StockTwits Brunch Transcript: Friday July 3, 2009
jamross- July 3rd, 2009
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stevenplace: Jul. 3 at 11:57 AM $$ Have a great 4th of July. And happy Canada Day to all our northern neighbors. |
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arcamarcam: Jul. 3 at 11:57 AM RT @stevenplace: http://chart.ly/q6aypt $MENT – 5 held; volume + latest candle capitulative top. what do you mean by this? MENT |
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StockTwits: Jul. 3 at 11:57 AM Thanks @stevenplace for another fantastic brunch | For more from Steve go to: http://bit.ly/1fNvVy |
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sharptraders: Jul. 3 at 11:57 AM @stevenplace How was New Orleans or are you still there? $$ |
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1Gunnski: Jul. 3 at 11:56 AM @stevenplace Thank you Steve. Have a enjoyable & safe 4th of July! “Happy Hour” tonight? $$ |
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stevenplace: Jul. 3 at 11:56 AM $$ If you liked these charts, I also have a premium service with specific option trades: http://su.pr/27vZrU |
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TOCOF: Jul. 3 at 11:56 AM @stevenplace TYVM $$ |
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stevenplace: Jul. 3 at 11:55 AM $$ What I’m expecting in next two weeks: prob a backfill on Fri weakness, then a second “woosh” down for commodities. |
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stevenplace: Jul. 3 at 11:55 AM $$ I think that wraps it up for today. Hope you got some good information from this. |
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stevenplace: Jul. 3 at 11:52 AM http://chart.ly/qxqreb $AHD – A couple areas of support, but I see no strength in price. AHD |
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whalewisdom: Jul. 3 at 11:52 AM $SRS bullish today, leading price gainer!http://tinyurl.com/ler9tq SRS |
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SDInvestor: Jul. 3 at 11:51 AM VIDEO-U.S. Mortgage Rates Fall This Week featuring Erin Natalicchio. $FRE $FNM $C $BAC View at: http://tinyurl.com/moff99 BAC C FNM FRE |
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sharptraders: Jul. 3 at 11:51 AM @stevenplace Yes on $BNHNA…but would like to see vol. come in Monday…thx BNHNA |
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stevenplace: Jul. 3 at 11:51 AM http://chart.ly/4bf96m $FDX – Currently in downward channel. FDX |
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BullishBeauty: Jul. 3 at 11:50 AM @stevenplace$AHD.Any hope for this? AHD |
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stevenplace: Jul. 3 at 11:49 AM http://chart.ly/95wwkd $KEG – Looks to be putting in lower high. KEG |
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wallstCS: Jul. 3 at 11:49 AM @stevenplace Thanks Steven! Your brunch is probably the most valuable free service for traders!!! Happy 4th! $$ |
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JoshMaher: Jul. 3 at 11:49 AM @stevenplace thanks for the brunch, amazing detail! What do you think of $FDX or $JWN FDX JWN |
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stevenplace: Jul. 3 at 11:48 AM http://chart.ly/e88zde $BNHNA – Breakout play above 675 BNHNA |
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haxen1: Jul. 3 at 11:48 AM @stevenplace $FCG is a good natgas index of producers that retail can look at without extreme volatitliy of $NG_F, outperforming $UNG $$ FCG NG_F UNG |
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swissinvestor: Jul. 3 at 11:48 AM Someone just bought 2.5 Mil shares $BARC on LSE and BARC has been positive all week LSE:BARC |
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stevenplace: Jul. 3 at 11:47 AM @haxen1 I’ve got a risk free put vert sold on $UNG, no problem using same strategy on further pullback UNG |
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TOCOF: Jul. 3 at 11:47 AM @stevenplace re $NEM, breakdown form wedge targets the low of the wedge, technically? NEM |
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haxen1: Jul. 3 at 11:46 AM @stevenplace as you have traded, $CHK very good NG producer, nice liquidity and good vols, selling puts looking good here on further push dn CHK |
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stevenplace: Jul. 3 at 11:46 AM http://chart.ly/kr9p5z $AMZN – Will look for short setups until proven wrong. |
