MacroTwits Transcript: Sunday Mar 29, 2009

Transcript from Brunch with @tickerville (and evil twin @tickerville2) below. Had some great participation this week. Check in again next week for the StockTwits Brunch with @tickerville; 10am-12pm every Saturday morning.

bimmertrader: Mar. 28 at 12:03
$$ thanks @tickerville another great brunch. anyone looking to learn trading i would recommend his site.trader http://www.tickerville.com/
taddpole: Mar. 28 at 12:02
@tickerville2 Thanks – another educational brunch
BarrieAbalard: Mar. 28 at 12:01
@tickerville2 I learn so much from these brunches. Thank you so much for doing them.
raddadd: Mar. 28 at 12:01
I could learn a lot here.
StockTwits: Mar. 28 at 12:01
great session once again. Thanks Q man. Be sure to stop in next week, same time and place for Brunch w @tickerville
pipmaestro: Mar. 28 at 12:01
@tickerville2 thanks
urban_ryno: Mar. 28 at 12:00
@tickerville2 thank you tickerville for a great show! I’ll be with you watching the $XLF move out of current pattern. Have a great week.
aiki14: Mar. 28 at 12:00
@tickerville2 Great stuff today Q, glad I was able to attend
NJHounds: Mar. 28 at 12:00
@tickerville2 thanks again Quint
drkathe: Mar. 28 at 12:00
@tickerville2 I really like the way you went through the fins, tech, rails & infra, then oil & gas. Wonderful thinking process to follow
snoopyjc: Mar. 28 at 12:00
@tickerville2 Thanks so much!!!
tickerville2: Mar. 28 at 11:59
I hope everyone has a great week! Enjoy! Thanks again to @StockTwits for hosting, although coffee should be a little better! CU NEXT WEEK
tickerville2: Mar. 28 at 11:58
We could easily retrace quite a bit, but we need to be stalking entries and themes regardless.
tickerville2: Mar. 28 at 11:58
We covered a TON this week, and I hope everyone stayed with me. I think in summary we are in waiting and watching mode.
tickerville2: Mar. 28 at 11:57
If I don’t catch the actual break, I’ll wait until a prudent entry develops, and move in with stop below key break point ala $MOS
tickerville2: Mar. 28 at 11:56
@donahchoo re: break out or break down. If I play it while it happens, I set stop at day low and raise to break point.
tickerville2: Mar. 28 at 11:56
Evil step brother has been called to action.
donahchoo: Mar. 28 at 11:55
@tickerville general suggestions on how to play a break out or break down? I always seem to get them wrong, maybe lack of confirmation?
traderflorida: Mar. 28 at 11:54
@emini_trader chart looks very good to go much higher $bac
donahchoo: Mar. 28 at 11:53
@tickerville doesn’t $CHK seem like it just broke out of its uptrend on the hourly chart?
traderflorida: Mar. 28 at 11:53
@emini_trader I would have a very tight stop on this trade short
bradfranklin: Mar. 28 at 11:53
@tickerville thx 4 input. just scaled into new position $CHK yesterday @ close. made a killing trading it last yr before crash $$ $POT too
drkathe: Mar. 28 at 11:52
@bimmertrader meant covered calls on $AA
drkathe: Mar. 28 at 11:51
@bimmertrader knowing $AA, i’m quite comfortable with my apr 5 call options & that I’ll make a profit on them ($AA falls) before expiration
raddadd: Mar. 28 at 11:49
@tickerville I just sold $X for a 23% gain. Looks like a good one to follow.
tickerville: Mar. 28 at 11:48
@bradfranklin I like $CHK quite a bit. Similar pattern to others. Will break soon in one direction or the other.
