Friday, October 04, 2013

TRADE IDEAS FOR FRIDAY, OCTOBER 4, 2013
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Dear traders, 
What new to say? Look like problem with US Government is still here and I still think that is very risky to bring trading plan when we don’t know what open we will see. When I see LULU action yesterday I understand market situation but also I’m still raging because we was at right moment is right stock. I saw several situations like LULU and it is not to smart when conclusion is that is questionable how much is smart to take risk in this situation. I will post ideas during day but also I like to note that personally I won’t take any trade. If that will be case it will be with really small risk. There are three way to trade market like this. One is with bigger stops in hope that will avoid situation like yesterday LULU. Another is to use very small stops and in that case you must know that you could see more stops than usual. Third way is to not trade and just wait. Markets will beck in normal, always did and always will. I still see long setups for AYR, CME, CLR, FLIR, FOSL, GPRE and short for DE but I will wait at least to see open action. Also I like to note that if we won’t see solution for politic problems then it will be higher risk to stay in over weekend trade.




TRADE IDEAS FOR WEDNESDAY, OCTOBER 2, 2013

WHOOP WHOOP WHOOP, DIVE DIVE!! BECAUSE OF 
MARKET "CONDITIONS" WE ARE RECOMMENDING NOT 
HOLDING SWING TRADES OVER NIGHT, WE HAVE AN 80
POINT GAP DOWN IN THE DOW THIS MORNING, 
TRIGGERING OFF ANY STOPS FROM YESTERDAY. 
THIS CONDITION IS KNOWN AS A "TRAP", AND WILL 
PERSIST UNTIL YOU PEOPLE GET RID OF THOSE AHOLES 
IN DC!
FOR THOSE BRAAAAAAAVE INDIVIDUALS, YOU MIGHT 
CONSIDER THE FOLLOWING LONG IDEAS:



AYR form daily triangle and right now we can see possible third try breakup. It can be very charm and strong, But also 3rd try triangle can brought false breakout and strong reversal and because for that need to use smaller stop amount and for me it will be under 60 min 20sma
CME form similar daily triangle and with possible weekly and monthly consolidation it can turn in to longer swing. For that we can use 60 min consolidation and stop is tight there and we can use stop under 20sma 60 min.
CNP form daily bull flag and another possibility is look for flag continuation and back to $25 for start. For that possibility it needs to hold 20sma 60 min and $24 area,
FIG try to back on previous high what will be again 3rd try triangle and it is similar situation as with AYR and CME: Weekly and monthly charts support that possibility. It needs to stay above daily 10sma to stay in interest.



Ya Know, it just amazes me that with all those pieces of junk in the markets flying high all over the place, an outfit like this just gets shell lacked. I know what it does, it's a dealer for my favorite equipment, CASE, I mean, don't get me wrong, it's down because it's earnings and revenue have been down, in the red boxes, BUT SINCE WHEN DOES THAT MATTER IN THIS STINKING MARKET, hahahahahahahahaha! CAT and DE are in the same boat, it has some very nice metrics, in the green boxes, and if things are so fricking GREAT, like the shrill's on Da Street are screaming about, then this thing should be FLYING!

Wad ever, it has a perfect bullish falling wedge going back to the start of the year, and the best part is that you know EXACTLY where you DON'T want it, I'd say where it is but I'd obviously insult your intelligence. If it can get it's ass in gear, it will, EASILY, get back to it's book value of $19. It's latest earnings report was the fifth of last month, so you don't have to worry about that, but it will move on CAT and DE, probably, CAT reports on the 23rd, with DE next month. 

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