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therj30: Jul. 3 at 11:45 AM I’m getting some interest in $DCGN they have something in the works to make genetic coding affodable and available to the public |
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haxen1: Jul. 3 at 11:45 AM @stevenplace $NG very tricky to trade, extreme volatility, $UNG market cap too large, must use options to hedge NG UNG |
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stevenplace: Jul. 3 at 11:44 AM http://chart.ly/22×3hx $NEM – Best looking gold short, pullback to trend break, easily can break 40. |
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TOCOF: Jul. 3 at 11:43 AM @stevenplace TYVM…long $AUY here, just added $PAAS yest, searching for a good junior, maybe $TRE AUY PAAS TRE |
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stevenplace: Jul. 3 at 11:43 AM http://chart.ly/3w6fgz $CMP – Forming cup and handle. Great looking breakout potential at 59 |
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stevenplace: Jul. 3 at 11:41 AM @TOCOF $GOLD my fav (eventually) $NEM best short, I’m currently long $AUY |
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stevenplace: Jul. 3 at 11:40 AM http://chart.ly/2anqzx $M – Still in downward channel. Can play off those upper-lower bounds. M |
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Quickoatgains: Jul. 3 at 11:39 AM RT @WeeklyTA: 4 Stages of Learning: http://bit.ly/bfSaW $$ |
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stevenplace: Jul. 3 at 11:39 AM @haxen1 good call. Any other alternatives wrt retail natural gas etfs? $$ |
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TradeWithMojo: Jul. 3 at 11:39 AM Sweden Cuts Deposit Rate to NEGATIVE .25% $YM_F $ES_F $GC_F $DX_F To combat de… Read More: http://is.gd/1mrH2 |
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TOCOF: Jul. 3 at 11:39 AM @stevenplace Any favorite gold stock currently?$$ |
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SDInvestor: Jul. 3 at 11:39 AM VIDEO-Obama Admin To Move Fwd w Distressed Debt Prog $TBT with Erin Natalicchio. (Fri., 7/3, 10:16 AM) View at: http://tinyurl.com/mswmmw |
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haxen1: Jul. 3 at 11:38 AM @stevenplace $UNG is broken, major problem with hedging and rolling front month $NG, they are using OTC swaps now $$ |
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stevenplace: Jul. 3 at 11:38 AM http://chart.ly/smrgcf $MA – Broke trendline, riding new trendline down. Subs and I have put verts bot |
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stevenplace: Jul. 3 at 11:37 AM http://chart.ly/dhf292 $EK – Failed breakout in long term downtrend. Just above 250 a low risk long opp. EK |
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sandyfeet324: Jul. 3 at 11:35 AM @stevenplace last one NCIT $$ |
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stevenplace: Jul. 3 at 11:35 AM http://chart.ly/pbehyn $UNG – Rangebound still, but MA’s rolling over. ETF is crowded and structurally could be broken. UNG |
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SDInvestor: Jul. 3 at 11:35 AM VIDEO-llumnia Misses Revenue Estimates $ILMN featuring Erin Natalicchio. (Fri., 7/3, 11:33 AM ET) http://tinyurl.com/nje4hh |
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traderclubtirol: Jul. 3 at 11:35 AM FTSE 100 is closing almost unchanged slightly positive – http://is.gd/1mrqd $$ |
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DVCSmalltech: Jul. 3 at 11:35 AM RT @grazen: accumulating CAD techsys on light trading – bidding $MKX $SVC $CMI$HEM $GND $GIS $MTK $WRX $$ |
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stevenplace: Jul. 3 at 11:33 AM http://chart.ly/x74ckz $FSLR – Potential support has been broken on commod weakness. I put an Iron Condor play publicly– stop 150 FSLR |
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Adrigonzo: Jul. 3 at 11:33 AM THE GOOD GUYS WON: Mike Morgan v Goldman Sachs, heard this morning Mike beat the lawsuit, we’re back at GoldmanSachs666 – yessss! $GS GS |
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SDInvestor: Jul. 3 at 11:32 AM $NLY $ANH $MFA $HTS $CMO $AGNC “Are High Yielding aMREITs Ready to Run?” Read article at: http://tinyurl.com/lz6kj2 AGNC ANH CMO HTS MFA NLY |
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stevenplace: Jul. 3 at 11:32 AM http://chart.ly/p3kqha $CDNS – Rangebound for now. CDNS |
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WeeklyTA: Jul. 3 at 11:31 AM Blank Box Trading: http://bit.ly/qPVbV $$ |
