StockTwits Brunch Transcript: Saturday June 27, 2009
- jamross
- June 27th, 2009
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StockTwits: Jun. 27 at 11:59 AM Thanks @stevenplace and the crew for another fantastic brunch | For more from Steve go to http://bit.ly/Q9iUq |
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1Gunnski: Jun. 27 at 11:57 AM @stevenplace Great job as always Steve. Always learn alot. Thanks & have safe travels. I am on my way to the horseraces, Risk-Reward. $$ |
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NJHounds: Jun. 27 at 11:55 AM @stevenplace make sure to stop at Mothers for a Po-boy! Safe travels and thanx for the morning insights $$ |
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sharptraders: Jun. 27 at 11:55 AM I mean (w/the $) $$ |
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crabrieker: Jun. 27 at 11:54 AM Big shouts to the helpful peeps out there in stocktwits! @stevenplace @rocksolidtrades @coffeygrinds @chartingstock @zerohedge huge thx! $$ |
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mike_sb: Jun. 27 at 11:54 AM “Historically, the single best predictor of the Standard & Poor’s 500-stock index was butter production in Bangladesh.” $$ |
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sharptraders: Jun. 27 at 11:54 AM Those are tix (w/ the $0 at stockcharts.com not sure what they are elsewhere $$ |
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stevenplace: Jun. 27 at 11:54 AM $$ And with that, you all have a great weekend– I’m off to New Orleans for some R&R |
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stevenplace: Jun. 27 at 11:53 AM $$ Remember, don’t force any trades in this tape as the market will fade YOU.. let the setups come to you and stay disciplined! |
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sharptraders: Jun. 27 at 11:53 AM @stevenplace Maybe for next week the underlying for 2x & 3x Financial Ultras $RIFIN $DJUSFIN $$ |
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stevenplace: Jun. 27 at 11:53 AM $$ There’s been some great setups that have come across the screen (both short and long) and I’m already structuring trades for them |
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stevenplace: Jun. 27 at 11:52 AM $$ In terms of sectors, I like commodities short and healthcare long. |
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stevenplace: Jun. 27 at 11:51 AM $$ I’m actually looking for an uptick in volatility going into july, but that trade is not for the faint-hearted! |
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stevenplace: Jun. 27 at 11:51 AM $$ Currencies and equities have been consolidating, and I’ll wait for a break either way in the channels they’re in. |
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NJHounds: Jun. 27 at 11:50 AM @stevenplace understand and not disagreeing with you re: AG’s – just a heads up re: NAZ trend $$ |
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stevenplace: Jun. 27 at 11:50 AM $$ Ok I think that wraps it up for now. Let me close on a couple comments. |
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stevenplace: Jun. 27 at 11:48 AM @NJHounds hey i’m agreeing with you on the flag breakouts, but not seeing it in commodities. I like those patterns though. $$ |
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esecfutures: Jun. 27 at 11:48 AM RT @snoopyjc: Insider sales outnumbered purchases by 22-to1 ratio this month : http://bit.ly/1aqal8 $$ |
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stevenplace: Jun. 27 at 11:46 AM http://chart.ly/ha5mtt $URBN – Can play this channel on a break to the upside URBN |
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ForeverCaroline: Jun. 27 at 11:46 AM great article brilliant : #biology #leadership #adaptive bussiness models http://tinyurl.com/m3e7yn $$ |
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snoopyjc: Jun. 27 at 11:46 AM Insider sales outnumbered purchases by 22-to1 ratio this month : http://bit.ly/1aqal8 |
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NJHounds: Jun. 27 at 11:46 AM @stevenplace or $WCRX breakout? WCRX |
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smilinghiker: Jun. 27 at 11:46 AM RT @volpivots http://chart.ly/m6em93 $ES_F Dave’s chart work has been actionable quality for a very long time ES_F |
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smilinghiker: Jun. 27 at 11:45 AM RT @volpivots http://chart.ly/m6em93 $ES_F – testing chart.ly Dave’s chart work has been actionable quality for a very long time ES_F |
