Stock market tips and experiences

mact3333 · 10-17-2011, 01:49 PM

what I said early last week was few days premature...I am short with small position now...downside target 1150-1175...then I see a push to 1250 to cap "this" rally...so down for now but then back up.

That rally on Friday was on very small volume and I wasnt falling for that trick...this means it was a short covering rally and also meant that significant buyers were not stepping up to the plate.

IMHO, Bernanke isnt going to announce QE3 until we are officially back in a recession and the SPX is down near 900.

for now the news to watch out for is europe...their piddly 400B bank fund isnt enough...soon enough they will have to come in with 2T I am guessing...this could cause a rally...perhaps within next wk or so???

Vanity · 10-18-2011, 11:27 AM

BAC!!!!!! Got that baby last night at $6.08 and today the earnings were amazing! $$$$$$

infinitekidM2C · 10-18-2011, 01:36 PM

baby got BAC? sheesh

ES_TRADER · 10-18-2011, 03:17 PM

smoke this mutherfuckin bar bears

mact3333 · 10-18-2011, 04:48 PM

Quote:

Originally Posted by richpuer

smoke this mutherfuckin bar bears

Rich you are a funny guy...angry mofo...

.

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.

M3Bahn · 10-18-2011, 07:00 PM

Quote:

Originally Posted by mact3333

Rich you are a funny guy...angry mofo...

.

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.

Apple Misses Big on Earnings, Revenue; Shares Tumble

http://www.cnbc.com/id/44908357

mact3333 · 10-19-2011, 10:51 AM

was looking for 1175 but only got 1185...need to clear 1230 then were headed to 1250.

Javi335 · 10-19-2011, 02:27 PM

well, ooooh, mmm , ... pullback, its a pullback ... dont nobody worry

Vanity · 10-19-2011, 04:43 PM

Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money!

Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?

mact3333 · 10-19-2011, 05:27 PM

small positions only during this choppy ride "up"...only bet big when odds stacked for you and were are ready for big int to long term trend change...this isnt the time for big positions.

Anyone noticed what caused the rally yesterday though...400B--->2T eurotrash help...like clockwork.

Quote:

Originally Posted by Vanity

Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money!

Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?

mact3333 · 10-20-2011, 12:12 AM

dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick...

....if 1175-85 doesnt hold, then I am wrong.

Vanity · 10-20-2011, 11:35 AM

Jumped into TVIX in the morning to make profit of irresolution and volatility. It's doing well for me right now, let's hope the day goes down further

What are you guys holding during these times?

Edit: TVIX went up as high as 11% today. Got out before it got too ugly today.

mact3333 · 10-21-2011, 09:48 AM

Quote:

Originally Posted by mact3333

dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick...

....if 1175-85 doesnt hold, then I am wrong.

On the cusp...think we clear 1230 soon and floodgate should open up as bears capitulate...final push up imho.

mact3333 · 10-21-2011, 10:35 AM

bears sweating now...ready to throw in towel...

.

Vanity · 10-21-2011, 01:20 PM

Woo, been an interesting week. Spx hitting 1230 just on the last day! Bought some more BAC yesterday when the markets were down. Sold right in the morning after that 200 point opening, and sitting comfy on the green

Won't be taking a position in anything until I see what happens in Europe Sunday night! So far so good. Hope you guys ride this thing up for the last little bit before we circulate down (fingers crossed). Will be getting into some big short positions once market trend goes down.

mact3333 · 10-24-2011, 09:59 AM

as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

mact3333 · 10-24-2011, 10:37 AM

watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.

Vanity · 10-24-2011, 12:31 PM

Quote:

Originally Posted by mact3333

as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

probably not the next few months, but until late nov or December. The u.s. congressional super committee, the 12 member party tasked with cutting 1.2 trillion from the deficit, has to report their decision by Nov. 23rd. If they don't come to a conclusion on anything, expect another U.S. downgrade. That will potentially send the markets low like they did in early August when the U.S. got downgraded then. And if they don't come to a conclusion, the 1.2 trillion will automatically be cut from spending, which is going to hurt the weak u.s. economy in 2012.

mact3333 · 10-24-2011, 12:45 PM

Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.

Vanity · 10-24-2011, 04:23 PM

Quote:

Originally Posted by mact3333

Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.

Wednesda wil be the deciding factor for the next trend. If summit talks end up agreeing on current plans of Eurobanks raising capitalization money first from the private sector, then that news should calm the markets. But the Eurobanks will have huge difficult securing such funding since credit debt swaps so high now. If the Eurobanks cannot gather private investor money for recapitalization, they will turn to selling off government assets. They will indeed trigger a fire sale across Europe as investors protect their own asset values and sell off alongside Eurobanks.