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abnormalreturns: Jul. 3 at 11:31 AM The Friday linkfest is up.Underestimating the role of chance in the markets and our lives.http://bit.ly/1bkuLW$$ |
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WeeklyTA: Jul. 3 at 11:31 AM How-to Guide on Technical Short-selling + 7 Most Common setups: http://bit.ly/71SZE $$ |
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WeeklyTA: Jul. 3 at 11:30 AM 7 Most Common Breakout Patterns (Long): http://bit.ly/LtpbR $$ |
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stevenplace: Jul. 3 at 11:30 AM http://chart.ly/h4zmm6 $UIS – Nice breakout, and pb to previous resistance. Best chart pattern on a penny I’ve seen. Good vol too |
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SDInvestor: Jul. 3 at 11:29 AM VIDEO-Daily Dividend Report: $PNC, $SUN, $AFG, $PHK, $KED with Erin Natalicchio. (Thurs., 7/2, 5:38 PM) View at: http://tinyurl.com/npjbrl |
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WeeklyTA: Jul. 3 at 11:29 AM Trading Fear: http://bit.ly/1a4cPa $$ |
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stevenplace: Jul. 3 at 11:29 AM @WeeklyTA hold out on the blogspam for 30 more minutes, could you? $$ |
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sandyfeet324: Jul. 3 at 11:28 AM @stevenplace NFLX, CERN $$ |
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WeeklyTA: Jul. 3 at 11:28 AM Trade like a Farmer: http://bit.ly/57vB4 $$ |
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grazen: Jul. 3 at 11:28 AM accumulating CAD techsys on light trading – bidding $MKX $SVC $CMI$HEM $GND $GIS $MTK $WRX $$ |
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stevenplace: Jul. 3 at 11:27 AM http://chart.ly/3yshdd $SXE – @1Gunnski can be rangebound for longer than you think. |
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VANTERHEYDEN: Jul. 3 at 11:27 AM oil hitting support at $65.98 – looking oversold at this level – a bounce is likely from here – $$ |
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WeeklyTA: Jul. 3 at 11:27 AM 20 Trading Plan Questions + 20 Trading Rules: http://bit.ly/13FAyM $$ |
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ballance: Jul. 3 at 11:26 AM WSS 3.0 included free w/ a Windows Server license is a big win for small and medium business that can’t afford full Sharepoint licenses. $MS MS |
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WeeklyTA: Jul. 3 at 11:26 AM The Trader’s Mindset & 15 Common Psychological Issues: http://bit.ly/12kfGr $$ |
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TraderInterview: Jul. 3 at 11:26 AM NeedForTrade Studio Lite 3.6 (Windows) – ZDNet http://bit.ly/PWkxb $$ |
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stevenplace: Jul. 3 at 11:25 AM http://chart.ly/gnh7sh $V – Thought 60 might hold, broke below that on friday. 5750 could be a good entry (not sure tho) |
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1Gunnski: Jul. 3 at 11:25 AM @stevenplace $SXE @ 30.75 long. Going to 36.00? |
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WeeklyTA: Jul. 3 at 11:24 AM The Trading Death Spiral: http://bit.ly/PlAXT $$ |
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WeeklyTA: Jul. 3 at 11:24 AM 4 Stages of Learning: http://bit.ly/bfSaW $$ |
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stevenplace: Jul. 3 at 11:23 AM http://chart.ly/6sexdc $GME – 2180 did not hold as support. I see no reason to be long here– can play short intraday. |
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WeeklyTA: Jul. 3 at 11:23 AM Q&A with the Chart Addict (#3): http://bit.ly/157HR8 $$ |
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WeeklyTA: Jul. 3 at 11:22 AM Q&A with the Chart Addict (#2): http://bit.ly/wumdv $$ |
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WeeklyTA: Jul. 3 at 11:22 AM Q&A with the Chart Addict (#1): http://bit.ly/XvOUk $$ |
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samtingleff: Jul. 3 at 11:22 AM Bag on bankers day… From the BBC, “why bankers aren’t worth it”: http://bit.ly/3UcTKz Rolling Stone on the $GS cabal: http://bit.ly/t2YSx |
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stevenplace: Jul. 3 at 11:21 AM http://chart.ly/r3pe9b $LVS – Triangle broke, made a lower high. Bearish price action until proven wrong. |
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WeeklyTA: Jul. 3 at 11:21 AM Since we have all of this free time and all, I’ll post my past educational articles $$ |
