Thursday, February 26, 2015


Geeze, truly one of the "IT WAS THE BEST OF TIMES, IT WAS THE WORST OF TIMES", type of market, we keep making new all time record highs in price and as "Overnite edges" noted this morning, a gap down this morning would set a new ALL TIME RECORD with 8 gap downs at the open in a row!

I have no idea what this is building up to, but weird things like this tend to make me tread verwy verwy carefullwy!!

This is later, I had the SPY with an open of 8 cents lower, so I guess that makes it a new record, so I can truly say that I've never seen any thing like this.

"Audit the Fed"? We've Already Done That (Well, Kind of)
Our conclusion: The Fed is not in control of the economy -- here's why
By Elliott Wave International
The controversial "Audit the Fed" bill is soon before Congress. But, we at EWI have long since conducted our own "audit" of the Fed -- and the results might shock you. Read more.

Wednesday, February 25, 2015

TRADE "IDEAS" FOR WEDNESDAY 2/24/2015

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Signals Click Here!

TRADE "IDEAS" FOR WEDNESDAY  2/25/2015
CSL- LONG IDEA
 DOV- LONG IDEA
 MWE- SHORT IDEA
 AMSG- SHORT IDEA
TRADE "IDEAS" FOR WEEK OF 2/23/2015
SKW- LONG IDEA

VNTV- LONG IDEA

MWE-LONG IDEA

AMSG-SHORT IDEA

HEE-YUK HEE-YUK HEE-YUK, HILARIOUS:


If we don't rally to new ATH's on the latest economic miss (existing home sales), then something is truly wrong.

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.

CAUTION IS ADVISED!!

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Monday, February 23, 2015

Ha ha ha ha ha ha ha ha..........hhahahahahahahha.......HAH! The twitter post of the day HAD to be this from Gubb:


Saturday, February 21, 2015

WEEKLY WRAP UP


Here's more chart porn relating to the "WEAKNESS" we have, the ECRI growth rate came in at -4.3 and in the last 24 years we've always, "ALWAYS", had a major market correction when that happened, hahahahahahahahaha..................HAH! YEA, other than 2010 and 2011 in the red circle, when the markets actually went to da stinking moooooooooonnn! THAT, of course, was the A-hole FED and their QE bull shit.

Wad ever. 

"The Smart Money Is Selling, Not Buying" Goldman Warns With Valuations In The "99th Percentile"



Here's a late entry chart today that goes with the lower charts about the "FALLING EARNINGS" forecasts, Bloomberg says we've never had this type of a fall in forward earnings forecasts with out being in a NBER recession. I drew the vertical red lines on there to show how the markets had already turned DOWN by the time the earnings forecasts turned down, I get the feeling, some how, that the markets are not DISCOUNTING the new earnings, OR, they just don't give a damn because they know that stinking FED will pump as much money into Wall Street as needed to avoid a down turn.


YAAAAAAAAWWWWWNNNNNN- I have NOTHING to "update", all the breath indicators are on solid buy signals, the markets are going up in case you haven't noticed, all those lousy bullish percent indexes rolled higher this week, good stuff, for the bull's that is, so, instead, let's have some fun:

You might say that Larry Levine is just a little, aaaaahhhhhh, JADED, with the markets screaming higher while the economic "DATA" screams LOWER:

"Once upon a time long, long ago, in a mystical land of non-central bank planning, economic data used to matter.  Much like today, economic reports were released nearly every day.  The difference between then and now, however, is that in the mystical land of "semi-free markets" the data mattered.  Today it is of no matter whatsoever.  Now, all that counts is what size will the next global QE be.
Let's take a look at this week's data and search for a trend.
  • Monday - Markets were closed for President's Day.
  • Tuesday - Empire State Mfg Index was worse than expected.  Housing Market Index (HMI) was worse than expected. E-Commerce retail sales report was even worse than expected.
  • Wednesday - MBA Purchase Applications were expected to be bad, but it was actually even worse than that (-9.0% vs. -13.2%). PPI (inflation) data was worse than expected, from the Fed's point of view. Industrial Production data was 50% worse than expected.
  • Thursday - Weekly Jobless Claims were better than expected. The Philly Fed Survey was worse than expected. Leading Economic Indicators (LEI) were worse than expected.
  • Friday - Will it really matter?

