Well Hi everyone..
this am i sold my HGSI into the gap for 6 points...closed my long PALM at breakeven...and am still long 3 lots of the QQQ's and 2 lots of JDSU...
we called all the longs early, then several shorts later..
BRCM at 116 was a short..as was BRCD as it took out the LOD...all the rest were very strong on the upside for scalps and such...did rebuy 1 lot of PALM near the close at 46 1/4..what the hell huh<VBG>
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Good Morning everyone...
well well..futures are UP nicely this am...let's hope we get a 1-3 day run right thru the FED on Tues at 2.15pm...i am optimistic the market will NOT selloff too bad if they do not cut rates...more importantly is what they say in their comments..
I am currently long HGSI-PALM 2 lots and QQQ's 3 lots and JDSU 2 lots...i will begin to exit if we have any reversal in the markets off this rally...there is an inordinate amount of skittishness out there, with an eye on buying cheaply...the funds will go to work hard now thru the 1st of the year..
i feel all tax loss selling in over...this will be quarter end window dressing, hence buying the best of the best...over the next 2 weeks...we should see excellent volume spikes in our selections...that will be the tell tale sign of accumulation...
OK LET'S GET STARTED WITH TODAYS..TOP "TRADERS"
1...BRCD---STOCKS CHART IS LOOKING VERY STRONG HERE, SPLITS 2-1 ON THE 22ND, COULD BE A BIG 1-3 DAY HOLD HERE...I WILL TAKE THIS LONG EARLY...
2...CMVT--VERY NICE CHART,ALREADY REVERSED UP OFF A MUCH HIGHER LOW...I THINK THIS STOCK COULD RUN TO 120 NEAR TERM....A PERFECT LOOKING CHART PATTERN
3...QCOM---VERY OVERSOLD HERE, WAIT FOR A 3 BOX REVERSAL UP AT 82...78 IS A SHORT SELL...
4...AMCC--POWERFUL AGAINST THE TREND ON FRIDAY..HAS MADE 4 CONSECUTIVE HIGHER LOWS...THIS STOCK WILL EXPLODE AS IT BREAKS THE TOP...WATCH 72, THAN 75 FOR ADDITIONAL CONFORMATION...
5..PPRO--DON'T LAUGH..<G>...STOCKS CHART IS VERY NICE...WE WILL WATCH THE REVERSAL UP HERE AT 19 1/2--20, COULD EASILY RUN BACK TO 25 THEN BREAK OUT FROM THERE...
6...BRCM--HEAVY SEMI---HELD THE BOTTOM, AND MADE A HIGHER LOW, COULD RUN HARD UP TOWARD..134 1ST TARGET THEN 148...
7...AMAT...HELD A TRIPLE BOTTOM AT 39, 42 IS THE KEY REVERSAL NUMBER UP..WITHOUT THE TOP SEMIS THE NAZ GOES NOWHERE...
8...IDPH--POWERFUL TOP END BIG CAP BIO TECH---HELD THE DOUBLE BOTTOM AT 198 AND HAS REVERSED BACK UP HERE...SHOULD ROCK HIGHER RIGHT FROM THIS AREA..
9...AETH--VERY OVERSOLD HERE, LOOKING FOR A SOLID DEAD CAT BOUNCE...52-53 SHOULD GET IT GOING IN THE RIGHT DIRECTION...UP..
10...MUSE---SPLITS 2-1 ON THE 20TH, 118 LOOKS LIKE THE BUY IN TRIGGER, CAN REALLY RUN IF IT GETS GOING...
BEST OF LUCK TO ALL OF US...WE'LL NEED IT...
the room name today is....stocks options futures live with oj and t-lo..password is on the site..
regards
jerry |
