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

[RetroGrow]

The European talking heads will be moving the markets next week, IMO. If they say the wrong thing this weekend, market goes down. Bank holiday in US on Monday, so will be a slow day.
Anyone mess around with UVXY. It's a crazy ETF that has dropped from $2500 a share to 28, and that's after a 10-1 reverse split.
Very strange goings on there. Almost a license to steal, as price continues to erode, as if by plan. Don't know how they get away with it. They put out an ETF, price it at $2500 per share, and short it down to $2 and change, split adjusted. Short any pops there though if you can. It 'pops" when the market goes down.

 

[Nondual]

AAPL hit & sold off from the same right shoulder of possible H&S pattern developing with 680/75 & promptly sold off as did everything else they ran up as SPY tagged double top @ 147 in the am for the easy fade again .

Samsung announced last night that YOY sales doubled blowing away estimates & analysts thought mainly due to sales of Galaxy III...for Apple not exactly music to the fanboy's ears

I think AAPL's decline has more to do with general market conditions at this point, or at least what's developing and AAPL is leading a bit, yet I hear what you're saying. I called, to myself, the nice pop in precious metal stocks Thursday and felt it would carry over to Friday though. The gains not holding on Friday not a great sign for me.

AAPL's 'fail' at it's 50MA on volume does not bode well for the market and expect more weakness in the short term. You had that short term, at least bearish 10/20MA crossover then it's now down 10MA acted as immediate resistance. It was AAPL's first 10/20 crossover since breaking out. We'll see what happens. It's also the first test of it's 50MA after it's earlier breakout. Not acting like you'd like to see at this point. At the least some people banking profits.

 

[Stonefree69]

IDK, look what APPL or Apple did in late April and May. There's a long way down. When they won the suit against Samsung August 24th the market didn't react much after the good news. Almost a sure sign of topping out. The current downtrend also broke where it was Aug 24.

Now more bad news about the iPhone 5 and camera's purple flaring problem. LOL Comments like "You're holding it wrong" or "Your pointing it wrong". My comment is "You bought the wrong phone!".

 

[Nondual]

IDK, look what APPL or Apple did in late April and May. There's a long way down. When they won the suit against Samsung August 24th the market didn't react much after the good news. Almost a sure sign of topping out. The current downtrend also broke where it was Aug 24.

Now more bad news about the iPhone 5 and camera's purple flaring problem. LOL Comments like "You're holding it wrong" or "Your pointing it wrong". My comment is "You bought the wrong phone!".

I think the next stop, if the general market continues it's current correction, for AAPL will be about 620. For sure AAPL will hit 'OVERSOLD' before it gets to 620 on a daily chart. Still though at this point AAPL 620 may very well be it's next stop. I'm more apt to short AAPL on any pop here. Look at an AAPL weekly chart and more like 550. In a real nasty correction AAPL at 400. AAPL is extended on weekly charts.

 

[Stonefree69]

Thanks Nondual. Also if APPL is going down on a big volume that could be another sign to where it's headed.

 

[Madrus Rose]

Those CMG 285 options sold for as little as 7c ran up to nearly $7 after getting Einhorned & Taco Bell'ed . Huge play going up till hitting ressitance at $345, then just as huge going down .

ISRG hit that trip top R again at $520 selling off promptly from there friday after clawing its way back up again from 491 test .

 

[Madrus Rose]

this stock REGN has been so strong in the biotechs & RL is one great trader in the retails about the only two i put on watch in respective sectors . GOLD is the trader that mirrors gold prices the best , see if AAPL holds this retest again & bounces , channeling into earnings .

GOOG shortable only a couple of times from 760 then popped higher again , earnings assured in an election year with searches always up 12% .

 

[Madrus Rose]

Jim Cramer’s “Game Plan” for the week of Monday, Oct. 8.


CNBC
MONDAY, OCT. 8

For Cramer, the week will begin with a look at German industrial production. On Monday, the Economy Ministry in Berlin will release its industrial output data for August.

“Nobody wants to see weak numbers. They mean economic pain and job loss,” Cramer said. “But the European cooperation [on the region’s sovereign debt crisis] began when pathetic data from poorer countries caught up with the richer countries and they realized that they aren't immune to the crisis.”

In other words, Cramer suggested that weak industrial production data from Germany means the country is more likely to solve Europe’s debt woes in a timely fashion.

TUESDAY, OCT. 9


Getty Images
Aluminum maker Alcoa [AA 9.09 0.02 (+0.22%) ] will kick off the third-quarter earnings season when it reports after Tuesday’s closing bell.