AndrewNY: Mar. 28 at 11:48
@tickerville if you have time could take a look at the chart of $IMA
bimmertrader: Mar. 28 at 11:48
@tickerville if $X breaks 50d MA i would think you are right, but steel and $AA type plays just make me shiver
tickerville: Mar. 28 at 11:47
Another Steel on my radar http://bit.ly/22UwCj
tickerville: Mar. 28 at 11:46
I want to participate in a move like that re: $X even if it just comes back to the trend line resistance don’t you?
tickerville: Mar. 28 at 11:45
Much talk about commods and potential. I think this chart shows just how much potential http://bit.ly/cFV6T
snoopyjc: Mar. 28 at 11:42
$EOG looks like a good short – broke 50 DMA support, lower support almost non-existant
tickerville: Mar. 28 at 11:42
Note the battle going on here in $SLB. Again, bullish and bearish. Ultimate break will tell me where drillers go. http://bit.ly/DzO2
tickerville: Mar. 28 at 11:40
Oh man, 20 minutes to go and STILL SO MUCH I WANTED TO COVER. URGH
tickerville: Mar. 28 at 11:39
I can make bullish argument and bearish for this chart. Outcome will tell me SOOO much about the group. http://bit.ly/16hUW2
drkathe: Mar. 28 at 11:39
@stevenplace steven – thinking of moving ahead to May calls due to uncertainty about Apr earnings. your thoughts master option treader?
stevenplace: Mar. 28 at 11:36
@bradfranklin need a close above 20-ish on $CHK for price confirmation. You can’t combine charts and analyst reco’s through.
raddadd: Mar. 28 at 11:36
@tickerville Thanks for.$AGQ getting close to loss limit.
tickerville: Mar. 28 at 11:36
I believe this next chart shows the front lines of the battle in the O&G area. This chart will act as a big guide for me.
bradfranklin: Mar. 28 at 11:34
@tickerville u don’t like $CHK just upgraded by $GS natGas though lowest level 6yrs. does upgrade make sence? $$ chart looks like bottomed
tickerville: Mar. 28 at 11:34
Lots of requests for O&G area. This sure is an area that looks like it could go either way
tickerville: Mar. 28 at 11:33
@raddadd A few more days. That’s it
stevenplace: Mar. 28 at 11:32
@tickerville i’ll have an options trade lined up early in the week to play it [$VMW]
tickerville: Mar. 28 at 11:32
@aiki14 I watch 50 day, 200 day and 9 day.
bimmertrader: Mar. 28 at 11:32
yeah $mos is telling me to enter uner 44 low 43.. meh im picky like that :D risk/reward better
tickerville: Mar. 28 at 11:32
@stevenplace I agree. I like $VMW quite a bit. watching and waiting. http://bit.ly/anzr
stevenplace: Mar. 28 at 11:31
currently in a bull call spread on $MOS
tickerville: Mar. 28 at 11:30
@traderflorida Per request, $MOS which I like quite a bit. I want to re-enter. http://bit.ly/3B1rh
jjland: Mar. 28 at 11:28
what time frame on $GLD ? Inflation play will take longer…do you ever short gold?
rbl656: Mar. 28 at 11:27
@tickerville you mind going over $MOS chart
tickerville: Mar. 28 at 11:26
Housekeeping. I feel Twitter bot lurking. If I got silent, I’ll post under @Tickerville2
raddadd: Mar. 28 at 11:26
@tickerville How much time will you give $GLD?
snoopyjc: Mar. 28 at 11:26
When either the “fear” picks back up or inflation $GLD will do very well. I’m in it for the long run (with a collar in case I’m wrong).
tickerville: Mar. 28 at 11:26
@drkathe All of them
tickerville: Mar. 28 at 11:26
Wow, lots of meat and potatoes this week. Hope I’m keeping everyones attention. You have entered my real world and head. :)
tickerville: Mar. 28 at 11:25
whenever something is said to be a no-brainer, I get cautious. It was like following the CEO into $CHK. Hmmmm
tickerville: Mar. 28 at 11:24
It needs to get back above the weekly trend lines ASAP or I cut it and move on. It also bothers me that it is the inflation ‘no brainer’
tickerville: Mar. 28 at 11:23
I am long $GLD and starting to get a little anxious. I would suspect it to have followed through by now. http://bit.ly/pAbZG
drkathe: Mar. 28 at 11:22
@tickerville which commods do you follow the most?
tickerville: Mar. 28 at 11:21
Before we get into some other trade ideas, I want to talk about one chart that is rather concerning to me. I am long $GLD and may cut
bimmertrader: Mar. 28 at 11:21
@tickerville $goog $aapl $xom looking like they want to consolidate or about to turn, its a steep run. and im watching the 5MA. thoughts?
tickerville: Mar. 28 at 11:20
If commods follow suit soon, or actually lead after some consolidation, the media will paint it one way, but we’ll have known far ahead.
