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    Is it stupid to short the top % gainers of the day?

    My advice is to look at a chart with moving averages first before you enter any trade to see if it makes sense. Establish resistance points and ceilings... However, the trade being described is unpredictable and highly volatile. You shouldnt do this until you have more experience. I...
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    Lower Crude does not mean higher Stock Prices

    There are also some other correlations that are not easy to see. Such as how would the price of crude effect a place like McDonalds? Better yet, how would the price of ethanol effect McDonalds? Most of the business at McDonalds is through the drive-thru. Higher oil means less trips in the...
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    Lower Crude does not mean higher Stock Prices

    There are certain indexes that are effected by lower crude. The Nasdaq is not really effected by crude, but its effected by the TNX. The Dow Industrials is effected by the price of crude, well, because they are industrials. Airlines are effected by crude. The S&P 500 is a mixed bag...
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    TOYOTA....TM what happened????

    Yep. 95 billion in debt and the TNX is going much higher.
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    Trading for Friday

    I respect everyone's opinion, but you must consider inflation, money supply and many other factors when looking at the market's appreciation. When you weigh in these other factors, the overall market really hasnt appreciated at all. In the last 3 years, housing costs have doubled...
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    Island Reversal forming on the OIH

    A drop like this tests the real areas of support. I feel there are two ways it can go from here. This will create a spectacular V-Bottom on the chart where everyone is feeling gloom and doom. Then there will be some bullish news that sends oil much much higher off of the v-bottom like an...
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    Island Reversal forming on the OIH

    Here we go...in a few days, this is going to appear as the classic Island reversal on the charts. Im holding my breath on this call. If oil was to fail 55 dollar support, then its going to $33. Im not kidding... BTW, OPEC lied. Tanker count demonstrates that they are not making good...
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    Trading for Friday

    Employment report came out too strong. The TNX is heading for 5 and the Nasdaq will now tank. My prediction is that the TNX will continue up the channel and this will be just like May. However, the DOW might be saved because of low oil, but the Naz is going to tank. The S&P will be...
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    Mot Tanking Down In Premarket On Warning

    From a consumer's standpoint, its not that great of a company. Every Motorola phone I have ever had has been junk. Nokia offers a far better product. I once had a Nokia phone that was seemingly indestructable. One time I was mad and threw it with full force at a wall. It came apart in 3...
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    Mot Tanking Down In Premarket On Warning

    http://stockcharts.com/h-sc/ui?s=MOT&p=D&b=1&g=0&id=p66015825211 The chart says it all. This might be a good swing play. 18.5 is the resistance. If it keeps there, then its an outstanding buy and great swing play. HOWEVER, if it doesnt respect the 18.5 line today then it will probably...
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    Trading for Friday

    http://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=1&g=0&id=p30393667399 Here is the only thing fueling the markets. The bottom was at 4.40 in late November. When it started rising, notice how the NDX started having trouble. Today is where it is decided whether the NDX channel goes lower or...
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    Trading for Friday

    I believe if the SPX closes over 1430, then the bull market will continue. If it closes below 1414, then we might have a trend reversal. Below 1399, definate trend reversal. Large money concern stops are probably set right around 54 dollars in the oil market. No signs from OPEC that an...
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    Trading for Friday

    It wasnt that weird when you put it in perspective. Every institution has a huge energy trading desk. Most likely a lot of them were long oil going into the new year. They had to liquidate and were probably on margin. In order to cure the margin, they probably had to cover some shorts...
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    Trading for Friday

    Going to bed now. It appears that the foreign markets are in the red, the arbitrage meter has one long red line across it for the ndx meaning the futures are in the tank, oil is forming a V-bottom, Motorola warning huge to the downside. Now what about that employment report at 8:30am. I...
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    Recession Is Here Right Now!!!

    The guy who originally posted this is on my ignore list. I cant see what he typed. The first post I see is the stfu post. Funny
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    100,000-115,000 is the expected job number tomorrow..

    I figured it out. All those hedge funds that were long oil, were also short nasdaq stocks. Oil tanked and they had to get liquid to meet margin. Covered their shorts in techland. It wasnt a rotation into tech, I think it was a short covering rally.
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    Island Reversal forming on the OIH

    If oil falls below 54 dollars per barrel, the oil bull market will be over and then the bear market begins and my analysis will fall into the wastebasket... Right now the front month is staring across the line at 54 dollars at 55.44. OPEC needs to convene an emergency meeting. If they...
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    Island Reversal forming on the OIH

    http://stockcharts.com/h-sc/ui?s=oih&p=D&b=9&g=0&id=p64940932772 This is my gut speaking and what I believe is happening right now. I dont believe the selloff was due to the weather. Is everyone going to stop using oil because of some warm weather? Is OPEC going to simply stand back...
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    100,000-115,000 is the expected job number tomorrow..

    http://stockcharts.com/h-sc/ui?s=ndx&p=D&b=9&g=0&id=p64940932772 Here is a chart of the compq, the ndx looks similiar. You can see that a channel was established in late November. Then its made a few roundtrips up and down. This tells me that the investing/trading community is unsure of...
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    s&p just made intermediate term top @ 1431.8

    Let me show you what is going on with the COMPQ. http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&b=9&g=0&id=p64940932772 Do you see the pattern forming? The ceiling appears to be 2470 before it bounces back. It has been in a holding pattern since late November. The volume has been good...
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