Short term trades in the stock market •$$$$$•

[Madrus Rose]

RAX gapped but faded from $47 , no one's looking gift hrses in the mouth with such pops up near former all time highs & taking profits , FOSL got put back in its place after that squeeze yest ...also SODA gapped & sold back down .

Some get sold off eary like RL (Ralph Lauren) this am on earnings then bounce ferociously too , that was down to $142 in the am bouncing back 10pts later in the day to almost 153 , you just have to know your stocks and some trade like this where funds step in for cheap shrs .

PCLN $570put yesterday @ 0.70 hit $16.75 today so $75 made you $16,500

MNST got hit tonight down -14pt at one point after hours to $54 but bounced nicely back up to $62 as well , 500shrs netted $4,000 in just 15mins in the after market buying that dip .

 

[bs0]

Had biggest hit of the year today... Into pphm @ 1.90 this morning, out @ 2.40 late afternoon... Thank you, ameritrade stock finder.

 

[Madrus Rose]

AAPL & GOOG propping the shop here wow on this $18 pop on GOOG it is an election coming up & that benefits search tremendously but fades on SPY still working though for $1 scalps in this tight channel 4 times in a row

Here's a webinar on options that might be helpful coming up , someone just posted it , could be useful info & free i think for this coming thurs

"Find out how MMassassin helped Stockguy22 make over $120k on AAPL SPY options in 3 weeks " lol ...it can be done !
https://www1.gotomeeting.com/register/853140576

MLNX riding herd on that got too toppy near 115 last week , what winner that was
CF fade from 215 worked from last week
MNST crushed back down from 64 R

Is this the top here or could they tag 1420, well fades worked 4 times so far SPY=141

 

[SpasticGramps]

No One Will Charged With a Crime for the MF Global Collapse

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Iran and China and harsher on their bankers who rape the proles than we are.

Thank god we live in a lawless society based on Marxist Fascism where the top elite get to eat the lower classes without consequence.

Not only is no one going to go to jail over this or LIBOR or mortgage fraud or on and on and on, but Corzine may be starting another hedgefund imminently. I'm definetley going to put my money in there!!!!

At so the lawlessness and thievery continue with a wink and nod from the "justice system" and in doing so confidence in the financial markets continues to evaporate as both professional investors and the retail sheep come to understand that the inmates are running the asylum and burning it down.

 

[SpasticGramps]

Tick Tock Tick Tock.

Finland prepares for break-up of eurozone

The Nordic state is battening down the hatches for a full-blown currency crisis as tensions in the eurozone mount and has said it will not tolerate further bail-out creep or fiscal union by stealth.

“We have to face openly the possibility of a euro-break up,” said Erkki Tuomioja, the country’s veteran foreign minister and a member of the Social Democratic Party, one of six that make up the country’s coalition government.

“It is not something that anybody — even the True Finns [eurosceptic party] — are advocating in Finland, let alone the government. But we have to be prepared,” he told The Daily Telegraph.

“Our officials, like everybody else and like every general staff, have some sort of operational plan for any eventuality.”

Mr Tuomioja’s intervention is the bluntest warning to date by a senior eurozone minister. As he discussed the crisis, the minister had a copy of the Economist on his desk. It had a picture of Angela Merkel, the German Chancellor, reading a fictitious report entitled “How to break up the euro”, with a caption: “Tempted, Angela?”

“This is what people are thinking about everywhere,” said Mr Tuomioja. “But there is a consensus that a eurozone break-up would cost more in the short-run or medium-run than managing the crisis.

Unfortunately the crisis is unmanageable. All we have is the clowns running the show, who got everyone into the crisis to begin with, trying to "manage" our way out of it.

By "manage" they are talking about kicking the can and trying to prevent the inevitable.

Good luck Euro Technocrat dictators. You will need it.

 

[SpasticGramps]

Well.... the European puppet politicians are back from being pampered in their private palaces during this fantastically hot summer vacation period. And despite all the chumming, sailing, sunning, drinking, hookers, and cocaine the stark reality remains as they wobble back to their useless offices. Europe's economic meltdown is metastasizing into a political crisis.

"The Euro Crisis May Last 20 Years" - The European Headlines Are Back

 

[Dudesome]

Iteresting, Gramps! cheers!

 

[Madrus Rose]

SPY hit RSI 70 today @ $143 , then the pullback came in right on Q ...PCLN fade at $600 (after terfffic bounce) GOOG had hit a wall at 678 , and AAPL pulled back 20pts .

BIDU after getting so happy last week running up to $135 , dropped like a stone today on fears from QIHU starting up their own search engine & beat earnings
http://news.investors.com/article/6...h-youku-todou-deal-done.htm?ven=yahoocp,yahoo

Thing is BIDU even on that rise last week , there were just tons of big blocks dumping into that romp up to $135 , it was purely overbought there & would have pulled back anyways but got hit early & taken all the way down to $123's .

AAPL if you noted intraday yesterday saw a quick 5pt dump that usually is a hint nearing the top , CCI indicator on the daily chart showed "3waves" up which usually signals a top in & proftaking imminent . 20pt fall from open , the SPY hit R at 143 and everyone knew it was too good to last .

 

[Madrus Rose]

XOM had already started to pull back too , always a flag , though they got a pretty good back-to-school rally in .

