Stock market tips and experiences

[turbosc297]

Originally Posted by Chowbow

Wouldn't that be.... $12/year?

It's 12 per year for the standard quality with commercials after you use the free 40hrs per month.
You pay $36 for a higher bit rate and no ads.

[mact3333]

This thread is meant for stock mkt trading based on technicals and other rational theories....not meant for blindly making recommendations based on air...we will all be right and wrong, but here lets at least have a reason why we think the way we do.

I posted this chart 1-2 wks ago and this was one of the reasons a long position was reasonable at the time.

the % of SPX stocks trading below the 50 day moving avg can sniff out bottoms...every time it goes below 30% usually marks a bottom...also need to watch blow off tops in the VIX(watch if its trading above 2 standard deviations above the mean).

I usually post on trading boards but since I spend alot of time on here, I will start a thread here.

http://screencast.com/t/3kiho4tgNrw

[NYCGP]

[mact3333]

watch for VIX blowoffs to form bottom on SPX

http://screencast.com/t/0Mz0wvp6OP

[MrRoboto]

Originally Posted by turbosc297

Pandora is free for the first 40hrs per month. After that it's $1.00 for the remainder of the month, or $36.00 per YEAR

I stand corrected.

The other thing I dont like about pandora is that it is only available in the US.

[AngelinIsRich08]

RIMM up 7.8%! Siri up 5%.

[AngelinIsRich08]

This might be only a bear rally I'm afraid. I think there's just more buyers than sellers today. Plus there's all that EU uncertainty.

[mact3333]

Charts saying Greek PM will keep his job...Greek bailout will buy time...Bernanke gonna say economy weak tomorrow and open slight window for QE3...mkts ready to bounce...buy indicators coming in...hehe love talking to myself....

[wuzupfoo]

Im not a super technician though I watch for certain patterns, pivot points and such but either way I'll play!

im watchin for the test of the 1300, since we got a local bottom at 1250. I was fully expecting the bounce off of 1250, now the question is can it reverse the short run trend of making lower highs?

Im pulling back longs in my main portfolio have been since the 1350 high was set and goin cash for now. Too much headline risk though I was very tempted to play the bounce off 1250, now its too late and we're already at resistance. Action over the next couple days will determine if this market can breakout.. at which point I will continue to liquidate main portfolio (ie. for investing) into rallies and look for a put opportunity in my speculative option account.

Obviously my bias short run is for falling prices overall until the market proves otherwise so im looking for a strong rally ultimately to fail at the 1350 high set earlier this year then falling rapidly then leading to QE3. And if Im wrong and it goes beyond 1350 and rally looks like it has legs, well its risk on again

now back to work! haha

[stylinexpat]

Originally Posted by AngelinIsRich08

RIMM up 7.8%! Siri up 5%.

I remember just recently when Siri was under $1. Boy that stock has come a long ways. It does not really have any competition so it should see growth.

[mact3333]

I think we rally for next week or two....looking for ES target of 1320...we either pull back at at this level but if mkts accept prices above this level we will rally for rest of yr and make new all time highs in the mkts.


http://screencast.com/t/XZn5GHfM1nse

Originally Posted by wuzupfoo

Im not a super technician though I watch for certain patterns, pivot points and such but either way I'll play!

im watchin for the test of the 1300, since we got a local bottom at 1250. I was fully expecting the bounce off of 1250, now the question is can it reverse the short run trend of making lower highs?

Im pulling back longs in my main portfolio have been since the 1350 high was set and goin cash for now. Too much headline risk though I was very tempted to play the bounce off 1250, now its too late and we're already at resistance. Action over the next couple days will determine if this market can breakout.. at which point I will continue to liquidate main portfolio (ie. for investing) into rallies and look for a put opportunity in my speculative option account.

Obviously my bias short run is for falling prices overall until the market proves otherwise so im looking for a strong rally ultimately to fail at the 1350 high set earlier this year then falling rapidly then leading to QE3. And if Im wrong and it goes beyond 1350 and rally looks like it has legs, well its risk on again

now back to work! haha

[wuzupfoo]

Originally Posted by mact3333

I think we rally for next week or two....looking for ES target of 1320...we either pull back at at this level but if mkts accept prices above this level we will rally for rest of yr and make new all time highs in the mkts.


http://screencast.com/t/XZn5GHfM1nse

agreed.. sorry was not looking at my charts at work so I was quoting roundabout numbers from memory of my charts.. I think we are pretty much in agreement. It can be a good thing to get verification from someone else but I would love to see someone disagree... you only learn when someone questions your thought process... but I dont think we are gonna get that here..

[mact3333]

Originally Posted by wuzupfoo

agreed.. sorry was not looking at my charts at work so I was quoting roundabout numbers from memory of my charts.. I think we are pretty much in agreement. It can be a good thing to get verification from someone else but I would love to see someone disagree... you only learn when someone questions your thought process... but I dont think we are gonna get that here..

Bernanke disappointed so all bets off...mkts can go either way now...we needed a sniff of QE3 and didnt get it...

[AngelinIsRich08]

No QE3 and SLV has not budged. WTF????? I thought owning SLV ETF's would offset my other losses. Guess not.

[AngelinIsRich08]

So no QE3 and SLV is unhinged by the news. It's down like 3 cents at the moment. What the hell.

[wuzupfoo]

No QE3 hint is precisely why its going nowhere. Commodities are a poor hedge when overall economy is about to tank.. slv is better for when things are heating up, inflation wise, with deflationary head winds coming precious metals are not the ideal hedge.. but wait till QE3 ... it will take off!

[mact3333]

Originally Posted by AngelinIsRich08

No QE3 and SLV has not budged. WTF????? I thought owning SLV ETF's would offset my other losses. Guess not.

Metals and the general mkts move the same way...QE means weak dollar...weak dollar means hidden inflation , which ultimately means asset prices must go up, including metals....so no QE3 means strong dollar(look at the USD today up big) which means the metals will get crushed along with the general mkts.

If you want to hedge long positions, either buy deep in the money SPY puts or ZSL, which is a double inverse short silver etf.

[ghosthi32]

not you again

[mact3333]

Originally Posted by ghosthi32

not you again

Chickar Meekhani my friend....

This board for actual traders so GTFO!...just kiddin ya....

Stay but if you do, please try to contribute something other than sracasm...

[ghosthi32]

Originally Posted by mact3333

Chickar Meekhani my friend....

divooneh

[AngelinIsRich08]

AAPL

[AngelinIsRich08]

Originally Posted by AngelinIsRich08

AAPL