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NEM
Author:
• Tuesday, December 08th, 2009

Friday update–12-11-09
Fairly boring week of trading with the DIA stuck in it’s current rectangle of 102 to 105.
Look for more of the same next week.
I think the market is in equilibrium, good news is greeted by a down day, bad news is greeted with an up day.
Eventually, this will all break, either to 9700 = 100 day, or 8800 = 200 day, or go up ( 10200 +900 = 11,100) = 50 day + 9%


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5 emails, Please Z!, post a gold chart–I want to go long GOLD STOCKS!
This is my BEST guess, as to when to go long NEM–
NEM at its 200 day = 44 or so, is the holy grail, long entry, but that’s 20% down from $56–
I really don’t think the market is going to give me the 200 day entry–
anytime soon.
Here’s why!
PCU is 2% below it’s lower bb band, that means the bottom is close, both in price and in time frame.
PCU has a fairly substantial 30 degree upward sloping 50 day, 30/50 long signal.

NEM should get back to $56 again, by JAN or sooner!
Yahoo analysts estimates, might raise their EPS again, that will help too!

Category: Gold stocks, pitch page 2
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  • OK NERGO! NEW POST! IYR SHORT http://zstock7.com/?p=2054 numbers you can trust!
  • Here's an HP long by fortune8--
    He put up plenty of info, enough info in fact, that anyone can understand this trade.
    http://fade-me.blogspot.com/2009/12/more.html
    I tried finding some possible entry and exit prices and posted those over there.
  • jting3305
    z i found one stock AMN, these stock is free fall, now it is time to load up, what do you think?
    i am hold JEC to the march, it is pain.
  • nergo
    130 comments!!!!! Zee, You must be making alot of money and don't have time to post. Quit spending so much time buying/selling options and stocks : ) Also, its taking forever for my computer to scroll through these 130 posts before it stops and I can read your web site. : ) Who is the manager of this web site?

    Have a great weekend!
  • Reza
    Z, Kaching should be working, Atilla mentioned its working
  • Riddle me this? Does this link get you to my Kaching portfolio?
    http://apps.facebook.com/kaching/portfolio/86654/holdings
  • Reza
    yes, it does take it to facebook
  • These guys have $4 million $$$, and they can't hire a web-master?
  • I'm getting as far away from these people as I can--
    Look at all of these complaints.
    The next thing they'll do is give out everybody's Credit card info!
    ala TJ MAXX, remember that goof up?
    http://blog.kaching.com/index.php/2009/12/09/what%E2%80%99s-with-all-the-changes/#comment-4644
  • Look at this headline for HD
    Fri 12:10pm HD
    Retail Sales Are Up, But So Is Theft
  • Reza
    z, u mentioned SPG 76.5, then go SRS long. Any changes
  • Brinkley (over at Moo's), thinks I messed up big time on SPG short--We'll see.
  • Nergo
    Ohhhh .... Gawd....! I hate to hear comments like the above. I sure hope this Brinkley trader knows nothing of what he/she is talking about. I am folloming you in SPG. (200 shares) Real estate looks so toppy ... even SRS is at 8.10
  • Brinkley is Hot! I'll give her 1.25% up on SPG--I just didn't want to miss the SPG, GYNORMOUS short, like i missed BRCM GYNORMOUS short (-4% and counting) , by quibbling over 15 cents from the entry price.
  • USO at 33.7 and GLD 107.5, I'll have so much to say, It won't fit in one universe!
  • GLD, I'm waiting for 107.5--then I'll have plenty to say about GOLD STOCK LONGS
  • Ekalb
    You think that is as low at the correction goes for gold? I was expecting $105 on GLD
  • GLD is a falling knife, cluster. It usually takes at least 10 days, for that type of candle cluster to form any meaningful chart pattern, anyone can find useful. I wouldn't discount 105 at all! I'll use a stop loss on my 107.5, thanks!
  • are they ( rugrats) really going to send AA above 15.6?
  • TenYear
    MS and FWLT almost exactly the same long signals but MS has no lower gaps to fill.
  • TenYear
    let the winners run...didn't let BAC run long enough
  • SPG SHORT NOW 76.5
    numbers you can count on!
  • joeynickels
    Full position? What exit prices are you looking for?
  • SPG 1.25X position--74 and then 70. I may take a 1 or 1.5% hit on Monday, if the dow is up 65 to 100 again.
  • joeynickels
    Okay z thanks. I sold it 76.72 and added some ah 77.02. What are you thinking for erts?
  • ERTS, has to deal with that new ( facebook or youtube) approach to money for their gaming) Wall street doesn't like the new transitioning from, box set sales to online sales--ERTS, I'd look for lower lows, lower highs, for a while.
  • Nergo
    No update on Gold stocks at end of week here? ... Maybe gold mays make a move next week,
  • TenYear
    Gary, the goldbug says to wait. Says 7 days down minimum. www.garyscommonsesense.blogspot.com
  • Gary's been on top of this gold, going on a whole year, now--How come, he, all of a sudden, got to be so improved?
    I email him every so often, but he seems like he's not in a good mood. Maybe he's like that with everyone.
  • rose2797
    Z, I bought COCO at 13.60 today morning. I am also holding CSTR from 23.80


























