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Stock Market Today : May 21 - 25 - Page 5

post #81 of 725
5/21/12 at 9:54am
Quote:
Originally Posted by rando View Post

Surely FB must be the fastest company ever to lose $10BB in market cap following their IPO... ?

 

 

I have a buy order in @ $15 and you know i think it has a chance..Take a look at LNKD today..!!!

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post #82 of 725
5/21/12 at 9:55am

Just saw a tweet...$FB has been placed on short-sale restriction by the Nazz.

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post #83 of 725
5/21/12 at 10:01am
Quote:
Originally Posted by BobK View Post

Thank you. Still in dangerous waters I think. Resistance at 1293 and POC 1305.

POC has not really been quite as useful since we dropped below 1340s, IMO. Still important, as always, but the daily pivot has been better since middle of last week, as each day the market has been failing to gain any sort of positive energy at/above the pivot. It's at 97 today, and if I am to get long today, one prerequisite is to see price move over the pivot and backtest it successfully. Certainly over 04-06 there is a lot of blue sky to the mid teens.
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post #84 of 725
5/21/12 at 10:05am
There we go... that just convinced me to keep the bull playbook open for the time being.
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post #85 of 725
5/21/12 at 10:10am

JPM suspending stock buyback program, will continue dividends.

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post #86 of 725
5/21/12 at 10:11am

AAPL off to a good start this morning

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post #87 of 725
5/21/12 at 10:12am
Thread Starter 
Quote:
Originally Posted by rando View Post

There we go... that just convinced me to keep the bull playbook open for the time being.

 

I use resistance, support and just an observation of POC. Whatever works, right? I am short 10 Yr T Notes so I would sure like to see ES moving up.

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post #88 of 725
5/21/12 at 10:14am

$543.41 is the 60min AAPL creek.  That's the key break to turn the tide away from this downslide it's been in.

 

EDIT: 30ema is also in that area at 543.80 ...... these two levels need to be taken out and held.  


Edited by Rock Sexton - 5/21/12 at 10:24am
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post #89 of 725
5/21/12 at 10:17am
Thread Starter 
Quote:
Originally Posted by rando View Post


POC has not really been quite as useful since we dropped below 1340s, IMO. Still important, as always, but the daily pivot has been better since middle of last week, as each day the market has been failing to gain any sort of positive energy at/above the pivot. It's at 97 today, and if I am to get long today, one prerequisite is to see price move over the pivot and backtest it successfully. Certainly over 04-06 there is a lot of blue sky to the mid teens.

 

I just looked at 97 pivot and you did get what you wanted to see. thumbup.gif Now we'll see where we go. Give me a break above 1305 and I'll be happy.

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post #90 of 725
5/21/12 at 10:27am
Quote:
Originally Posted by BobK View Post

I just looked at 97 pivot and you did get what you wanted to see. thumbup.gif Now we'll see where we go. Give me a break above 1305 and I'll be happy.

Actually tested the pivot twice and held. Then immediate follow through to the upside. Of course, it's something like 5 or 6 days running we've seen the pop then bleed into close... one day we break the pattern. So far, today seems to have enough bullish energy. Not concerned with it being a bounce or reversal, just for what we get today, and so far today feels like it has as good a chance to break this pattern as any. But R1 at 1304 could provide a nice wall as it would be just about ten handles off the day session low.
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post #91 of 725
5/21/12 at 10:30am
Thread Starter 
Quote:
Originally Posted by rando View Post


Actually tested the pivot twice and held. Then immediate follow through to the upside. Of course, it's something like 5 or 6 days running we've seen the pop then bleed into close... one day we break the pattern. So far, today seems to have enough bullish energy. Not concerned with it being a bounce or reversal, just for what we get today, and so far today feels like it has as good a chance to break this pattern as any. But R1 at 1304 could provide a nice wall as it would be just about ten handles off the day session low.

 

No, darn it. laughing.gif 1305, not 1304. If we break 1305 then there's a possibility of 1310. I feel like I have been surfing since 5:30 AM. lol

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post #92 of 725
5/21/12 at 10:33am

AAPL shorts on stocktwits starting to get stopped out. Could get interesting.

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post #93 of 725
5/21/12 at 10:36am
Thread Starter 

Got 1305. Now give me a close above please.

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post #94 of 725
5/21/12 at 10:38am
Just in case we roll over later... FB, GOOG, GS all currently sporting .00 LODs, with GOOG almost ten bucks higher right now. NFLX HOD 70.00 might be in play here.
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post #95 of 725
5/21/12 at 10:42am

Seems like things are being set up today for the test of 1330+ this week

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post #96 of 725
5/21/12 at 10:50am
This is the best chance for the oversold bounce that everybody has been expecting!

One that might last more than a few hours.
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post #97 of 725
5/21/12 at 10:52am
Thread Starter 

I've got two pullbacks above 1305.25 POC. Looking for 1310.75. banana.gif

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post #98 of 725
5/21/12 at 10:53am
Quote:
Originally Posted by BobK View Post

No, darn it. laughing.gif 1305, not 1304. If we break 1305 then there's a possibility of 1310. I feel like I have been surfing since 5:30 AM. lol

"Fight, fight!!"

Looks like 1304 was the pause, then it went over 1305 and came back to kiss 1305. How about this... we're both right?? tee-hee
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post #99 of 725
5/21/12 at 10:55am
Quote:
Originally Posted by BobK View Post

Looking for 1310.75.

Wrong again... looking for
241
ha
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post #100 of 725
5/21/12 at 11:02am
SPX needs to take out Friday's high around 1312, resistance coming in above 1320. suspicious.gif
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