“While the company’s operating surprisingly well, earnings will be hurt by a glut of high cost Chinese aluminum,” Cramer said. “The Chinese don’t want to shut down their dirty, polluting, expensive plants because it would involve huge layoffs. But they sell aluminum well below cost and it kills all of the other producers.”

Nevertheless, Cramer noted Alcoa sells into “some very hot markets,” such as the aerospace and automobile industries. It also sells to the construction industry, which has been struggling.

“So without big construction and with huge exposure to the sagging European market, as well as the awful Chinese market, Alcoa’s going to be hard pressed to get to the mid-teens, where I think it would be if China weren’t producing 5 million more tons of aluminum than it needs,” Cramer said.

(Read More: Alcoa's Third-Quarter Profit Expected to Fall.)




Speaking of earnings, restaurant operator Yum! Brands [YUM 66.00 -0.47 (-0.71%) ] will also deliver its quarterly results Tuesday.

Yum! operates the Kentucky Fried Chicken restaurant chain, which Cramer noted does a sizable amount of business in China. Being as China’s economy has slowed, he worries KFC might not have sold that much chicken. Still, he still likes the stock in the low $60s.

(See: Yum's China Performance Watched.)

Meanwhile, Federal Express [FDX 86.47 -0.06 (-0.07%) ] will hold an analyst meeting on Tuesday and Wednesday. Cramer thinks the package delivery company might actually have something positive to say, but didn’t specify what it might be.

(Related: FedEx Says Economy Is Worsening, Cuts Outlook.)

“We have plenty of negative analyst commentary going into [the meeting], so even some tepidly positive projections could be welcomed warmly,” Cramer said.

WEDNESDAY, OCT. 10


Costco Wholesale Co...(COST)
101.79 0.31 (+0.31%%)
NASDAQ

Discount retailer Costco Wholesale [COST 101.79 0.31 (+0.31%) ] is scheduled to announce earnings before Wednesday’s opening bell.

The Issaquah, Wash.-based company recently reported better-than-expected September sales at stores open at least a year, helped by higher gasoline prices and stronger dollar. Its same-store sales rose by 6 percent while some analysts expected an increase of 5.7 percent, including the impact of fuel prices, according to published reports.

“Those terrific September numbers … got me thinking that I am too negative about this stock,” Cramer said. “But if there’s one point I must never stop driving home, it’s that owning expensive stocks is risky.”

In turn, Cramer recommended investors to be cautious with Costco’s stock and consider taking profits.

THURSDAY, OCT. 11


Eric Risberg / AP
Grocer Safeway [SWY 16.16 -0.19 (-1.16%) ] will report earnings on Thursday. To Cramer, this food store’s stock is a “falling knife.”

“So many people have tried to call the bottom in this stock and all they have is thousands of shopping cart wheel ruts on their backs,” Cramer said. “I’m thinking that Safeway will one day be like the checkout line — ten points or less.”

When it comes to grocery store stocks, Cramer noted that he prefers Whole Foods Market [WFM 101.19 1.66 (+1.67%) ].

After Thursday’s closing bell, Cramer will look for earnings results from JB Hunt Transport Services [JBHT 55.20 0.94 (+1.73%) ].

“JB Hunt can move the transport index and the transport index can move the overall market by confirming any advance,” Cramer said, adding that unlike FedEx or United Parcel Service [UPS 73.10 0.13 (+0.18%) ], the U.S.-based trucker isn't as greatly impacted by economic slowdowns in Asia or Europe.

FRIDAY, OCT. 12



JPMorgan Chase [JPM 41.71 -0.11 (-0.26%) ], which Cramer currently considers one of the best international banks, will report earnings Friday. Cramer has been critical of CEO Jamie Dimon lately, but still thinks the bank could report an “astonishing number.” Its stock has made a huge move higher lately, too, so Cramer recommends investors consider taking profits.

Speaking of banks, Well Fargo [WFC 35.84 -0.13 (-0.36%) ] will also announce earnings Friday. In Cramer’s opinion, Wells Fargo is one of the best domestic banks right now.

“This stock has done nothing of late,” Cramer said. “I think it can gallop on the strong number that I’m expecting.”


—Reuters contributed to this report

When this story was published, Cramer's charitable trust owned JPMorgan Chase and Wells Fargo.

