11/27/2012 Live Update

[Petsamo]

Da bears have no backbone here. SPY came close to threatening yesterday's low. IWM had no interest at all.

[Al_Dente]

Unreal
Wussie bears b covering
Adv = 1500
Dec = 1400
What else can u expect but CHOP
[edit: it's just a flag up to 5min 20, 50 ma and vwap until further notice............. nonetheless

I'm still short. I hope I didn't miss my exit.

Flag should fail IMHO……..but bears are big, fat wussies and can keep on covering…….

[L_T]

Unreal
Wussie bears b covering
Adv = 1500
Dec = 1400
What else can u expect but CHOP
[edit: it's just a flag up to 5min 20, 50 ma and vwap until further notice............. nonetheless

I'm still short. I hope I didn't miss my exit.

If we can stay down I'm thinking of adding to my shorts.

[KENA]

!!!POWER HOUR!!!!

That is possible..We have another "U" forming into the close.

[Cobra]

rebound sharply from support, I'm neutral here, no comment.

[pezhead9000]

Yahooooo - sell signal...
11/26/12
Goldman Sachs adds Yahoo to conviction buy list
NEW YORK (MarketWatch) -- Goldman Sachs on Monday added Yahoo Inc. to its conviction buy list and raised its price target to $24 a share from $22. "With capital allocation actions serving as a catalyst to drive a revaluation on the stock, we believe the value of Yahoo's balance sheet assets and the core business are worth more than the current stock price," analysts at Goldman Sachs said. Analysts added they have "less pessimistic expectations" for Yahoo's core search business. Yahoo has repurchased 54.4 million shares in 2012 for $858 million, including $212 million in the fourth quarter, analysts noted. About 77% of the capital committed to Yahoo's planned Alibaba stock buyback still remains, analysts noted. Yahoo shares rose 2% in premarket trades

[daytradingES]

no fill on short trade - having breakfast.
missed this low as well ..
will leave order and go watch a trading video..
(sim - NTA)

[skittlesmds]

Unreal
Wussie bears b covering
Adv = 1500
Dec = 1400
What else can u expect but CHOP
[edit: it's just a flag up to 5min 20, 50 ma and vwap until further notice............. nonetheless

I'm still short. I hope I didn't miss my exit.

Flag should fail IMHO……..but bears are big, fat wussies and can keep on covering…….

Here are the bears in this market.

[Al_Dente]

Big fat wussie bear: http://www.youtube.com/watch?v=Q0xYP9aF ... re=related

[toddymc]

Backtest So Far...

ES Chart for comparison...

[KeiZai]

Damn I missed the breakout, was too busy with choppy market last time it was nice run, not tading advice u know


FSLR


breakout (probably from wave 2 or B)

squeeze again

[TraderJoe]

FOR FUN - QUIZ TIME: How Many Of These 12 Charts Can You Identify?
Who is the brain here???

http://www.businessinsider.com/chart-quiz-2012-11

[Petsamo]

Anyone notice IWM is at resistance ?

[Al_Dente]

This is soooooooo fail
Only thing that can save this market is an Elvis sighting
Or short-covering wuss

A/D at 50/50 means that anything can happen……

[fehro]

Anyone notice IWM is at resistance ?

Tagging the underside of a H&S neckline.

[Petsamo]

My spreadsheet's calling for a small gap down tomorrow if we finish at current levels

[KaZoom]

Damn I missed the breakout, was too busy with choppy market last time it was nice run, not tading advice u know

FSLR on pitchfork target:

http://stockcharts.com/h-sc/ui?s=FSLR&p ... &cmd=print

[skittlesmds]

I would like to cover at 1394 on ES. C'mon bears.

[fehro]

a bit of a stretch at this point.. but there it is.

[TraderJoe]

Damn I missed the breakout, was too busy with choppy market last time it was nice run, not tading advice u know

FSLR on pitchfork target:

http://stockcharts.com/h-sc/ui?s=FSLR&p ... &cmd=print

First Solar (FSLR) is ripping here. See my notes on this as we discussed yesterday. However, just be careful here getting long. The biggest trade in the option market today is actually a bearish bet. Trader sold 3,000 Jan 27 calls to finance 3,000 Jan 24 puts. The bearish risk reversal went off for 19 cents net credit.

The chart clearly looks like it is breaking out, but option activity is bearish out in January. Be careful if playing long here.