tickerville: Mar. 28 at 11:20
What you hopefully can see me doing and my whole point of this is how we can use charts to find themes.
aiki14: Mar. 28 at 11:20
@tickerville Front car on a roller coaster (Leaders) are still in front on both sides of the hill
tickerville: Mar. 28 at 11:19
Also, I think it’s important to remember our mystery chart from a few weeks ago, that has acted so well. $EEM
tickerville: Mar. 28 at 11:18
@rbl656 If I see the big boys breaking, I will, no doubt. If they don’t break, leaders ala high momentum will get crushed.
rbl656: Mar. 28 at 11:17
@tickerville Why not play the leaders like $GVA
tickerville: Mar. 28 at 11:15
I think it is prudent for us to prepare for either.
tickerville: Mar. 28 at 11:15
It either means the run in the first 2 is short lived, or the 3rd will follow suit very soon.
tickerville: Mar. 28 at 11:14
So, maybe not all trade worthy, but MUST go into the game plan. We have rails perking, infrastructure perking but commods lagging.
tickerville: Mar. 28 at 11:14
$FLR, $FWLT http://bit.ly/MOLbK http://bit.ly/4UTL
stevenplace: Mar. 28 at 11:13
@tickerville that’s the one thing that gives me pause about $SMH/$SOX
tickerville: Mar. 28 at 11:12
and last but not least, the big boys who have not run and are lagging. $FLR $FWLT
snoopyjc: Mar. 28 at 11:11
@tickerville Yes ($FCX)
bradfranklin: Mar. 28 at 11:10
@bradfranklin: @tickerville just getting here. I actually had a really good week!! hi everyone.. (apol 4 being late)
tickerville: Mar. 28 at 11:10
$MDR also consolidating nicely above recent lateral break. http://bit.ly/tQVLr
tickerville: Mar. 28 at 11:09
@snoopyjc Didn’t you tell me that about $FCX before its 30 % run?
stevenplace: Mar. 28 at 11:07
@tickerville seeing a really nice inv H&S on $JEC as well
tickerville: Mar. 28 at 11:07
@drkathe It would depend on when you took the trade, but remember these are swings, so risk is identified immediately, reward unknown
tickerville: Mar. 28 at 11:06
@aiki14 Yes, $RAIL and $ARII on my list as momo plays in the group.
tickerville: Mar. 28 at 11:06
$JEC broke out of a multi-month trend line after consolidating early move. http://bit.ly/11Nyt
aiki14: Mar. 28 at 11:05
@tickerville Look at $RAIL they make and repair the rolling stock , the chart supports your thesis IMO
tickerville: Mar. 28 at 11:03
Next up, and also interesting to note, that infrastructure plays started making themselves known this week.
drkathe: Mar. 28 at 11:03
@tickerville can you identify the risk-reward $CSX vs $NSC? tks
snakewalk: Mar. 28 at 11:02
@tickerville hey. hope you dont mind me using those two $XLF levels. make your vote. I made mine http://snappoll.com/poll/320256.php
tickerville: Mar. 28 at 11:02
So, rails have started to percolate. Interesting to note because as @aiki14 mentioned they transport ‘stuff’
tickerville: Mar. 28 at 11:02
@NJHounds I see excellent volume coming into these rail charts.
tickerville: Mar. 28 at 11:01
$NSC has a similar pattern yet I like the risk reward on $CSX better. http://bit.ly/RC3J0
tickerville: Mar. 28 at 11:01
@aiki14 Rails are moving, don’t over think it.
NJHounds: Mar. 28 at 11:00
$$ @tickerville ur not worried about lack of volume on break?
brainFX: Mar. 28 at 11:00
@rdv_daytrader I only trade the $ES_F currently; no currencies
aiki14: Mar. 28 at 11:00
@tickerville Rails wont move til there something in the rail cars, Ind Metals, Coal, etc. Watch for false moves on low fuel costs
snoopyjc: Mar. 28 at 10:59
@drkathe True about $GLD and fear trade. Maybe $UUP/$UDN is better inflation measure, but it’s only comparing ours vs. theirs (currencies)
tickerville: Mar. 28 at 10:59
As noted in that chart, I would use 1 more day of weakness to start my position with a stop below Thursday’s low.
