The Surf Report

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Quote from marketsurfer:


excellent, uptik. YM is a fantastic trading vehicle at this time, all the benefits of NQ/ES with none of the drawbacks.

best,

surfer
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Just wondering, what are the advantages of YM vs es/nq?

thx in advance
 
Quote from illiquid:




Just wondering, what are the advantages of YM vs es/nq?

thx in advance
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the primary reason is that the YM moves much smoother than the es/nq. the chopiness is limited, among other reasons.

best,

surfer:)
 
Quote from murray t turtle:



%%%%%%%
Most of the 30 minute candles[especially end of day 30 minute candles]
in the last 20 & 30 days are up.

Mostly up in the the 30 days before that-DIA,SPY,QQQ,$UTIL and so on.

The weaker of the three reds yesterday, -QQQ is above$28.oo first 30 minute premarket;looks like the uptrends are still favored.

Hi Hunter, [have a good Mothers day,] and see a few redbirds in a forest of green.

y:cool:
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thank you, murray. the same sentiments to you.

:)
 
greetings,

i will be leaving soon for a several week vacation in the south (hilton head) and then the northern tip on long island ( montauk ). i will not be posting or day trading during this time, however the long term system longs will be held and monitored.

hopefully everyone has a great time when i am away !

all the best,

surfer:) :) :)
 
Surf-

Good to see that you're going to some surf spots for vacation.
BTW , Montauk is the south fork. The north fork is Orient Point. If you want to check out LI's decent break, go to Ditch Plains..a few miles from Montauk.

Have fun.

uptik2000
 
Quote from uptik2000:

Surf-

Good to see that you're going to some surf spots for vacation.
BTW , Montauk is the south fork. The north fork is Orient Point. If you want to check out LI's decent break, go to Ditch Plains..a few miles from Montauk.

Have fun.

uptik2000
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hey uptik,

thanks for the tips. i'll let you know how it goes. i am currently in a new kind of bank from ING. it is like a starbucks cafe with internet access plus bank tellers, CNBC, CNN, et al. it is a cool concept. wonder if they will continue ?? seems popular, but how many people are actually deposting money ?? their savings account pays 3% with no minimums.

enjoy !

surfer:) :) :)
 
Quote from marketsurfer:

we are holding all system longs here.

best,

surfer:)
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***** **
Marketsurfer,Hunter & family;

Don;t forget to do a little work on your Argentina coffee break & post it here during vacation if possible.

Not sure what Mr. Art Cashin is concerned about volume, must be total market volume.????? Art is smart , Art must read ''Big trends''

DIA ,SPY QQQ, DYN, CSCO, JNPR have good buy volume on 1 year charts & m other time frames.:cool: Premarket still kooks like up moves with maybe shallow pullbacks.

Lots of way to measure moves; I wish those bear moves pull backes were as orderly as thes bull pull backmoves. ONE [1%] pullbacks is about the best pullback we ever see,
***

""You can abuse momentum
if you stop digging for gold that gave you the momentum''''Mark & Darlene Zschech -Emerald Press
 
greetings,

our system longs are smoking in the DJIA and NASDAQ at this time. for those of you not already long--- the neogann channel in the DJIA is currently 9027-- 8677. if the DJIA can break 9027, by the systems parameters, 9103 is very likely.

best,

surfer :)
 
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