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NJHounds: Jun. 27 at 11:45 AM @stevenplace $URBN ?? URBN |
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stevenplace: Jun. 27 at 11:44 AM http://chart.ly/eax63c $FSLR – Gap has filled, I think prev resistance should become support; good low risk long entry here FSLR |
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ryanjohn: Jun. 27 at 11:43 AM @stevenplace what does breakout mean? talk to me about $BQI and $RAD for a sec too plz BQI RAD |
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stevenplace: Jun. 27 at 11:43 AM I used $FSLR as an example on how I trade iron condors: http://bit.ly/kobso FSLR |
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stevenplace: Jun. 27 at 11:42 AM @Neurobot $SQNM and $AGEN not my style, don’t have an edge so won’t try and provide commentary AGEN SQNM |
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stevenplace: Jun. 27 at 11:41 AM http://chart.ly/vnv5m4 $SLW – Pullback to demand area has held. SLW |
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1Gunnski: Jun. 27 at 11:41 AM $ICXT long @ 6.16 if you can squeeze it in. Thxs! ICXT |
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stevenplace: Jun. 27 at 11:41 AM Not going to chart $ELY but looks like death. ELY |
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Rrubrig: Jun. 27 at 11:41 AM @stevenplace $FSLR Please FSLR |
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snoopyjc: Jun. 27 at 11:40 AM MarketClub: “Energy Fields” predict 1250 gold (125 on $GLD): http://bit.ly/xFeb4 GLD |
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virtualista: Jun. 27 at 11:40 AM fantastic AM chat on tinychat with @traderalamo and friends. $$ |
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1Gunnski: Jun. 27 at 11:39 AM $$ Light Vol. moves. Correction. Sorry. |
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stevenplace: Jun. 27 at 11:39 AM http://chart.ly/w7t3t5 $AFAM – Clean pattern, reasonable risk/reward. On my list for next week. AFAM |
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1Gunnski: Jun. 27 at 11:38 AM $SPY short trading week. Lots of news coming out. Should be very interesting. Lot Vol. moves. SPY |
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ryanjohn: Jun. 27 at 11:38 AM what do you mean by breakout? Sorry. and what about $MDRX? MDRX |
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Neurobot: Jun. 27 at 11:38 AM @stevenplace $SQNM and $AGEN are risky, but the sector is in a good momentum. Are you watching them? AGEN SQNM |
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stevenplace: Jun. 27 at 11:37 AM http://chart.ly/f6mz4p $AMED – Not my favorite but it certainly has potential AMED |
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stevenplace: Jun. 27 at 11:36 AM @NJHounds well I’ve got bear flags throughout the commodity sector so we’ll see how that pans out $$ |
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arcamarcam: Jun. 27 at 11:36 AM $SLW please SLW |
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NJHounds: Jun. 27 at 11:35 AM @stevenplace lots of bull flags coming up on my NASDAQ 100 scans – bodes well for bulls next week IMHO $$ |
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stevenplace: Jun. 27 at 11:35 AM @traderflorida I don’t chart ultras, just their underlying. So check out $IYR chart I put up earlier IYR |
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traderflorida: Jun. 27 at 11:34 AM @stevenplace $srs SRS |
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Neurobot: Jun. 27 at 11:34 AM $RTN is on my short set up for the next week. BURN!! RTN |
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stevenplace: Jun. 27 at 11:33 AM Ok, coffee refill and then the home stretch. Let me know of any other requests $$ |
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designknob: Jun. 27 at 11:33 AM @stevenplace can you look at $ELY if you get a chance? Looks thoroughly broken to me. ELY |
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crabrieker: Jun. 27 at 11:32 AM @stevenplace likng hlthcr too. What’s ur take on $AMED & AFAM? I’m lookin for entry on $AMED if it dips under 32 AMED |
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upsidetrader: Jun. 27 at 11:32 AM $$ “WEEKEND LINKY DINKS ” http://bit.ly/Z9Wk5 HAPPY SATURDAY TWITTERDOM!!! |