tickerville: Mar. 28 at 10:58
$CSX is one of my favorites that broke out on Thursday. The consolidation on Friday was very healthy. http://bit.ly/zF0yZ
bweikulrich: Mar. 28 at 10:58
Great pic on the essence of trading these ETFs, the love & hate of $FAS http://twitpic.com/2iqet
kunal00: Mar. 28 at 10:57
$arst got 80m in cash no debt. very good growth and it sells to govt(best place to be right now) http://bit.ly/aqAj
drkathe: Mar. 28 at 10:57
@snoopyjc $GLD and any gold trades confounded by the “fear trade” & not just inflation
brainFX: Mar. 28 at 10:56
@rdv_daytrader Are you enjoying your Saturday? As for $ES_F next week, I trade in the moment. The market tells me what to do.
tickerville: Mar. 28 at 10:55
and these are areas I want to be in . Let’s look at some charts.
tickerville: Mar. 28 at 10:55
because, this week a few areas showed up that would make sense to start a run here. Rails and Infrastructure.
snoopyjc: Mar. 28 at 10:55
@tickerville $GLD chart should show inflation, along with commodities like $DBA
dakapbj: Mar. 28 at 10:54
@tickerville wasnt the $xlf bouncing on that Nov number on friday?
tickerville: Mar. 28 at 10:54
But, maybe we just have to be patient and give these charts time. It is why I keep coming back to them, wondering if they bust out soon
aiki14: Mar. 28 at 10:54
@tickerville Commodities still scare the big money, until the infrastructure materializes they are timid going in
taddpole: Mar. 28 at 10:54
@snoopyjc RT @tickerville @stevenplace Bingo!!!! They led us from the start, with everything following. http://bit.ly/lNPvc
raddadd: Mar. 28 at 10:54
@tickerville Commods not running b/c no concivtion economy improving?
drkathe: Mar. 28 at 10:53
@tickerville much too early for inflation
kunal00: Mar. 28 at 10:53
$arst this stock is a monster..huge accumulation.Great industry.Im buying on pullback http://bit.ly/ntCdM
tickerville: Mar. 28 at 10:53
@NJHounds I am watching the Nov low. I think that is important. Re: $XLF
tickerville: Mar. 28 at 10:52
Even though I work in silence, I still hear everyone yapping about re-inflation, yet the moves just aren’t there yet.
drkathe: Mar. 28 at 10:52
@tickerville yes, that’s why i made more $$ this week – respecting the chart per your suggestions.
NJHounds: Mar. 28 at 10:52
$$ @tickerville Is lower end of channel 8.67 or 7.67 ?
tickerville: Mar. 28 at 10:51
If market is running, why are commods not really participating? Glad that they didn’t lead us, but they’re really lagging
snoopyjc: Mar. 28 at 10:51
@tickerville Did you post an $XLF chart?
tickerville: Mar. 28 at 10:51
Now, let’s talk about a few things that concern me a bit, but I have to be careful not to cross into macro land.
tickerville: Mar. 28 at 10:50
We don’t have to know the catalyst or care about it, much less agree with it. We just have to respect the chart movement.
tickerville: Mar. 28 at 10:50
I didn’t mean to bunt on the FASB question. My point is that I won’t become consumed with it, but maybe that is the catalyst
tickerville: Mar. 28 at 10:50
@NJHounds Yes, bingo! I was initially concerned about the $XLF but when i review daily chart I see sideways action.
snoopyjc: Mar. 28 at 10:50
@fortune8 Agreed – @alphatrends uses the 5 SMA a lot for short-term trends. I like looking at the 50 SMA, RSI, MACD and Stochastics.
tickerville: Mar. 28 at 10:49
I hope all that makes sense. We are at a critical juncture and to remain truly open minded and flexible, means you understand the tape.
agwarner: Mar. 28 at 10:48
@TraderAlamo that was oddly large volume in $OIH March 75 puts, likely bought, not large in grander scheme though
tickerville: Mar. 28 at 10:48
But trust me, if fins cooperate, areas like Semiconductors is where I want to be. That is seeing the new money flow in.
tickerville: Mar. 28 at 10:48
@aiki14 Tech is leading us in % terms. No question, but they were more healthy than fins. Fins are our tell, like the engine.
bimmertrader: Mar. 28 at 10:48
@tickerville also on $XLF it touched its lower weekly trendline and threatened to break.
