hEY EVERYONE..WE ARE BASICALLY SHORT IN THE ROOM, IT'S TREND DAY DOWN, SHORT ALL RALLIES TYPE DAY SO FAR...
WE CALLED JNPR--SDLI--EMLX---CHKP..ALL TIMELY..FOR SCALPS..
HERE'S THE MORNING E-MAIL...GOOD LUCK EVERYONE...
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
everyone, how the hell are ya....shopped out at the malls??? got cabin fever??? itchin' to trade<G>?
man this was a slow weekend huh???..remember we DO have another life somewhere right???
ok well i looked at the ton of indexs and stocks....i have never seen so many stocks rally right up against resistance all at the same time???..and a ton of doji's out there on the daily charts...
this IS options expiration week...right??? watch out for extra volitility this week, as if we really need more???..sheesh!!!
let's take a peek at the major indexs...
DJIA---LOOKS LIKE A H&S TOP ON THE DAILY HERE WITH DOWNSIDE TARGET OF 10,300 THIS WEEK..WE HAVE 3 TIME FRAMES OVERHEAD AS HARD "R"..20-40-200?? TOUGH TO BREAK THRU THERE..OF COURSE IF/WHEN WE DO THAT WOULD BE VERY POSITIVE...IF WE BREAK THRU 10,300 FOR ANY REASON, 10,050 IS NEXT THEN 9700...IT WOULD BE A PERFECT CHART PATTERN ON P&F...
NAZ---RALLIED RIGHT UP TO THE 40EMA ON THE DAILY..SELLERS APPEARED THERE...RIGHT AT THE DOWNTREND LINE TOO..2500 IS THE 3 BOX REVERSAL DOWN, AND THEN 2300 SHOUD HOLD IF WE EVEN GET THERE...IF FOR ANY NUTTY REASON WE BREAK 2250??? DEATH AND DESTRUCTION FOR THE LONGS....I DOUBT WE'LL SEE 2300...
SOX---RIGHT AT HARD R AT 680, THIS IS THE ONLY INDEX THAT IS ABOVE THE 20 & 40 EMA'S ON THE DAILY...IT COULD PULL BACK TO THE 20 EMA AT 625 AND STILL MAINTAIN THE UP TREND LINE...700+ IS A BIG BREAKOUT...AND WHAT WITH INTC REPORTING THIS WEEK..THAT SHOULD BE THE CATALYST FOR ANY MOVES IN EITHER DIRECTION FOR SURE...
NDX---RALLIED RIGHT UP TO THE 40 EMA DAILY...AND THE DOWNTRENDLINE TOO..THIS DT LINE HAS CONTAINED ALL RALLIES SINCE OCT..2400 3 BOX DOWN TAKES US TOO 2200...THEN???..WHATS VERY IMPORTANT HERE, IS THE INDEX BROKE A TRIPLE TOP ON P&F...ANY 3 BOX REVERSAL DOWN HERE IS A TRIPLE TOP FAILURE PATTERN AND THATS A NO -NO---- NO- NO..UH OH....
SO SET ALERTS AND WATCH THESE IMPORTANT REVERSALS..OF COURSE WE COULD JUST BREAKOUT HERE THIS WEEK TOO..ONLY IF WE TAKE OUT LAST WEEKS HIGHS IN ALL INDEXS TOGETHER...
OUR WATCH LIST PLAYS FOR TOMARROW...EARNINGS START IN EARNEST..DO NOT HOLD ANY EP'S INTO THOSE DATES...NO WAY...DO NOT DO IT..SELL WELL BEFORE...
1...AGIL---RALLIED RIGHT UP AGAINST THE 40 EMA...46 IS THE 3 BOX REVERSAL DOWN SELL TRIGGER, 49 1/4 THE BUY..THIS STOCK RAN UP 24 NON STOP POINTS..IT COULD PULLBACK TO 39/40ISH
2...AETH---RAN RIGHT INTO THE DOWNTREND LINE THAT HAS CONTAINED ALL RALLIES SINCE MID NOV..RIGHT AT THE 20 EMA..41 IS THE BUY TRIGGER, 36 3/4 IS THE SHORT SALE(SS)..
