TheBramble
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The market opens. This is normally I high activity period. As is the last half hour of trading.kako said:
Contrast with the US lunch time when the market generally goes into the doldrums.
Trading NASDAQ stocks with Jerry Olson & Ian Hodgson
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Contrast with the US lunch time when the market generally goes into the doldrums.
eurotrader52
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kako said:
The morning trading period is usually from 9:45 to 10:10 however I have often traded the 10:00 area as a common REVERSAL of the morning 30 minutes. This area is identified by many REVERSAL changes ofttimes signified by dojis at highs followed by bearish candlesticks (i.e. harami, dark cloud cover, etc. Many traders are trading pre market news, buy/sells are piled up on the table and by 10:00 a counter trend is established that is very profitable and can last through 12:00 or so.
The Doldrums I don't trade (12:30 until about 2:00 sometimes even 2:30. I have studied enough charts and after 10 years of trading I've also added the 2:30 to 3:30 period as the best period for a stronger move with greater volume. Usually it is the same trend as the 10:00 reversal trend.
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Jerry Olson
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Just A Headsup For You Traders/investors
Good Morning all
We have a lot on our plate this morning so let's get it on. First Al-Zarqawi is dead folks. Good riddance to that killer and good news for our troops in Iraq. Now let's get Bin Laden too.
The world markets are selling off this morning as interest rates are being raised around the world to fight inflation. Crude oil for July delivery is about to breakdown below 69.50 on the P&F chart heading down to 67.50 and the bullish support line, this is a good thing for everyone. Gold has completely broken down after making a top at 722 at the "top" of the 10 week trading bands I talk about all the time. My downside target is 568-570 for a potential bounce there. The dollar is rallying here with a major breakout at 85.50 on the chart that should have all other currencies pulling back in an uptrend. Meaning they are still a lot stronger then the buck for now. That too could change over time. Next what is in store for the US markets as this morning futures are very negative on all fronts?. Looking at the charts we are nearing hard support areas at the 'BOTTOM" of the ten week trading bands on "ALL" index charts except the DJIA which should bottom around 10,650-700 area in days. Things are moving so fast these days it seems everyone is in a hurry to sell and to buy. If you have moved to the sidelines as I suggested 2 months ago when the 3 main indicators, the 3 main Bullish Percents reversed down, then you have cash to buy this dip. I have diligently mentioned ad nausea about buying cheap insurance back then in the form of puts, going straight to cash, since cash is a solid trading position. I also mentioned to write covered calls against your holdings and take in cash for stocks you have held for a long time at much cheaper prices that you do not want to sell. If you have heeded my warnings back then you're sitting very well positioned to buy this sell off in the next few weeks. All indexes are going to have a full 10% correction that has been the missing link over the last 2 years or so. We needed this pullback since it's all a part and parcel of how the dynamics of the market works over the long haul. We have lived thru these sell offs for years. It is not unusual it's usual! This is the ebb and flow of the living entity we call the stock market. Get used to it and plan ahead at all times. My use and expertise of Point & Figure has saved my trading life for the last 10 years. It's going to help you as well to combat these scary moves in the market. We have learned over the years to buy all death and destructive dips. When everyone is calling for crash mode, when everyone is leaning the wrong way at or near the bottom, we need to take full advantage of this "get me out" puke it out" mentality.
All it takes is the guts and determination to buy at the lows, NOT SELL THERE! You heard me right, buy it when it looks like we are falling into the abyss. When the markets look the darkest, when everything looks as bleak as it can get that's when you buy. Not at 52 week highs or double tops. When everything is too rosy the exact reverse thinking comes into play. Sell it to the "Johnny Comes Lately crowd" that I wrote about in that "exact quote" way back in time this year. You sell at tops, and buy at bottoms. Get used to buying at a discount, a fire sale if you will. The country and the stock market is NOT going out of business folks. We'll be here trading for a living till kingdom come. The ultimate duty for all of us to be very cautious during these highly volatile times always protecting ones trading capital at all costs. I am not going to pound the table as I have been doing each day reminding you to "sell to soon", take the money and run", it becomes redundant to say the least. You all know the drill nothing has changed for now. If you snooze you lose.
