The Surf Report

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Remaining supremely confident in the short YM. the tide has turned with bad news knocking stocks down once again, instead of being overlooked. the perception shift has occured...its only a matter of time now.

suggest staying short here.

surf
 
Quote from marketsurfer:

Remaining supremely confident in the short YM. the tide has turned with bad news knocking stocks down once again, instead of being overlooked. the perception shift has occured...its only a matter of time now.

suggest staying short here.

surf
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And I suggest you look at whatever your source of stock quotes are again. The market is up (so far) today. Market was never down today, pre-open.

You keep this up and the guys from Creedmore Mental Hospital are gonna come looking for you.



For the record I hope they kill the market like yesterday....brings back volume/volatility. But to say stocks are down again when they aren't is some ridiculous cheerleading on your part.
 
Quote from EPrado:

And I suggest you look at whatever your source of stock quotes are again. The market is up (so far) today. Market was never down today, pre-open.

You keep this up and the guys from Creedmore Mental Hospital are gonna come looking for you.



For the record I hope they kill the market like yesterday....brings back volume/volatility. But to say stocks are down again when they aren't is some ridiculous cheerleading on your part.
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you misunderstood, prado.

i never said the market was down.

bad news as in building figures this morning knocked the market off its pre market surge. previously, bad news would just be overlooked with the market continuing higher. i believe this is a strong sign of things to come.

like you, i want the VIX spiking....

surf
 
You could have said "Down off of their highs". usually when people say stocks are down....they are.....ummm........down.



While I trade off of price action and let the markets dictate what I am doing and don't pay attention to fundamentals...........I don't think that we are out of the woods yet either (I can't believe I am agreeing with you). This rally is going up on no volume. I think once we get past Labor Day weekend and things pick up, there will be some serious selling. I hope so as it will make for much better trading.

But I don't have a crystal ball (one that is acurate at least) and just trade the markets according to what they tell me.
 
here is a couple stocks we are looking at closely as LONGS for the next week, at the surf shack:


Papa Johns International PZZA: RSI (2) .38, STPR 8

Chipotle Mexican Grill CMG: RSI (2) .32, STPR 8

First Cash Financial FCFS: RSI (2) .72, STPR 8

Grupo Aeroportuario PAC: RSI (2) .46, STPR 10

Claymore Global Solar TAN: RSI (2) .67, STPR 8
 
The 9117 range in the YM is proving to be significant support, as the VIX falls back from a surging gap up to the impenetrable 28 area. the opening was disapointing to say the least, remaining short....

best wishes,

surf
 
DROP


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:D :D :p
 
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