NJHounds: Mar. 28 at 10:48
@tickerville Couldn’t that be called “consolidation” based on overall market flatness?
tickerville: Mar. 28 at 10:47
So now I am in waiting mode to see. It’s simple. $9.70 up, $8.67 down.
Brodieville: Mar. 28 at 10:47
is anybody getting some $RIMM long before next week’s earnings? it’s very tempting to get in before Thursday. Agree, disagree? anyone?
Blackhorse: Mar. 28 at 10:46
@ericjackson How would you measure “good”? More $, quality of life, etc? I heard $MER pay was cut up to 70%. Motivates looking elsewhere.
tickerville: Mar. 28 at 10:46
Understanding this, is what took me to heavy cash, because I did not like how the fins stagnated to end the week.
drkathe: Mar. 28 at 10:46
@tickerville Do you look for break intraday or final closing? $XLF
aiki14: Mar. 28 at 10:46
@tickerville heard pundits saying the leaders out are rarely the leaders in, and to look to tech for the rally, I don’t buy into that
snoopyjc: Mar. 28 at 10:46
@tickerville Yeah, but I’m loving my $FCX (with a collar for safety)
tickerville: Mar. 28 at 10:46
Then you can feel confident playing other sectors.
tickerville: Mar. 28 at 10:46
So, if you want to look like a genius. Keep the $XLF in front of you and watch for a break down or a break up, out of the box.
tickerville: Mar. 28 at 10:45
@carzz Could care less about FASB. The chart will tell us all we need to know.
tickerville: Mar. 28 at 10:45
So, when I review this $XLF chart, I see our biggest tell on where we go from here. When it breaks in either direction it will tell us
carzz: Mar. 28 at 10:44
@tickerville How does FASB affect this?
tickerville: Mar. 28 at 10:44
This time, we started a rally based on financials, and stealth sectors like Semiconductors saw massive inflows of money
tickerville: Mar. 28 at 10:44
Each time, stocks like steel, copper, coal energy etc, would run but nothing else sustained momentum.
bimmertrader: Mar. 28 at 10:43
also of note on $XLF pure bank stops had a better day friday than your brokerage types a la $BAC $WFC while $GS $JPM seemed to lag
tickerville: Mar. 28 at 10:43
This is so very important to understand. All rallies we have seen until this one, was led by garbage. Crushed commods comming up for air.
raddadd: Mar. 28 at 10:43
No money ,no rally.
tickerville: Mar. 28 at 10:42
@stevenplace Bingo!!!! They led us from the start, with everything following. http://bit.ly/lNPvc
aiki14: Mar. 28 at 10:42
@bimmertrader agreed, last 4 days very undceided
stevenplace: Mar. 28 at 10:41
@tickerville $XLF led us into rally, if it is not making new highs while market is, then oversold conditions are nigh
aiki14: Mar. 28 at 10:40
@tickerville Financials an important indicator of market recovery?
bimmertrader: Mar. 28 at 10:40
$tickerville $XLF finnies are looking tired, lots of doji’s, broke trend no real vol, and 50day MA is still pointind down but lookng better
snoopyjc: Mar. 28 at 10:40
@fortune8 I use the 50SMA for short term trend, 200 for long-term. Every once in a while I look at the 20EMA.
tickerville: Mar. 28 at 10:40
This next chart is the most important. Can anyone tell me why?
kunal00: Mar. 28 at 10:39
still only 11% of stocks above 200dma http://twitpic.com/2j2ms
tickerville: Mar. 28 at 10:39
@aiki14 In the Q’s or S&P ?
fortune8: Mar. 28 at 10:38
@snoopyjc http://bit.ly/1F7Ode $spy – forgot the chart.
tradecruz: Mar. 28 at 10:38
@tickerville I am interested in swing trading
fortune8: Mar. 28 at 10:38
@snoopyjc true. but 200 is long term. what about using 4-8-21 for short term? $spy as an example
aiki14: Mar. 28 at 10:37
@tickerville How do you rate the mothertrend versus the jan feb resistance?
tickerville: Mar. 28 at 10:37
Lastly, the heart and soul of the tape. The fins, ala $XLF. Let’s break her down.