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stevenplace: Jun. 27 at 11:32 AM @NJHounds yep. No play in $AGN until a trendline break. AGN |
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NJHounds: Jun. 27 at 11:31 AM @stevenplace $AGN will need to break downtrend line from April, no? AGN |
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stevenplace: Jun. 27 at 11:31 AM http://chart.ly/r8x6ev $MEDX – If i want to play this, it will only be on a gap fill. MEDX |
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Neurobot: Jun. 27 at 11:31 AM @stevenplace Great Steve! Good volume on $MENT last Friday could be a good signal too. Primary target at 550 and then 590. Tight stop. thnx MENT |
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stevenplace: Jun. 27 at 11:29 AM http://chart.ly/f355cz $AGN – Some more healthcare… where do you think I’m watching this week? AGN |
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stevenplace: Jun. 27 at 11:29 AM http://chart.ly/z94qny $MRK – And a potential healthcare breakout MRK |
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stevenplace: Jun. 27 at 11:28 AM http://chart.ly/s2zpgx $BAX – And another healthcare breakout… BAX |
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stevenplace: Jun. 27 at 11:27 AM http://chart.ly/5dtgvp $WYE – And another healthcare breakout… WYE |
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scherf_com: Jun. 27 at 11:27 AM We’re looking forward to an interesting week, most likely an up week, … and then full swing into earnings season. We’re bullish! $$ |
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stevenplace: Jun. 27 at 11:26 AM http://chart.ly/f3gtx7 $BMY – Another healthcare breakout. BMY |
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stevenplace: Jun. 27 at 11:25 AM http://chart.ly/x8k29z $JNJ – Was a ripper on friday avo, first retest of 200DMA but good volume bar. Expecting a breakout JNJ |
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stevenplace: Jun. 27 at 11:23 AM http://chart.ly/vz7kfz $X – A good looking pb to 32.5 — that price level is an acceptable stop level if you’re long X |
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stevenplace: Jun. 27 at 11:21 AM @Neurobot I saw that too on $MENT. As long as support holds at 5, should be a good trade MENT |
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stevenplace: Jun. 27 at 11:20 AM http://chart.ly/x8zgd5 $RTN – I’ve no edge in the stock. Maybe a breakout trade above 200DMA? RTN |
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Neurobot: Jun. 27 at 11:18 AM $MENT riding 61.8% retracement. May run up to 50 and 200SMA MENT |
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stevenplace: Jun. 27 at 11:18 AM http://chart.ly/3rxwwd $MOS – Like many other ags, looks like death. I’m looking at selling an Iron Condor in this with puts @40 MOS |
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stevenplace: Jun. 27 at 11:16 AM http://chart.ly/spvcp3 $SNPS – Has broken earnings low, probably will weaken to 17.25 SNPS |
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tsbalaji: Jun. 27 at 11:15 AM $PALM, $AAPL, http://bit.ly/twKjY; this is a lot of fun. Lets see how $AAPL hits back… AAPL PALM |
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stevenplace: Jun. 27 at 11:15 AM http://chart.ly/xhr9ez $MENT – Just trade it of the $5 level. If it breaks get short. MENT |
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stevenplace: Jun. 27 at 11:14 AM http://chart.ly/3tg5z2 $JACK – Restaurants have been weak as of late; this may find support around this level– wait for cnfrmation JACK |
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stevenplace: Jun. 27 at 11:12 AM http://chart.ly/6d9we4 $M – Waiting for channel break to upside. M |
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sharptraders: Jun. 27 at 11:12 AM $ZIXI was one of my biggest percentage losers of all time ZIXI |
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1Gunnski: Jun. 27 at 11:11 AM $ZIXI http://tinyurl.com/kllwg8 ZIXI |
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stevenplace: Jun. 27 at 11:11 AM http://chart.ly/ntgzam $MON – No reason to catch knives. Maybe a 70 put sale when it goes down further MON |
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sharptraders: Jun. 27 at 11:10 AM @stevenplace Thx on $HWKN You were right on $TIE last week however I decided to hold for now…Doug HWKN TIE |