  • Nice $$$ on CSTR--COCO, look for a 22% up in one day exit, is what I'm thinking / dreaming--Remember when CECO did that!
  • TenYear
    UNG: 11.20 still guaranteed, could take a month or 2
  • TenYear
    FWLT: I have 28 for the long signals. The gap down at 24 is making me not pull the trigger
  • FWLT needs to retest 29, next couple of days--EPS says $27's is the bottom.
    I can't figure out, other than, half the US is out of work :), when that improves, FWLT should be a $59 stock again.
  • COCO, if you can hold longer than 15.5, get out at $17
  • TenYear
    bad news: 14 support gone. good news: it didn't exactly slam through it

    I just wonder if they will take this down to the next support-- 12
  • COCO 0.78 eps got a $21 down to $14 , or $7 channel, since AUG, the eps raised to 1.58 (+200%) should get a --$20.5 down to 13.5 = $7 channel--It's those bad loans on the books, to sub-educated students, that keep giving these wild price channels. Well anyway---we'll see. I'm LONG COCO
  • CECO, moving the short sell price up again--this thing is changing by the minute---was $28, now $29
  • TenYear
    Looking like 9 straight on oil. might try a long here for monday
  • USO RSI 30 and 200 day 35.2, 2 long signals--adding another 1/4, to the first 1/4 that's underwater--AT 33.7 ( fantasy pick price) , going in with a 3X position
  • SCO, on the overnight, SCO should retest 15.8 15.9 on Monday
  • TenYear
    sold BAC 15.49
  • jting3305
    everyday come out good news on data, but make market move. many we see breakdown, or sante rally????????????
  • jting3305
    how far will GMCR go
  • GMCR, If you saw this back at RSI 30,
    I can't believe you didn't tell anybody!
  • TenYear
    GELYF down two days in a row, that rarely happens
  • TenYear
    just to stay updated: sold MGM, MPEL...going to hold BAC with a stop under 15
  • neoken
    Great call on MGM overnite, Ten!
  • darrendong
    when USO reaches 200MA , anyone going long?
  • TenYear
    looking like bottoming action, but never know for sure
  • AZO and BEN WINNING TRADE entry exits, Posted tonite--
    numbers you can trust--
  • darrendong
    so many winning trades to pick,,... so great..
  • Name
    would work nice if you could link it to this website...otherwise not sure anyone else could access it
  • rose2797
    Z, what do yo think about COCO, if it hits around 13 in next few sessions
  • Long COCO now or 13,, exit 15.5 upper bb band, and short CECO, 28--Isn't a sideways market about the grandest thing in the world?
  • fstrtrdr
    Playing coco long now.
  • fstrtrdr
    COCO, if you can hold longer than 15.5, get out at $17
  • fstrtrdr
    Thnx. I'll likeky watch how it handles $14 and Put a trailing stop on.
  • UBOAD USO JAN 2010 30 Call 5.9 6 BTO 1 Limit 5.25 GTC
  • What do you think?
    This allows for options trading--
    http://www.cboe.com/tradtool/virtualtrade.aspx
  • Reza
    Can we follow u on the site, just like kaching. Then it will work
    Thanks
  • Here's another one
    http://www.stocktrak.com/
    nevermind, they want $15 a month.
  • OIH holdings, month to month EPS history, none of the companies has really changed any. So the OCT low 110 should hold.
  • NTES, I can probably get 35.9 on FRI will add another 1/4
  • LONG NTES 36.35 1/4 position, bounced off the 200 day.
  • TenYear
    long MPEL stop 3.58
  • TenYear
    in BAC 15.16
  • TenYear
    in MGM 9.60
  • Nergo
    Is MGM a buy now or at EOD?
  • MGM almost, has the same signals on the overnight as UGA and USO--A permanent bottom is either today, or Friday--
  • I missed ENER again--thanks people for the heads up!
  • DIA rectangle 103-105--changing from weeks, to, "could last for Month's". just kidding, but there's some truth in there somewhere.
  • HAL 2 days ago, was at RSI 30, that was the go long signal OIH. I must have been dreaming if I thought HAL would go to RSI 25--
  • Kaching, just moved me to facebook--I guess I have to find another virtual trading site--Kaching won't let me trade anymore.
  • Reza
    How do u see the kaching now
  • I'll have to find another virtual trading site--this time I want one with options, and stop losses.
    If if it doesn't have stop loss function--It's a goldman such product, and I try to stay as far away from "that kind" as possible.
  • Reza
    I think so, but they moved Atilla's site too
  • Note to self--CHK bounced off its 200 day 22 or so
  • TenYear
    I will be in MGM by the close
  • SOHU signals on overnight has what AAPL had yesterday--AAPL today, hit 199, fail point, and now negative.
  • SOHU, probably down tomorrow, up in the morning, then down the rest of the day.
  • UCO, rsi 30, GO LONG,1/4 position.
  • MUR, jan 55 calls is $20 profit for each 1.2% move in stock price, under $54, MUR above $54--It takes less percent for a $20 option move.
  • LULU earnings play, G&P ( gap and crap ) WINNER--
    All the Info I needed was on the YAHOO earnings estimates page--

