Monday, January 11, 2010

SHAM ALERT

Careful this morning. Quicksand all over as futures remain green. Gold exploding and oil up as USD is weak against all currencies. This market smells like a reversal day so just don't stay in the long trade too long.

Nothing is being changed its just that technically they have to make some adjustments in the Ponzi.....its toooo obvious. I would love to see a back test of th recent gold low....1070 area.....but what I want and what I get ....welll.

Keep your eyes on DTO and the Miners. Gap trade intraday....remember if you aren't nifty at this and you get stuck. Its ok....just call yourself a "buy and hold" investor. That is why I like these stocks.. The miners that is... Dto is a different animal but right now I am holding a small position and not adding. GL today gang.

15 comments:

  1. What a gap on SWC,heheee!

    palmer

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  2. Look at the SLAM in AMZN. That's why you day trade and do not hold overnight. Imagine if I still had those front month calls on that one... - Analyze.

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  3. Good scalping on CVM today. These stocks are too predictable for me, great day today.

    palmer

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  4. Being in the right sectors is key to survival here big time. Going well from this side, only one position on but looking for entry in others if they get over the HOD on gaps. We shall see. - Analyze.

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  5. Analyze,

    CVM was obvious since the volume was dried up prior to today which told me short squeeze was coming. This yr is going to be a great yr for savvy traders.

    palmer

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  6. For oil the key resistance is 85, so far it's holding which makes DTO a good gap trade. Scalping is the name of the game.

    palmer

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  7. watch it bang 85 one mo time......just trade it though....just in case. If you have no position then 85 can be your first add.

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  8. Speaking of gap trading on SWC, it already gave you 0.30 after they walked it down to 12.65.

    palmer

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  9. Kli are you seeing a 20 pt drop and then upwards surge into OPEX?

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  10. All,

    When it comes to palladium, the two players are SWC and PAL. Pal is doing very well today.

    palmer

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  11. not even going to guess how they play it.....only that I like some air out of the balloon today or tomorrow.....will add miners on pullbacks and try and trade gaps....If they give us a bigger pullback then will add miners larger.....don't overcomplicate it

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  12. Great day for trading. I'm out here, nothing worth playing into market close at least for what I'm playing. I am holding nothing for AA earnings, given their track record they will probably say something stupid in the conference call to butcher the entire BMAT sector. My Friday night summary played out very well here for oil, transports, etc. FCX butchered its initial gap due to hitting its max top out, glad I followed up with the warning to not play it last night. Dollar does not sell off from here but upside is contained to consolidation range BTW. And the fun will continue...- Analyze.

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  13. looks like they wanna run through AA earnings....no reversal today....bet we get a big squeeze on AA......beeeeutiful......

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  14. I really like PAL today, great day!

    palmer

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