Stock market tips and experiences

rallysport · 10-04-2011, 03:04 PM

Wow! What a jump at the end

kyleb350 · 10-04-2011, 03:27 PM

Quote:

Originally Posted by Vanity

Wouldn't touch any bank stock ATM since financials sector is one of the main sectors dragging us down. Keep waiting for more news that would banks up, like QE3 (maybe) next week?

As in the news this afternoon? lol

Vanity · 10-04-2011, 03:48 PM

Quote:

Originally Posted by kyleb350

As in the news this afternoon? lol

News this afternoon wasn't targeted at bank stocks. What drove the indexes up, my opinion here, were big institutions trying to keep the bears from breaking 1070 today. Look at Morgan Stanleys stock skyrocket after the surge today. My guess is they, and everyone else like Goldman and UBS, and big pros, were doing a huge bull rally today.

This isn't by any means something you can rely on for tomorrow or the day after that. Which means keep waiting for QE3 news or Greek debt bailout for some solid trends up. Today was an anomalie.

M3Bahn · 10-04-2011, 05:45 PM

Duh...

Bernanke warns recovery 'close to faltering'

WASHINGTON (AP) -- Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.

Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday of what most of America has sensed for some time: The economic recovery, such as it is, "is close to faltering."

http://finance.yahoo.com/news/Bernan...40448.html?x=0

Vanity · 10-05-2011, 12:06 PM

Yesterdays market anomaly is holding a lot of money in profits. Spx is having a hard time making anymore positive traction so far today. Look at FAS and FAZ. FAS should be in the positive ATM. Instead, FAZ is sitting 3-5% in the green. Am I the only one who thinks someone knows something?

Course, I could be wrong. But I'll be seriously considering an entrance point later on today. We shall see. Hope everyone's portfolio isn't in too bad shape.

FAZ sitting near negatives. Might be a nice hedge to pick up if it goes any lower

mact3333 · 10-07-2011, 12:51 AM

tomorrow is the moment of truth...pressed up against resistence levels now..If we rally hard from employment report than IT bottom prob hit and we will rally for prob a month and selloffs should be bought...if we tank tomorrow then SPX will prob see 1000-50.

Odds favor rally no matter how good or bad the employment number is cause mkt sentiment wants a rally now.

Javi335 · 10-07-2011, 11:25 AM

... everybodys knows TA isnt a exact science, but here's my proyection and my possible owned. Those 216-210 price AMZN gekko approved among the slightly bearish resistance created around it, looks to me like a stock's swap figure without no doubt, i think a new tendency range is coming, im gonna bet my worthless euros to the bull up to 260. No more arguments, its a 90% feeling ...

a second opinion is welcome

Vanity · 10-07-2011, 12:13 PM

Job report was up but we are three days up in a bear market. Sentiment is to take profits on a Friday and see shat happens on Monday with Greece. Germany and France are preparing for a Greece default ATM as they wait for troika to announce it's decision tomorrow. With the job numbers not bumping much, the second downgrade on Italy, downgrade on spain, downgrade on 9 portuguese banks, downgrade on 12 uk banks, and today is a short position. There's no big news left today to bring this up. Job numbers was key. It did nothing.

Rating agencies have had their knife out for the institutions today.

Javi335 · 10-07-2011, 04:26 PM

Quote:

Originally Posted by Vanity

, downgrade on spain, .

and minutes after, spain bonds gets under 300 pts ...

mact3333 · 10-10-2011, 09:24 AM

1170 resistance cleared...we will have trend day up...rallytime...see you at 1250 ES...trade accordingly.

M3Bahn · 10-10-2011, 12:18 PM

Not To Be Left Out, China Announces Its Own Bank And Stock Market Bail Out

To anyone still believing that capital markets around the world express something other than government policy, the latest news out of China may come as a surprise: "Beijing will buy more shares in China’s biggest banks, in an expression of support for the beleaguered stock market and most concrete state action to date to shore up confidence in the slowing economy." The FT reports further: "Central Huijin, the domestic arm of China’s sovereign wealth fund, will buy the shares to help stabilise the pillars of the country’s financial system, the official Xinhua news agency said on Monday. Coming as the Chinese stock market closed at a 30-month low, the move was the strongest sign that Beijing wants to engineer a restoration of confidence in share prices and the economy. It paid instant dividends with a rally in the final minutes of trading on Monday." And there you have it: stocks are now nothing more than a means for governments to validate their "success" in something, since they have no more control left over either employment or inflation, or public expression of affection with capitalism as per #OWS. So why not ramp up the DJIA to 36,000? Granted that will happen as all global currencies get terminally davalued against gold, but so what - after all that only thing that matters now is whose stock market is the biggest.