snoopyjc: Mar. 28 at 10:37
@tickerville So you’re looking for a “higher low” at this point on $SPY and $QQQQ
tickerville: Mar. 28 at 10:37
So, now we have S&P, and QQQQ all looking extended, but much improved. Could pull back quite a way and still remain healthy.
tickerville: Mar. 28 at 10:36
This is a very logical pullback point and any area into the Fair Game section is ok. This is the area we must keep on our radar.
tickerville: Mar. 28 at 10:35
Note how it already broke the big trend line going back to October, however has come right into overhead resistance from Jan and Feb
tickerville: Mar. 28 at 10:34
This is a picture of clear leadership here. http://bit.ly/12zIuv
snoopyjc: Mar. 28 at 10:34
@fortune8 Trouble with that is most ALL ETFs are below their 200 DMA! But please join us in the @tickerville breakfast conversation!
bimmertrader: Mar. 28 at 10:34
$qqqq is near 3160 resist level. a breakabove would be fab, but no vol toppy macd, stoch makes me weepy panda for to happen on this try.
stevenplace: Mar. 28 at 10:32
$ACI will be a good trade if it ever gets off the ground
tickerville: Mar. 28 at 10:31
Now, how about the $QQQQ. Chart coming.
bimmertrader: Mar. 28 at 10:31
$$ anyone else feel the Fed has pumped this market quite a bit, and the only ammunition they now have is mark to market and uptick?
fortune8: Mar. 28 at 10:31
http://bit.ly/1IrkVX An ETF Trend-Following Plan For All Seasons – good read for newbies and me
snoopyjc: Mar. 28 at 10:31
@tickerville Aaah – good – I’m a swing trader. Have to work during the day!! :-)
gracie28: Mar. 28 at 10:31
Even if day trading, major trendline support/resistance is something to notate and be aware of
drkathe: Mar. 28 at 10:31
I’m thinking of proceeding to May options due to uncertainty in near-term. your opinion?
tickerville: Mar. 28 at 10:31
So understand that, and should the bears start coming out and chest pounding, be on the look out for reversal and snap city.
tickerville: Mar. 28 at 10:30
But my point in this chart, is to understand we could go back quite a ways, and still put in significant higher low.
tickerville: Mar. 28 at 10:30
Getting lots of comments about the ‘cracks’ I see them too and will address.
tickerville: Mar. 28 at 10:29
But if you a swing trader as I am, you need to understand where the big river is flowing. Right now it is flowing up.
tickerville: Mar. 28 at 10:29
Meaning, if you a day trader, you shouldn’t care about that chart. You simply play the direction OF THE DAY.
tickerville: Mar. 28 at 10:29
So, the point is. It’s all about mindset, and more important THAN EVER at this stage is understanding your time frame.
aiki14: Mar. 28 at 10:28
@tickerville What ma’s are you using Q?
tickerville: Mar. 28 at 10:28
If we continue to go higher without consolidation, it will make playing it size much harder because there is no clear support area.
tickerville: Mar. 28 at 10:28
@snoopyjc Yes, that is my point. We need to digest this move, however it can come through sideways action or a drop.
tickerville: Mar. 28 at 10:27
OK, Cat like reflexes. We’ll use this method today. http://bit.ly/11Rqxu $
snoopyjc: Mar. 28 at 10:27
@tickerville What do you think of the recent “V” bottom – that had me thinking this rally is very long in the tooth
snoopyjc: Mar. 28 at 10:26
Must be a TwitPic problem!!
tickerville: Mar. 28 at 10:25
Hmmm, large pictures are working on TwitPic, let me fire up the ole FTP.
tickerville: Mar. 28 at 10:24
Ideally, what I would LOVE to see happen, is for us to digest this recent move in some form or fashion. Sideways or down.
tickerville: Mar. 28 at 10:24
@drkathe Not at all. I will take shorts if they present day trading opportunities, but as swings, very unlikely.
aiki14: Mar. 28 at 10:23
See if this works for $SPX daily, trend line in white http://twitpic.com/2j21h
taddpole: Mar. 28 at 10:23
@trade114 Twitpic fullsize hasn’t been working for me since Thurs I think – only tried few times tho
tickerville: Mar. 28 at 10:23
We’ll touch on that in a bit.
tickerville: Mar. 28 at 10:23
Let me recant something however, as there are individual sectors that do look interesting to me for swing shorts. $IBB i started Fri.