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stevenplace: Jun. 27 at 11:10 AM http://chart.ly/3wmg33 $KKD – People still trade this? Potential support at 225 from prev earnings run KKD |
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volpivots: Jun. 27 at 11:10 AM Intraday ETF laggards: $XME (metals), $GDX (gold), $DBB (copper), $USO (crude), $SLV (silver), $EWT (Taiwan), $XHB (homebuilders) DBB EWT GDX SLV USO XHB XME |
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stevenplace: Jun. 27 at 11:08 AM http://chart.ly/mqxrsz $ARST – Great uptrend, OBV at highs, large accumulation. I like it. ARST |
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volpivots: Jun. 27 at 11:07 AM Intraday ETF leaders: $IGE (NG equities), $UNG, $IWC (microcap), $IJR (smallcap), $RKH (banks), $IAI (brokers), $PHO (water), $RWR (REIT) IAI IGE IJR IWC PHO RKH RWR UNG |
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stevenplace: Jun. 27 at 11:06 AM http://chart.ly/drtv72 $NUE – Provided commodities and sector strong, and trendline holds, I like this as a long play. NUE |
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stevenplace: Jun. 27 at 11:04 AM http://chart.ly/khcp46 $ZIXI – I know nothing about company but this screams pump and dump. ZIXI |
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paulrubillo: Jun. 27 at 11:04 AM Just put up a post with some high dividend yield standouts. Sunoco Logistics Partners LP ($SXL) is one of them to keep an eye on. SXL |
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stockfrocker: Jun. 27 at 11:03 AM @stevenplace $JNJ? JNJ |
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stevenplace: Jun. 27 at 11:03 AM http://chart.ly/5hbqpa $HWKN – Wow. I think that’s all time highs on huge volume. Something to keep an eye out on… HWKN |
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Neurobot: Jun. 27 at 11:01 AM @stevenplace Can you please cover $RTN? if you have some time.. RTN |
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johnwelshphd: Jun. 27 at 11:00 AM @TryTheWine After friday action on $PARD, I guess the only thing I learned is I was right but sold too early. =) Russell action surprising. PARD |
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stevenplace: Jun. 27 at 11:00 AM http://chart.ly/agd2xf $JOYG – Picture perfect pb to breakout; if it tags price a second time don’t take trade JOYG |
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stevenplace: Jun. 27 at 10:59 AM http://chart.ly/6x5n5q $CREE – Watching trendline and support at 29 CREE |
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johnwelshphd: Jun. 27 at 10:59 AM $CAEI, 15k 2.03. Hard mental stop $1.97. Does not open up on monday on all this contract confusion, will exit position. CAEI |
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stevenplace: Jun. 27 at 10:59 AM http://chart.ly/ys92c4 $AMAT – Still stalking this channel with a break to upside AMAT |
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stevenplace: Jun. 27 at 10:58 AM http://chart.ly/zbvrnr $RIMM – Why anyone would want this as a long right now is beyond me; low vol pb so far RIMM |
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stevenplace: Jun. 27 at 10:57 AM http://chart.ly/r97eeg $HAL – Selling 20 puts could make sense here; although if it breaks a good short momo trade it will make HAL |
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johnwelshphd: Jun. 27 at 10:57 AM $XOMA, big disappointment so far. Holding 20k from .91, and friday russell selloff did not help. Will comment more after monday action. XOMA |
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stevenplace: Jun. 27 at 10:57 AM http://chart.ly/bgggy2 $DO – Found support from prev resistance. As long as oil stabilizes, support should hold. DO |
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akreitman: Jun. 27 at 10:57 AM @ycharts Over 20 years, $MSFT outperfroms by a wide margin over the entier period. MSFT |
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stevenplace: Jun. 27 at 10:56 AM WRT $FCX can use prev support levels with fibonacci confluence to find a proper entry point. FCX |
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johnwelshphd: Jun. 27 at 10:56 AM $PMTI long term hold 500 shares 15.10. Will double down if PMTI somehow gets to $11, will update on any news events, like company here. PMTI |
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maoxian: Jun. 27 at 10:55 AM Shameless self promo: ETF Newsletter in the email. Reading econobloggers on China will never make you a dime $FXI http://tr.im/paid21 $$ FXI |
