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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Eric P who wrote (18122)1/21/2012 7:15:00 PM
From: 2MAR$  Respond to of 18137
 
Just using BAC as proxy , the "boyz" did play it beautifully off another one of those "fateful mondays" Dec 19th as the Euro dillemma coupled with the slowing Chinese/Brazil growth story had played out for just a little too long . Am absolutely sure these periods of negative headlines are tacitly disseminated & concerted effort to some degree .

For no sooner did BAC hit $5 again that day just as previous fateful monday october 3rd , they have loaded up & in both cases just several weeks before earnings runs start this is when they move in together buying up the cheap bargains and known winners into earnings , they had already bid up every divi stock & safe haven and anyone couldn't miss the rebound in the rails & homebuilders which started oct .

Still find it so humorous on even on dec 19th how few traders (not here ) was teasing that day when BAC hit $4.94 to step in & buy refused to do so the negativity had been so well played out . There's nothing in the world , not shipwrecks or Greek defaults that is going to let them not get their bonuses & earnings rally , short of another Tsunami or nuclear war ! Speaking of wrecks a prime example was the CCL tank on the news but look at that reset low of $28 , be sure i was buying up plenty there that morning it fell . Many & most of what i call "Reset Lows" were all 25-35% gainers recently in short order .

Just like the october monday 3rd event that saw BAC near $5 & market get bought huge the next day , what is notable is how the news out of europe though still bad takes on more hopeful tones all of a sudden as if someone has been on the horn saying , OK now we need some positive chatter please ! The bailout fund is being increased , China might aid with some of the debt , the Fed is funneling liquidity and always right after things are reaching the brink ....

And the market ran from that monday oct 3rd into earnings , and so it did again & thats all one needed to know ...so many beaten down good stocks that were bottomed trading sideways were the good buys , especially some of the mostly hugely beaten down even NFLX & FSLR or Eddie Lampert's manipulating SHLD back up $800mil worth of value making it the hottest stock of the new year .

Around dec 29th when BAC tanked some were still good shorts but was tracking those i knew would do well especially MON that fired off the October rally and the best of breed in the fertilizers CF which i was playing dips then off $128/29 . If any stock was going to clearly rebound earliest it would be CF for Dave Tepper was in before & would again and ofcourse MON reports first in the season crushed shorts again as in Oct and flew .

Once market bounced off dec 29 monday , it was look for the beaten down basing stocks or the ones that tanked far too much that will always rebound , take ORCL as one example after miss =$25 low . Other nice momos GMCR off $40 area (what great short too ) NFLX , PANL , MAKO LNG and tese little bios INHX ,IDIX & ACHN as these big druggies are looking for new pipeline . AMGN GILD have just been unreal bidding up and of course this bidding up everything home related see chart for HD , TOL LEN etc .

FHA loans right now are around 3.5% down and under 4% and 10yr loans some going 35 or under 3%.....and they ran them seeing this right off that Oct 3rd monday tank low . Kudos to the boyz they banked then & banked it now right into AAPL's earnings tues followed by big Oils end of month , that should signal top for sure and an entire new group of people get stuck up at the top .

As we see the SP just tagging the overbought , should i be so bold to call a top here ...any higher and they are just asking for it .



To: Eric P who wrote (18122)1/22/2012 7:35:09 PM
From: TFF3 Recommendations  Read Replies (2) | Respond to of 18137
 
So tired of the endless central bank pumps Will it EVER end? I have never seen a year like 2011 for outright government manipulated news/rumors to prop up the market at any sign of weakness. It hardly feels like a market anymore. It's like playing against some guy who bluffs ever hand but has most of the chips at the table, so who is gonna test him? Everyone just keeps folding.

Would be nice get rid of the infinitesimal spreads as well.



To: Eric P who wrote (18122)12/27/2012 8:24:15 PM
From: Eric P  Read Replies (2) | Respond to of 18137
 
Would be nice to see some real volatility again.

The markets were awesome for trading from mid 2007 until mid 2009. Since then, it's been 2 1/2 years of pretty boring trading, with the exception of some Flash Crash excitement (in May 2010) and debt ceiling excitement in Aug 2011.

I don't think we'll see any real volatility originating out of the U.S. this year. However, the European situation could be poised to generate some sharp volatility as the year progresses. Unfortunately, European created volatility tends to cause our markets to gap sharply at the open, and then snooze for much of the day (not exactly the best sort of volatility for effective trading).

In any case, best of luck to everyone in 2012!


=> Well, I must admit it was a disappointing trading year. While I didn't expect a good, volatile trading environment, I had hoped to be happily surprised. While I managed to finish the year with only one down month, 2012 is closing as the worst trading year for me in a decade. I think the combination of lower volatility and the increasing domination by the HFT firms has made this the most difficult trading environment I can recall. On the positive side, my golf game continues to improve with the dull market and my reduced trading income will still not generate sympathy from those that 'work for a living'.

Looking ahead to 2013, we certainly have an increased potential for volatility with the looming fiscal cliff resolution and next iteration of the debt ceiling limit being reached. Note that the last real volatility for the U.S. stock markets were from August 2011, when the last debt ceiling limit was reached. While I'm hopeful for increased volatility and trading opportunities, we still face a market will little interest from the public and increasing growth in ultra competitive high frequency firms. I will predict that 2013 will be a better year for trading than 2012, but nothing even close to resembling the awesome trading markets of 2007-2009.

I hope readers of this (virtually inactive) thread had a great year in 2012, and I wish you the best of luck in the year ahead.

-EricP