Facebook (FB) debuted today from the Nasdaq amid some glitches.
It recorded the highest number of shares ever traded.
Friday, May 18, 2012
The Hype Is On FB
Shown is the 5-min. concluding chart of the much awaited hype in the stock market.
Facebook (FB) debuted today from the Nasdaq amid some glitches.
It recorded the highest number of shares ever traded.
Facebook (FB) debuted today from the Nasdaq amid some glitches.
It recorded the highest number of shares ever traded.
Facebook Trade Setup
Facebook (FB) IPO started today in the Nasdaq.
To trade or to buy shares with the hype, wait for a while when the market settles.
Shown is the 5-min. chart wherein the best entry is at the lower arrow.
The best price to enter is at $38.40.
I suspect it will go up in the days (or weeks) to come then it will fizzle for the participants will take some profit.
The best bet for the long term investors is to wait for a week or so to get involved with this hype.
Personally, I won't get involve with the hype as a long term investor, but to trade it is the best way to get involve.
To trade or to buy shares with the hype, wait for a while when the market settles.
Shown is the 5-min. chart wherein the best entry is at the lower arrow.
The best price to enter is at $38.40.
I suspect it will go up in the days (or weeks) to come then it will fizzle for the participants will take some profit.
The best bet for the long term investors is to wait for a week or so to get involved with this hype.
Personally, I won't get involve with the hype as a long term investor, but to trade it is the best way to get involve.
Thursday, May 17, 2012
Thursday's Trade Setup
The market continues to deteriorate as shown from this 10-min chart.
It's been on the downward trend for quite a week or so.
The trade for the day is to sell short in the open.
Then go out from your trading cave, head to a driving range to practice your swing.
Take your lunch at CMG, then go to BKS to read some latest trading books.
Come back to your trading cave before the market close to cover your short trade.
Then go the nearest RICK (if there is one in your place, or just in the Hooters) to enjoy your profit.
That's how traders live by!
It's been on the downward trend for quite a week or so.
The trade for the day is to sell short in the open.
Then go out from your trading cave, head to a driving range to practice your swing.
Take your lunch at CMG, then go to BKS to read some latest trading books.
Come back to your trading cave before the market close to cover your short trade.
Then go the nearest RICK (if there is one in your place, or just in the Hooters) to enjoy your profit.
That's how traders live by!
Tuesday, May 15, 2012
Tuesday's Trade Setup
The market zigzag today and can't find any probable trade almost the whole trading day.
Except in the last couple of hours before closing wherein it shows a clear short trade.
Soorting the market as shown form the top arrow and covering the position into the close is the only trade I can spot from today's market.
It's a pretty hard market today, considering the participants are at a loss if the take a long or short position.
Let's wait for the FB's IPO, maybe the market will surge.
Except in the last couple of hours before closing wherein it shows a clear short trade.
Soorting the market as shown form the top arrow and covering the position into the close is the only trade I can spot from today's market.
It's a pretty hard market today, considering the participants are at a loss if the take a long or short position.
Let's wait for the FB's IPO, maybe the market will surge.
Saturday, May 12, 2012
Friday's Market At The Close
The market surge (NQ) in the open only to bow down in the close.
It runs out of steam when it reach the top at around 11:00 am. ET.
I guess that's the usual move especially it's Friday, the profit taking day.
It's been lagging for almost the whole trading week, suddenly this Friday it burst like a gunfire in the open.
The best entry here for a long trade is above the red line with that small candle.
The exit should be at the top level with that big red bar around 11:45 am. ET.
That's where the lunch time occurs in the Wall Street.
Better to take the profit before lunch time, otherwise you will end up getting your lunch at MCD.
It runs out of steam when it reach the top at around 11:00 am. ET.
I guess that's the usual move especially it's Friday, the profit taking day.
It's been lagging for almost the whole trading week, suddenly this Friday it burst like a gunfire in the open.
The best entry here for a long trade is above the red line with that small candle.
The exit should be at the top level with that big red bar around 11:45 am. ET.
That's where the lunch time occurs in the Wall Street.
Better to take the profit before lunch time, otherwise you will end up getting your lunch at MCD.
Friday, May 11, 2012
Friday's Trade Setup
The market made a surprising/stunning move today.
It rises from the deep hole for it was sinking the last weeks.
Today's jumper move/trade was an opportunity to buy in the open.
Shown is the 5-min. chart with the entry for a long trade.
It rises from the deep hole for it was sinking the last weeks.
Today's jumper move/trade was an opportunity to buy in the open.
Shown is the 5-min. chart with the entry for a long trade.
Thursday, May 10, 2012
The Choppy Market
The market did not do any good move today and all it got to do was to move sideways.
This is the kind of environment that should stay on the sidelines and just watch the market do its zigzagging.
This is where you can exercise the discipline, not to trade.
You cannot trade the market all the time unless you scalped it that takes a lot of guts to play the market.
Seems the market will take a lot of time to get its traction, it is on the consolidation mode.
But the strange thing is that, it is on the downward trend.
I suspect it might drop further unless big money will buy the market.
The participants are gauging each other, trying to psyche each others motives.
We'll keep on watching who's going to prevail.
This is the kind of environment that should stay on the sidelines and just watch the market do its zigzagging.
This is where you can exercise the discipline, not to trade.
You cannot trade the market all the time unless you scalped it that takes a lot of guts to play the market.
Seems the market will take a lot of time to get its traction, it is on the consolidation mode.
But the strange thing is that, it is on the downward trend.
I suspect it might drop further unless big money will buy the market.
The participants are gauging each other, trying to psyche each others motives.
We'll keep on watching who's going to prevail.
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