O RUT 769.93 - 795.400
O SPX 1447.7 - 1481.610
N QQQQ 48.29 (48.14)- 49.98 low so far .28!
O GLD 69.22 - 70.390
TSX
Speaking about Uranium, we Have a conditional BUY, which means if It opens higher and moves higher, or just makes a nice Candle Up today, it deserves buy, Now not to go crazy these are volatile stocks. MGA and LAM are two good ones. Buy the amounts you can afford to hold and lose some. This is always a good strategy with stocks that have future. If they go lower you buy more cheaper...!
About Long positions in QQQQ, it will start trading in preopen hours at 8ET. You may want to sell it for profit, if you feel not so convinced about it. It is up 12c at this time. On my part I place the sell stop at breakeven 48.06.
08:42 ET Q's at 48.45 Raising stops 48.14.
08:46 ET Q's at 48.52 Raising stops 48.19.
09:03 ET Q's at 48.72 Raising stops 48.29.
Dear Readers/Friends, It is frustrating not to have everybody, who wanted, on board on some trades. When possible trades are preannounced, but that was not possible with "grab things" and Last Friday purchases. Unfortunately if somebody is not/was not there, trade is missed... I certainly do not like this, but market is not waiting for any of us and later Friday rally convinced me to buy when everybody was departing for weekend.
09:59 ET Q's at 48.39 lower stops 48.09. less gains? stop .24
10:22 ET some of you have lost position, not money
10:32 ET JPY at first daily support, Q hit exh, Snd supp. Hope if not broken
10:40 ET Broken, next supp down 47.92, OUT EVEN+1c
10:47 ET almost hit 47.92(47.96),JPY supporing lvl2?
11:08 ET if JPY break 113.22 and Q's 47.92, Watch out
In a very volatile area here, JPY trying to bottom, TNX/BONDInterest trying to bottom, Stocks Trying to bottom or anticipate these events. TNX bottoms at 4.28 next 2 days. Hits 4.31 today
11:23 ET 10 minute struggle at 47.92 huh...
11:36 ET TNX low 4.30!
Jim Taylor, JD said...
Hi Boris,HI JD , Bounce off:13054 2538.5Ends by 10:45 PDT.Resistance:13111 1453.5 2563.5 Jim
Besides Good Calls By JD and LagScrew, I must remind our readers PB's Comment From Weekend Suggested a 1435 Target. Good Staff PB and show of Hands for all of them.
JD great, right on time, Stronger Yen showing up as well, Careful any longs left here. Until the Q's acceede the high of 10:45 PDT
14:35 ET, OK JD timing was excellent, but of course, it was just a local top and the general direction, seems to turn up for today.
31 comments:
Good morning Boris. Good to find our Qs are in the money. It is very early in California and I cannot read your orange text on Uranium - gotta see the eye doctors. Will try later in the day :).
Best,
G.
Dear Greenie, please place the stops. This is a crazy market(: :)
Good Day CA, I dream of the day when I am back to San Diego. City of My Love ( now do not get angry if you are not in San Diego).
I used to be there at least 3-4 times a year. MiSSION BEACH is my gig.
GOod Trading Dear Greenie.
I'd be really careful here. Watching IWM, it opened strong and is now negative!! If its leading, down we go.
OEX Sept. CALLS are also down, not a good sign (690, 695, 700).
Boris....what instrument(s) are you using to trade uranium...
Dear XERXES,
I use MGA-tc and LAM-TC
Toronto stock exchanges.
Good Trading
Dear SQROOT, agree
these are crazy markets as I said.
GOod Trading
Boris and all,
Rally has happened, and appears to be failing...once below 1449.07 I go short..
Good lunck all..
Dear Mark/Readers, I am out, while I do not like this action. I do not think we are about to break the Aug Lows and the Scenario for Sep 18 up is still valid.
Good Trading
Boris, you could well be right..I am watching support at 1432.01..I could bail at that point or before..
Mark
Dumped some more TWM and QID 10 min ago
Now about 20% short from over 65% a couple days ago
I was looking for 1438 as a low and will keep remaining shorts
Dear Boris
looking like a contracting triangle, if so august lows should hold.
PB re: AAPL you were looking to short, along with the positive sales of iphones that moved NAZ up early there are:
>>"rumors surrounding the company in Europe. A new advertisement in Germany is suggesting that Apple is preparing to launch a 3G-capable iPhone with T-Mobile. Even more impressive is the hefty price tag of $687. If true, we could see another run-up in the stock price."<<
jeffrey
Dear Mark, LagScrew,
GOod For you guys.
Good Trading
Dear Jeffrey,
Thanks , good info.
GOod Trading
This news is a bit old but, it may be still relevant. The long term price for Uranium is speculated to go to %50, and today it is $85. It is forcasted to be $97 by the end of the year
from: http://www.theuraniumreport.com/
Don't Expect Uranium Frenzy to Resume
Source: Seeking Alpha 08/21/2007
"Despite the sector pull back, the uranium cycle is far from over, the analyst said in a note to clients, pointing to rising nuclear power capacity in places like China, India and Russia. While TradeTech's spot price indicator remained at US$105 per pound last week - after falling substantially in previous weeks - Wellington's forecast for 2008 remains at US$97, with a long-term target of US$50."
sorry that is $50 not 50%
Boris and all,
just exited with tiny loss, about 14 bucks plus commisions..
Mark
Dear Boris,
I closed my positions early in the morning, when RUT and DJR broke below friday's low. It was too early in the morning, and my baby had a fever - so I had to close all positions to take care of him.
We are in SF bay area, not San Diego....but I love San Diego. My wife used to do a post-doc there at Scripps, and I visited every week. La Jolla is beautiful, and so is Mission beach.
Gotta run to the hospital now. Have a good day,
G.
Good day all, someone is playing games with the $vix today.
Dear Greenie, Good Luck,
La Jolla ha... We will talk more when you come back.
GOod Trading
Dear Mark,
I love the small/no loss.
That is a mark of a trader that knows what he/she is doing/wants
GOod trading
Dear Waldo,
You know my good friend, they play this staff all the time(: :)
CASINO is open and BOSSES play.
Good Trading
They want to play games today so I'm out with coffee money.
Hi Boris,
Bounce off:
13054
2538.5
Ends by 10:45 PDT.
Resistance:
13111
1453.5
2563.5
Jim
E-mini futures still running lower than spy so be careful--In the past this implies weakness
Even #'s arnt even good
Dear Lagscrew Thanks for your info about the Premium or the lack of it in S&P
Good Trading
Havent had a bunch of trial with this so far as I got the info from another trading bog about 6-7 weeks ago and it does BEAR watching
The a/d line is not very impressive either only running around 40% along with the up volume about the same (NYSE)
Dear LagScrew, do you get AD line at stockcharts.com?
Good Trading
Free realtime.com---I love free stuff as I am cheeep
Dear LagScrew, Thanks. For info
Good Trading
Post a Comment