Shaking off the nerves and the newness of the future of financial innovation.
S&P = bear sandwich
Current approach - switch to neutral - reference from weekend Tape Talk. See it here: http://www.tickerville.com/index.php/site/comments/all_eyes_on_875/
Still looking short, but not acting on it yet, i.e neutral.
Head and Shoulders...blah blah blah...too perfect?
TA101 will put your head on a platter in this current environment.
Still need to prove this pattern
Mentioned the QID and where to place Stop to avoid the obvious areas.
Stopped out of AMZN short today due to TA-101 stop.
Seeing some lower highs in big cap tech names. Wedging into overhead resistance.
Currently short ARO, stop at 35.80. Look at weekly, huge "V".
Stopped on XLF today. Meredith Whitney and GS upgrade set the tone for today.
Seeing some commodities starting to bounce, follow-thru.. Long some DBA here.
Looking at BJS - Weekly - double bottom. Could be a significant higher low.
Watching ACI - daily not showing much. Weekly chart - could be another higher low.
FCX - if commods get a bounce, it could run. But, Qman looking at it as a possible short. Needs to get over right shoulder to confirm as a long.
MA - currently short - topping pattern - 175 major overhead resistance. Just hanging around right now. Be sure to check earnings.
PCLN - currently short - significant lower high in Weekly - look at Daily, and you will see the infamous H&S.
Potential short of XRT. Stop above 28.40.
Ran out of time for any questions. Tune in Wednesday, for Episode #2.
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