bimmertrader: Mar. 28 at 10:22
as for $SPX major movers this week, finnies, tech, home builders, and transports. finnies RE seem to have sputtered, while tech still moving
trade114: Mar. 28 at 10:22
@tickerville says the photo doesn’t exist anymore?? not sure if this is just my comp
tickerville: Mar. 28 at 10:22
Try this one. Sorry. S&P 500 http://twitpic.com/2j203
drkathe: Mar. 28 at 10:22
@tickerville Does that mean no $FAZ for a “short”
raddadd: Mar. 28 at 10:22
@tickerville Do you think we’ll rally some more or fall back in?
tickerville: Mar. 28 at 10:21
Hmmm. wonder why you can’t few full size. Let me resize and put it up again.
tickerville: Mar. 28 at 10:21
This is a reason you won’t hear me talking about longer term shorts for a LONG time, unless we start challenging March lows.
tickerville: Mar. 28 at 10:20
Those looking to swing trade, must know that we could easily pull back to anywhere in this area and still put in a higher low.
tickerville: Mar. 28 at 10:20
I have labeled an area on the chart that says ‘Fair Game’ to show just how much open space we have that we could pull back.
tickerville: Mar. 28 at 10:19
Here is daily S&P 500. You can see we still have run quite a ways with big resistance overhead. http://twitpic.com/2j1vm
snoopyjc: Mar. 28 at 10:18
The “V” bottom had me thinking it’s time to go short
bimmertrader: Mar. 28 at 10:18
$$ agree pullbacks are healthy, political pumping of this market is not. that is why im skeptical short term.
tickerville: Mar. 28 at 10:16
The pullback had the proper character of being healthy and was needed after the fast and furious run. Now let’s look at S&P and discuss
rbl656: Mar. 28 at 10:16
@tickerville can you cover $MOS when you do individual charts
tickerville: Mar. 28 at 10:16
OK, last week we talked quite a bit about the ‘health’ of the pullback. So many were looking to short, but we concluded that was wrong.
tickerville: Mar. 28 at 10:15
@snoopyjc The reason I cover those is not to trade, while they do present good ideas, but to understand general market flow.

tickerville: Mar. 28 at 10:14
That is what I did and that is what you are all doing. Our brunch will take on a new life soon, I am PUMPED!
drkathe: Mar. 28 at 10:14
@tickerville Watching a stock shows how it trades and why. Like a range-trading stock – don’t count on breakout, play w options.
tickerville: Mar. 28 at 10:14
I think the key for anyone, and Brunch is just a glimpse is to find someone you can really learn from. Not just follow but learn from.
snoopyjc: Mar. 28 at 10:14
@tickerville As in trading the ETFs that you cover in your video?
tickerville: Mar. 28 at 10:13
That is why Tiger Woods could clean my clock using only 1 club, yet I still believe the Nike blades will help my game. LOL Nope
tickerville: Mar. 28 at 10:13
Because they know that making money is not about finding a good vehicle, it is about learning to drive ANY vehicle.
tickerville: Mar. 28 at 10:12
The BEST traders I know, focus on 100 or so core stocks and that’s it. Some of the premier traders trade only e-minis. Why?
tickerville: Mar. 28 at 10:12
The first thing I instruct new traders to do is to stop looking for new stocks and start looking AT the stocks we’re playing.
tickerville: Mar. 28 at 10:12
Ultimately, what they don’t understand is, it is not the stock that makes you money. It is the trading that makes you money.
drkathe: Mar. 28 at 10:12
also interested in long-term inflation plays
raddadd: Mar. 28 at 10:11
Macro only works for me b/c of good timing .My job limits what I can do daily.
tickerville: Mar. 28 at 10:11
I ask them always why are they so interested in finding stocks? Why not just play the ones others have already found.
tickerville: Mar. 28 at 10:11
I have taught traders for many years now. It seems that as soon as I begin with someone they want to find new ideas.
tickerville: Mar. 28 at 10:10
@snoopyjc brings up a good point, yet it is dangerous for new traders (learning to fish)
canuk1: Mar. 28 at 10:10
@stevenplace UBS Tech analyst downgraded $VMW and said sell on Fast Money
bimmertrader: Mar. 28 at 10:10
$mos when we discuss charts. would like some discussion here, i like it at mid/low 43 in the consolidtion. thoughts? @tickerville
tickerville: Mar. 28 at 10:10
@snoopyjc Hey, that’s a good idea. I’ll try and cover some of my routine.
