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This is IWM daily chart as of 1/9/13. I guess it shows overbought. Check what happened the last time RSI went over 70.

Good morning. It is Wednesday 9:46 AM. SMH is up 0.88% and ADI just dipped below $42 (down 0.5%). Target is $39 in a month.

Back to the same chart cehck what happened in July 2012. SPY went up after a drop but IWM kept going down. Over 5% difference.

Alcoa will come up with its earnings today. Many are watching this earning as it is important to see how the economy is doing. My estimates is that AA earnings will be inline with prediction but will trim its next Q earning and will be cautious as we enter 2013. Shares might drop to $8.5 AH. AA...

Check out this one year chart that compares IWM and SPY. You can see that while IWM was outperforming SPY at some point lost its steam and underperformed SPY.

You are absolutely right. IWM is outperforming SPY and this trend has been on for a while but historically small caps are more volatile than blue chips. When things go bad and market goes under a correction, small cap underperforms because investors dump riskier (small caps) stocks and fly to...

TZA shows some sign of life in the last couple of days. IWM is overbought. Less risky trade is to short IWM and more risky and profitable trade is to buy TZA. TZA can go to $17 in February,

I expect ADI to drop more today. Current price is 42.43 (Time 10:04). It has alreadydropped 0.58%). Lots of room to go down. Can easily go to $39 in a couple of weeks.

MCD sales in Japan dropped 8% (today's news). YUM warned and dropped 5%. => Short MCD. Current price: 90.38

Sorry for the late update (not real time). Today (Monday Jan 7th) MCD was a good short when it hit over 90. I shorted weekly 90 Call at 0.8 and also 87.5 PUT for 10 cents. I am protected up to 90.90 and on the downside, down to 86.60.

I agree but I believe they are going off tangent by doing that. Most probably Best Buy also sells dumbbells in case you as a customer have problem moving your heavy items. you can do your workout there :)

Check your cushion. Don't let it drop below 20%. Below 5% you get a warning and If Your cushion becomes negative, you get liquidated.

You should also give yourself credit but being able to disagree with someone and at the same time not being rude. That is a very rare positive quality.

I post most of my trades online. On ADI, IWM, MCD, YHOO. You can check and see whether I should be hurt or not. I believe we will close 2013 flat or lower. The few percentage gain that we have achieved in the first few days will disappear soon. I have my reasons but too lazy to itemize them here.

Keep puching. I still believe SMH and specifically consumer semi will go lower. Check out SMH and ADI today.

I believe shorting IWM at this level (87.13) makes sense. It is way ahead of market. It should drop at least $1 easily soon.

The best one day trade for MCD today at 10:10 ET Sell weekly 90 strangle => Sell 90 PUT and CALL expiring today and cover at 3:58 ET.

Here is my input: I don't think that Staples will be out of business anytime soon but I really don't understand them. I don't understand Best Buy either. I wish I were CEO of Best Buy. I am sure that I could turn around the business in 6 months. The problem is that the CEOs are so disjoint...

Shorting more shares now at 90.56 and at the same time selling PUT 90 for tomorrow to beef up the profit.

If you were making 50K a year, you will pay 1K more in tax at least. This will come out of retails like MCD and not from Nordstrom sales. MCD sales will go down in 2013. Margin will be squeezed.