What are you talking about? You were asked "short or long" and you said LONG. Look at the previous posts. All you've been doing here recently is trading ym's. And you say "LONG". How could that possibly NOT mean your new market bias and more ym's? How could you possibly expect a rational person to understand this meant specific stocks and NOT what you have been trading all along on this journal. Thank you for explaining. BTW-- if you have long stock positions and NO ym position for the next week. That is long. Please elaborate and quickly before the market opens.
you can't understand being overall bearish, but LONG on certain stocks for the short term?? i am flat YM but have a bearish bias. I really don't know what to say. good luck, surf
You said enought right here. Thank you. You are flat ym and have long stock positions for the short term. You are short term LONG. I guarantee the market topped right here. I doubt the S&P can get above 1074.8. Thank you in advance for all the money i'm about to make!
Surfy Surfy Surfy...like I keep tellin' you, you had profits - take 'em!. I closed my shorts into Monday's dump and made some coin. Not much, but lots better than a wipeout loss. This market is a ballbuster. You can't take chances. Grab the money and go! But then that's my system and works for me. Good luck.
I always thought when you turned lukewarm bullish that would be the end of the rally. Thank you surf, you've made me money already, and I expect to make more money this week from your insights!
3 exclusive stock picks for this week from the surf shack: LONGS with expected gains in < 1 week Orix Corp Ads IX: 5 plus lower lows, RSI(2) .08, STPR 9 Stec Inc STEC: 5 plus lower lows, RSI (2) .40, STPR 8 Bally Tech BYI: 5 plus down days, RSI(2) 1.08, STPR 9 report: we are remaining FLAT the YM here and now. best, surf
Tales from the city: The cab driver overheard me talking stocks on the phone and just had to provide his favorite companies, views on Cramer and even a few trading tips! It is amazing how much everyone thinks they know about the market and trading. It's said on the Street that once you hear the shoe shine guy, barber and cabbie talking the market that's a sure sign that bull move is over or nearly over. Well, no one knows for sure, but I am certain there are several ex-hedge fund managers driving New York City cabs right now, so maybe my stock picking cabbie managed a $100 million dollar fund last year! Who knows?! When it comes to stock picking there are methods that are proven to place the odds firmly in your favor for short-term gains. You don't have to depend on random tips even from potential ex-hedge fund manager, Cramer worshiping cab drivers. This article will lay out the 3 basic steps for short-term stock picking success and provide 3 choice picks that fit the criteria right now. The first and most critical step is to only look at stocks trading above their 200-day simple moving average. This assures that a strong, long-term up trend is in place, increasing the odds that you are not buying into a falling knife or catching a stock in a death spiral. The second step is to drill deeper into the list locating stocks that have fallen 5 or more days in a row or experienced 5 plus consecutive lower lows. Yes, you heard me right, fallen 5 or more days in a row. I know this fly in the face of conventional wisdom of buying stocks as they climb higher. However, our studies have clearly proven that stocks are more likely to increase in value after a period of down days than after a period of up days. The third and final step is a combination of whittling the list down even further by looking for names whose 2-period RSI(2) is less than 2 (Click here for RSI(2) explanation) and the Short Term PowerRating is 8 or higher. The stocks that fulfill each of the above steps have proven in extensive, statistically valid studies to possess solid odds of increasing in value over the 1 day, 2 day and 1 week time frame. Here are 3 interesting names meeting the criteria for your watch list: Orix Corp Ads (IX | Quote | Chart | News | PowerRating): Short Term PowerRating 9; 5 plus lower lows; RSI(2) 0.08 Stec Inc (STEC | Quote | Chart | News | PowerRating): Short Term PowerRating 8; 5 plus lower lows; RSI (2) 0.40 Bally Tech (BYI | Quote