One wonders why Friday's data will matter, or any economic reports for that matter, because the whole time that nearly every data point was worse than expected, the S&P500 rallied: New highs, new highs...bad data?..."meh" new highs. 
Apparently the oil market was feeling left out.  Oil traders tore a page out of the equity trader playbook when they got today's DOE data: much higher (worse) supply...and it rallied like a scalded cat running up a tree. 

Isn't it awesome?"

Jared Levy wrote this RIDICULOUS article about how the market fell 57% the last time this happened: Warning: Market Fell 57% After It Flashed This Same Signal

For some strange reason he's concerned about some thing called, "VALUATIONS", I mean, like, WHO CARES ABOUT THAT:

The FORWARD P/E on the S and P 500 is a full point HIGHER than it was prior to the 57% crash in 2007, but who gives a shit about that, hahahahahahahahaha.................HAH!! PLUS......3



S and P 500 earnings are now FALLING for the first and second quarters, so let's recap, S and P forward P/E higher than it was before the crash in 2007, and earnings are FALLING, hhhhhhhmmmmmmm, let me think now, oh, yea, THAT SHOULD BE GOOD FOR ANOTHER 30% RALLY WHEN IT DID THE SAME THING IN 2012, WOOOOOOOO HOOOOOOOOOOOOOO!!


OK, on to the boring old stat's, Nat gas led my 76 markets this week, up 8.29% as Wall Street sticks it to all you poor people back east having that horrible weather, we've been having record highs here in Utah, which I consider WORSE than your weather, as we need the snow pack for the farms. To show how WONDERFUL every thing is in Europe ITALY led the Country markets this week, hahahahahahahaha, up 4.59%, then Japan, then Spain, it's like trader's just took the worst possible countries they could find an jacked them higher this week (how come WE were UP?:??:). Our best major market showed up on the first page, Nas-DOGS up 2.27%, our best sector was XLV, up 2.47%, IWM was the next major, up 1.30%, then SPY 1.11%, with the Big Dogs bringing up the rear, DIA up .72%, actually, accept for the Q's the rest of the gains weren't that exciting, accept for all the yelling and screaming that is. That reminds me, my market monitor looked kind of strange:


The last three days we had less than 100 our of the 2900+ stocks I keep track of that were up or down over 4%, really poor breath if you ask me, butt, no one's asking of course. At least today the volume actually went HIGHER for a change for new ATH's.
33 of my 76 markets closed on 20 day highs this week vs 34 last week, a little light there, 4 closed on a 20 day low vs 7, 60 closed with a golden cross, 20 DMA above 50 DMA, vs 47 last week, a nice improvement, 66 stocks in the NYSE closed on a PSAR buy this week vs 47 last week and 90 closed on a PSAR sell signal vs 36 last week, not a very good stat, 283 closed at 52 wk highs vs 288 last week and 24 on a 52 wk low vs 21 last week, again, not very good stat's for an UP week.


For some reason I had the idea that the PM's did well this week, I guess I wasn't watching that close as SLV was down 3.78%, GDX 3.31% and GLD 1.76%, USO was down 2.76% as it prepares for the WORLD WIDE ECONOMIC BOOM, TLT got ripped by 2.30 as I guess the coast is all clear now to increase rates, real estate went down, IYR down .99%, Ag continues it's slide with DBA down .90%. 


Here's the big wiener's in the S and P 500 this week, once again it was noticeable that there were no double digit winner's, but at least nobody lost their shirts as PVH led the pack at 4.35%.
84 S and P stocks closed at 52 wk highs this week vs 78 last week, ZERO at 52 wk lows vs 1, 137 at 20 day highs vs 198 last week, 15 at lows vs 37, kind of strange that BOTH of them went down, 321 closed on a golden cross vs 262, so a nice improvement there, 7 had an RSI 14 of OVER 80, for those of you considering a bear call spread they were BA, EFX, HSP, NOC, PETM, VLO and  VMC. Once again us slimy bottom fisher's have ZERO to look at as that's how many closed with an RSI below 20, 393 closed with an RSI above 50 vs 401 last week, and 109 closed with an RSI below 50 vs 101, kind of continuing the momentum loss.