tickerville: Mar. 28 at 10:09
@raddadd You came to the right place. I have mucho respect for Macro, but it has never made me moola.
raddadd: Mar. 28 at 10:09
I rode $X and $BGU from last week & sold Thursday. $AGQ was the weak link.
tickerville: Mar. 28 at 10:09
@drkathe Jeeze louise, that’s a monster run. Nice work, but be careful on the gun slinging. Oh, and NO TV, nice work.
snoopyjc: Mar. 28 at 10:08
@tickerville Good Morning! Maybe you can teach us how to fish – e.g. how to find good setups with good risk/reward ratios! Thanks!
canuk1: Mar. 28 at 10:08
$WFC Dr Jon said there was big call vol on Wed and takeover spec that drove it up. Fast Money stirred it up again last night.
drkathe: Mar. 28 at 10:08
@stevenplace $VMW call options were good trades this week too
tickerville: Mar. 28 at 10:08
@bimmertrader There are clearly some things that concern me too. I’ll touch on them all. We’ve run a long way, could use some pain here.
traderflorida: Mar. 28 at 10:08
@tickerville $ms $mos $bac $ma take your pick or all – thx
tickerville: Mar. 28 at 10:08
@NJHounds I won’t let window dressing influence my thoughts, but plenty of charts to keep an eye on.
stevenplace: Mar. 28 at 10:07
@tickerville $VMW has a possible upside break here soon
tickerville: Mar. 28 at 10:07
If you want a particular chart marked up this morning, let me know. I’ll put it on the list.
tickerville: Mar. 28 at 10:06
OK, before we giddy up with charts, I wanna respond to some early questions / thoughts / ideas.
raddadd: Mar. 28 at 10:05
@tickerville I’m more of a macro trader. Need to learn more about short term (day trades). Thoughts?
drkathe: Mar. 28 at 10:05
@tickerville Increased earnings 45% this week cause of stocktwits brunch. Watched charts, not TV during the day. Thank you!
tickerville: Mar. 28 at 10:05
I did try some $SMN on Wednesday, WRONG, stopped out on Thursday, ouch
stevenplace: Mar. 28 at 10:05
@tickerville $WFR by far best trade I had this week
tickerville: Mar. 28 at 10:05
and I am particularly proud that we switched sides at just the right time in our brunch fest. We won’t fight the tape, we’ll just follow
tickerville: Mar. 28 at 10:04
The rest of the week, we ultimately meandered with individual trades to be had throughout. All in all, we round out a darn good month.
tickerville: Mar. 28 at 10:04
but to capitalize significantly meant paying up, which is tough in this environment. I had a good day, but not as good as I would like
bimmertrader: Mar. 28 at 10:03
@tickerville decent week for me,i must say im in bearish mode after seeing a lot of reversal patterns.
tickerville: Mar. 28 at 10:03
OK, I gotta admit, this week was a tough one. We come off last week with losses and I sat heavy cash. Monday’s rip-a-roo was good
tickerville: Mar. 28 at 10:02
Housekeeping 2 Selfless promotion. Tickerville reopens for membership in May. If you are serious about this biz, why are you not there?
aiki14: Mar. 28 at 10:02
@tickerville Good start rought middle good finish
tickerville: Mar. 28 at 10:01
Housekeeping. Because I chat WAY too much. Remember, if I becoming suddenly silent, watch the @STocktwits stream for @Tickerville2
dakapbj: Mar. 28 at 10:01
@tickerville do u think there is a “leader” in the fins? $BAC, $JPM, $GS, $MS ? or, will the regionals ($kbw, $rkh) lead the way? thanks!
tickerville: Mar. 28 at 10:00
How was everyones week? Win lose or draw, trading is by far the greatest game around. I hope you all love this as much as I do!!
fortune8: Mar. 28 at 10:00
@raddadd thinking earnings might be fair. may be companies planned for the worse and hope for the best.
StockTwits: Mar. 28 at 9:59
alright alright alright…welcome to the brunch w @tickerville. next two hours are all Q
tickerville: Mar. 28 at 9:59
Good morning all. Like a kid on Christmas I simply can’t wait any longer. Let’s get it on!!!

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