http://www.zerohedge.com/news/not-be...arket-bail-out

Javi335 · 10-10-2011, 03:30 PM

One of my conspiranoic bets on this is crisis is an "off-set" correction made by the FED to slow down China's power. An state of that size, with that population, politically independent, gettin under order and growing, wow, can made any currency lost his monopoly

Vanity · 10-11-2011, 03:11 PM

10 years ago we had Steve Jobs, Bob Hope, and Johnny Cash. Now we have no Jobs, no Hope, and no Cash.

mact3333 · 10-12-2011, 12:40 AM

We had indecision candle today where bulls couldnt expand the price range...shows bulls are tiring...short term top likely now...could see selling for next few days to relieve overbought conditions...we also have strong selling on strength today...odds favor short term top.

How low we go depends on what volume is doing...if we decline on shrinking volume, selling will be corrective...if volume pattern increases then something else could be up.

Vanity · 10-12-2011, 11:48 AM

Quote:

Originally Posted by mact3333

We had indecision candle today where bulls couldnt expand the price range...shows bulls are tiring...short term top likely now...could see selling for next few days to relieve overbought conditions...we also have strong selling on strength today...odds favor short term top.

How low we go depends on what volume is doing...if we decline on shrinking volume, selling will be corrective...if volume pattern increases then something else could be up.

Going to have to agree with you here. Trading volume has been declining over the last days of rally. In fact, to strengthen the overbought status, we are sitting around the 1212 mark on spx, with the lowest trade volume in 3 months. We are way too high ATM. Dunno how much more she's got.

FAZ has just been recoiling from 80's price territory down to $51 ish. Spring is about to be sprung.

mact3333 · 10-12-2011, 03:54 PM

was watching shooting star candle forming on AAPL today...exited longs earlier today and took shorts when AAPL showed topping signs...yest's doji candle, low volume, and selling on strength #'s giving clues.

But dont get too excited...I think rest of week favors down but next week its rally time once again.

Vanity · 10-13-2011, 12:39 AM

Sell off at the end of today was higher in volume than most of the rally volumes this week.

mact3333 · 10-13-2011, 09:12 AM

Quote:

Originally Posted by Vanity

Sell off at the end of today was higher in volume than most of the rally volumes this week.

I should charge for my services hehe...

lablueboy · 10-13-2011, 05:45 PM

ROYL - what a jump!!

Javi335 · 10-13-2011, 05:56 PM

AMZN fights with the 240 price, let see ... i keep betting for those 260 for not too long. The levels are very predictibles to enter and to sell, a safe bet, not huge gains but almost none risk.

Javi335 · 10-14-2011, 04:42 PM

Quote:

Originally Posted by Javi335

AMZN fights with the 240 price, let see ...

broken, next station 260

Vanity · 10-17-2011, 12:14 PM

Citigroup earnings down anywhere from 33-73%. Volcker Rule bickering taints wall streets mood. Athens is piled beneath garbage as civil workers go on strike. The country is in uproar for the vote in Greek Parliament Thursday that seeks to eliminate the minimum wage in Greece.

Markets needed this news to get away from significantly overbought status and drive it
down from intense resistance levels. Do not let the recent push up to 1200 levels confuse you, we are still very well within the confines of a bear market. Mact, what's your opinion on the IT trend for this week? I can't see break of 1250, let alone 1230 levels this week. You?

Edit: Might see a move up in markets tomorrow. Bernanke set to speak tomorrow. Goldman Sachs chief econcomist Jan Hatzius is saying this will be QE3 tomorrow. Not sure if this will be the real deal this time, but something is awry with the financial stocks today. DJIA down 200 points and bank stocks are barely taking a significant hit like they always have. At best, they're only down 1-2%. Hrmm.

Hardly finding any information as to what will be happening tomorrow at Bernankes speech. Realize that Bernanke has always advocated "surprise" in his bailouts as to measure how effective they might be.