    Join today!
    cloud nine.
  • MUR 53.1, 100% you can exit 200 day ==54.7
  • TenYear
    ATVI on the radar
  • TenYear
    ACI: nice call yesterday after the first up day
  • fstrtrdr
    Is there another place Z posts or is he not available in the am?
  • TenYear
    I think he has a full time job outside of here, but not for sure. I know he doesn't like trading mornings whatever the case is.
  • Nergo
    I received the below quote about Gold prices from some trading blog. Interesting ...

    "From the perspective of the Bollinger Bands, spot gold prices appear to be traversing the entire band width from $1225 to $1099 prior to expectations of a tradable low (buying opportunity). Let’s keep an eye on spot gold prices for additional weakness into the $1100 area and a technical upside reversal signal. If such a scenario unfolds, then we should look for a buying opportunity in the SPDR Gold Shares (NYSE: GLD) in the 108.30-107.90 target zone." - ??

    Be careful out there!
  • I'm looking at the RIG chart the DO chart, the OIH chart--If there's a 100% buy signal there, I sure can't see it!
    I remember last DEC, went long a little too early in the month--and really got killed, for a few days.
    OIH 200 day is $102
    131-22% = 102
    22% is one of those robot percents, that show up a lot in ETF corrections.
  • I added another 7 wins and one breakeven to my Kaching record--so that's 33 wins, 1 loss , 1 break even---Since joining that idiotic site, with no stop loss protection.
    If that had stop loss protection--I'd be investing $21 million ( the max) everyday and be up to +25% by now!
  • TenYear
    Z. you win so much should in the ranks with Buffett or higher!
  • C, they are going to pay off Tarp, $45 billion--with share dilution? Somebody better see how much is share dilution and private equity ( give shares to investment bank w / 10% interest)
  • Z's weekly newsletter just sent out http://retracementlevels.zstock7.com/?page_id=10 sign up at this link,
    Tells you how to win Trading USO this week, and possible pit falls.
  • Reza
    Z, I signed up but did not receive it.

    Thanks
  • I think I set the time for 6:15 EST, today
  • USO, I have overnight long signals USO, so if this is down again tomorrow--I'm going long--going long UGA too
  • USO 200 day is 35.02, just so you know!
  • TenYear
    C: Might get some at 3.70 if it gets there
  • SHORT SCO, 1/4 position--it's about 3% above the upper bb band--which means the top is close, time frame.
  • SI , Rsi 36, will wait for RSI 30, I think this triple bottom will fail
  • TGT, this is a $60 stock selling for 45.3 today
  • SI, triple bottom 88's
  • DELL, end of day, entry --I might get 12.9-12.85
  • DELL, falling knife, first up day--GOING LONG--1/4 position, and will add another 1/4 Thursday, if DELL repeats 12.85--EPS fundamentals, not great, but not that bad either. 13X p/e seems reasonable.
  • ACI 19.5 or so is the FIB 50%--then 18 is the 61% fib
  • jting3305
    nice gain on ESI
    thank you
  • ACI, arch coal, falling knife, first up day today.
  • TenYear
    MGM: I see some support at 9.80
  • NEM, opening a 1/4 LONG position, just in case this is a V recovery, I doubt this is a V recovery, but I can never tell for sure.
  • MUR,OXY, on the watchlist--
    NYX, finally moving up, WINNER
  • Hi Z,

    Are you playing LULU? Any thoughts on that?