 

[yesum]

Madrus I went short the s and p this week, so you are saying this was right play? I work off of instinct no charts.

You think I should go all in? I have half of my trading capitol short right now. Do you think this pullback will go for a bit or just a week? All guessed I realize but yours are more informed than most.

 

[bs0]

SPY hit RSI 70 today @ $143 , then the pullback came in right on Q ...PCLN fade at $600 (after terfffic bounce) GOOG had hit a wall at 678 , and AAPL pulled back 20pts .

BIDU after getting so happy last week running up to $135 , dropped like a stone today on fears from QIHU starting up their own search engine & beat earnings
http://news.investors.com/article/6...h-youku-todou-deal-done.htm?ven=yahoocp,yahoo

Thing is BIDU even on that rise last week , there were just tons of big blocks dumping into that romp up to $135 , it was purely overbought there & would have pulled back anyways but got hit early & taken all the way down to $123's .

AAPL if you noted intraday yesterday saw a quick 5pt dump that usually is a hint nearing the top , CCI indicator on the daily chart showed "3waves" up which usually signals a top in & proftaking imminent . 20pt fall from open , the SPY hit R at 143 and everyone knew it was too good to last .

That silly bidu move provided some solid option moves. Insta-drop 10% with a fast (most) recovery.. Love making news-related moves that don't change a company's fundamentals.

 

[opiumo]

Well.... the European puppet politicians are back from being pampered in their private palaces during this fantastically hot summer vacation period. And despite all the chumming, sailing, sunning, drinking, hookers, and cocaine the stark reality remains as they wobble back to their useless offices. Europe's economic meltdown is metastasizing into a political crisis.

Correction: Southern-Europe, lets not talk condescending about us Northen folks shall we.

 

[SpasticGramps]

Northern Europe is definitely in a hell of a lot better shape than the insolvent South. I wonder how long the north will keep bailing out the south? If you keep bailing out a deadbeat then eventually you become the deadbeat.

It's what's happening over here too so........it's a global deal.

 

[Madrus Rose]

That silly bidu move provided some solid option moves. Insta-drop 10% with a fast (most) recovery.. Love making news-related moves that don't change a company's fundamentals.

BIDU sure had alot more further down to go tagging $110.50 on terriffic selling raid fro $120 on my last post , with balls of steel dipping there recieved a dead cat bounce to 115 , now wiggling & trying to bounce again fri from same 110.50 pivot .

Think we are seeing the beginning of bears sharpening their claws with market up 6% but all the same woes of slowing GDP, jobs & higher oil , this market looks to retrace to 137's & full monty to 135 . That tag to $143 & 70RSi was routine , now the resistance is at $141.80 .

* SPY ...that last 1 minute candle on friday dumped 7 million shares, or $990,000,000 worth of $SPY and was the largest 1 minute selling volume in 5 months. Not what one would say as looking bullish ?

If you've been fading Facebook since above $20 , your very much in the money for this thing int worth more than $30Bil or $15/shr

 

[yesum]

I think the fed tried to pump things friday and this will carry thru this week for a bounce. After that though, probably down some more.

What you think Madrus?

 

[SpasticGramps]

So remember the bank run that started a little while ago in Spain. Well, it's turning into panic.....

The ice cube continues to meltdown closer and closer to the core.

Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain CNBC

After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks.

“The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.”

Mr. Vildosola is among many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its former currency, the peseta. That dire outcome is still considered a long shot, even if Spain might eventually require a Greek-style bailout. But there is no doubt that many of those in a position to do so are taking their money — and in some cases themselves — out of Spain.

 

[OreoGrows]

I work off of instinct no chart.

you sir have some balls. im a slave to charts

 

[opiumo]

Northern Europe is definitely in a hell of a lot better shape than the insolvent South. I wonder how long the north will keep bailing out the south? If you keep bailing out a deadbeat then eventually you become the deadbeat.

It's what's happening over here too so........it's a global deal.

Really do not know, somebody is gonna have to talk em' down in brussels but i bet that wont happen. What we should have is an alliance between Denmark, Sweden, Norway & Finland as to make our voice weight atleast something.

 

[yesum]

you sir have some balls. im a slave to charts

Or I have a lack of brains. I can not figure this market with a chart, at least for as long as I have tried. Not long really.

Anyways, since no one here has had any good info whether to go long or short the general market, I went long this week following? Something?

Gut is smart enough for now. I do not feel good saying what I feel will come for the market, as it is just a 'feeling'. That is to say telling what someone else what they should do.

Will keep reporting my position for as long as it is profitable. Been on a roll for about 2 months now.

 

[SpasticGramps]

Markets are soaring on the news that the ECB is going to outright monetize short term bonds for Spain, Italy, and the rest of the insolvent eurozone. I think this program is called OMP or something. Same thing as LTRO1 and LTRO2 that didn't work except this is permanent monetization. I'm sure the Germans and Nordic countries are thrilled that their currency is on the road to worthlessness in order to prop up bankrupt countries for a few more months/years.

This will work for a while and then it won't just like all the other monetizations. The only option left for them after this fails is to monetize long term bonds and after that fails then.............. there will be no other options.

Jobs report was pretty shitty this morning so this is good news. Market should rally higher given that the shittier the economy the more likely the FED is to QE3.

Let's repeat that. In this rigged market good new is ok, bad news is better. Yeah....this is going to all end well.