Here's the loser's this week, once again I'm not interested in bottom fishing these with the markets at ATH's, just in case it decides to correct one of these years. 

This is like, totally amazing, "THAILAND ENTER'S THE SPACE RACE":

Thursday, February 19, 2015

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Signals Click Here!

HERE'S A COUPLE I KIND OF LIKE THAT I'M WATCHING FRIDAY:

ABX
DNR

RHI- LONG IDEA

AZPN- LONG IDEA

AMCX-LONG IDEA

EPD-SHORT IDEA

NKE-SHORT IDEA

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.

CAUTION IS ADVISED!!


Monday, February 16, 2015

WEEKLY WRAP UP


Hahahahahahahaha.......................HAH! The S and P futures just dropped about 8 handles on these headlines as puked out by Dan Greenhaus:


Funny stuff, it is. 

Speaking of "Twitter" fun, it's just un-fricking-believable how these two diametrically opposed tweets could be almost right next to each other:


I just fail to see how new ALL TIME LOWS in the Baltic Dry index leads to new ALL TIME HIGHS in the $SPX, but, hey, what the  shit do I know. The wonders of Central Bank magic I guess.


I, "THINK", these are two plausible scenarios for USO and oil, we break over the resistance and then come back to "test" it, OR, we pull back to the prior low from last week and then blast up through the resistance. 
OF COURSE, both scenarios involve a "PULL BACK", and in my case at least, the markets NEVER pull back when I'm waiting for them to do so. Wad ever, maybe I'll get lucky for once. 

I like this, a very nice article on how to buy ALL TIME HIGHS using a diagonal option spread, http://www.zentrader.ca/blog/?p=25040 . It kind of cracks me up as I think the example is TERRIBLE, for as the equity goes up the shorter term SOLD 100 call is going to murder the longer term 105 call, wad ever. I just had that happen in "X" last week, as I had a longer term $24 call and sold a weekly $25 call against it, and the damn stock went to da stinking moon (as it ALWAYS does when I don't particularly want it to, hahahahaha), and the delta on the shorter term sold call will a lot of times be faster than the longer term, eating into your profits a little. 

I deleted some old members and added some new ones to "my blog list" on the right side of the page, check out "Principled Markets",
 http://www.trade2day1.com/, he's got a nice weekly up date and LOT's of trading ideas for the new week, although I don't agree with ANY of them, hahahahahahaha, but that's just me. I actually picked up on him when twitter sent him through as a recommendation based on my views, @M5amhan, I had to crack up as he has over 12,000 TWEETS, so I figured he has a lot to say about some thing. 

John Carter, the only guy that I've actually seen make a million bucks in the market in one year, says the market is about to go into it's, "SPECULATIVE", stage, AKA 1999 Nas-DOG style,  .

I've turned over a new leaf and abandoned my old worry wart ways and decided to only post POSITIVE items about the stock market:


The S and P 500 made a NEW HIGH this week, in VALUATION that is, as it managed to surpass the CAPE P/E from 2007 and, at 27.54, became the THIRD MOST OVERVALUED MARKET IN THE HISTORY OF THE UNITED STATES, WOOOOOOO HOOOOOOOOO!!!!!!!!!!!!
This is GREAT news of course, as the retail investors don't really start to buy into the markets until they start hitting RECORD OVER VALUATIONS, so we should be expecting a FLOOD of new money into the markets!!


The Nas-DOGS have been leading the market higher, which is GREAT NEWS, one reason being that the Nas-DOGS create GREAT technical marvels like Facebook so XXX XXXX's can talk about themselves, PLUS, it gives us charts like the following:


This is what the Nas-DOGS did in 2000 and 2007 prior to the crash's, that is, the A/D's diverged against price, which is GREAT NEWS, as it will probably embolden the Old Timer's who have seen this story before to SHORT the market, giving Goldman and JPM, using FED money, the opportunity to squeeze the SHIT out of them, and drive the markets to new unheard of levels, WOOOOOOO HOOOOOOOOOO!!

You should NOTE that the REALLY important A/D's, the $NYAD's and the $NYSI, remain on SOLID buy signals, which REALLY is good news, for the bulls that is.