Greek write downs nearing 60% in some discussions, this will hitFrance hard and will undoubtedly get them another downgrade. Contagion is still very much possible. I'm a bit brave and holding on some FAS atm, but will be watching the markets like a hawk and prepared to pull out ASAP. I still have a good cushion so I will see how things ride.

Hope everyone is investing accordingly!

mact3333 · 10-24-2011, 04:37 PM

look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

Vanity · 10-25-2011, 04:12 AM

Quote:

Originally Posted by mact3333

look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

Shieeeeettttt! I knew this thing was never going back to 1300 levels!

10-17-2011, 01:49 PM	#2223
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	what I said early last week was few days premature...I am short with small position now...downside target 1150-1175...then I see a push to 1250 to cap "this" rally...so down for now but then back up. That rally on Friday was on very small volume and I wasnt falling for that trick...this means it was a short covering rally and also meant that significant buyers were not stepping up to the plate. IMHO, Bernanke isnt going to announce QE3 until we are officially back in a recession and the SPX is down near 900. for now the news to watch out for is europe...their piddly 400B bank fund isnt enough...soon enough they will have to come in with 2T I am guessing...this could cause a rally...perhaps within next wk or so??? Last edited by mact3333; 10-17-2011 at 01:55 PM..
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10-18-2011, 11:27 AM	#2224
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	BAC!!!!!! Got that baby last night at $6.08 and today the earnings were amazing! $$$$$$ __________________
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10-18-2011, 01:36 PM	#2225
infinitekidM2C Major General 4296 Rep 5,735 Posts Drives: 2019 M2 Competition Join Date: Nov 2007 Location: Orange County, CA iTrader: (4) Garage List 2019 M2 COMPETITION [9.75] 2008 135i (my old car) [7.56]	baby got BAC? sheesh
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10-18-2011, 03:17 PM	#2226
ES_TRADER Colonel 349 Rep 2,928 Posts Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC iTrader: (3) Garage List 2014 Ford Raptor [0.00] 2012 328i E92 [10.00] 2013 X5 [0.00] 2013 335i F30 [8.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [10.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	smoke this mutherfuckin bar bears
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10-19-2011, 10:51 AM	#2229
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	was looking for 1175 but only got 1185...need to clear 1230 then were headed to 1250. Last edited by mact3333; 10-19-2011 at 11:24 AM..
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10-19-2011, 02:27 PM	#2230
Javi335 Troll but nice 166 Rep 341 Posts Drives: 335i E92 Join Date: Nov 2009 Location: Returning videotapes iTrader: (0)	well, ooooh, mmm , ... pullback, its a pullback ... dont nobody worry __________________ 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.
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10-19-2011, 04:43 PM	#2231
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money! Hope everyone on here is making some good calls on this stuff! Mact how is your portfolio fairing these days? __________________
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10-20-2011, 12:12 AM	#2233
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick.......if 1175-85 doesnt hold, then I am wrong.
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10-20-2011, 11:35 AM	#2234
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Jumped into TVIX in the morning to make profit of irresolution and volatility. It's doing well for me right now, let's hope the day goes down further What are you guys holding during these times? Edit: TVIX went up as high as 11% today. Got out before it got too ugly today. __________________ Last edited by Vanity; 10-20-2011 at 02:41 PM..
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10-21-2011, 10:35 AM	#2236
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	bears sweating now...ready to throw in towel....
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10-21-2011, 01:20 PM	#2237
Vanity Private First Class 275 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	Woo, been an interesting week. Spx hitting 1230 just on the last day! Bought some more BAC yesterday when the markets were down. Sold right in the morning after that 200 point opening, and sitting comfy on the green Won't be taking a position in anything until I see what happens in Europe Sunday night! So far so good. Hope you guys ride this thing up for the last little bit before we circulate down (fingers crossed). Will be getting into some big short positions once market trend goes down. __________________
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10-24-2011, 09:59 AM	#2238
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps. 1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350. 1250 area is key...watch this area very very closely as it will define the action for next few months. Last edited by mact3333; 10-24-2011 at 10:14 AM..
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10-24-2011, 10:37 AM	#2239
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.
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10-24-2011, 12:45 PM	#2241
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.
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10-24-2011, 04:37 PM	#2243
mact3333 Captain 126 Rep 876 Posts Drives: 16' YMB/Blk F82 Join Date: Mar 2011 Location: Portland Area iTrader: (1)	look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.
	Appreciate 0 Quote