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

[Mountain]

CENX actually charts better with a 20 than 25 on something like a 3 month time frame. Honestly never looked at a 100...D'Oh!... but can see how it's useful. I've been looking at RES today and the 50 is useless but the 100 is primo as a support line...thx guys.

As for that aluminum report...definitely some good things happening with Alcoa and general market dynamics both for Al and the strengthening in the economy. I don't care about long term stuff as I'm usually only in something for a day or two. I still look at underlying influences always before entering any trade to enhance my chance for success. AA is up 4% today with the breakout on volume but the Feb 16 calls are up 75%...that's all I need but still think AA might hit $17.50 early as tomorrow. That's my target price to close out and isn't this thread about short term trades??? LOL!

BTW that chart of CENX looks a bit sloppy.

 

[TNTBudSticker]

I agree WEN could be a fully saturated stock and has better competition like YUM so WEN would be good for a trade or 2.But long term...if one is going to hold out and wait for the company to be picked up by a investment firm and it went higher like $10.00 more dollars a share then what it is now.Like Burger King went from $14.00 to $19.00 overnight when it was picked up and went private.
This doesn't happen alot.Some file for bankrupt and its get re-issued as a new stock again.Like WINN (winn-dixie) (Katrina flooded most of their stores and the stock went to 0 then got re-issued as new stock with a new price).

The 25MA and the 100MA.... I saw when I was chasing GLD -gold and in August of 2010 you can see both lines touched and now it's on the verge of touching again.We'll know either it's a pullback in Gold or it's the Bears making honey for themselves.With the 50MA-200MA it would have been harder to figure out the trend.

I heard BP is starting up dividends now..but its .07 per share per quarter rather the .84 cents per share per quarter.

The 25MA-100MA on BWP..the 25MA seems to be heading up so I'm going to confirm it if breaks $32.50 when the blue line crosses the red at 100MA...We'll know by next week.

 

[Madrus Rose]

bwld making its pre-super bowl move , lol
http://stockcharts.com/h-sc/ui?s=BWLD&p=D&b=5&g=0&id=p17104049578

(buffalo wings)

 

[SpasticGramps]

Anyone trading commodities? They seem to be outperforming equities right now.

Granted this is going to eventually starve the third world (ie Middle East and North Africa not liking it right now), but seems that lots of people are making money off the trade.

 

[Mountain]

bwld making its pre-super bowl move , lol
http://stockcharts.com/h-sc/ui?s=BWLD&p=D&b=5&g=0&id=p17104049578

(buffalo wings)

LOL...I should check out the pizza stocks.

Anyone trading commodities? They seem to be outperforming equities right now.

I've never touched commodities and only deal with stocks and even then only those I can understand what they're doing. I stay away from drug companies, biotechs and some others cause I just can't get my head around what they do and how that fits into the marketplace, competition, etc.

As for that commodity stock the US has such an oversupply of natty gas companies are looking at building export facilities. LNG is one and had a nice 2 day run. Sold a bit early but still did OK. Another company yesterday announced they're going to build an export facility in Maryland but forgot their name. None of these facilities will come online until like 2015 or just before. Still natty gas in the UK goes for twice what it sells for in the US so long term this could work out good for stocks like LNG.

Solar was hot today...nice pop on SOL out of the consolidation . I think energy stocks have room to run and focusing there and some select tech issues. Big caps looking good too.

Missed MGIC though...was looking at that at the close yesterday but usually stay away from earnings announcements. HLIT looks good but once again earnings due after the close tomorrow. Most techs are beating estimates though and providing positive outlooks.

 

[Mountain]

AAPL - don't know about shorting it here and more apt to believe it's gonna pop. Lots of strong stocks breaking out recently. Most of the action in techs but retail doing good like LULU, UA, TIF.

HLIT - not surprised that went off but JDSU...wow. CCME imploded...never seen the bears and bulls so far apart on the 'story' and the bears won this one.

 

[ericed]

what is your opinion Hershey or similar leading up to vday?

 

[Mountain]

what is your opinion Hershey or similar leading up to vday?

Mmmmm...I don't play stocks like that but took a look at HSY and what I see is...

1. It's a large cap stock finishing up a 9 month base. A dinosaur behemoth really that moves slowly. Valentines day is kind of a blip with a stock like this. I'd think more peeps buy flowers and for sure more chocolate moves during Halloween especially with the grade of chocolate HSY makes. How many guys give Hershey bars to their ladies? Maybe in the trailer park...lol!!!
2. Made a nice move thru $50 on volume but I wouldn't get interested in the stock until it starts working around $52. I mean $50 to $52 is a 4% gain and pretty sure it'll get to $52 but a ton of resistance at that point. Clearly defined channel though between $46 and $52.
3. Institutions don't like the stock and you can see that with it ignoring it's 200 day moving average and it's E (bottom of the barrel) Investors Business Daily rating for the group it's in. Institutions move the market/stocks and not individual investors.
4. While the leader in it's group it lags the entire market in it's Composite Rating, Earnings Per Share and Relative Strength but the stock is being accumulated though.

No I don't see much happening with this stock in the near term...then again I passed on JDSU near the close on Thursday then it popped 20% on Friday...LOL! Still I don't see much potential with HSY at this time. Honestly RMCF in that group, #2, looks better technically but very thinly traded and has some bad things going for it also fundamentally.

Take what I said with a grain of salt bro. In some ways the market has already priced in any Valentines Day move...unless there is a surprise when they announce earnings and especially if they raise guidance.

Looks like HSY is improving though. FLWS (1-800-flowers) made a nice gap move recently and consolidating the gain but at $2.75 I'd stay away and the chart in general looks like crap.

I don't see much happening with any Valentines Day move and seems the companies that would benefit from sales have already done the deed a bit.

 

[Mountain]

Ericed - another option for a Valentine's Day play is OPEN. They process restaurant reservations. It's a leading stock and has had a great run in the past 2 weeks and is extended. I mentioned this one awhile back. Not something I'd go after at this point and just FYI stuff...

SAN FRANCISCO, Feb 7, 2011 (GlobeNewswire via COMTEX) -- According to a new survey by OpenTable, Inc. OPEN (www.opentable.com), a leading provider of free, real-time online restaurant reservations for diners and guest management solutions for restaurants, this Valentine's Day is poised to be a busy one for restaurants with nearly 90 percent of respondents saying they plan to celebrate by dining out. "When Valentine's Day bookends a weekend, it's typically good for restaurants and diners," said Caroline Potter, Chief Dining Officer for OpenTable. "With Valentine's Day falling on a Monday, diners have four days -- Friday, Saturday, Sunday and Monday -- to enjoy a romantic meal with their loved ones. Plus, 'Valentine's Day Weekend' provides more opportunities to secure reservations at the most popular romantic restaurants."

I'm still a fan of some energy stocks like KOG, NOG and even EGY where they're at now, RES seems like it needs more work, but techs going off. SOL in the solar sector looks nice even though not a leader in that sector. EZCH and TQNT made some nice moves today. I like EZCH better but they report on Thursday. TQNT is running at 90% capacity and mainly tied to AAPL at this point. While it may move in the near term hard to see where long term growth will come from. Speaking of AAPL...a new high and not overbought yet...lol!

 

[Mountain]

I'm basically talking to myself in this thread. Godluck to anyone messing with stocks short or long term

 

[Zen Master]

I'm basically talking to myself in this thread. Godluck to anyone messing with stocks short or long term

I'm listening


I dont have much to say, just absorbing and learning.

 

[zenoonez]

I am in the same boat with Zen Master, I always play inexpensive stocks, I try to keep it under 2.50 and choose stocks with active trading graphs. All you guys playing high dollar stocks have much more money to play with than I do. Lol. I have been watching the ethanol industry because it has been on a fairly across the board falling pattern and many stocks that were well over 10 bucks are less than 1 buck and bordering on being extremely underbought. One jumped 8% after open this morning before pulling back. I unfortunately slept in this morning after a late night. I guess will wait and watch.

 

[thinkin]

If anyone is actively trading stocks/options/futures,
NUMBER #1 RULE PLEASE PLEASE Perfect your method before trade in simulation/paper account.

Plan for everything!
I sugguest predetermined risk/reward

GL

FYI aapl is a bull orgy. better shorts exist.
HUGE piece of advice for newbie: when in doubt, expect (daily) trend to continue.

 

[Sam the Caveman]

I've been paper trading using technical analysis for 8 months, except for jan.

I absolutely love it, I've made plenty of mistakes and learned a lot so far. Right now I'm using 2 different strategies and keeping the trades separate on paper so I know which strategy is more successful.

It will be about 3 months or so before I have enough money to open an account with. I'd like to start with a margin account, so $2000. Then add $2000 additional to the account every month for 9 months. That's the plan anyways.

I started back paper trading last week and have made some great trades so far, I can't wait to open an account and start building my $$$$. Confidence is building, can't get greedy.

 

[SpasticGramps]

So much for the correction huh? Looks more light volume meltup to me. I bet we hit 13K in a couple of months.

 

[Mountain]

Maybe my last post worked...lol! Mainly looking for interesting conversation and debate. Cool to see the different viewpoints.

All you guys playing high dollar stocks have much more money to play with than I do.

Used to feel that way. A different way to look at it is the stocks potential to move and that's not related to the cost per share.
1. LMLP was on my watch list but no options so passed. 20+% high volume pop out of a very tight consolidation the other day and healthy pullback in the works. Expect this to take another leg up in a bit. Currently at $3.89. Strong fundamentals and technicals.
2. SFN was on my buy list and talked myself out of it. Another real tight pattern. 35% move in 5 days. Very solid fundamentally and technically. Currently at $13.20.
3. LULU was also on my short list to watch and has moved over 15% in 6 days. Another solid stock. Currently at $80.89.
4. I passed on GSOL at about $10 cause no options...then a 20% gain in 5 days.
5. GGAL is setting up nicely and very solid all around except E rated industry group but it's the highest rated stock in it's group! They're in banking in Argentina. I expect it to break one way or the other very soon and bullish on this one.

These are the kind of stocks and patterns I look for.

1-4 have made moves which could very well be the start of something more significant long term. It's not the cost per share but the % gained. So you buy less shares of a more expensive stock or more shares of a less expensive stock. Really doesn't matter.

FYI aapl is a bull orgy. better shorts exist.

Absolutely agree. The recovery in the general market, and AAPL, was apparent very quickly after that Friday's drop. Was hoping for a better pullback. Lots of coverage recently that smart phones and tablets will outsell pc's in 2011 and most of that due to the iPhone and iPad.

TQNT was interesting...today peeps found out none of their chips in Verizon's iPhone and instead it appears SKWS got the nod.

MCP and REE have been interesting in the rare earth metal area. I funded my trading account again when I read about the rare earth issue China. Was lazy and did not wire my money and sent by ACH instead. My $ cleared in the afternoon the day that MCP popped...then proceeded to go from $40 to $60+ and I was looking at the January 40 calls...LOL!!! Man that SUCKED!

I've been doing this on and off for 15 years. Every day is a learning experience.

 

[zenoonez]

So much for the correction huh? Looks more light volume meltup to me. I bet we hit 13K in a couple of months.

Makes no sense at all from a logical perspective. Honestly. Egypt is boiling. Jordan is changing its govt. A refinery fire was on the national news. Jobs numbers are bad. The market is moving upward on a general feeling that the US economy is recovering? What happens when we get there and we actually can justify this sort of level? We will be so high we will have to pull back in a healthier economy than we currently have. It makes no sense to me.

 

[Tela]

Makes no sense at all from a logical perspective. Honestly. Egypt is boiling. Jordan is changing its govt. A refinery fire was on the national news. Jobs numbers are bad. The market is moving upward on a general feeling that the US economy is recovering? What happens when we get there and we actually can justify this sort of level? We will be so high we will have to pull back in a healthier economy than we currently have. It makes no sense to me.

two words: fear and greed

it's definitely not going to be logical if thats what you're looking for. more like an emotional casino. why do you think stockbroker firms recruit from places like pokerstars?

buy buy buy. get on the train!

 

[Mountain]

Makes no sense at all from a logical perspective. Honestly. Egypt is boiling. Jordan is changing its govt. A refinery fire was on the national news. Jobs numbers are bad. The market is moving upward on a general feeling that the US economy is recovering? What happens when we get there and we actually can justify this sort of level? We will be so high we will have to pull back in a healthier economy than we currently have. It makes no sense to me.

As for making sense do you think it's going to get better or worse from here? The stock market is a leading indicator by about 6+ months...it's always looking into the future. With stocks you're paying for future/potential earnings. For sure things have improved from the thrashing the economy, and companies, took over the last few years. Many companies have been reporting extremely strong growth in profits the last 3 or so quarters but that's compared to when things tanked.

When we 'get there' I'm guessing the market will have pulled back already...lol.

 

[thinkin]

Dont overanalyze the news. total back fill ! Actions speak louder than words.
Commodities have sold off, hinting at bull weakness. Bulls ignored and walking rally higher.

At some point, spread between equities and commodities should tighten again.
commodities will rally or equities will sell.