3...CHKP---DOJI AT THE 40 EMA ON THE DAILY...SELLERS APPEARED THERE...IT'S BEEN MAKING LOWER TOPS AT 130..121 3/4 IS THE SS, MIGHT PULLBACK TO 112/114..132 IS THE BUY, WAIT FOR IT..LOOKS LIKE A POTENTIAL SHORT...
4...EPNY---RALLIED UP HARD TO A SPIKE THRU THE 40EMA....MIGHT BE A TRAP FOR THE BUYERS???..IT RAN FROM A LOW OF 27 STRAIGHT TO 51 NON STOP...R IS AT 51...42 3/4 IS THE SS, 47 IS THE BUY TRIGGER...DOWNSIDE TARGET IS 36, IF THE MARKET MOVES LOWER...
5...HAND---THE CHARTS DEVELOPING NICELY..BOTH THE DAIL CNADLE AND P&F...IT HIT R AT THE 40EMA...LOOKS LIKE A PARTAIL PULLBACK TO 42/43 AREA WOULD BE A GOOD PLACE TO ENTER A LONG SIDE TRADE ON ANY REVERSAL STICK BACK UP...45 IS THE SS IT WOULD BREAK FRIDAYS LOWS.., 49 THE BUY TRIGGER AND 52 A CONTINUATION BUY TRIGGER..
6...OPWV---STOPPED AT THE 20 EMA ON THE DAILY..LOOK FOR A PULLBACK..SELLERS APEARED AT THAT LINE...39 3/4 IS THE SS..45 THE BUY TRIGGER..GOOD POTENTIAL SHORT IF WE MOVE LOWER..
7...QCOM---DOUBLE DOJI ON THE DAILY..THIS STOCK DID NOT PARTICIPATE IN THIS LATEST RALLY..I AM VERY SUSPICIOUS OF THIS NON MOVEMENT...IT'S VERY NEGATIVE TO ME...70 3/4 IS THE SHORT SALE..67 A BIG BREAK DOWN AREA...74 1/2 IS THE BUY TRIGGER AND THEN IT WOULD HAVE TO BREAK 77 FOR THIS STOCK TO CHANGE MY MIND...IF IT BREAKS DOWN I HAVE A DOWNSIDE TARGET OF 61...
8...RBAK---HITS 30 ON THE DOWNSIDE, I SHOULD KNOW BECAUSE I OWNED UNDERWATER THERE<G>, THEN IT EXPLODES UP TO 54????..WHOOOSH!!!...IT'S RIGHT AT R AT THE 20 EMA DAILY..49 3/4 IS THE SS..SHOULD PULLBACK TO 42ISH, 52 1/2 THE BUY TRIGGER LONG....I AM LONG THIS STOCK FOR THE LONG HAUL..
9...SCMR---RIGHT AT R ON THE 40 EMA...BEAUTIFUL DEVELOPING CHART HERE...HIGHER HIGHS AND HIGHER LOWS...SOLID LOOKING...WAIT FOR A PULLBACK TO GO LONG, HARD..MAYBE A FEB CALL PLAY...44 1/2 IS THE SS..MAYBE TO 35ISH???..46 1/2 THE BUY TRIGGER..THEN 49 IS A MUST BREAKOUT FROM THERE...
10...EXTR---NICE CHART HERE..VERY NICE IN FACT..JUST COMPLETED A BULLISH CATAPULT...ON P&F...46 1/2 THE BUY TRIGGER..44 1/2 THE SS...THIS COULD BE A NICE OPTION PLAY ON ANY PULLBACK...FEB 40'S MAYBE...WE'LL SEE...
THIS WEEK WE WAIT FOR INTC & IBM, AND A HOST OF SEMIS EQUIPMENT MAKERS REPRTING..CHECK BRIEFING.COM...FOR THE CHECKED LIST...
THIS WEEK THE FIRETALK NAME FOR THE ROOM IS AS FOLLOWS..
Stocks and options live with Jerry O...
password......
see you in the room in the am..
all the best to everyone..Teresa will be in class all week...
warmest regards
jer
free trials scroll down and get one..they're free<g>???
204.244.168.151 |