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traderclubtirol: Jul. 3 at 11:21 AM German DAX selling off in the last trading hour – half of the country is on vacation already – http://is.gd/1ma5r $$ |
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sandyfeet324: Jul. 3 at 11:20 AM @stevenplace GME $$ |
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stevenplace: Jul. 3 at 11:20 AM http://chart.ly/q6aypt $MENT – Whoever talked about this trade last week- congrats! 5 held; volume + latest candle capitulative top MENT |
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cici888: Jul. 3 at 11:19 AM $LVS, please LVS |
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stevenplace: Jul. 3 at 11:19 AM http://chart.ly/6pmm8w $X – Another weak commodity name. Pot support at 32.5 but a break could lead to further retracement. X |
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TOCOF: Jul. 3 at 11:18 AM Anybody know anyone who bought $PALM at 1.50 and is still holding?…just curious. |
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stevenplace: Jul. 3 at 11:17 AM http://chart.ly/y5sfz2 $PALM – You could make the case for a short, but not until yearly res hit. Call spread sale, perhaps? |
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1Gunnski: Jul. 3 at 11:17 AM @stevenplace $PALM also 20% > Short Float. Short Squeeze! |
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stevenplace: Jul. 3 at 11:16 AM http://chart.ly/k5aa6s $PALM – Why is everyone trying to short this? Still in uptrend. |
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stevenplace: Jul. 3 at 11:14 AM http://chart.ly/2xkvmc $RIMM – Consolidating after selloff on volume; I’m expecting a second woosh down and then I’ll plan a long |
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tffdo: Jul. 3 at 11:14 AM @stevenplace @stevenplace how about $UIS UIS |
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MDabbles: Jul. 3 at 11:14 AM RT @Brodieville: @MDabblesi’ve been buying & selling $tck for months (long), >I’ll research this and other miners this weekend…Interestn |
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Lucitwitty: Jul. 3 at 11:13 AM New Video: Drake | Ma$e http://bit.ly/14dQFi |
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stevenplace: Jul. 3 at 11:13 AM http://chart.ly/96cs6r $GLW – Subs and I are nervously long. Weakness below 15 and we’re out. GLW |
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Brodieville: Jul. 3 at 11:12 AM @MDabblesi’ve been buying & selling $tck for months (long), this news might give another boost. i only have a handful of shares currently. TCK |
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Phileo99: Jul. 3 at 11:12 AM http://chart.ly/2ckk2v $ES_F – levels to watch for next week ES_F |
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jerrybiyn: Jul. 3 at 11:12 AM $$ S&P 500 Weekly Wrap-Up http://tinyurl.com/l7f3b5 |
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stevenplace: Jul. 3 at 11:12 AM http://chart.ly/67cv4w $AGN – Still stalking for decent breakout. AGN |
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stevenplace: Jul. 3 at 11:11 AM http://chart.ly/9cy7mk $OCNF – Another not-so-hot shipper. OCNF |
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MDabbles: Jul. 3 at 11:09 AM @cpruette Could be, I’m getting cautiously bullish again on Gold Miners, I’m watching for a move.$GDX GDX |
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stevenplace: Jul. 3 at 11:09 AM http://chart.ly/6pxgps $DRYS – Still in downtrend, anemic volume. Stay away until 20/50 cross again. DRYS |
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wallstCS: Jul. 3 at 11:07 AM @stevenplace Request: $PALM v. $RIMM PALM RIMM |
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stevenplace: Jul. 3 at 11:07 AM http://chart.ly/edg8cv $MS – I’ve been waiting for this sucker to break for months now. Planning my entry for next week MS |
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LARRYKLO: Jul. 3 at 11:06 AM Really hate weekdays market is closed, especially when not the actual holiday. Then again, don’t like summer volume so light either.$$ $ES_F ES_F |
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stevenplace: Jul. 3 at 11:06 AM http://chart.ly/26vwvn $JPM – Subs and I are short this one. JPM |
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stevenplace: Jul. 3 at 11:05 AM http://chart.ly/cxcwqh $BBT – Breakdown mode below 21, exhibiting similar price pattern to other finnies I’m short BBT |
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slowfame: Jul. 3 at 11:05 AM @stevenplace $pcz and x PCZ |
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stevenplace: Jul. 3 at 11:04 AM http://chart.ly/3bnwe5 $CMN – Nice low-risk long opp right at 50DMA CMN |
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TOCOF: Jul. 3 at 11:04 AM @stevenplace ..You have a favorite gold stock?? $$ |
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Elliott_KCI: Jul. 3 at 11:03 AM Decision by $LGCY to back out of going-private deal another sign of improving prospects for MLPs distribution growth www.mlpprofits.com LGCY |
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greenskeptic: Jul. 3 at 11:03 AM @stevenplace Request for charts: $ENOC and $EXC and, if you have time, $FSLR? ENOC EXC FSLR |
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stevenplace: Jul. 3 at 11:02 AM http://chart.ly/vrymp3 $FITB – One of the less bad financials; has flag pattern on weekly chart. FITB |
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cpruette: Jul. 3 at 11:02 AM @MDabbles $TCK maybe why $NXG was doing so well yesterday NXG TCK |
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stevenplace: Jul. 3 at 11:01 AM http://chart.ly/vk494r $NM – Trend broken, don’t see a long entry until 330 NM |
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johnsontrading: Jul. 3 at 11:01 AM How do we implement this on stocktwits?http://bit.ly/TjI4C $$ |
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MDabbles: Jul. 3 at 11:00 AM China takes minority stake in Canadian miner http://bit.ly/k6p5s $TCK TCK |
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stevenplace: Jul. 3 at 10:59 AM http://chart.ly/9z7m8v $FCX – *yet another* h&S pattern, confirmation on break of 45. A pb to 37 and I’d consider a long. FCX |
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elwalvador: Jul. 3 at 10:59 AM @stevenplace $KEG & $EK thanks EK KEG |
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TradeWithMojo: Jul. 3 at 10:58 AM $ES_F $SPX $DJIA $IF_F $YM_F $DX_F Joe Saluzzi from Themis Trading comments on problems with the market. http://bit.ly/nsAat (video) DJIA DX_F ES_F SPX YM_F |
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stevenplace: Jul. 3 at 10:57 AM http://chart.ly/wmx275 $CVX – Might try out my knife-catching skills in that green area, put vertical sales; but earnings risk CVX |
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alienone: Jul. 3 at 10:56 AM $DRYS,$EXM,$TBSI down trend on the 30 day DRYS EXM TBSI |
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cfrazierjr: Jul. 3 at 10:56 AM @METrades I am still in $TYP. Will work on a sell strategy this weekend. TYP |
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stevenplace: Jul. 3 at 10:56 AM http://chart.ly/nw7gfc $APC – Can play for short momentum play on break of 42 and change. |
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stevenplace: Jul. 3 at 10:55 AM http://chart.ly/b9e83q $AFAM – Best pattern I mentioned last week. Will reshort on a pb to 25-ish. |
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stevenplace: Jul. 3 at 10:54 AM $$ Ok, these stocks are in no particular order, just what I saw come across my stream. |
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masterthetrade: Jul. 3 at 10:53 AM $TCK is soaring |
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1Gunnski: Jul. 3 at 10:53 AM @stevenplace Any thoughts on yesterday’s close & adding 15 minutes? $$ |
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Phileo99: Jul. 3 at 10:53 AM http://chart.ly/72mams $EURUSD – Asian session opened w/ massive gap down which eventually filled.Nailed resistance lvl at least |
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TOCOF: Jul. 3 at 10:53 AM $UNG…has a bottoming pattern just like the indexes, say Feb…just a little further down…BUY BUY BUY |
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danielbmartin: Jul. 3 at 10:52 AM @stevenplace $OIH I’m looking for the bottom. |
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elwalvador: Jul. 3 at 10:51 AM @stevenplace $KEG KEG |
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JC222: Jul. 3 at 10:51 AM $XHB Break out or Break DownStevenplac???? XHB |
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traderclubtirol: Jul. 3 at 10:51 AM $UNG $NG_F Europe nears gas pipeline accord (Nabucco) http://is.gd/1mpwx $$ NG_F UNG |
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DVCSmalltech: Jul. 3 at 10:51 AM RT @globeinvestor: Bombardier wins Austrian tram order: Company’s German factory will fill $93-million order http://tinyurl.com/km7ukr $$ |