@MadMoneyOnCNBC on Twitter

"Mad Money" on Facebook

Call Cramer: 1-800-743-CNBC

 

[Stonefree69]

For Cramer, the week will begin with a look at German industrial production. On Monday, the Economy Ministry in Berlin will release its industrial output data for August.

Is that Cosmo Cramer? Heard he sold out Kramerica. Just kidding. Maybe he's a contraian... I've seen so many people lose money w/experts including myself. Contraians make the trade when 80% or more of the experts say buy or sell and do the opposite.

That's why I like trading systems/programs that you backtest, people tend to graduate to them in the end but not always foolproof. I'm also right most of the time if I'm not trading real money.

 

[SpasticGramps]

Before Cramer looks at anything this week he'll have to get out from underneath Jamie Dimon's desk or maybe he's under Blankfein's? He's got his lips on one of their peckers. I guarantee it.

 

[yesum]

Cramer is a amusing, smart guy, but if I followed his advice.... If I need help understanding a stock or the market, he is the best.

His forecasts leave a bit to be desired though.

 

[Madrus Rose]

Cramer is a amusing, smart guy, but if I followed his advice.... If I need help understanding a stock or the market, he is the best. His forecasts leave a bit to be desired though.

Every week Jim gives a roadmap to the upcoming week's earnings & events, the pros are always looking out as far as they can to econ event , fed speak dates & big reports so its a good reminder . After NSC's dismal guidance still got a good bounce along with UNP , they always seem to come back in and buy the rails . WLT in the coals got some life off the reset low , not a coal energy play but coking coal for steel.

But the real trade was CMG short then bounce off the double bottom retest @ $277 and AAPL continuation short , especially after Samsung annouced total blowout earnings on Galaxy sales last thurs nite , Iphone5 being a disappointing bust only hitting 1/2 the mark . Here comes that 620 test of support for AAPL ...

 

[Madrus Rose]

Cramer is a amusing, smart guy, but if I followed his advice.... If I need help understanding a stock or the market, he is the best.

His forecasts leave a bit to be desired though.

Oh ,
Those NFLX call options from last monday/weds around $55 , only $1000 worth of those would have netted $70k on todays continuation squeeze, why sometimes options are the way to go ,( same thing for CMG puts ). At $55 NetFlix was really coming even into Buy Out territory at $3Bil market cap , seems their expansion initiatives are working somewhat but still not making any $$$ but who cares, they just bid it up & up .

Looks like they're holding the JPM WFC trades up for friday's reports , JPM sure does look overbought , prolly a short any pop and prone to proftaking if Jaimie Dimon gets one from here .

If short the SPY from 147 double top last friday still doesnt look like reason to cover market still overbought & they know it .

 

[Nondual]

AAPL came pretty darn close to 620. BIDU is interesting and keeps getting talked down cause of QIHU. Still though QIHU not doing much yet holding up really well in this down market. Down volume really drying up on this current little pullback. Hard to go long something though with the market breaking down and the correction is gaining some steam. Would be nice to see the market get pounded and QIHU hold up. NASDAQ violating it's 50MA pretty hard.

 

[Nondual]

While it wasn't happening before it is now with a lot of the 'important' stocks selling off today. I'm guessing NASDAQ around 3000 before this slows down or stops. Some oil stocks getting nice bumps today. Would be nice to see precious metal stocks pull back more. If Romney gets elected he'll, supposedly, unwind QE to infinity. Would be interesting to see how his win would affect commodity stocks. Also with the removal of significant stimulus wondering how the market in general would like that.

 

[Stonefree69]

AAPL came pretty darn close to 620.

Wow, that's a pretty big drop. I could buy now or throw money out my car window on the highway. If I did buy it would be on a day trading strategy. Hoping for it to bounce back for the end of month though would be like hoping my money would fly back into my car w/interest.

 

[Nondual]

The 'rally' isn't under pressure...today was the nail in the coffin for the rally. The NASDAQ pierced it's 50MA on volume. It's first touch on it's 50MA was a fail. The chart will look like AAPL soon enough. That's just a guess though.

 

[Stonefree69]

Ouch! NASDAQ closed at bottom. Could test late Aug-early Sept levels. Buyers should only look at day trading possibilities if oversold.

 

[yesum]

Anyone got thoughts on the market? I have a short s&p etf going and thinking of cashing in this week or leaving it to the end of week.

Have not even thought of next week Is this a good 10% drop we got going, or a blip?

The way it has been going, you go long one week and short the next.

 

[Stonefree69]

Well deficit still shrinking, but still over 1 trillion. Some people I think still expect the fairy godmother to solve that overnite.