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stevenplace: Jun. 27 at 10:55 AM http://chart.ly/hkspg2 $FCX – Clear trend break, I’m expecting this to pullback further. Maybe. FCX |
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johnwelshphd: Jun. 27 at 10:55 AM $SQNM, $ARNA updates. Status quo, 2k SQNM 3.50, and 5k ARNA 4.57 still holding. SQNM news this week a positive, waiting on Q4 results. ARNA SQNM |
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volpivots: Jun. 27 at 10:54 AM http://chart.ly/m6em93 $ES_F – testing chart.ly ES_F |
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1Gunnski: Jun. 27 at 10:54 AM http://chart.ly/h6cvmg $LL LL |
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stevenplace: Jun. 27 at 10:54 AM http://chart.ly/w4kgk4 $SBUX – So far so good, has been stairstepping higher. Price action at 1550 will be interesting SBUX |
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elwalvador: Jun. 27 at 10:52 AM @stevenplace $KKD Krispy Kremme Donuts. Hum… Donuts KKD |
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stevenplace: Jun. 27 at 10:52 AM http://chart.ly/cadyvg $AAPL – Hate talking about this stock as EVERYONE has an opinion, but great looking pb to breakout play AAPL |
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stevenplace: Jun. 27 at 10:52 AM $$ So now onto individual charts! If you’ve got requests, let me know (I’ve got ~20 set up so far) |
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stevenplace: Jun. 27 at 10:50 AM $$ I’m assuming that index vol gets hit harder than individual vol. |
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stevenplace: Jun. 27 at 10:50 AM $$ Essentially I’m selling options on indexes like $GLD and $IYR but picking up individual names for trades GLD IYR |
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stevenplace: Jun. 27 at 10:50 AM $$ So for the intermediate term I am a contrarian on volatility right now. Here’s my overall strategy: sector dispersion |
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stevenplace: Jun. 27 at 10:49 AM Once again I defer to $VIX seasonality chart from @Vixandmore: http://chart.ly/s5fdg8 VIX |
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Jyakku: Jun. 27 at 10:49 AM AT&T ($T) has seen a steady fall, despite iPhone 3.0 software and the 3GS. It will be a millenia before I understand the stock market. T |
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stevenplace: Jun. 27 at 10:48 AM $$ Essentially, volatility has been poleaxed. We’ve got a holiday weekend coming up and people are pricing in summer doldrums |
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stevenplace: Jun. 27 at 10:47 AM $$ So before I get into individual stocks, let’s talk a little about volatility |
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stevenplace: Jun. 27 at 10:46 AM http://chart.ly/kd9cg9 $GDX – Miners shaping up pretty well; I’m looking to components for longs GDX |
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stevenplace: Jun. 27 at 10:45 AM http://chart.ly/dqrddy $MOO – Another broken sector, if $DBA weakens further, expect this to follow. I’ll sell puts at 31 DBA MOO |
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stevenplace: Jun. 27 at 10:44 AM http://chart.ly/hcw342 $SMH – Trendline broken, but successful test of 50dma, resistance at 2225 SMH |
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stevenplace: Jun. 27 at 10:43 AM http://chart.ly/46yhh6 $OIH – On short term watching this channel. Odds are for break to downside and I’ll play for a short OIH |
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stevenplace: Jun. 27 at 10:42 AM http://chart.ly/fbmt5x $OIH – Has support at 93, could be forming H&S top OIH |
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1Gunnski: Jun. 27 at 10:41 AM $BPTELE (Telecom) Bullish 22% Mkt., Summary @ StockCharts. Interesting. $$ |
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stevenplace: Jun. 27 at 10:41 AM http://chart.ly/nnyvcv $XLU – Let’s see if it can break out of its 27:28 range XLU |
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stevenplace: Jun. 27 at 10:40 AM http://chart.ly/sbf43x $XLV – One of the better looking patterns of the sectors XLV |
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ppearlman: Jun. 27 at 10:40 AM @LARRYKLO the program only on the all stream. wont hav tv w/ it for another couple weeks… some great charts and analysis on the stream $$ |