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johnsontrading: Jul. 3 at 10:51 AM @stevenplacewould love to see you look at $V and $GME GME V |
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grazen: Jul. 3 at 10:50 AM $GLD price of Oil hitting critical levels break below lower bolly will lead to a spike in $WTIC/$GLD volatility http://twitpic.com/95dhs $$ GLD |
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stevenplace: Jul. 3 at 10:50 AM $$ Ok I’ll be dedicating 2nd half to individual charts– I’ve got a lot of requests, but keep them coming! |
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danielbmartin: Jul. 3 at 10:50 AM $OIH Im looking for a bottom. OIH |
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stevenplace: Jul. 3 at 10:49 AM http://chart.ly/bhat62 $IYR – Weak, but still rangebound and not great volume. I’m biased as I’ve got iron condors sold. IYR |
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alienone: Jul. 3 at 10:47 AM $BHP to take $675 million hit – Australian economy dependency upon China http://tinyurl.com/n2buaz |
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stevenplace: Jul. 3 at 10:47 AM http://chart.ly/z9t8c8 $XLY – Will be interesting here at 22. If breaks, nice double top pattern. XLY |
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stevenplace: Jul. 3 at 10:46 AM http://chart.ly/7f569b $GLD – Always seems to find a way to base out at multiples of 5. GLD |
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stevenplace: Jul. 3 at 10:45 AM http://chart.ly/5hhtbf $XLV – Still most constructive sector technically. XLV |
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stevenplace: Jul. 3 at 10:45 AM http://chart.ly/p4vtkd $XHB – I’m actually seeing this one as a potential breakout candidate. I’m only following price. XHB |
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bobbrinker: Jul. 3 at 10:45 AM NYSE Cuts Trade Times to 5 Milliseconds – WSJ.com –>http://bit.ly/jICNK$$ |
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stevenplace: Jul. 3 at 10:44 AM http://chart.ly/fqbb8q $MOO – Seems to be rolling over, I’m expecting a break of 33. MOO |
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1Gunnski: Jul. 3 at 10:43 AM @stevenplace $XHB not looking like a leader. More downside? XHB |
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stevenplace: Jul. 3 at 10:42 AM http://chart.ly/hr9hyz $OIH – Oil indices had great bear flag setups. I’m only pursuing shorts in sector (for now) OIH |
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stevenplace: Jul. 3 at 10:41 AM @WoollyLlama nah, this isn’t work– I love this stuff $$ |
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stevenplace: Jul. 3 at 10:41 AM @TOCOF if head and shoulders pattern fails, expect a sharp capitulative drop lower then a 2b reversal pattern $$ |
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stevenplace: Jul. 3 at 10:41 AM @1Gunnski yeah, $UUP is a pain to follow, would rather follow the *real* money in forex UUP |
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TOCOF: Jul. 3 at 10:40 AM @stevenplace … with so many watching H&S in indexes, you think it will fail?What are alternatives? $$ |
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stevenplace: Jul. 3 at 10:40 AM http://chart.ly/9ss4an $XLF – Still in it’s 3rd range. I still think it sees 11 before 13. Components confirming my thesis. XLF |
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stevenplace: Jul. 3 at 10:39 AM $$ Ok, onto some sector quickfire. |
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1Gunnski: Jul. 3 at 10:39 AM @stevenplace Use currency pairs, instead of UUP? To evaluate USD. Correct? $$ |
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stevenplace: Jul. 3 at 10:39 AM $$ Main point is to remain objective and don’t force anything. Let the trades come to you. |
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sixtythree: Jul. 3 at 10:39 AM the March lows were marking only the end of the beginning $$ |
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Elliott_KCI: Jul. 3 at 10:38 AM Nuclear power can do more to reduce emissions than alternative energy-world just beginning to recognize that $CCJ CCJ |
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traderclubtirol: Jul. 3 at 10:38 AM RT: Markets weak on lower oil – Crude oil live chart – http://is.gd/1mpe0 $OIL $USO $$ OIL USO |