=====================================================================================================
There is little sense in posting stocks with triggers today as the gap down will be large fast and furious, my suggestion is to wait for some stability and pick up some counter trend trades as buyers step into the game at some point today. Our list never changes really as the hi beta NASDAQ stocks provide us with solid trading choices each and every day. Let's set alerts today on all the indexes to see if they touch my "bottom targets" all at the same time. If his happens watch for buyers to appear with a large volume spike to the upside. You must be prepared for wholesale buying to enter this pullback at any moment. Have no fear folks, let it unfold and watch how the street reacts to this world wide sell off. Trust me the US markets lead the whole world by the nose. If we bounce today or tomorrow so will all the other oversold markets. Stay fast and loose today let's watch the action as it presents itself with super cheap buying opportunities.
=====================================================================================================
DJIA---10,700---650 THE BULLISH SUPPORT LINE
COMPX---2120 THE BOTTOM OF THE 10 WEEK
NDX---1540 THE BOTTOM OF THE 10 WEEK. THIS BP IS IN X'S AND HAS "NOT" MOVED ONE THIN DIME LOWER.
SOX---435 THE BOTTOM OF THE 10 WEEK
RUT 2000---680 THE BOTTOM OF THE 10 WEEK
HUI THE GOLD BUG INDEX---280 THE BOTTOM OF THE 10 WEEK
CL N6 JULY CRUDE FUTURES----A BREAK OF 69.50 TAKES IT TO 67.50 1ST TARGET
GC CONTINUOUS FUTURES---A BREAK OF 628 TAKES IT DOWN TO 568
TNX 10 YEAR YIELDS---A BREAK OF 49.75 COULD PLUNGE THIS CHART A LOT LOWER FOLKS THIS IS A GOOD THING
TLT---LEHMAN BOND INDEX---A PRINT OF 85.50 COULD TAKE IT TO 88.50 AND BE VERY BULLISH FOR THE MARKETS
======================================================================================================
AAPL
SNDK
RIMM COULD HAVE APPL NEWS SOON
BRCM VERY CHEAP NOW
MRVL A SUPER GOOD SEMIS THAT GUIDED HIGHER
NVLS BIG UPSIDE GUIDANCE LAST NIGHT WE HAVE TXN MID Q TONIGHT WITH NSM TODAY AT 1-2 PM
CELG
RMBS NEWS COMING THIS MONTH ALL GOOD
GOOG BROKE OUT AT 388
BIDU IS IN PLAY BIG TIME
QCOM SOLID QUALITY NAME
AKAM A CRAMER LIKE
BOOM IN PLAY BIG TIME
=====================================================================================================
ALL I CAN SAY TO ALL OF YOU IS LET'S MAKE MONEY. THAT'S THE NAME OF THE GAME. PLEASE STICK TO THE RULES I HAVE LAID OUT TO EVERYONE. WE CAN TRADE ANY MARKET AND MAKE A BUCK WE DO IT DARN NEAR EVERYDAY.
GOOD LUCK TO US ALL, JUST RELAX AND WATCH THE ACTION
SEE YOU IN THE ROOM
BEST TO YOU AND YOURS
JERRY & INNA
Jerry Olson
The Jog Group
www.buyitbuyitsellitsellit.com
Good Morning all
We have a lot on our plate this morning so let's get it on. First Al-Zarqawi is dead folks. Good riddance to that killer and good news for our troops in Iraq. Now let's get Bin Laden too.
The world markets are selling off this morning as interest rates are being raised around the world to fight inflation. Crude oil for July delivery is about to breakdown below 69.50 on the P&F chart heading down to 67.50 and the bullish support line, this is a good thing for everyone. Gold has completely broken down after making a top at 722 at the "top" of the 10 week trading bands I talk about all the time. My downside target is 568-570 for a potential bounce there. The dollar is rallying here with a major breakout at 85.50 on the chart that should have all other currencies pulling back in an uptrend. Meaning they are still a lot stronger then the buck for now. That too could change over time. Next what is in store for the US markets as this morning futures are very negative on all fronts?. Looking at the charts we are nearing hard support areas at the 'BOTTOM" of the ten week trading bands on "ALL" index charts except the DJIA which should bottom around 10,650-700 area in days. Things are moving so fast these days it seems everyone is in a hurry to sell and to buy. If you have moved to the sidelines as I suggested 2 months ago when the 3 main indicators, the 3 main Bullish Percents reversed down, then you have cash to buy this dip. I have diligently mentioned ad nausea about buying cheap insurance back then in the form of puts, going straight to cash, since cash is a solid trading position. I also mentioned to write covered calls against your holdings and take in cash for stocks you have held for a long time at much cheaper prices that you do not want to sell. If you have heeded my warnings back then you're sitting very well positioned to buy this sell off in the next few weeks. All indexes are going to have a full 10% correction that has been the missing link over the last 2 years or so. We needed this pullback since it's all a part and parcel of how the dynamics of the market works over the long haul. We have lived thru these sell offs for years. It is not unusual it's usual! This is the ebb and flow of the living entity we call the stock market. Get used to it and plan ahead at all times. My use and expertise of Point & Figure has saved my trading life for the last 10 years. It's going to help you as well to combat these scary moves in the market. We have learned over the years to buy all death and destructive dips. When everyone is calling for crash mode, when everyone is leaning the wrong way at or near the bottom, we need to take full advantage of this "get me out" puke it out" mentality.
