02/05/2014 Live Update

[wayne0708]

Long 5,000 shares of TZA at 19.86 with a stop at 19.32.

got stopped out?

No, just went long. It hasn't hit 19.32 all day.
I am using Ichimoku cloud as stop.

BTW, TZA is the inverse (3x) Russell 2000.

Good luck to you. btw. what made you long tza today, i would wait a coupple day for retracement to b over, JMO.

[MrMiyagi]

iwm

[Al_Dente]

Al, nice song, but it's a sad song...

not sad 2 me boss, I like old
OLD is good
one 4 u:
http://www.youtube.com/watch?v=Wl8fKAYQuPk

[Out of Bounds]

Closed short just after close 174.98

[Nrsimha]

Long 5,000 shares of TZA at 19.86 with a stop at 19.32.

got stopped out?

No, just went long. It hasn't hit 19.32 all day.
I am using Ichimoku cloud as stop.

BTW, TZA is the inverse (3x) Russell 2000.

Good luck to you. btw. what made you long tza today, i would wait a coupple day for retracement to b over, JMO.

It crossed through its Ichimoku cloud (came out of the cloud to above the cloud, then retested.)

[johnnywa]

Don't squeeze his man boobs

[Nrsimha]

Shorting some SSYS too.

[TWT]

$SPX: The wave (c) of an Expanded Flat could reach 1769 +/-

[gappy]

Capture.PNG

Hmmm......http://www.washingtonpost.com/business/ ... story.html

[xfradnex]

[DellGriffith]

Big picture time.

Looking at the weekly SPY chart. Without a major rally thurs/fri, SPY will post its 4th consecutive red candle. It has not done that since January 2010.

It is VERY difficult for SPY to have a run of red candles longer than 4. In fact, all such runs (except the very first) occurred during bear markets.

1. 6 red candles in june/july 2008 during the credit crisis. (up for 5 candles)
2. 5 red candles in may/june 2002 during the dotcom bust. (kept falling for 5 candles)
3. 5 red candles in mar/apr 2002 during the dotcom bust. (kept falling for 16 candles)
4. 5 red candles in jan/feb 2001 during the dotcom bust. (kept falling for 3 candles)
5. 6 red candles in sept/oct 2000 during the dotcom bust. (higher for 3 candles then fell more)
6. 5 red candles in mar/apr 1997 during an economic boom. (ripped higher for 16 candles)

The weekly SPY chart has never seen more than 6 consecutive red candles.

[DumbMoney]

Big picture time.

Looking at the weekly SPY chart. Without a major rally thurs/fri, SPY will post its 4th consecutive red candle. It has not done that since January 2010.

It is VERY difficult for SPY to have a run of red candles longer than 4. In fact, all such runs (except the very first) occurred during bear markets.

1. 6 red candles in june/july 2008 during the credit crisis. (up for 5 candles)
2. 5 red candles in may/june 2002 during the dotcom bust. (kept falling for 5 candles)
3. 5 red candles in mar/apr 2002 during the dotcom bust. (kept falling for 16 candles)
4. 5 red candles in jan/feb 2001 during the dotcom bust. (kept falling for 3 candles)
5. 6 red candles in sept/oct 2000 during the dotcom bust. (higher for 3 candles then fell more)
6. 5 red candles in mar/apr 1997 during an economic boom. (ripped higher for 16 candles)

The weekly SPY chart has never seen more than 6 consecutive red candles.

good

[TWT]

$FDAX_F : I would be surprised if price has concluded the corrective EWP

[koolblue]

here we go?

[koolblue]

Preopening scalp..

[koolblue]

wow..stopped out at 47 on the ecb rate decision? Rentered on the rebound 1748.00.

[koolblue]

wow..stopped out at 47 on the ecb rate decision? Rentered on the rebound 1748.00.

covering half at 1751.00 AND KEEPING A runner with breakeven stop now

[koolblue]

covered 1753.00 for a great scalp..could have held for 1755.75 but we're into the upper bands short term

[champix]

Dax is currently up +0.75%... but it seems that we had a flash crash and nobody cares...
(-190 points / -2% down and recovers in 1 minute !!!!)

[KeiZai]

SPX rectangle waiting for BO or BD

could be an ascending triangle so BO is more likely