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LMT,TWM, profit taking
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• Wednesday, October 28th, 2009

OCTOBER 31 2009
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MON chart, click HERE!, profit taking. Where are the bottom fishers?
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UUP, above 23 chart , if the US Dollar Index continues to rise from here, then it would be quite bearish for the S&P 500 (stock market), Crude Oil, and Gold, (and – of course – the Euro).

OCTOBER 29 2009
LMT

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OCTOBER 28 2009
I trade mostly SP 500 stocks, Average Return on Investment 25% per quarter–click here!
Profit taking is different than market correction.
The market is still profit taking–where are the bottom fishers?
TWM, looks like it should come down now, but RSI 64, tends to get a life of it’s own, so RSI 70-75 could happen, that’s why I have $35 as a possible target price, short term.
TWM,

The problem with profit taking, is it creates a lot of falling knives. Falling knives, wait for the first up day, and then go long.
Meanwhile FSLR is down 12% in AH—I’m glad I stayed out of STP,WFR longs.
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Click here for trading record

Category: Index charts, XLI sector
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  • RIMM up 6%, that means $55 is the bottom
  • First trading day of the month usually up--
    Here's 8 years of statistics
    http://www.mentoringstocktraders.com/swingtradingstocks/stock-trading-basics/First_Trading_Day.shtml
    2002 is the exception--I remember that--I kept getting totally wiped out on my longs, So I stopped trading long going into the first trading day in 2002!
  • NRG--generation assets consisted of approximately 10,495 megawatt (MW) of gas-fired; 7,540 MW of coal-fired; 3,715 MW of oil-fired;
    Looks like CARBON trading is going to KILL this company--I'm glad I don't live in New Jersey--This carbon thing is supposed to be a trillion dollar market or maybe it was 10 trillion.
    Anyway your electric bill WILL GO UP 10%-30%
  • WFR, always gets back to $15--100%
  • ILMN, it's hard to day if it will re test July low 30.73, but if it does, That's where I'd try a long---RSI 22 means it won't be going that much up per day, so get in and out, take small profits
  • Hi Z,

    If you were to pick three of these, which ones would you pick-

    AEM, MON, ILMN, WFR, NRG, PALM, BIIB, AMGN

    MA reports on Tue pre-market. I am expecting at least 10% move and might do equal amount of Nov 230 call/ Nov 210 puts. It can go to either 240-250 or 180

    http://finviz.com/quote.ashx?t=ma&ty=c&ta=1&p=d

    Appreciate your thoughts and TIA
  • IBM has a $5 billion stock buy back plan---So it should trade very similar to XOM--Have you noticed XOM, never goes below a 65-66? That's what stock buybacks do. They keep the price channel more narrow / less volatile, than it otherwise would be.
  • AEM, if it ever bottoms, is my first choice by far!
    MON, what's your time frame--I have above $92 next year, short term--I have $72, maybe $76
  • what is your thought on MA? 240 or 180? Earnings are on Tue pre-market.

    TIA
  • My best guess, is if MA is at $230 on Monday, it's going down--It has flat revenue 2008-2010, Why not play it pre-market--It'll probably go up, then down--Like CVX
  • Thank you :-)
  • My time frame is 1 week or less. AEM and NRG had huge call buying on Friday, especially the latter. KGC earnings are Monday AH, so AEM could be up on Monday.