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stevenplace: Jun. 27 at 10:39 AM http://chart.ly/29ngmm $XLE – Found support at 46, but lots of trapped longs since may. I’m shorting on rallies XLE |
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stevenplace: Jun. 27 at 10:39 AM http://chart.ly/emebbd $XLY – Still in the channel of doom. I’ll trade long if it tags 22 for a low risk entry XLY |
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WallStreetJuice: Jun. 27 at 10:38 AM Infographic shows how low cost airlines keep costs down. http://bit.ly/GZHyw $RYAAY $LUV LUV RYAAY |
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stevenplace: Jun. 27 at 10:37 AM http://chart.ly/xfbk46 $XLB – Still lower highs, lower lows; chart is broken, need stabilization for long, i’m shorting components XLB |
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LARRYKLO: Jun. 27 at 10:37 AM $$ For twentyfive minutes I’ve been trying to tune in…but all I get is the twirling logo. help? |
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stevenplace: Jun. 27 at 10:36 AM http://chart.ly/dcybys $XLF – Still range bound, found support on previous “box” — i still find higher odds of touching 11 be4 13 XLF |
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volpivots: Jun. 27 at 10:36 AM $VIX looks like it wants to breakdown…$VXX is already pricing in a reduction in volatility. Welcome to summer trading. VIX VXX |
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paulrubillo: Jun. 27 at 10:36 AM First post just went up. Some great looking companies on the list, like Quality Systems ($QSII). QSII |
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stevenplace: Jun. 27 at 10:35 AM @Neurobot i’ll do some vixing here in a sec $$ |
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Neurobot: Jun. 27 at 10:34 AM @stevenplace but $VIX is breaking down.. at the lows for the year VIX |
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stevenplace: Jun. 27 at 10:33 AM $$ Now, onto our sector quickfire. |
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1Gunnski: Jun. 27 at 10:32 AM $UUP which currency pairs do you suggest as good indicators vs. $UUP, which I know you ref: as “dirty”. UUP |
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stevenplace: Jun. 27 at 10:32 AM $$ What we want to look for is if correlations in the reflation trade start to break down. That would be interesting… |
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stevenplace: Jun. 27 at 10:32 AM $$ So for my forecast, this is a fader’s market until it isn’t. I’m still expecting volatility to pick up in next few months. |
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stevenplace: Jun. 27 at 10:31 AM @1Gunnski yep. Oz is big commodity exporter, so $AUDUSD correlated with commodities AUDUSD |
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stevenplace: Jun. 27 at 10:30 AM $$ Treasuries are higher, equities and currencies are neutral. I have a bearish bias towards $SPY but bearish on dollar SPY |
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1Gunnski: Jun. 27 at 10:30 AM $$ Strong commodities good indicator for $AUDUSD? AUDUSD |
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stevenplace: Jun. 27 at 10:29 AM $$ So thematically, we’re seeing some confusion, consolidation, and divergences |
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solarfeeds: Jun. 27 at 10:29 AM June 22-26: DJIA Down, NASDAQ Up, Solar Slips Again – $tan $fan $qqqq $stp $ener $palm – http://bit.ly/15wgXg ENER FAN PALM QQQQ STP TAN |
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stevenplace: Jun. 27 at 10:28 AM http://chart.ly/nvccww $GBPUSD – In channel as well, adam & eve bottom on int. term; odds say resolve to upside GBPUSD |
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stevenplace: Jun. 27 at 10:27 AM http://chart.ly/en7es9 $EURUSD – Has similar consolidation to aussie, may stay there until 50dma catches up EURUSD |
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stevenplace: Jun. 27 at 10:26 AM For $AUDUSD, you can play the channel until it doesn’t work AUDUSD |
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stevenplace: Jun. 27 at 10:26 AM http://chart.ly/8efqbz $AUDUSD – Multiple moving average crosses indicate consolidation and different timeframe traders at same price AUDUSD |