All it takes is the guts and determination to buy at the lows, NOT SELL THERE! You heard me right, buy it when it looks like we are falling into the abyss. When the markets look the darkest, when everything looks as bleak as it can get that's when you buy. Not at 52 week highs or double tops. When everything is too rosy the exact reverse thinking comes into play. Sell it to the "Johnny Comes Lately crowd" that I wrote about in that "exact quote" way back in time this year. You sell at tops, and buy at bottoms. Get used to buying at a discount, a fire sale if you will. The country and the stock market is NOT going out of business folks. We'll be here trading for a living till kingdom come. The ultimate duty for all of us to be very cautious during these highly volatile times always protecting ones trading capital at all costs. I am not going to pound the table as I have been doing each day reminding you to "sell to soon", take the money and run", it becomes redundant to say the least. You all know the drill nothing has changed for now. If you snooze you lose.
=====================================================================================================
There is little sense in posting stocks with triggers today as the gap down will be large fast and furious, my suggestion is to wait for some stability and pick up some counter trend trades as buyers step into the game at some point today. Our list never changes really as the hi beta NASDAQ stocks provide us with solid trading choices each and every day. Let's set alerts today on all the indexes to see if they touch my "bottom targets" all at the same time. If his happens watch for buyers to appear with a large volume spike to the upside. You must be prepared for wholesale buying to enter this pullback at any moment. Have no fear folks, let it unfold and watch how the street reacts to this world wide sell off. Trust me the US markets lead the whole world by the nose. If we bounce today or tomorrow so will all the other oversold markets. Stay fast and loose today let's watch the action as it presents itself with super cheap buying opportunities.
=====================================================================================================
DJIA---10,700---650 THE BULLISH SUPPORT LINE
COMPX---2120 THE BOTTOM OF THE 10 WEEK
NDX---1540 THE BOTTOM OF THE 10 WEEK. THIS BP IS IN X'S AND HAS "NOT" MOVED ONE THIN DIME LOWER.
SOX---435 THE BOTTOM OF THE 10 WEEK
RUT 2000---680 THE BOTTOM OF THE 10 WEEK
HUI THE GOLD BUG INDEX---280 THE BOTTOM OF THE 10 WEEK
CL N6 JULY CRUDE FUTURES----A BREAK OF 69.50 TAKES IT TO 67.50 1ST TARGET
GC CONTINUOUS FUTURES---A BREAK OF 628 TAKES IT DOWN TO 568
TNX 10 YEAR YIELDS---A BREAK OF 49.75 COULD PLUNGE THIS CHART A LOT LOWER FOLKS THIS IS A GOOD THING
TLT---LEHMAN BOND INDEX---A PRINT OF 85.50 COULD TAKE IT TO 88.50 AND BE VERY BULLISH FOR THE MARKETS
======================================================================================================
AAPL
SNDK
RIMM COULD HAVE APPL NEWS SOON
BRCM VERY CHEAP NOW
MRVL A SUPER GOOD SEMIS THAT GUIDED HIGHER
NVLS BIG UPSIDE GUIDANCE LAST NIGHT WE HAVE TXN MID Q TONIGHT WITH NSM TODAY AT 1-2 PM
CELG
RMBS NEWS COMING THIS MONTH ALL GOOD
GOOG BROKE OUT AT 388
BIDU IS IN PLAY BIG TIME
QCOM SOLID QUALITY NAME
AKAM A CRAMER LIKE
BOOM IN PLAY BIG TIME
=====================================================================================================
ALL I CAN SAY TO ALL OF YOU IS LET'S MAKE MONEY. THAT'S THE NAME OF THE GAME. PLEASE STICK TO THE RULES I HAVE LAID OUT TO EVERYONE. WE CAN TRADE ANY MARKET AND MAKE A BUCK WE DO IT DARN NEAR EVERYDAY.
