market weakness

[pinkman]

Happier now, stocktrad3r?

As I said, nothing to worry about. Healthy pullback for an enevitable up move/

 

[tradingjournals]

QQQ at 87.01. Now that ET seems to have become bullish, I like the short side from this price up to 87.25.

 

[tradingjournals]

Quote from pinkman:


As I said, nothing to worry about.

QQQ at 87.05. Let us see if and where you would get stopped today on your long.

 

[hajimow]

I hope you can see the strong fading today's market rally. Tech is weak. Today is one of the best days to sell and stay in the sideline and that is what is happening now. Stocks are pulling off from their day high. Dow is still up 100 points.

 

[tradingjournals]

Quote from tradingjournals:

QQQ at 87.01. Now that ET seems to have become bullish, I like the short side from this price up to 87.25.

87.25 was the precise top!

 

[tradingjournals]

Quote from hajimow:

I hope you can see the strong fading today's market rally. Tech is weak. Today is one of the best days to sell and stay in the sideline and that is what is happening now. Stocks are pulling off from their day high. Dow is still up 100 points.

If I recall well, you used to like BRCm as a short? Does your view remain the same?

 

[pinkman]

Quote from pinkman:



Likely a very nice bargain here at these levels

So price then was at yesterdays close.
Market today is up 11 points

 

[hajimow]

Quote from tradingjournals:

If I recall well, you used to like BRCm as a short? Does your view remain the same?

I gave a list of tech companies which were underperforming. I mentioned BRCM because when I posted, BRCM came up with a lousy report and a bad outlook. My top short list in semiconductor sector is ADI. If you short, you should be patient and should know how to manage your position.
My biggest prediction in the next 6 years is that MCD will go bankrupt. I know it might seem very funny and unrealistic now. Aside from my bold prediction , MCD is a short now.
small cap is also bloated. IWM is clear example which should be shorted.

I don't see any stocks that are worth buying in current levels.

 

[xandman]

Check out the nflx bounce. People were selling into it. Nice inverted hammer in the middle of a downtrend.

Competitive landscape is changing, this just might be the last decent earnings report comming out on the 21st.

 

[stock_trad3r]

And down we go again

SPX been negative since the start of the year

the problem is that the fed is tapering when the data such as unemployment is lousy. certainty over the Yellen appointment