What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
Monday, May 21, 2012
Facebook looks like running out of "face" or "out of love"?
Shown is the 5-min chart of the much "overhype"? IPO, the FB.
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
Monday's Trade Setup for NQ (QQQ)
The market bounce after lingering (from sickbed) for almost two weeks.
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Sunday, May 20, 2012
Friday's Trade Setup For Russell 2000
Friday's market was a profit taking day.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
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.
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