12/21/2012 Live Update

[TWT]

SPX: Only 3-wave down. Maybe something else is cooking = Triangle ?

[Daniel-David]

(EOD) Daily Chaikin Money Flow and Chaikin Osc. both closed at 2+ month highs on EWZ today, despite the down day.

[Petsamo]

In case anyone wants to add PHK to their holdings, now is probably a good time. Dividend yield is 14.0%



Disclaimer: jarbo456 labelled me as the PHK pump & dumper

leave me out of your asinine posts.

i don't want to have to ask you again.

a real chart of your recommended buy is enclosed - i think it speaks for itself.

Gee, I thought you put me on ignore.
Your recommendation to buy doesn't make my post so asinine, does it.

[wayne0708]

VIX big black bar out of BB top is not bear friendly. https://stockcharts.com/public/1684859/ ... /122111957;

Thanks Cobra...Saw that too so I unloaded all my shorts. Have a goodnite and again thanks for all the tips.

[jarbo456]

In case anyone wants to add PHK to their holdings, now is probably a good time. Dividend yield is 14.0%



Disclaimer: jarbo456 labelled me as the PHK pump & dumper

leave me out of your asinine posts.

i don't want to have to ask you again.

a real chart of your recommended buy is enclosed - i think it speaks for itself.

Gee, I thought you put me on ignore.
Your recommendation to buy doesn't make my post so asinine, does it.

my buy recommendation? lol

you buy that chart as much as you want my friend, but don't put words in my mouth, i NEVER recommended buying PHK idiot.

[jarbo456]

I went long FAS at the end of the day.

Pure play on an xmas rally.

Entered long 50k of FAS at 120.

8% stop loss around 110, target of 135 for 12.5% gain.

not a great risk/reward setup, so it's not highly recommended, but i think it's worth taking a small punt on the end of the year wrapping up nicely.

Hope everyone has a great weekend and xmas if you're not around for the half day Monday.

I'm rooting for you!!
I've been long FAS Jan 100s with a 137 target...

when did you buy that? seems like a good short term position, especially if you bought it in the past few days (maybe not yesterday per se).

[jarbo456]

Jarbo: "Entered long 50k of FAS at 120" --why FAS if I may ask, rather than a broad index such as IWM, MDY or a total market etf?

leverage, leverage, leverage.

besides that, pure "feel". it's not a systematic buy here - it's pure TA look and feel, coupled with end of the year rally expectations, coupled with previous experience watching financials get the squeeze.

i'm not really a short term trader, this is really for "play money" over xmas. i'm already positioned about 85% long, which i'll trim if i see any topping action over the next 2-3 weeks.

[jdow]

Everything is looking good after hours. I commented on IWM leading the market earlier and bought Jan options into the close. IWM down .4% while others down ~ 1% today.

Merrry Christmas!

Jarbo: "Entered long 50k of FAS at 120" --why FAS if I may ask, rather than a broad index such as IWM, MDY or a total market etf?

leverage, leverage, leverage.

besides that, pure "feel". it's not a systematic buy here - it's pure TA look and feel, coupled with end of the year rally expectations, coupled with previous experience watching financials get the squeeze.

i'm not really a short term trader, this is really for "play money" over xmas. i'm already positioned about 85% long, which i'll trim if i see any topping action over the next 2-3 weeks.