EDIT: if Bernanke releases QE3, markets will hit yearly new highs. If not, bear rally might continue till 1270 before the next fall. Chime in.

10-04-2011, 03:04 PM	#2201
rallysport New Member 2 Rep 14 Posts Drives: bmw 128i Join Date: Apr 2010 Location: Ontario iTrader: (0)	Wow! What a jump at the end
	Appreciate 0 Quote

10-04-2011, 05:45 PM	#2204
M3Bahn Lieutenant 329 Rep 483 Posts Drives: M3 Join Date: Mar 2011 Location: ATL iTrader: (0)	Duh... Bernanke warns recovery 'close to faltering' WASHINGTON (AP) -- Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue. Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday of what most of America has sensed for some time: The economic recovery, such as it is, "is close to faltering." http://finance.yahoo.com/news/Bernan...40448.html?x=0 __________________ The journey is the reward.
	Appreciate 0 Quote

10-05-2011, 12:06 PM	#2205
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Yesterdays market anomaly is holding a lot of money in profits. Spx is having a hard time making anymore positive traction so far today. Look at FAS and FAZ. FAS should be in the positive ATM. Instead, FAZ is sitting 3-5% in the green. Am I the only one who thinks someone knows something? Course, I could be wrong. But I'll be seriously considering an entrance point later on today. We shall see. Hope everyone's portfolio isn't in too bad shape. FAZ sitting near negatives. Might be a nice hedge to pick up if it goes any lower __________________ Last edited by Vanity; 10-05-2011 at 01:05 PM..
	Appreciate 0 Quote

10-07-2011, 12:51 AM	#2206
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	tomorrow is the moment of truth...pressed up against resistence levels now..If we rally hard from employment report than IT bottom prob hit and we will rally for prob a month and selloffs should be bought...if we tank tomorrow then SPX will prob see 1000-50. Odds favor rally no matter how good or bad the employment number is cause mkt sentiment wants a rally now.
	Appreciate 0 Quote

10-07-2011, 11:25 AM	#2207
Javi335 Troll but nice 166 Rep 341 Posts Drives: 335i E92 Join Date: Nov 2009 Location: Returning videotapes iTrader: (0)	... everybodys knows TA isnt a exact science, but here's my proyection and my possible owned. Those 216-210 price AMZN gekko approved among the slightly bearish resistance created around it, looks to me like a stock's swap figure without no doubt, i think a new tendency range is coming, im gonna bet my worthless euros to the bull up to 260. No more arguments, its a 90% feeling ... a second opinion is welcome __________________ There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
	Appreciate 0 Quote

10-07-2011, 12:13 PM	#2208
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Job report was up but we are three days up in a bear market. Sentiment is to take profits on a Friday and see shat happens on Monday with Greece. Germany and France are preparing for a Greece default ATM as they wait for troika to announce it's decision tomorrow. With the job numbers not bumping much, the second downgrade on Italy, downgrade on spain, downgrade on 9 portuguese banks, downgrade on 12 uk banks, and today is a short position. There's no big news left today to bring this up. Job numbers was key. It did nothing. Rating agencies have had their knife out for the institutions today. __________________
	Appreciate 0 Quote

10-10-2011, 09:24 AM	#2210
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	1170 resistance cleared...we will have trend day up...rallytime...see you at 1250 ES...trade accordingly.
	Appreciate 0 Quote

10-10-2011, 12:18 PM	#2211
M3Bahn Lieutenant 329 Rep 483 Posts Drives: M3 Join Date: Mar 2011 Location: ATL iTrader: (0)	Not To Be Left Out, China Announces Its Own Bank And Stock Market Bail Out To anyone still believing that capital markets around the world express something other than government policy, the latest news out of China may come as a surprise: "Beijing will buy more shares in China’s biggest banks, in an expression of support for the beleaguered stock market and most concrete state action to date to shore up confidence in the slowing economy." The FT reports further: "Central Huijin, the domestic arm of China’s sovereign wealth fund, will buy the shares to help stabilise the pillars of the country’s financial system, the official Xinhua news agency said on Monday. Coming as the Chinese stock market closed at a 30-month low, the move was the strongest sign that Beijing wants to engineer a restoration of confidence in share prices and the economy. It paid instant dividends with a rally in the final minutes of trading on Monday." And there you have it: stocks are now nothing more than a means for governments to validate their "success" in something, since they have no more control left over either employment or inflation, or public expression of affection with capitalism as per #OWS. So why not ramp up the DJIA to 36,000? Granted that will happen as all global currencies get terminally davalued against gold, but so what - after all that only thing that matters now is whose stock market is the biggest. http://www.zerohedge.com/news/not-be...arket-bail-out __________________ The journey is the reward.
	Appreciate 0 Quote