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BearIncognito: Jul. 3 at 10:38 AM [who underwrote this pos, $aig?] reports that Michael Jackson’s insurance policy covered an overdose but not natural death. Rt@BreakingNews AIG |
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stevenplace: Jul. 3 at 10:38 AM $$ I still feel reflation trade will work in long term, but pullback needed for better structure and setups. |
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alienone: Jul. 3 at 10:38 AM Baltic Dry Index closed down -152 to 3520 – China announced they are pulling back on iron ore, copper, and steel purchases $$ |
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stevenplace: Jul. 3 at 10:38 AM $$ So overall thematic outlook: I feel reflation trade still crowded, expecting more reversion. |
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Elliott_KCI: Jul. 3 at 10:37 AM Spain’s Socialist government the latest to reverse campaign promise to phase out nuclear power. Uranium good long-term buy $CCJ $PDN.TO CCJ |
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stevenplace: Jul. 3 at 10:36 AM http://chart.ly/xhn3pd $AUDUSD – A break below range will confirm my anti-reflation trade thesis for int. term AUDUSD |
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stevenplace: Jul. 3 at 10:36 AM http://chart.ly/sxndy7 $GBPUSD – 167 continues to be key resistance. I thought breakout was eminent but not anymore- still rangebound GBPUSD |
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TOCOF: Jul. 3 at 10:35 AM $$ First time the day before 4th of July that wasn’t bullish |
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bearcharts: Jul. 3 at 10:35 AM Reviewing my trades from Thu. morning, I see I neglected to mention I added more $ANR long at target 24.27 for swing. ANR |
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coryholt: Jul. 3 at 10:35 AM RT @stevenplace http://chart.ly/59az3d $TLT – 20YY – Inv H&S reversal, prev resistance has held as support (so far) TLT |
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1Gunnski: Jul. 3 at 10:35 AM @wallstCS Thank you! $$ |
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stevenplace: Jul. 3 at 10:34 AM http://chart.ly/stme3b $EURUSD – Still stuck in range. Waiting for break either way to reinforce any trend in equities. EURUSD |
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wallstCS: Jul. 3 at 10:34 AM @stevenplace I also found this definition of “Open-Drive” from Markets in Profile: http://bit.ly/XAUxt $$ |
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stevenplace: Jul. 3 at 10:34 AM $$ Ok some quick currencies, and then the sectors. |
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traderclubtirol: Jul. 3 at 10:33 AM $SPX (Futures) falling under 900 in European trading session, no recovery in sight ahead of weekend, DAX below 4.700 FTSE short from 4.260$$ SPX |
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Phileo99: Jul. 3 at 10:32 AM http://chart.ly/wxdcf7 $CL_F – Rogue Trader from PVM actually triggered the top in Crude oil http://tr.im/qLgy CL_F |
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stevenplace: Jul. 3 at 10:32 AM $$ All of these Powershares etfs are getting crowded, and therefore structurally retarded. This will be a theme in coming weeks. |
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stevenplace: Jul. 3 at 10:31 AM http://chart.ly/73fcta $USO – Not looking good for the etf. I’m expecting some backfill to upside, then lower. USO |
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elwalvador: Jul. 3 at 10:31 AM @stevenplace If u get a chance, $EK EK |
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stevenplace: Jul. 3 at 10:29 AM http://chart.ly/3ct8zz $DBC – Has components of gold oil wheat and other goodies. Further pb to 21 and I’m selling puts. DBC |
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stevenplace: Jul. 3 at 10:28 AM http://chart.ly/c3xny8 $DBA – Pretty clear cut trend break. This etf was a leading signal in march, IMO DBA |
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River108: Jul. 3 at 10:27 AM sold $tmg bought $ml and $aox |
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manicfinance: Jul. 3 at 10:26 AM Recent new highs on the TSX and the TSX Venture – $DDS (Labopharm), $MSD (MOSAID), $GLN (GLENTEL), $BXI (BIO EXTRACTION). |
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stevenplace: Jul. 3 at 10:26 AM http://chart.ly/snhmfm $TNX – 10YY – potential support at 34, might be good place to short 10 year (long TNX) |
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wildcatter: Jul. 3 at 10:25 AM I forgot the markets are closed today $$ |
