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Money Matters
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Old 12-12-2011, 12:13 PM   #1041
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I think the chart is pretty much broken for some time. I wouldn't do any more than a swing trade.
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Old 12-12-2011, 02:09 PM   #1042
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I think the chart is pretty much broken for some time. I wouldn't do any more than a swing trade.

Are you @dcha on stocktwits?
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Old 12-12-2011, 02:25 PM   #1043
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yip
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Old 12-12-2011, 02:53 PM   #1044
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Thanks I need to fully grasp this, you actually helped me a lot last year made some good coin. Trying to get away from fundamental investing as of late. Why am I looking at us/eur because of the european issues? I guess I need more of the macro environment. What news sources are you using?
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Old 12-12-2011, 02:58 PM   #1045
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I'm not a macro guy. EURUSD is usually a tell for the equity markets. At this moment it's not enough to "trade the trend". You need to stack your probabilities so if want up, you want to see EURUSD up, TBT up, IWM/SPY up, and most importantly TLT down. These confirmations will help you make the right choice. If you're a bull you'd really like EURUSD to bounce here. Bad things can happen below 1.3145. Shorting is not like buying. It's much much harder.
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Old 12-13-2011, 05:33 AM   #1046
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Bullish cross on QQQ daily. 3rd time in three years. Big moves followed.

EURUSD is confirming ES_F bounce this AM. Should be an up day. Trick is timing and stops. Can't allow too much travel on a fed day.
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Old 12-16-2011, 04:12 PM   #1047
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So my girlfriend just got an internship as a curator at Stocktwits. This is so damn exciting. She's never given me the chance to give her a crash course on stocks and trading. This is my chance. I'll have to start blogging hardcore to keep up with her. I'm doing it for you guys.
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Old 12-16-2011, 04:42 PM   #1048
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Stocktwits already has a museum??!?! Grats to her!
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Old 12-22-2011, 12:57 PM   #1049
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I'm going long on BAC and POT, good to see them bouncing back strong. Might buy more BAC.
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Old 12-22-2011, 01:46 PM   #1050
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might want to check out GE. Climbed above the 200 sma, 100 sma turning, and the 50 and 20 sma's already turned. Downside support likely around 17.2, upside resistance likely around 18.9 then 19.4 then 20.8. I'd wait for a bit of consolidation around 18 before buying though.
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Old 12-22-2011, 05:57 PM   #1051
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might want to check out GE. Climbed above the 200 sma, 100 sma turning, and the 50 and 20 sma's already turned. Downside support likely around 17.2, upside resistance likely around 18.9 then 19.4 then 20.8. I'd wait for a bit of consolidation around 18 before buying though.
Are you JLCnuke on stocktwits and mw3?

Looks like it's heading to 30...
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Old 12-22-2011, 08:17 PM   #1052
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What do you guys think of INTC? They'll be entering the field of smart phones. http://mashable.com/2011/12/21/intel...%28Mashable%29
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Old 12-23-2011, 08:55 AM   #1053
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Are you JLCnuke on stocktwits and mw3?

Looks like it's heading to 30...
Yep, that's me

Though I won't hold GE long enough for it to get to 30. I'll be looking for about $2 on that trade.

I only trade based on charts so news regarding what INTC may be getting into just makes me want to stay away. That's just not something that I trade based on.
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Old 12-23-2011, 12:40 PM   #1054
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Oh, and check out DIS, finally broke out as confirmed by today's move. On a market positive note, /dx is holding above 80 now and EUR/USD seems to be forming a bear flag before falling under 1.3; both good signs for US markets heading into the new year. The next technical level of support for EUR/USD should be around 1.245 if 1.3 breaks. If this happens on a bullish dollar move (instead of bearish euro) then that could help correspond with rising U.S. markets in general.

Did I mention I love this time of year? 2 weeks off of my "real" job so I can actually trade. YAY!

I'm currently long AAPL, DIS, GE, QQQ, SODA, and SPY. Not short anything right now... though I saw a couple charts earlier this week that I'm going to look over again this weekend for possible shorts next week.

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Old 12-29-2011, 01:49 PM   #1055
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GLD/SPY is back under 1.2 (a critical level in recent years), holding right at the 20 month moving average. Also, JNK/LQD is almost at .34 in a close to inverted H&S pattern. So, why is this important? It is important because these are two very good indicators of whether the market is "risk on" or "risk off." In recent years, GLD/SPY under 1.2 has been characteristic of a risk on market environment and JNK/LQD over .35 has been another good indicator of a risk on market environment. If GLD/SPY stays under 1.2, or continues to fall, while JNK/LQD continues to rise (especially through .35) then I would not advise being short anything unless you were really sure. The large rally from spring '09- spring '11 occurred under these conditions in a risk on market environment; the same environment we look to be headed into right now.
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Old 12-29-2011, 01:52 PM   #1056
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I've noticed that big wicked iH&S. Gonna take exposure off today through the new year to account for end of cycle ****ery, but I see a big move ready to go.
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Old 01-05-2012, 06:47 AM   #1057
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Thanks for posting the SODA chart Dcha, I was initially playing it as a channel trade but moved stops and target pre-market the last couple days. 14% profit locked in with stop move this morning

Doubt I would have seen it if you hadn't posted it so remind me to buy ya a beer if you're ever in town
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Old 01-05-2012, 07:33 AM   #1058
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Has a vacuum to 46.50!
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Old 01-05-2012, 12:18 PM   #1059
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My alert just triggered for Macy's. Consolidation above december highs would be a nice point for an entry imo.
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Old 01-05-2012, 09:15 PM   #1060
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gmcr, thoughts?
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