10-10-2011, 03:30 PM	#2212
Javi335 Troll but nice 166 Rep 341 Posts Drives: 335i E92 Join Date: Nov 2009 Location: Returning videotapes iTrader: (0)	One of my conspiranoic bets on this is crisis is an "off-set" correction made by the FED to slow down China's power. An state of that size, with that population, politically independent, gettin under order and growing, wow, can made any currency lost his monopoly __________________ There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
	Appreciate 0 Quote

10-11-2011, 03:11 PM	#2213
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	10 years ago we had Steve Jobs, Bob Hope, and Johnny Cash. Now we have no Jobs, no Hope, and no Cash. __________________
	Appreciate 0 Quote

10-12-2011, 12:40 AM	#2214
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	We had indecision candle today where bulls couldnt expand the price range...shows bulls are tiring...short term top likely now...could see selling for next few days to relieve overbought conditions...we also have strong selling on strength today...odds favor short term top. How low we go depends on what volume is doing...if we decline on shrinking volume, selling will be corrective...if volume pattern increases then something else could be up.
	Appreciate 0 Quote

10-12-2011, 03:54 PM	#2216
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	was watching shooting star candle forming on AAPL today...exited longs earlier today and took shorts when AAPL showed topping signs...yest's doji candle, low volume, and selling on strength #'s giving clues. But dont get too excited...I think rest of week favors down but next week its rally time once again. Last edited by mact3333; 10-12-2011 at 05:27 PM..
	Appreciate 0 Quote

10-13-2011, 12:39 AM	#2217
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Sell off at the end of today was higher in volume than most of the rally volumes this week. __________________
	Appreciate 0 Quote

10-13-2011, 05:45 PM	#2219
lablueboy Private First Class 9 Rep 110 Posts Drives: E92 335i Join Date: Apr 2008 Location: OK iTrader: (0)	ROYL - what a jump!!
	Appreciate 0 Quote

10-13-2011, 05:56 PM	#2220
Javi335 Troll but nice 166 Rep 341 Posts Drives: 335i E92 Join Date: Nov 2009 Location: Returning videotapes iTrader: (0)	AMZN fights with the 240 price, let see ... i keep betting for those 260 for not too long. The levels are very predictibles to enter and to sell, a safe bet, not huge gains but almost none risk. __________________ There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
	Appreciate 0 Quote

10-17-2011, 12:14 PM	#2222
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Citigroup earnings down anywhere from 33-73%. Volcker Rule bickering taints wall streets mood. Athens is piled beneath garbage as civil workers go on strike. The country is in uproar for the vote in Greek Parliament Thursday that seeks to eliminate the minimum wage in Greece. Markets needed this news to get away from significantly overbought status and drive it down from intense resistance levels. Do not let the recent push up to 1200 levels confuse you, we are still very well within the confines of a bear market. Mact, what's your opinion on the IT trend for this week? I can't see break of 1250, let alone 1230 levels this week. You? Edit: Might see a move up in markets tomorrow. Bernanke set to speak tomorrow. Goldman Sachs chief econcomist Jan Hatzius is saying this will be QE3 tomorrow. Not sure if this will be the real deal this time, but something is awry with the financial stocks today. DJIA down 200 points and bank stocks are barely taking a significant hit like they always have. At best, they're only down 1-2%. Hrmm. Hardly finding any information as to what will be happening tomorrow at Bernankes speech. Realize that Bernanke has always advocated "surprise" in his bailouts as to measure how effective they might be. EDIT: if Bernanke releases QE3, markets will hit yearly new highs. If not, bear rally might continue till 1270 before the next fall. Chime in. __________________ Last edited by Vanity; 10-17-2011 at 12:48 PM..
	Appreciate 0 Quote