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stevenplace: Jul. 3 at 10:24 AM http://chart.ly/59az3d $TLT – 20YY – Inv H&S reversal, prev resistance has held as support (so far) |
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stevenplace: Jul. 3 at 10:23 AM $$ I’ve been mentioning for past 2 weeks how the reflation trade got a little crowded. Price action has confirmed my thesis. |
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stevenplace: Jul. 3 at 10:22 AM $$ Yep. Reflation. Long equities and commodities, short dollar and treasuries. Good call @1Gunnski |
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1Gunnski: Jul. 3 at 10:21 AM Reflation ?$$ |
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stevenplace: Jul. 3 at 10:20 AM Ok, on to our theme. What’s the theme I’ve been talking about all month??? $$ |
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stevenplace: Jul. 3 at 10:19 AM $$ Me, personally, I’ll be selling put spreads at 8750 and focus on individual names to short. |
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stevenplace: Jul. 3 at 10:19 AM $$ Some think the pattern will fail due to it being so common, others think it will work well for same reason. |
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1Gunnski: Jul. 3 at 10:18 AM @1Gunnski The (3) Rules you look for. Thxs. $$ |
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stevenplace: Jul. 3 at 10:18 AM $$ Traders’ analysis of that chart pattern seeming very Vizzini-esque (princess bride anyone?) |
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stevenplace: Jul. 3 at 10:17 AM $$ Some quick thoughts on market psychology and the chart pattern everyone’s seeing: That Stupid Head And Shoulders |
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1Gunnski: Jul. 3 at 10:15 AM @stevenplace Can you highlight or circle those areas on a chart as example? For a knucklehead like me. Thanks! $$ |
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traderclubtirol: Jul. 3 at 10:15 AM The only question left to a boring trading day in Germany: DAX 4.700 level holding ? – overview to indices & Futures http://is.gd/1maig $$ |
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stevenplace: Jul. 3 at 10:14 AM @wallstCS Thursday $ES_F between 930 and 10 great example of “open drive” auction ES_F |
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BrianKellyKanun: Jul. 3 at 10:14 AM Yesterday’s CNBC appearance on $XLE short- http://bit.ly/Kfvub XLE |
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sharptraders: Jul. 3 at 10:14 AM @stevenplace…thots on $BNHNA thx BNHNA |
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stevenplace: Jul. 3 at 10:13 AM http://chart.ly/qkfyxq $RUT – At a critical level, potential trendline support. Watching here. TSE:RUT |
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robpas: Jul. 3 at 10:13 AM $$ Wash Post lobbyist scandal-looks like the Post was creating new biz like Gerson Lehman Expert svc-I worked w Bear Stearns on similar biz |
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wallstCS: Jul. 3 at 10:12 AM @stevenplace what is “open-drive” market structure? $$ |
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stevenplace: Jul. 3 at 10:11 AM http://chart.ly/gbdsww $QQQQ – One of the more constructive indicies in terms of price patterns. Tech is an area I’ve overlooked QQQQ |
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stevenplace: Jul. 3 at 10:10 AM $$ Those three rules have worked quite well for past few weeks |
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howardlindzon: Jul. 3 at 10:10 AM once again…please help stocktwits tv get @zerohedge and @denniskneale on for a debate. pester away. $$ |
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stevenplace: Jul. 3 at 10:10 AM $$ 1: A gap above/below r1/s1. 2: open-drive market structure. 3: No counter TICK readings for first 30 min. |
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stevenplace: Jul. 3 at 10:00 AM $$ Good morning everyone! Welcome to stocktwits brunch. I am your MC for the next 2 hrs. |
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steenbab: Jul. 3 at 9:59 AM 8:59 AM CT – Here is a day by day look at upside and downside momentum in stocks & how I measure it:http://rurl.org/1nsl$$ |
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howardlindzon: Jul. 3 at 9:58 AM stocktwits brunch with @stevenplace begins at 10 am est…tune in $$ |
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