Stock market Thread II--Technical Analysis

[stylinexpat]

Originally Posted by mact3333

shooting star candle on many techs...hmmm.

SPX looks like ST top to me as noted late last week.

When everyone and their grandmother is short it will make new highs. I think we see 1800 soon. Until there are no more bears and everyone is bull we continue to climb. Last week everyone was bullish on the Dollar and was taken to the cleaners. Last week many were also bearish on the SPX500 and were taken to the cleaners as well. Fighting the trend is not good. You just can not beat the $85 Billion that the FED has to print every month.

[stylinexpat]

Higher Baby...

[scorcherjf]

Originally Posted by mact3333

lol on US default...yeah right...is it that tough to create free money out of thin air?....

told you guys we will keep making new marginal new highs?.

TSLA, FB, DDD, AMAVF, AAPL...many up 100-200% now...AAPL up 20%.

Guys, we will hit short term top real soon...within days...will need to selloff(small) soon to reset the meters before rising yet again.


Bet we are 5 points off from ST top on SPX.

Still waiting for that top, hope you didn't go short at 1740.

[mact3333]

Originally Posted by scorcherjf

Still waiting for that top, hope you didn't go short at 1740.

why would I do that?...I said very short term top followed by new highs, which we just made.

But public money pouring into the mkts now, more than anytime since 2000...this is phase 1!...its coming.

Mom and pop entering now.....

I think I have an idea when and where we will finally top, but its my secret.....

So did anyone make tons on DDD?...TSLA?...FB?...AAPL...AMAVF?

Handed those on a platter for you guys like 6 months ago.

[F1Venom]

Jeez. AAPL an absolute bitch today.

[PSUSMU]

Originally Posted by mact3333

why would I do that?...I said very short term top followed by new highs, which we just made.

But public money pouring into the mkts now, more than anytime since 2000...this is phase 1!...its coming.

Mom and pop entering now.....

I think I have an idea when and where we will finally top, but its my secret.....

So did anyone make tons on DDD?...TSLA?...FB?...AAPL...AMAVF?

Handed those on a platter for you guys like 6 months ago.

I'm +18% on DDD. Got in late.

[Myrder]

Originally Posted by F1Venom

Jeez. AAPL an absolute bitch today.

Its always a bitch when earnings aren't stupid awesome or buybacks are not announced.

[r0wr]

Originally Posted by mact3333

why would I do that?...I said very short term top followed by new highs, which we just made.

But public money pouring into the mkts now, more than anytime since 2000...this is phase 1!...its coming.

Mom and pop entering now.....

I think I have an idea when and where we will finally top, but its my secret.....

So did anyone make tons on DDD?...TSLA?...FB?...AAPL...AMAVF?

Handed those on a platter for you guys like 6 months ago.

Stop thinking yesteryear and give us picks for this month

[PSUSMU]

I'm long NDLS at $40. Hoping for a good ER next week with expansion of locations through the country/hopefully being the next Chipotle. #cokedreams

[mact3333]

think there will be money to be made on Twitter when it comes out next week...will be volatile...risky if it pops huge but if it starts trading at anything less than 70-100" pop, I will take a chance...if its up over 100% on the open, then its risky and you have to wait for pullback first.

Another one to watch is VJET...chart looks interesting...another 3D player who recently ipo'd.

We are very close to a IT pullback...this one will be bigger than previous downturns but once again, once this passes, we will be making weak all time highs again.

Next year is when the fun starts.

[mact3333]

Originally Posted by r0wr

Stop thinking yesteryear and give us picks for this month

I told you to buy AAPL., not short it!.......AAPL up over 100 points from when I rec'd.

[mact3333]

VJET and DDD looking good still.

But don't get into DDD for first time right now, its too late and risky for that train.

[r0wr]

Originally Posted by mact3333

I told you to buy AAPL., not short it!.......AAPL up over 100 points from when I rec'd.

Trust me, I've made well over 100 pts off of shorting AAPL.

[Kabrich]

Market going to take a MAJOR crapper starting this month.

For last 2 months thought it would start about the 18th, but now appearing that it could happen any time.

Was in NQ Nasdaq on 10/10 and got out at market open on Wednesday morning. Shorted the YM Dow at open on Wednesday morning as well at 15635.

ES at 1758 as I post this and if it gets below last week's low (1747) look out below.

[NemesisX]

Originally Posted by Kabrich

Market going to take a MAJOR crapper starting this month.

For last 2 months thought it would start about the 18th, but now appearing that it could happen any time.

What makes you say that?

[F1Venom]

I wonder what event could set off the market. No more QE?

[NemesisX]

Originally Posted by F1Venom

I wonder what event could set off the market. No more QE?

The major markets will probably drop like 4-5% in the short term (days or weeks) when investors get wind of that.

But I thought I heard recently that there's no plan on even thinking about doing that at least for another year or so.

[Kabrich]

Originally Posted by NemesisX

What makes you say that?

Never seen so many cycles ending and showing a negative at one time ever.

[NemesisX]

Originally Posted by Kabrich

Never seen so many cycles ending and showing a negative at one time ever.

Hmm. Yeah I'm not really well versed in finance or anything so I don't quite understand what these graphs are trying to show.

My dad's been pretty nervous about the market over the last few months. He thought there would be a drastic drop when S&P hit 1700 and so he moved about 3/4 of his 401k out of the market for a couple of months (I think June and/or July) before putting it back into the market for August after regretting missing out on the bull run, so his overall return this year is something 21% (S&P has been up 23 or 24% for the year).

Just curious what kind of returns are you guys seeing with day trading (percentages, of course) for the year so far?

[Kabrich]

And as Google was mentioned above.....the gap up was the worst thing to happen to GOOG and shows just another reason why this market is toppy.

[Kabrich]

Originally Posted by NemesisX

Hmm. Yeah I'm not really well versed in finance or anything so I don't quite understand what these graphs are trying to show.

My dad's been pretty nervous about the market over the last few months. He thought there would be a drastic drop when S&P hit 1700 and so he moved about 3/4 of his 401k out of the market for a couple of months (I think June and/or July) before putting it back into the market for August after regretting missing out on the bull run, so his overall return this year is something 21% (S&P has been up 23 or 24% for the year).

Just curious what kind of returns are you guys seeing with day trading (percentages, of course) for the year so far?

I am not saying for anyone to take action on my posts.

I have a cover on YM Dow at 15630 in case I am early to the party as I had 11/18 as most likely date for months, but the market is going to go on its own time table.

As for returns, I made more than the 23%-24% you spoke of in your post on the October NQ trade alone, but that was not daytrading. Made ~80% on Soybean Meal daytrading it in October and around 10% Daytrading ES in October, as Nasdaq was my focus (It was the strongest index when the market went long). Dow is weakest now which is why I shorted that last week.

[mact3333]

Day trading ES and TF is for fools unless you do it full-time.

The leverage usually shakes people out at the most vulnerable times cause thats how the game works.

For avg Joe, you better focus on IT and LT outlook cause ST moves are for suckers.