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Stock Market Today : July 30th - August 3rd - Page 16

post #301 of 619

Thirteen thousand freaking even........

That should match the headlines.

400fpDJIA-narrow.gqplus?rand=411508234

post #302 of 619
Quote:
Originally Posted by ankhmor View Post

Do you guys often deal with this question or is it a no 99% of the time:

 

Do I hold a profitable position overnight?

 

That's a loaded question.  Each day is unique.  My biggest suggestion is to take some profits off the table for insurance.  It also depends on what your target is, how long you're willing to wait to hit it, and if you have a portfolio to sit thru the ebb and flow til it gets there.  Market conditions can affect the day to day trajectory.  Wish it were as simple as a stock moving straight to our target.  But with high frequency trading systems, basket trading, and statistical arbitrage, that doesn't happen.

post #303 of 619
Quote:
Originally Posted by webChris View Post

"NYSE to Cancel Trades in 6 Stocks Affected by Earlier Trading Glitches" - CNBC.com

 

Wow, going to be a lot of pissed off people. Lots of people were trading against these algos, stops were going off, crazy stuff.

 

"but, but, Mr Nyse, I sold that for a very good price; No, no, I don't want to buy it back, Look Wait..."

 

Any sellers here, ever been snake-bit by such cancels?   (i could imagine it happens with the penny-stocks all the time?)

post #304 of 619

nice breakdown into the close.

post #305 of 619
ES is in a nice regression channel off 1262 June low to recent 1387.50 high, we are approaching middle of channel, tomorrow at close the lower TL is at 1346. Coincidentally, or perhaps not, the 1 hr POC is at 1347. Would love to see a medium volume dip to that level, would most likely add to some miners and maybe get into some swing longs, if it looked like a non-threatening pullback.
post #306 of 619
TF approaching one of my favorite inflection points of all time, at 768.4, the Oct 2011 high, it has been a huge magnet for moves that go too far from it, especially moves above it. Just a pt away.
post #307 of 619

Bring on FSLR 20.00 ..... Been talking about it for weeks on here.  They report yet?

 

EDIT: There it goes.

post #308 of 619

Nice afterhours on SPY

 

It's a slugfest ladies and gentlemen. 

post #309 of 619

Glitches where you see a fat finger trade and there's a high or low left on the stock thats way out of line with the current stock price, Ameritrade would not issue a margin call because it was only for a split second. In today's case where many stocks opened up a prices and stayed/traded in that range for half an hour or somewhat of an extended amount of time and not just one instant, Ameritrade probably would have called you, told you to close it out or put up more collateral. If not, they would have liquidated it tomorrow or something. Usually they give you some time.

post #310 of 619
Quote:
Originally Posted by Rock Sexton View Post

Bring on FSLR 20.00 ..... Been talking about it for weeks on here.  They report yet?

 

EDIT: There it goes.

 

 

http://blogs.barrons.com/techtraderdaily/2012/08/01/fslr-jumps-15-q2-rev-eps-beats-big/?mod=yahoobarrons

 

Quote:

Shares of solar energy technology provider First Solar (FSLR) are up $2.06, or 14%, at $16.82 in late trading after the company reported Q2 revenue and earnings per share that trumped estimates by a wide margin.

Revenue in the three months ended in June rose 80%, year over year, to $957 million, yielding EPS of $1.27.

Analysts had been modeling $822 million and 92 cents a share.

The large surge in revenue was attributable to a number of projects having met “revenue recognition criteria” among its solar energy installations in the U.S., the company said.

Shares of competitor SunPower (SPWR) are up 17 cents, or 4.5%, at $3.95 in late trading.

CEO Jim Hughes said the company had “delivered strong performance in the quarter” despite “market uncertainties.” He said the company believes it will be able to meet a target of 2.6 gigawatts to 3 gigawatts of sales “in sustainable markets.”

Separately, the company said its board elected Hughes to the position of director. Hughes has been with First Solar since May, when he replaced founder and chairman Mike Ahearn.

First Solar will host a conference call with analysts at 4:30 pm, Eastern, and you can catch the webcast of it here.

post #311 of 619

ANF getting hit here and so is WTW .

post #312 of 619

VIX is slightly up, and VIXC is down.

 

TSX finished down with a slight increase in volume, at the 50% mark of the previous move up. It might also be sitting on top of a trendline, but I can't say for sure that I drew the line correctly (though I hope that I did). Intraday charts aren't looking too clear but I'd call them more bearish than bullish (for now), but after the first hour of trading it should become clear where we're headed.

 

SP500 is at 1375 which has been my target for the pullback this week. Applying SPY volume to the SP500 daily chart, I get a bullish picture. However, SPY itself is more bearish than bullish. Both SPY and SP500 look overextended on intraday and are due for a retracement up, which can turn out to be a beginning of a rally. At 20:00 the futures are slightly up, and the afterhours SPY has been climbing slowly up from a very nice inverted hammer.

 

That's about all I look at. I have a bullish feeling for tomorrow, but I don't know if it's real - I do have a long position after all. 

 

Hoping that the Euro meeting will bring some bullish news tomorrow... and why not? Their vocabulary isn't vast enough to include bearish terms. 

post #313 of 619

well i've already thrown up about 3 times since cmg had earnings. 

Quote:
Originally Posted by charulz View Post

lol same here! its funny how im trying so hard not to look at CMG and you keep mentioning it! and everytime i look back at the chart it makes me want to punch my keyboard

post #314 of 619

1000

 

SPY is in a nice channel right now and I believe that 140 is easily attainable. However, it seems like for the short-term, we may be going to be hitting the lower trend-line at around 134 this or early next week. The thing is that the last two candles are showing us as being flat so far and the move to 134 might not happen. To hit this level, we would need a nice long red candle tomorrow. If that were to happen tomorrow or Friday, I'd hope to see an EOD RYFOR.

post #315 of 619

Pretty obvious, but a bounce for SLV looks to be in the works for Friday.

1000

post #316 of 619

all eyes on ECB.  Draghi opened his mouth, everyone wants to see how he will back it.

post #317 of 619

Talk is cheap... unless there has been a breakthrough in their studies of alchemy. The market has shown great patience, for a junkie, this week waiting for it's new more powerful drug. Expect to see some rapid expansion after all this contraction. Hopefully the fireworks go out all at once, lol. At least the ECB is early for the US timezones, no waiting until the afternoon for nothing. Market holding up though, wants higher, wonder if it will end up ignoring any ECB fluff or news. 

 

 

Slightly trending down though:

 

1000


Edited by rmejia - 8/2/12 at 7:59am
post #318 of 619

KCG -57% .... in the $2's now laughing.gif

post #319 of 619
Suck it Knight Capital Group (KCG). Skewered.
post #320 of 619

lol, yea KCG got roasted. So Draghi "may" do some stuff in the coming weeks. Market seems to be reacting rationally so far. Any measures taken will be long term, can see 4 more years of this slow "growth" in my fuzzy cloudy crystal ball.

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