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stevenplace: Jun. 27 at 10:25 AM $$ Now, some currencies. |
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stevenplace: Jun. 27 at 10:24 AM @ycharts did you include $MSFT divvies in that calculation? MSFT |
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stevenplace: Jun. 27 at 10:24 AM http://chart.ly/bq9pvt $TNX – 10 yr treasury; def off its highs, possible support at 34 then 30.5 TSE:TNX |
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ycharts: Jun. 27 at 10:22 AM Are you a Mac or a PC? $AAPL returned > 800% during the last decade while $MSFT returned a negative 50+% http://blog.ycharts.com/ AAPL MSFT |
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stevenplace: Jun. 27 at 10:22 AM http://chart.ly/dx2tv6 $TLT – 20 yr UST etf; trend is still down but has made new int term highs TLT |
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krajnak: Jun. 27 at 10:22 AM @stevenplace if you have time, please look on any of these $JACK, $MENT, $SNPS JACK MENT SNPS |
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stevenplace: Jun. 27 at 10:21 AM http://chart.ly/pn56ga $GLD – Here’s the inv H&S everyone and their mother is watching. I’ve got iron condors sold in $GLD GLD |
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stevenplace: Jun. 27 at 10:20 AM http://chart.ly/cpfkm6 $DBA – If its trendline breaks, further weakness in $MOO warranted. I view this etf as a leader in commods DBA MOO |
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volpivots: Jun. 27 at 10:18 AM http://twitpic.com/8kf83 – $ES…bearish leanings early next week. Primary basis is the demand oscillator configuration. So far, can’t … ES |
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jerchess: Jun. 27 at 10:18 AM $apt is a stealth benefactor of h1n1 pandemic. Inching up week by week. Mask manufacturer. Low 2s. Heading 4 3s? APT |
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stevenplace: Jun. 27 at 10:18 AM $$ If we get a hard break in oil, 33 on $USO a reasonable target. Remember, $DTO is doubleshort oil- good for daytrading DTO USO |
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snoopyjc: Jun. 27 at 10:17 AM http://chart.ly/rrvd84 $SPX – here is my prediction for where we are heading next – up then DOWN! SPX |
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MoCheeks: Jun. 27 at 10:17 AM Wow! $AAPL Employee stock purchase plan during a wonky economy For The Win! AAPL |
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stevenplace: Jun. 27 at 10:17 AM http://chart.ly/hwb2qq $USO – 50 and 200 will provide negative feedback, constricting price. USO |
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stevenplace: Jun. 27 at 10:16 AM http://chart.ly/bbpa9c $USO – Found resistance at that 40 level, a pullback further quite feasible USO |
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stevenplace: Jun. 27 at 10:15 AM So we’ll take a look at some charts on commodities, then USTs, then currencies $$ |
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stevenplace: Jun. 27 at 10:15 AM $$ Remember, essence of reflation trade is long equities and commodities, short dollar and USTs |
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stevenplace: Jun. 27 at 10:14 AM $$ As retail investors we should be looking outside of the equity market to help us derive where money is flowing in and out of. |
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stevenplace: Jun. 27 at 10:14 AM $$ Now let’s get back to the main theme: the reflation trade. I’ve talked about it every single brunch. |
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stevenplace: Jun. 27 at 10:13 AM $$ That way if I decide to take directional trades on individual names, I’ll get some money back if chopped out |
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stevenplace: Jun. 27 at 10:12 AM For me, if we approach 95 again on $SPY, I’ll be selling OTM aug call spreads; vice versa for 87 SPY |
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stevenplace: Jun. 27 at 10:11 AM $$ Now for the next few weeks ahead, we should be asking ourselves “how will crowd react to price levels, and how should we react?” |
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stevenplace: Jun. 27 at 10:10 AM $QQQQ the most healthy index technically, but for some reason I didn’t pull up a chart. Was a good pb to 50DMA around 54.5 QQQQ |
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farazq: Jun. 27 at 10:10 AM @stevenplace Morning. Would love your thoughts on $DXO and $SLV DXO SLV |