    Thank you :-)
  • I don't have anything LONGin a one week time frame--I think the next two weeks the overall market will be trading up and down, until QQQQ gets to---a 10% correction or a 15% correction. Therefore I will be shorting anything that pops up--QQQQ's headed to RSI 30
  • I like bio tech short term, that sector might go up this week.
  • How to KILL your WEBSITE--change the site to the color BLACK!
  • Moo changed his site to black--I can't read black-( and neither can the most experienced investors, because most of them wear reading glasses) -I won't be going there anymore! His site is going to go down hill FAST, because most experienced investors can't read black either.--Trust me.
  • Over 70% of TV107's trades would win for me--now he just disappears! Go load up his disqus reply box, and ask him to post his trades here
    http://disqus.com/TV107/
    here's TV's link!
    http://disqus.com/TV107/
    Give him this link--it's mine!
    http://zstock7.com/
  • nergo
    Yes sir, Zee, Going to TV107's spot now.
  • Nergo
    Zee, Great Call on CVX and KGC. Thanks Bro. You are #1.!!!! Been reading your posts BUT been very busy at work.
  • 6 charts to do for the members area---ugh takes about 2 hours--I usually last one hour, maybe I'll just describe 3 of them, and job it, to members to draw their own lines---
    Like this, QQQQ, circle the 100 day--if QQQQ at RSI 30 ( circle RSI) and at the 100 day---GO LONG EVERYTHING
  • Nergo
    Any Overnights?
  • LONG-- SPRWA,KGC,GG,NDAQ--I'm using 2% stops KGC,NDAQ, I'm accumulating SPWRA
  • nergo
    Entered a after hour bid for SPWRA and NDAQ.
  • Attn: Gamblers, SPWRA NOV 24 call, should reach 3.00 to 6.00 by nov expiration--at 1.85 now, may go down to 1.45, or go to 3.00 next week, or week after
  • C , $4 is some strong support--5 day, 8 cent price channel coming? under $3.90 I'd start accumulating
  • LONG SPWRA, 24.8 using a 2% stop--huge overnight long signals --the 11% under kind, only this is 12% under
  • sungsop1
    About to go long SSO?what do you think Z and Tenyear?
  • TenYear
    If you are wrong, it could be costly. wait for the close IMO and know your stop.
  • I think solar stocks will be up on monday! I'll need USO up 2 cents minimum
  • I have DOW up 75 on Monday, weak signal, DOG looks like it's going higher--I think I'll take small positions 50% shorts and 50% longs
  • gold stocks should sell into the close--going long GG,KGC, using 2% stops
  • FCX fib 50 is 70
  • Last day of the month is usually down, and the first day of the month is usually up,
  • I'll have to study the Q3 reports ( great!) , it's likely by DEC the DOW will be much higher than 10,200, that's a possible reason the DOW isn't falling as much as some individual stocks I'm looking at
  • Lots of main stocks RSI 20-28, which means QQQQ will go to RSI 30, ---100 day is 39.6, looks like a likely bottom
  • AEM 52.2, 200 day ( 100%) exit is 56
  • $VIX 200 day is 32.77, approx 9% higher, if VIX reaches that, the market will do another down 200 day.
  • TenYear
    UNG: gap to fill at $9.50. Then it has a higher gap to fill at $11.20 go long UNG at $9.50 area
  • wow, market is down
  • TenYear
    There goes BAC: 10 million shares were stopped out at $14.99 area.
  • TenYear
    ENER: $10.14 low of year...stops should be just below $10
  • TenYear
    BAC: $15 hovering. If broken, I have $13.50 area as a possible long area.
  • TenYear
    Looking like bulls may need to wait until Thanksgiving to get back in. We just slashed through October 6th gap...lets see if it is an overfill...need to hold here or we for sure put in an intermediate top.
  • darrendong
    umm..CVX eps high..
  • I think RAX did enough of my trades to retire RICH!
    http://disqus.com/Rax/
  • If you want to make some real money every day--go over to this link--TV107 and ask him to post his trades at this site.
    http://disqus.com/TV107/
  • TV107, Well I asked him if he would post some of his trades at my site!
    http://disqus.com/TV107/
  • sungsop1
    Bought MGM before close. Beanie has buy on MGM.Think Tenyear does too.
  • I posted BUY MGM yesterday--- What's up with that! TAZ and I were scrambling to get as many longs as possible yesterday, because the market had 4 down days in a row. ( lame reasoning, but it worked!)
  • CVX, I'd like to see it miss by 3 cents and then get hammered by 10% or down $7---I'm dreaming.
  • darrendong
    MY CVX short is not looking good today, hope tomorrow they miss big. has huge shares!!!
  • FSLR at $115 again, that's what I'm looking for.
  • darrendong
    if FSLR at 115, which call to buy?