GOOD LUCK TO US ALL, JUST RELAX AND WATCH THE ACTION
SEE YOU IN THE ROOM
BEST TO YOU AND YOURS
JERRY & INNA
Jerry Olson
The Jog Group
www.buyitbuyitsellitsellit.com
Jerry Olson
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Chart For The Buck
A BREAK OF 85.50 WOULD SEND THIS CURRENCY FLYING
http://www.buyitbuyitsellitsellit.com/OJ1.gif
A BREAK OF 85.50 WOULD SEND THIS CURRENCY FLYING
http://www.buyitbuyitsellitsellit.com/OJ1.gif
Jerry Olson
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interest rates
wanted to mention to you all
watch the T- BOnd futures here for a break over 108.00 and the 10 year yields to fall below 49.75...
very bullish for the whole market if you ask me despite all the jawboning about higher rates and inflation...
wanted to mention to you all
watch the T- BOnd futures here for a break over 108.00 and the 10 year yields to fall below 49.75...
very bullish for the whole market if you ask me despite all the jawboning about higher rates and inflation...
eurotrader52
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GOOG trigger like the 400 calls. BIDU 89.50
Like these big potatoes here. BIDU calls later in the session to add to upside in position.
Like these big potatoes here. BIDU calls later in the session to add to upside in position.
eurotrader52
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SNDK short in play again after 52.50 broke looking below 50
SNDK looking like a longer term short as it closed below the 200 day moving average yesterday. VOLUME INCREASES on the pullbacks.
SNDK looking like a longer term short as it closed below the 200 day moving average yesterday. VOLUME INCREASES on the pullbacks.
Grey1
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A beautiful short signal from the mighty VWAP engine resulted in $ $2230 profit. Muchas Gracias Mr market.
I still have 1500 short which i will be dumping as soon as I hit my daily target or I get a cover signal from the Exhaustion Engine. As i am typing this my pos run into + $ 2545 MA MA MIA I only been trading 30 min by the way
grey1
I still have 1500 short which i will be dumping as soon as I hit my daily target or I get a cover signal from the Exhaustion Engine. As i am typing this my pos run into + $ 2545 MA MA MIA I only been trading 30 min by the way
grey1
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eurotrader52
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Awesome play Grey1! Plucked BRCM short 29.70.
GOOG 2 good intraday moves but holding 380 puts and 400 calls If GOOG moves below 387 will increase put position once again. QQQQ 39 puts (QQQRM) in play here.Grey1 said:
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eurotrader52
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HOV "swing short" new target 28.50 with PHM 27.50.
Builders are a little low here so profits should be cleared off the table by a potential 2:00 recovery.eurotrader52 said:
eurotrader52
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GOOG 380 puts up another points (5.40 to 6.50) early $0.50 gain on 400 calls
I do not trade GOOG the stock because there is no way I can make the gains as you can from the options. GOOG puts might be a HOLD through the end of the session while taking some off the table (25 contracts + 10 from last night)eurotrader52 said:
eurotrader52
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Covered partial BRCM short @ 29.12 holding half for more downside
Goodbye SNDK and BRCM!! Should have taken some BIDU puts didn't have time.eurotrader52 said:
eurotrader52
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HOV... PHM and SLB dead in the water. "Hovering" over an abyss
:cheesy: Goodbye HOV and PHM "new 52-week lows". I would be holding those SLB puts even as it hit target.
:cheesy: Goodbye HOV and PHM "new 52-week lows". I would be holding those SLB puts even as it hit target.
eurotrader52
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Keep going Grey1 downside is unlimited here. BRCM and SNDK rallies being sold
If the predominant trend in the NQ's and market internals are very negative I would not take profits short on even small bear flag "rallies" They are being SOLD INTO so covering only partial positions and letting winners (shorts) run.Grey1 said:
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eurotrader52
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GOOG hold those 380 puts up 2.60 (42%) trading @ 8
GOOG puts up 42% second day of puts in GOOG, even the morning rally (400 calls) had a gain. If you buy puts you won't be panicked at small bear flag intraday rallies... JUST HOLD FOR THE RIDE UPeurotrader52 said:
eurotrader52
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Covering/closing SLB, PHM and HOV after multi day downside
After swing shorts in SLB PHM and HOV looking to cover here with no intention today of further shorting these companies. Flat now any oil service companies and home builders.eurotrader52 said:
