<![CDATA[HotStockMarket Message Boards - Blogs - SJ's Stock Market Blog by StockJock-e]]> http://www.hotstockmarket.com/forums/blog.php?u=426 Top rated stock market forums, penny stocks, mid cap, large cap, live chat stock tips and educational videos - HSM Message Boards en Sat, 21 Nov 2009 09:33:03 GMT vBulletin 60 http://www.hotstockmarket.com/forums/images/misc/rss.jpg <![CDATA[HotStockMarket Message Boards - Blogs - SJ's Stock Market Blog by StockJock-e]]> http://www.hotstockmarket.com/forums/blog.php?u=426 <![CDATA[How are those ARM's coming along?]]> http://www.hotstockmarket.com/forums/blog.php?b=74 Mon, 09 Nov 2009 14:38:57 GMT This whole mess begin with mortgages, and its about to get a second wind which is why a lot of traders are expecting that the stock market is going... This whole mess begin with mortgages, and its about to get a second wind which is why a lot of traders are expecting that the stock market is going to drop into 2010.

Here is the Adjustable Rate Mortgage schedule beginning in Jan 2007:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=74 Time to get out of longs? http://www.hotstockmarket.com/forums/blog.php?b=70 Thu, 22 Oct 2009 21:53:58 GMT The markets have been trading exactly as they should be. The move we have been experiencing to date is a perfect bear market bounce. There may be... The markets have been trading exactly as they should be. The move we have been experiencing to date is a perfect bear market bounce.

There may be some upside in select names, but the cracks are starting to show. Lower volume with increasing price, transports and real estate lagging the markets, all these could be early signals.

Like all bounces this too must end. Here are my expectations for this move:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=70 <![CDATA[Divergence in RSI on 60min S&P 500]]> http://www.hotstockmarket.com/forums/blog.php?b=66 Sat, 12 Sep 2009 18:47:54 GMT While over extended markets can remain over extended, eventually they always do fall.

The S&P may be due for a pull back soon though.

Thelongranger posted this chart yesterday:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=66 Weekend analysis http://www.hotstockmarket.com/forums/blog.php?b=64 Sun, 06 Sep 2009 23:57:59 GMT The markets closed the week on a positive note, leaving us the long weekend to ponder on what is to come. Thelongranger put up this chart for us:... The markets closed the week on a positive note, leaving us the long weekend to ponder on what is to come.

Thelongranger put up this chart for us:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=64 <![CDATA[S&P 500 technical levels]]> http://www.hotstockmarket.com/forums/blog.php?b=62 Wed, 02 Sep 2009 03:22:00 GMT A nice chart by thelongranger in the Stock Market direction thread: Image: http://img259.imageshack.us/img259/2658/sppx.png A nice chart by thelongranger in the Stock Market direction thread:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=62 How far along are we in this bear? http://www.hotstockmarket.com/forums/blog.php?b=61 Mon, 31 Aug 2009 15:33:42 GMT Got a great chart sent to me by milezteg, here is the current bear market compared to a few others: Image:... Got a great chart sent to me by milezteg, here is the current bear market compared to a few others:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=61 Refinery stocks to watch http://www.hotstockmarket.com/forums/blog.php?b=51 Mon, 27 Jul 2009 17:06:21 GMT The biotech stocks I mentioned on June 17th all took off nicely, the biotech ETF made a nice pop this past week, so take profits there. Now lets... The biotech stocks I mentioned on June 17th all took off nicely, the biotech ETF made a nice pop this past week, so take profits there.

Now lets try find something else that has not run too much yet.

As usual, money looks for to go in uptrending markets like these. The refinery stocks have all been priced for doom, but a few have made some important technical patterns.

SUN has a possible double bottom around $22, no confirmation yet, but it has made a nice move off that support. Its good for a trade here until the downtrend gets challenged.



FTO I just noticed got mentioned on Fast Money, just up my alley.

A nice long support level @ $12, just making a move off it now.



Trading stocks near support lowers your risk/reward if you place a stop at that support level. If SUN starts heading back to $22, I will bail and wait to see if the support holds. Same for FTO @$12. ]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=51 Stock Market charting time! http://www.hotstockmarket.com/forums/blog.php?b=47 Tue, 07 Jul 2009 16:19:55 GMT There was a great post by Mr Winky in the stock market discussion thread which I feel needs to be repeated: ---Quote (Originally by Mr.... There was a great post by Mr Winky in the stock market discussion thread which I feel needs to be repeated:

Quote:
Originally Posted by Mr. Winky View Post
Since I just got back from vacation yesterday, I'm a little out of tune of what is going on with the markets. Trying to get back into the rhythm again. :cool:

...and I just noticed, all my charts don't have any studies (moving averages, bollinger bands, etc) on it. I'm really out of it today. :LOL:

Some people noted this before, notice that head and shoulders forming? Its a beauty! However, I see it running into some support (which it did), so I wouldn't be surprised to see a slight bounce tomorrow before breaking through it. If it does bounce up, I would expect it to touch that fat green trendline there then head back down. Just IMO, of course.

Banking index was full of weakness today. Not confident in it at all. However, we are running into support here as well. I'm seeing a descending triangle. Wouldn't be surprised to have a small bounce here (of which it did EOD) as well but its running out of room to go! Volume still light however.

I mentioned before that the S&P and the VIX are trading sideways. This is still in effect. Market is still trading sideways. I'm still sitting on cash (mostly anyways). Not until we break a few key lines will I consider going on the downside.

S&P Futures, same as the first chart pretty much.

And here we are again. Institutional chart. We are clearly in the stages of distribution along with the S&P. Keep a close eye on key levels! ;)
]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=47 I like POT http://www.hotstockmarket.com/forums/blog.php?b=42 Thu, 02 Jul 2009 17:06:49 GMT Thats right, I like POT, and the endless jokes that follow every time somebody talks about that ticker :LOL: Here is the scoop: POT came out and... Thats right, I like POT, and the endless jokes that follow every time somebody talks about that ticker :LOL:

Here is the scoop: POT came out and announced some horrible Q2 guidance. The stock took a big hit, touching $87.20. Even with that bad news, POT still held the uptrending support from the December 2008 low, uptrending to the March lows.

Today we got word from Russia that OAO Uralkali, Russia's second-largest potash producer raised prices demand for complex fertilizers went up.

POT retested 90.70 yesterday, so its safe to say that $90 is a pretty sweet stop loss level.

Ag stocks are the ticket heading into the second half of the year. We also have a ETF you could consider, DBA.



As for the Agriculture ETF, using 24.50 as a stop loss, we can try catch the uptrending support with a fairly good risk/reward play.
]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=42 Another shot at RIMM? http://www.hotstockmarket.com/forums/blog.php?b=38 Thu, 25 Jun 2009 15:58:38 GMT This could be another Tila Tequila sequel! RIMM and all the other mobile phone related techs have enjoying a huge rally, but something different... This could be another Tila Tequila sequel!

RIMM and all the other mobile phone related techs have enjoying a huge rally, but something different has been happening lately.

With all the love being passed around, RIMM is starting to lag.

It looks like we may be setting up for a low $60's handle on RIMM if we see another week of declines in the market, important support at $66 will tell the tale.

As posted on the RIMM thread regarding the divergence we are seeing today:

Quote:
Originally Posted by Flipperbw View Post
Yeah, that is odd.
]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=38 Markets bounce on strong durable goods orders http://www.hotstockmarket.com/forums/blog.php?b=37 Wed, 24 Jun 2009 14:24:18 GMT Heading into the Fed meeting, we were going to be flat, but some better than expected durable goods orders have sent us upwards this morning. The... Heading into the Fed meeting, we were going to be flat, but some better than expected durable goods orders have sent us upwards this morning.

The Commerce Department said orders for big-ticket manufactured items rose 1.8 percent. Economists were expecting a decline of 0.6 percent.

A good post and chart by drillindk in the Stock Market Discussion thread with a chart of where this bounce could lead. As you can see he is still expecting some downside if that resistance holds:

Quote:
Originally Posted by drillindk View Post
Glad I went golfing, the market played out just how I called it. Anyway, hopefully the charts are self explanatory. Not sure what to do if it tanks first thing in the morning Probably look for strong reaction off 888 upwards.

The blue dots are areas where retracements meet the declining fan line. Support levels would be broken in this situation.

edit: one other thing I have learned is that sometimes these sequences alternate. For instance, when I was looking for 957 or 994, I should have expected 957 since the previous expansion was 161.8% so the next one "should" have been less. If this first expansion proves to have been 127% only, I might suggest we expect the next one to be 161.8%.


[IMG]
]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=37 Biotech action http://www.hotstockmarket.com/forums/blog.php?b=33 Wed, 17 Jun 2009 16:42:04 GMT The biotech sector, while off the lows nicely, has largely been ignored in this rally. If markets are pulling back here, money will look into this... The biotech sector, while off the lows nicely, has largely been ignored in this rally.

If markets are pulling back here, money will look into this sector for some moves.

The S&P biotech ETF has some resistance to get over, but smaller names like AMGN and CELG are breaking out of recent patterns.





]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=33 SQNM busts a move http://www.hotstockmarket.com/forums/blog.php?b=29 Tue, 09 Jun 2009 19:37:34 GMT There is something to be said about the virtue of patience and preparedness, in fact, in my sig I have my mantra displayed for all to see: ... There is something to be said about the virtue of patience and preparedness, in fact, in my sig I have my mantra displayed for all to see:

"Success occurs when preparation meets opportunity."

Gambler2076 did he research, picked his entry and waited patiently for the catalyst (which for this lucky bastard came the next day). :Thumbsup:



+42% today to $4.75. Nice work :Booyah: ]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=29 Agriculture - IPI break out http://www.hotstockmarket.com/forums/blog.php?b=26 Fri, 15 May 2009 15:33:37 GMT I posted in the IPI thread yesterday about a break out in progress, Ag names have been attracting plenty of buying interest, IPI included. For the... I posted in the IPI thread yesterday about a break out in progress, Ag names have been attracting plenty of buying interest, IPI included.

For the month of May the stock consolidated a run to the $26-$28 range, it was pushing up on the resistance and finally broke through today with some very nice volume:



Similar story with AGU:

]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=26 Markets are down, great time to see what floats. http://www.hotstockmarket.com/forums/blog.php?b=23 Wed, 13 May 2009 20:24:37 GMT Did you catch SRS today? Nice 13% run from my call yesterday :Thumbsup: :D Hopefully more to come on that one, we need to see how this decline in... Did you catch SRS today? Nice 13% run from my call yesterday :Thumbsup: :D

Hopefully more to come on that one, we need to see how this decline in the broader markets separates the bad from the worse... Now we get to see what sinks and what floats.

Almost every stock out there has been rising over the past 8wks as money flows indiscriminately into anything. Market declines like this are a magical gift if you know how to read them. The stocks that fall the hardest are the sickest, you do not want to hold them.

This brings me to my trade idea for the day and that is another coal stock I am liking, ANR.



ANR, like my previous coal pick CNX (which was a sweet trade!) just bust out of a long consolidating sideways trend. The company announced a $2B merger which is knocking the stock down.

The break out occured at $20, so anything in the low $20's with a stop at $20 is a sweet deal. Ideally somewhere around $22 would my entry, but Ill play it as I see it depending on market strength. ]]> StockJock-e http://www.hotstockmarket.com/forums/blog.php?b=23