Short term trades in the stock market •$$$$$•

[Madrus Rose]

And what goes with Cigarettes?.... Coffee of course !

Where SBUX popped to $38 on the GMCR news it behaved & pulled back to $35 (popped back up $1.50 today after that pulback ... the difference was GMCR had a large short position with 5days to cover ...and again shorts got heads handed to them & sphincters torn wide open .

Coffee & Cigarettes ...all trading now up at 52wk highs , tells you alot about how sophisticated that market really is . Its what peeps demand & consume though
& thats the story ...

 

[Madrus Rose]

CIGX ...even smokeless tobacco got into the act .

*This is what happens when u get good news & there's so many shorts
it takes 12days for them all to cover

 

[Madrus Rose]

RIMM hammered 10% down -7 on weak forecast & lost faith in the upcoming release of their iPad device Playbook being able to grab market share . The SMH /semis have been bounced to right off the 30RSI on the daily and has creeped up last two weeks .

Where does the bounce come in for RIMM this am after selling off ?
Right off the 200ma @ $56.50...this market & stock moves are so predictable
don't think the traders know what else to do but trade off the most obvious
technical pivot points.

RIMM weak bounce off $56.60 now trading at $57.30....there's the mid Nov dip matching this 200ma bounce & acting as support

 

[Madrus Rose]

SEMI's .... tech has to join the party as they know if they're to keep any rally going & Apple can't carry them all . After the forcast for slowdown in orders in the fiber optic Networkers from China, finally slight bounces coming in for the trashed CIEN JDSU CSCO & even FNSR .
(they're still healthy PE's at these levels & concern for weak next qtr )

They bounced the SMH right off the 30RSI ..these trades short or long with these clear pivots is happening everywhere in the market . Traders are free riding here on basic technicals , they're all watching the RSI which has become the most popular indicator they all follow.
(why it should be ontop of any chart , easy to see)

Just looking for the 30 RSI touch & the bounce comes in for the SMH...short cover & go long there like Charlie Sheen & Tiger Blood !....WiINNING !!

 

[Sam the Caveman]

just signed up for a demo account from mb trading and downloaded their "desktop pro" platform.

Trying to figure out everything with this platform, the live data feed is head spinning. You can see every trade made for whatever chart your looking at.

 

[Sam the Caveman]

double post, whoops

 

[TNTBudSticker]

I personally like Scottrade for it's easiness and the platform.When I got in trouble for 3 months at Scotts,I went to Ameritrade and that was a little harder to read and even the trades were goofy reading at the end of the year with all the paperwork.Some trades didn't make any sense but I only trade a few stocks then left.

Personally,Scottrade is soooo much easier and they don't play around.They even gave me warnings about the 3 trades per week like 5 times before I was banned for 3 months.They didn't even lock out my account so I get to still read and use their platform but just no trading.

MMG I sold all.... and now waiting for that $1.00 limit order again...lol

This worked 4 times in a row !! !! but now just a little less shares rather than 40,000 this time.

Bulls makes money
Bears makes money
Pigs makes money


Something really trippy here...I have a George washington silver commermorative half dollar in a box and it's 90% Silver and it's selling for $15.90 on amazon.
Now the math tells me with silver at $38.00 spot and minus 10% at $3.80 so the coin should be worth like at spot silver say around $34.00...Am i missing something here ??

 

[sac beh]

Hey traders, I haven't been around IC for a long while, and I just noticed this thread after having posted my summary of the current options for investment in the (medical) cannabis industry in another thread. I'll just point you to it instead of copying it again:

https://www.icmag.com/ic/showthread.php?p=4328020&posted=1#post4328020

Some of these publicly traded pot companies are pretty sketchy (poor fundamentals, not much future potential), but there are a couple that, even though still in penny land, a very worth the look for those interested in short-term trading but also long term investments.

peace

 

[Madrus Rose]

OK Sac Beh , here's the Can'a'bliss stock /toker's list
http://finance.yahoo.com/quotes/cbis.ob+cana.pk+cmsi.ob+coin+pcio.pk+grnh.pk+mjna.pk

CANA.pk has 50mil float & has a $314mil market cap and moved up whoppin' 18% today on
90K shrs traded...thats a pretty big move on just 90k shrs traded which was 10x normal volume
but still with 50mil float that's a fast move.

Guess people just holding onto their shares for the long term, no-one sold (i would have)
....would post the chart but wouldn't know how to even read it , lol, as it already
10x's overvalued, imo .

So , we have the name "General Cannabis" taken with CANA.pk, so we need to do a start up
with the ticker "MJ"..."MMJ" ..."TOKE"...."WEED"... "BONG" ...or "HIGH" ..." GANJ"..."POTT"..."HEMP"....

Company slogan will be ---> "The High is the Limit"

 

[sac beh]

Hey Madrus, yesterday's CANA jump could have been from hype over the CEO's interview on MSNBC the day before. Too bad I saw it a day too late... lol. But that's exactly what its about with these pennies, its mostly riding the hype of PR's. But when a company has enough fundamentals in place, and you count for the influence of market makers, the charts can be useful too. CBIS is the perfect example of one of these pennies that has enough fundamentals in place so that the charts are actually helpful (and they're the only one I'm long on):

That spike starting on Feb 22 was due to their announcement of some cancers in remission after using their extracts. 50M in volume the first day, clearly a lot of bigger investors started to take notice. But what happened next is that the followup announcements were delayed too long, the rise was short-lived, flippers took profits at .12, and it settle into the .07-.08 range. But just the fact that a penny stock found a month's worth of support at its MA200 is a good sign for the health of the stock, imo. Lots of long term investor who aren't swayed by the short-term profit taking are staying strong. On the other hand during the Prop 19 run during Oct-Nov, you can see that the run was purely fluff, not really related to the company's fundamental goals. So there wasn't as much consolidation after the run, the SAR was loose, and it slowly ticked down.

You might want to put it on your watch list. A dividend announcement is expected at some point this year, and the end of March should bring a financial update as well as an update on the branding of their products and the cancer patients. Could be another 200% run.

Oh, and as for CANA, I don't mess with them at the moment because they do seem too unpredictable right now, but they are the cannabis stock with probably the most public/stable product--weedmaps. So there's something to be said for that.

peace

 

[Madrus Rose]

just signed up for a demo account from mb trading and downloaded their "desktop pro" platform.

Trying to figure out everything with this platform, the live data feed is head spinning. You can see every trade made for whatever chart your looking at.

The scope of these advanced "direct access" platforms is pretty astounding now that years of developing & advance in computing power has given, @ fiber optic speed . The inter~linking between charts, news ,order books , stock/watchlists is amazing . You can set up the linking so that clicking on any of those will automatically load the stock into any of your multiple trading cockpits with preset values . And do it all wirelessly ontop of a mountain or at the beach in Rio .

You click on a piece of News for a stock it loads into a chart & trade box, or a chart or stock on a watchlist , it does the same . The more advanced platform u get the more charts it'll let you open so what you do first is open a chart & learn to set the values & configure it with the indicators you like ...Bollinger Bands, RSI , CCI, Money flow, MacD , Moving averages etc . Then save that configuration & go on to creat several more set-up themes & the software will let you save & keep those to.

Then you should have up to 5 tabs on each chart for setting the time frames ....1min ,3min, 5min, 15min, 30min...Day, Week, Monthly . This is great because in a flash you can click back & forth between the shorter time frames & longer instantly to see where the stock has been , previous highs , support levels at the same time one keystroke on the chart & the stock is loaded into the order box and your instantly ready . For trading , like to use the 3min charts mainly and the 5min with RSI/CCI usually indicating (for me ) buy , short , sell pivots .

You can literally fill up 4-5 19" screens with 4-6 steadily running charts on each screen and have the E-mini Futs & any other Index/ETF proxies going to tell you of sudden changes in market sentiment or the mood of the market am , lunch & EOD . And you can load so many different proxies that tell you present negative or positive market feeling in just about any commoditie or sector ...plus all the other kinds of alerts that you can build in . Lightning fast executions you can see getting taken out ...you can have the whole set-up free floating on your screen or have it all fit into one window . Instantaneous News Feeds that give you news as fast as AP or Reuters is getting them , but expensive surcharge monthly.
The Fly On the Wall is a fun one to get & cheap ...

MB platform started back in 1999 steve is president .... looks like they still have a semi-active thread going on over here that you might get some help/tips from that was started back in 2003 but they were once reputed to having some of the best support channels so guess they have online forums & real time chat .
http://siliconinvestor.advfn.com/subject.aspx?subjectid=19037

( That fellow Eric P is a master trader , looks like they have alot of gripes with Penson Financial , the clearing house that MB uses ...ticker PNSN.)

 

[Sam the Caveman]

Yeah Madrus, I'm amazed at how much info I can display right in front of me with this platform. I really could use a few more screens, but I don't know if my computer could handle it. Its a fairly inexpensive compaq and i don't really know what a computer needs to handle multiple screens.

I've seen someone's trading setup with 7 screens and I'm envious. He's got charts everywhere.

It's hard for the average person to comprehend how much money is moved in some of these stocks. I was a bit astounded myself when I looked at SPY and saw the volume of some of those trades. I would dare to say that $20m a minute is traded in SPY.

I just now thought about it, but some of these stocks I won't be able to trade with such little starting capital. I never see a trade for less than 100 shares.

That new platform is a bit frustrating trying to figure it out at first. I wish they would send a manual to me in the mail I could flip through to figure stuff out. They do have live chat that can help you, but I don't want to bug the shit out of them.

Thanks for the link, I'll check it out.

 

[Madrus Rose]

For running multiple screens off a laptop , here's one of the best products out there by Matrox called "DualHead2go"
http://www.matrox.com/graphics/en/products/gxm/dh2go/

They won 1rst place at Intel's Tech Developer's conference for "Best in Tech" for this.... they list the compatibility specs to see if your PC qualifies down below.

Very cool for gamers two ...works really well & very stable , you can run your cursor
across the windows seemlessly . Your trading software once configured will set-up charts each time across the screens everytime you open them . Tiny charts all scrunched up are pretty useless really , you can push it up to 6 per screen but 4 is best .

 

[Madrus Rose]

Hey Madrus, yesterday's CANA jump could have been from hype over the CEO's interview on MSNBC the day before. You might want to put it on your watch list. A dividend announcement is expected at some point this year, and the end of March should bring a financial update as well as an update on the branding of their products and the cancer patients. Could be another 200% run.

peace

well General Cannabis up another 10% today , note its geting overbought & matching the previous longest plateau just here @ $4 & change ...if it is predictable the CCI down below is already getting extreme so should settle here soon , but volume still high so one more day maybe .... he's playing the PR game pretty well. The 52week high was $5.60 & lots of room into spring to pop it more i guess on hype .
( like no-ones ever seen MJ hype before , lol)

Never checked out Weedmaps , their news of offering daily deep discounts at dispensaries is cute ..said they processed 1.2mil in revs in the 3rd month & gross revs for 2010 @ $7mil . About 44mil shrs of the 83mil float are held by insiders which on paper gives them now about $160mil in paper equity and the company today a market cap of $345mil .

Sure beats playing in the dirt huh ? Now peeps can see why u
incorporate & go public .

 

[TNTBudSticker]

I Shorted Toyota on Paper today.I used to work for them.Half an hour over-time everyday and some Saturdays overtime for 4 years.

With plants shut down all over,this will have a big impact...they never going to keep up with the UAW breathing down their necks about "What happened to 40 hours a week"?

I quit because 52 hours a week just don't cut it with a normal human being not being greedy and the work is stupid is,stupid does.

50 Nuclear power plants in Japan ?? Like they can keep up with the demand of a crappy car paper weight built including having plants in the U.S.A closing down (9 plants and suppliers ).

I could be wrong BUT I'm 80 percent right.lol

I know most of the graphs say it's a good time to buy...BUT I'm going to short it on the way up.Like starting with a 1/4 position then add the half... ect.ect.

 

[SpasticGramps]

Well, we may "officially" be entering the second leg down. I'm afraid the bottom of this leg holds no bounds. Despite all the free money being injected into the system the housing market continues it's collapse. What a surprise. I'm sure this is all being spun as "totally unexpected."

January Case Shiller Data Atrocious: "At Worst, The Feared Double-Dip Recession May Be Materializing"

Case Shiller data is out, and it is as horrible as ever. The Home Price Index came at 140.86 compared to 142.42 previously. Basically the double dip refuses to stop, and that even despite yesterday's "stunning"(ly irrelevant) pending home sales number.“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's. “With this month’s data, we find the same 11 MSAs posting new recent index lows. The 10-City and 20- City Composites continue to decline month-over-month and have posted monthly declines for six consecutive months now. “These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing."

“The housing-market recession is not yet over, and none of the statistics are indicating any form of sustained recovery,” said David Blitzer, chairman of the S&P index committee.

QE 3 up next. QE 10,000 on deck.

 

[TNTBudSticker]

TM --- Gap down !!!!!

It seems it's the end of the month,maybe short coverings.

Aluminum (CENX,AA) Seems to be kicking some behinds.

Mannnnn...look at WLT !!
Sheesh..Well can't be a pig when ahead at ANY time.

 

[TNTBudSticker]

Well....Nice bull run for a few weeks..now we're may be hitting double top (12391.00) in 75 more points in the Dow.

The news says "US Stocks Close Best First Quarter In More Than A Decade."

Seems so.Now we begin a new month.Can't wait!

 

[Madrus Rose]

Major Crash Coming for Stocks, Commodities Already Topping Out
http://finance.yahoo.com/blogs/dail...-commodities-already-20110331-080715-415.html

The first quarter comes to a close today with major averages at or near multi-year highs. Expect "substantial" further gains for stocks before a "major top" occurs in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.

The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994."

While Dent predicts the Dow's crash will play out over several years, he sees clear and present danger in gold, silver, oil and other commodities. "All investors should lighten up on or sell oil, silver, and gold as the U.S. dollar looks like it has bottomed and should rise ahead," he writes in the March issue of HS Dent Forecast.

In the accompanying video, Dent further explains his thinking for why commodities will stumble ahead of stocks, which is the opposite of what happened in 2007-08. In sum, he believes efforts by global central bankers to fight inflation — with the notable exception of the Fed -- will hurt growth in emerging markets as well as demand for many commodities.

As for the Fed, they are "checkmated," Dent says, suggesting the Ben Bernanke & Co. are damned if they do QE3 -- because the bond market will freak out -- and damned if they don't -- because the economy and financial markets are so dependent on easy money.

 

[Sam the Caveman]

Interesting analysis Harry.

I'm not seeing commodity prices going down in the near future, I mean, how can they with the fed doing what they do best. I would be interested to know why Mr Dent thinks so.

I've been reading a few things lately about what will happen when the dollar looses its status as "world reserve currency," and as a result have been looking at currencies, mainly the CHF and the ruble.