The Bullish percent of the Nas-DOGS is confirming the same thing as the $NAAD's, as they are diverging from the highs made at the start of the year, which you would expect, HOWEVER, one thing I didn't expect was the following:


The Bullish percent on the S and P 500 is doing the SAME thing, which really freaks me out MAAAAAANNNNN, but, this is GREAT NEWS, as it will probably just sucker those Old Timer's into trying to short the market even MORE, WOOOOOOOO HOOOOOOOOO!!!!!!! The red box is just to point out how we did the same thing last fall when the market made new highs in December but the bullish percent did not confirm, which led to the little pull back into the first of the year. 
And here's one that REALLY freaked me out, MAAAANNNNNNN......


The bullish percent for the BIG INDEX, the $NYSE, actually broke HIGHER over the highs from the start of the year, leading both the SPY and Nas-DOGS, weird stuff, it is..................


SOOOO, let's get to the boring stats, PUTIN kicked absolute ass in my 76 markets this week, RSX up 10.47%, leading even the XIV, our best industry was the SMH, up 4.58%, our best major market was not far behind, which would be those diverging Nas-DOGS, QQQ up 3.67%, both XME and XLB had very nice weeks, up 3.96 and 3.04%, our next best major was the SPY, 2.06%, IWM 1.44%, with the DIA being the DOGS, ONLY up 1.26% on the week.


Not many loser's this week, a few inverse funds and then we hit those "SAFE" sectors, AGAIN, this week, XLU down 2.99% followed directly by TLT at -2.12%, GLD was down, GDX was DOWN, but SLV was UP 3.18%, REALLY, strange stuff. 
34 of the 76 markets closed at 20 day highs this week vs 14 last week, 7 at 20 day lows vs, 5, 47 finished with a golden cross, 20 SMA above 50 SMA, vs 32 last week, 117 NYSE stocks finished with PSAR buy signals vs 132 last week, 36 with PSAR sells vs 148, 288 at new 52 wk HIGHS vs 180 last week, 21 at new 52 wk LOWS vs 22 last week. 


This is the top 20 winner's in the S and P this week, and I have to say that this is "probably" the LOWEST percentage gain of the top two or three stocks that I've ever seen in the weekly stats, with VRTX the winner at 4.6%.
78 stocks closed at 52 wk HIGHS vs 49 last week, 1 closed at a 52 wk LOW, and I'll give you 502 guesses as to who it was.......................................give up?????......................... AXP, wow, that freaked me out (I get freaked out pretty easily}, 2 were at a low last week, 198 closed at 20 day highs vs 118 and 37 at 20 day lows vs 28, 262 closed on a golden cross vs 232 last week, for all you Bear Call sellers 7 stocks closed with an RSI 14 ABOVE 80, they were EFX, FTR, HSP, KR, MLM, VLO and VMC, and for all you BULL PUT sellers exactly, aaaaaaaahhhhhhhhhhh........ ZERO, closed with an RSI UNDER 20, not a great situation for slimy bottom fishers like me.


Speaking of slimy bottom fisher's here's the loser's for the week, I guess it should be no surprise that AXP was the BIG WIENER! I have NO DESIRE to be a bottom fisher on these things, for if they are going down in an UP market what in the hell are they going to do should Grandma Yellin ever let the markets go DOWN????
There's some tempting names on there to, like, well, AXP, TAP, K, KRFT, stuff like that MAAAAANNNNNNN...............................

Saturday, February 14, 2015

TRADE "IDEAS" FOR FRIDAY 2/13/2015

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Signals Click Here!

A FEW SHORT "IDEAS" TO OFF SET YOUR MASSIVE
 LONG POSITIONS:
 EPD- SHORT IDEA
  BRCL- SHORT IDEA

  RLJ- SHORT IDEA


TRADE "IDEAS" FOR WEDNESDAY 2/11/2015
RHT- LONG IDEA

AMBA - LONG IDEA

 UIS- SHORT IDEA

TRADE "IDEAS" FOR WEEK OF 2/9/2015
OC- LONG IDEA

PH- LONG IDEA

AEGR-LONG IDEA


RDEN-SHORT IDEA

CHRW-SHORT IDEA

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.

CAUTION IS ADVISED!!

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