    TIA
  • LULU SHORT, I'll try $200 in PUTS, maybe more, Thanks for reminding me, earnings due, market close today
  • Thank you :-)

    The options activity is bearish too. Look at the volume in Jan 25 puts.
  • LULU beats street 1 cent--imo, not enough, this stock should open down 15%
  • fstrtrdr
    cnbc is spinning it & it's creeping up in ah
  • If you look at the previous earnings, LULU always moves 10% on an average (intraday range) the day after earnings. It is going to move big one way or the other with so much short interest. Which way is anybody's guess. I think it could be down based on the earnings (beat by 1 cents and guides in line) and the after hour trading activity. If the street was impressed with LULU;s earnings, we should have been up more than 5% in AH trading and I don't see it. Could be a gap and crap tomorrow. I will buy both calls and puts at the open for cheap.
  • 28.00-28.50 is a huge resistance area. If it breaks above, the next target is 31. If it fails to break above, it will fall to 25.
  • There will be a big move tomorrow during trading hours. I do not know which way but guessing to the downside. 28 area is strong resistance IMO
  • AH doesn't count, imo, look at it opening bell, when the REAL VOLUME hits--I have 26 low and 28.3 high in AH
  • After Hours
    Volume: 238,965

    NOT bad :-)
  • If LULU goes up, ( doubtful) I'll add a 1X short position--Look at AZO--down today--one day of glory and then Kaput!
  • USO, falling knife, will wait for 60-65 crude oil, OR--20 day 50 day are touching, one more down day and go long
  • jting3305
    the PEP is gift, what do you think
  • PepsiCo heads lower after trimming 2009 outlook--59.20 looks good for a long entry--The deal they made with Dr. Pepper, made their costs go up--Pepsi's acquisition dept, missed DR. Pepper's fine print, and DR Pepper, got out of there with an extra 600 million---Dr. Pepper sure fooled PEP, out of $600 million, NICE work, if you can get it!
  • TenYear
    Kudos to Sam for calling GDX overnight. Nice job.
  • darrendong
    SHORTING AIG $30... GO...
  • CVX, I have lower low on Thursday signals and then go long----CVX up, GDX up
  • Back when oil was $100 - $140 a barrel, the OIH Deep water Rig companies shot themselves in the foot--They commissioned all of these new drilling rigs, and they are about to be completed next year, and will then flood the market-Leasing Rates for deep water drilling rigs, 4 words, another US led fiasco.
  • When I look at Google Adsense, When you break it down, to it's molecular business level, ALL it is " is a telemarketing scheme"
    An Adsense that gets 1000's of clicks per month, instead of one click per year! That's the next evolution.

  • ERTS, the CEO of ERTS to explains--ERTS has ventured into online media, ( Sims, SIms2 etc.) and they haven't figured out how to monetize their new products--
    For instance, I can still watch Youtube for free--Until Youtube figures out how to get a penny from me, each time, I watch a youtube--they are sunk.
    Youtube and ERTS--if I were those two--I'd keep my eyes on Comcast--
    Comcast intends to get rid of free tv on the internet--Now that's what I call a model--It'll be interesting to see how that gets accomplished.
  • TenYear
    Blogs were pretty quite today and are tonight too. They must be picking up PT jobs for Xmas!

    Unemployment 10%, but real is about 30% and rising.
  • Nergo
    Short ideas CVD & NUVA
  • Nergo
    Zee, I just emailed you about nailing an entry price on gold stocks after this dip. What an opportunity to buy gold on this dip especially if you can nail the entry price. Grown Folks .... you know gold is going up.
  • HAL at RSI 30, OIH at RSI 35, I should go long Gold stocks, either HAL at RSI 30 or OIH RSI 30--
    Do you see my problem?
  • Nergo
    Below is a post by MPTrader. He is a good trader but not as good as Zee, IMO. He ha an interesting perspective here. Never heard of TAN, but like the idea. I am going to locate the R & S levels for TAN and set-up an alert for an entry price.

    " ... the UNG could benefit in a big way if a treaty on the environment is signed. From a technical perspective it is forming the second low of a big double bottom (8.94 and 8.50), but most hurdle key resistance at 10.50 to trigger upside acceleration towards 12.25/50. As an alternative to the UNG, if you want a position in clean energy as part of a portfolio, you may want to look at the Powershares Clean Energy Fund (PBW), Claymore Solar Energy ETF (TAN), and Chesapeake Energy Corp. (CHK), one of the pure plays in the natural gas space." - MPTrader

    Any other perspectives on these stocks please share.
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