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stockfrocker: Jun. 27 at 10:09 AM @stevenplace $MON and $M if possible. Thanks. M MON |
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stevenplace: Jun. 27 at 10:09 AM @1Gunnski I talked a lot about sentiment last week, see transcript for my thoughts $$ |
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elwalvador: Jun. 27 at 10:08 AM @stevenplace $KKD Krispy Kremme Donuts KKD |
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stevenplace: Jun. 27 at 10:07 AM @designknob great point, but I think to fulfill that pattern we need more significant pb on the indicies $$ |
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Evodchube: Jun. 27 at 10:07 AM check out these free ways to get paid for using your twitter http://bit.ly/yJze3 check me out there is more to come follow me and learn $$ |
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stevenplace: Jun. 27 at 10:07 AM http://chart.ly/sc5xs5 $RUT – The trendline I’m watching. That blue area will hold price down for a while if it approaches again TSE:RUT |
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ElPasoTom: Jun. 27 at 10:06 AM $$ Not a bad trading week up .61 on 5k sh $DRYS for $3,050… +.81 on $TNP $4,050… dn on $FAS -$5,000 net gain $2100 for wk still holding DRYS FAS TNP |
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stevenplace: Jun. 27 at 10:05 AM http://chart.ly/8enpgr $SPY – I don’t know when it will break, but I’m looking for a break of either 88 or 95 so we can move on SPY |
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consultski: Jun. 27 at 10:05 AM #Throughput: $NFLX biz model http://tinyurl.com/otg287 NFLX |
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elwalvador: Jun. 27 at 10:04 AM $$ Ah ok, thanks guys |
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stevenplace: Jun. 27 at 10:04 AM $$ We could be forming what looks like a H&S on the S&P, but a lot of people are following that pattern so failure is possible |
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ppearlman: Jun. 27 at 10:04 AM @elwalvador its on the all stream. we wont have vid with it for another week or two. $$ |
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stevenplace: Jun. 27 at 10:03 AM http://chart.ly/2bsrny $SPY – First up- still stuck in channel; price action moving faster, similar to may vs early june SPY |
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cfrazierjr: Jun. 27 at 10:03 AM @Dylin_ I’m glad you enjoyed the $AAPL video. Phil is crude, but so far he’s been right on with the gangsters on Wall Street. AAPL |
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1Gunnski: Jun. 27 at 10:02 AM @stevenplace $ZIXI helped yesterday. Brokeout of Symmetrical Triangle. Nice hit. ZIXI |
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stevenplace: Jun. 27 at 10:02 AM $$ I’ll be writing down requests over next 2 hrs so you can just throw them my way at any time |
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stevenplace: Jun. 27 at 10:01 AM $$ Here’s how the structure of today will go. First equity index commentary; then themes; then sectors; then stocks |
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sharptraders: Jun. 27 at 10:01 AM @stevenplace Thots on HWKN…thx…Doug $$ |
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sharptraders: Jun. 27 at 10:01 AM Russ Rebalance http://bit.ly/137C40 |
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stevenplace: Jun. 27 at 10:00 AM $$ Good morning everyone and welcome to stocktwits brunch. Hope you had a profitable trading week. |
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sharptraders: Jun. 27 at 10:00 AM Russell Rebalance http://bit.ly/137C40 |
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1Gunnski: Jun. 27 at 9:59 AM @stevenplace Great “Happy Hour” last night! Thank you for the great work. Any thoughts on $ICXT long @ 6.16? Thxs. ICXT |
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megamixx: Jun. 27 at 9:54 AM 6-27-09 $DELL is topping: http://dowcrashes.com/updates.aspx DELL |
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StockTwits: Jun. 27 at 9:50 AM StockTwits Brunch with @stevenplace starts in 10 minutes. Get yourself a good cup of java and tune in here.. .. http://bit.ly/yWSVu |
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Tickers: Brunch
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