  • I sure hope my math and P/E's hold up thru earnings.
    I took a short position 78.06, I have a 78.5 stop loss. Stop loss is useless if CVX gaps up.
  • Market probably heads a little lower last 20 minutes
  • TenYear
    VG earnings call next Wed. the 4th. Interesting setup near term on charts. I wonder if it gets to $1.85 before earnings.
  • If gold stocks are down tomorrow, that's sure a lot of longs to go long on! I think the falling knife phase is over. CPE report tomorrow--if it's negative--( deflation) gold will tank. analysts are mixed about it.
  • TenYear
    Casino stocks should move big tomorrow one way or the other. LVS posts after the close. MGM tomorrow before the open.
  • Tazman
    Why are you not posting @ Moo's?......your picks are good.....
  • I seldom go to Moo's because the stocks they talk about are ones I've never heard of! I like sites that talk about IBM, SWY,GR you know, the boring stuff!
  • TenYear
    I have 2 locations I primarily trade from. When I'm at location B (most of the time), Internet Explorer kicks me off his site. Dunno why. I've told Moo about it but he doesn't change his server settings.
  • Hey Bo!,
    any ideas on how to get TV107 to post some of his trades over here?
  • TenYear
    tell him he sucks at trading! lol
  • I used to do all of TV107's trades, more than 70% were winners-- Now, he just disappears---That ain't right.
  • MGM reports NOV 5th, not the point --for gambler's___Go long LVS, ( LVS will be judged on revenues) ---
  • TenYear
    Yes, you are right. They moved it back.
  • LVS misses everything in its earnings report
    http://www.reuters.com/article/marketsNews/idUKN2937904920091029?rpc=44
    Should tank, or go all over the place
  • TenYear
    all over the map AH. was $14.30, now $15.25....MGM at $9.95....I'm hearing guidance is good.
  • APOL exited 58.5, glad i bought again at 56.8--+15% gain on the NOV 60 calls, used up my last daytrade.
  • CVX, shorting 78.06 ahead of FRI earnings--using a 80 or so stop
  • CVX report in the morning, they'll miss
  • Last day of the month is usually a down day
  • APOL members area chart ( just posted) going as planned
    http://market.zstock7.com/
  • APOL 57.34 low of day according to nov 60 call 1.68 low
  • OUT APOL at 61-WINNER!-back in LONG APOL 58.46
  • CVX short stopped out, at 76.1 Winner
  • Tazman
    ZZZZZ

    DPTR...entered @ 1.28....exit @ 1.35....5.47% on an overnight....

    NICE CALL.....payed for 3 years membership.....we need a beer my brother? And can you bring TenYear?
  • Big earnings day Thursday --market probably goes higher.
  • ABX Barrick Gold Q3 2009 Barrick Gold Earnings Release 29-Oct BMO
    BKC Burger King Q1 2010 Burger King Earnings Release 29-Oct BMO
    BVN
    CME Chicago Mercantile Q3 2009 29-Oct BMO
    CLF
    XOM ExxonMobil Corporation Q3 2009 Earnings Release 29-Oct
  • Hi Taz!
    GSS gold stock, 2.66 is the 100 day--go long
  • Dam Z! Got screwed out of TWM today using stop. Shares stolen near LOD. Be careful of thieves.
  • darrendong
    Glad i stayed out FSLR, and purchased all $ on UWM ..
  • If I see FSLR anywhere near $115--I'm 100% long
  • $ IBB top holdings reached 1% higher before pulling back in AH--I sure would like to see BBH go from 92 to 96 tomorrow
  • BRCM rsi 34--should have went long, falling knife, I can wait!
  • WDC under 33, go long, and is probably when I'd get out of NTAP short
  • Hi Tenyear,
    MGM probably bounces higher off 8.80 or so = 100 day, I still have above $10 exit signals. USE a 8.7 stop
  • FSLR down $21 in AH--that'll set up STP and WFR longs for tomorrow
  • Tazman
    You read my mind.
  • don't forget---LDK,SPWRA,JASO,ENER,PBW
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