SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (85733)1/10/2012 1:55:33 AM
From: 2MAR$  Read Replies (1) of 217630
 
Just don't have a clear answer with focus shifted over to earnings & news driven momentum plays ... had traded the GLD short several times already from $158+ where we've seen this pause at $1625/200ma resistance, just for small gains but pretty sure trades with that R in mind .

A time where many , many plays are firing off lower consolidation into earnings and many pulling back from pre-earnings runnups that makes it hard to focus on anything else but individual chart/ stocks & stories rather than the macro . Some really profitable moves happening here as shorts have loosened their grasp & bounces coming in as for NFLX off congestion lows and running up 38% since New Years ...huge gains being made each day .

GOOG (another -$25 today ) correcting here testing important pivot today @ $620 and AAPL doing a textbook pullback from running up to Alt double top @ $428 , again its pretty much shear focus on earnings now . Some have been in trouble like SINA on China Net crackdown and it better hold this $47 tomorrow and CME that's been very sick off the MF Global debacle .

Its crazy exhausting time ...but some of the most profitable times . (whoosh)

That aggie/fertilizer play "CF" was a beauty though starting 3weeks ago into MON which didn't disappoint on earnings last week , 30pts gain off that low . They've really run alot of major players up here into their highs Oils XOM CVX COP IOC ...MON DE BA FDX CAT NKE AZO MCD YUM not too much room to go higher . Even MCD hitting headwinds now at $100 .

They'll bid one up like CMG but right at the double top pivot (if your waiting patiently ) they'll not be shy taking profs at these obvious pivots out of nowhere but right on schedule , so have to be right there like today ...they can only bid these up so far

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext