Wednesday, September 12, 2007

CSX C

SEPT 15 2007 SATURDAY ...

AGG IS GETTING PRETTY TOPSY...you probably don't remember but agg collapsed and the market crashed about thousand points, well i'm using AGG at 101 as a short the market signal..if QID $VIX aren't clear...or GDX at $43 = short the market...


SEPT 14, 2007 FRIDAY

I SOMETIMES SAY 200 DAY, WHEN IN FACT I'M REFERRING TO THE WEEKLY 40 (MA)...WHICH IN REALITY ARE THE SAME THING....
HERE'S A WEEKLY CHART OF THE IWM...YOU'LL NOTICE THE LAST TIME IWM WENT UNDER 200 DAY./ 40(MA)....IT TOOK 12 WEEKS TO GET ABOVE IT....



BUY NOW SITUATIONS
PNR...TESTED 200 DAY THREEE DAYS NOW...
CSX...RSI 34,,,,WAIT FOR RSI30.1/31.12...THEN BACK THE TRUCK IN...
IRF...FALLING KNIFE...STARTING TO FIND SUPPORT....
CAH...TOOK A MAJOR HIT, TODAY...ONE MORE DOWN DAY AND I'M IN....OR TODAY WAS THE DAY TO START GETTING IN...CAH....HOT HOT HOT HOT SECTOR....
AZO....FINDING GOOD SUPPORT,,, START NIBBLING..
RIGHT AFTER RATE CUT..TUESDAY AFTERNOON....IF GOLD STOCKS STILL UP....SHORT SHORT SHORT SHORT SHORT...
ZEE
SEPT 13 .. THURSDAY


OK SO A LOT CAN CHANGE ON MY PERCEPTION OF MARKET DIRECTION IN A DAY
My NBR program, says next week is going to be volatile...some up 200 days, and some down 200 days....Dealer/ brokers report next week, and they should miss, so that tanks banking right away....too bad, because, rate cut, supposed to keep them higher...
So yeah, for me. because I get to short sell next week....my account has made more shorting this market, than trying to buy the calls...( example i bought LM at the very bottom, it's gone no where)..
SO, remember my IWM at $80 rule.....that's the signal to short the market....short everything..because when IWM hits $80, one of the dealer brokers will report and miss and down comes the whole market...so IWM still doesn't go above $80...it takes 12 weeks, once IWM, sinks below the 200 day...to go back above the 200 day...and it hasn't been twelve weeks...


NUE cut it’s Q3, by 17cent, yesterday... NUE is up because of GM,
USO, being controlled by COT, next two weeks, then look for 19% correction...


SEPT 12 ....WEDNESDAY....

CSX IS A BUY NOW SITUATION...







C looks awfully suspicious, going into sept 18th rate cut at the lows.....makes me think, after the rate cut, C goes to $50= 200 and 100 day...

I FINALLY GOT MY CRYSTAL BALL TO START WORKING AGAIN...
BANKING STOCKS ARE COMING INTO THE SEPT 18TH MEETTING, SUSPICIOUSLY AT THE LOW END...
SEE IF YOU CAN FOLLOW ME HERE,
FRI..RETAIL = 0.00% REPORT , MARKET PROBABLY GRUMBLES...BUT THAT’S A BUYING OPPORTUNITY, BECAUSE MONDAY, EVERYONE WILL BE CELEBRATING THE UP AND COMING RATE CUT, AT LEAST THE BANKING SECTOR WILL...SO GOING INTO TUESDAY, BANK STOCKS SHOULD GO UP 4 OR 5%, AT LEAST AND CONTINUE TO GO UP ALL THE WAY INTO OPTIONS EXPIRATION SEPT 21st....SO BANK STOCKS SHOULD BE HOT NEXT WEEK..

7 comments:

  1. Hey Z...

    check out HMSY. It's a worthy momentum play.

    Also, GROW is turning out to be a good short. This stock will crash through $20. Pull out a 1-year chart and you'll know what I mean. Today we had a high volume selloff (+100% volume, and -4% ...big red flag for longs to bail). My final case is the options premiums. Look at the PUTs, they are ridiculously priced, some with break even points near $16. A slip in the price of gold will trigger the next wave of selling. I wanted to short it today, but it is oversold intraday. I'll get in later, around $21.50.

    -gIo

    ReplyDelete
  2. Bank stocks look like a good shot. Just don't buy them today.

    Other financial related stocks should be golden...

    MA (running up today), GS, LEH... they're all frickn buys.

    Meanwhile, stay away from retailers and foods. I smell short term weakness in JBX, VLCM, AEO, UA, LULU.

    Sell retail, buy the banks!

    ReplyDelete
  3. Hey z, i was just thinking the same thing. The financials making a super low volume bounce, as well as every other winner out there.

    In case you missed my last blog, I mentioned the weakness of overseas financial related stocks, in particular, Northern Rock.

    Rate-cut is old stupid news, and most weak bears have bailed, and most bears were more like pussy cats today (they had a good opportunity to sell down this market on weak economic data). haha.

    IWM couldn't hit $80 all week even though Dow moved 300 points!

    Short these then turn monitor off:
    GROW, VLCM, CLWR, NILE, CAL, IMMR, GSOL, OPY

    ReplyDelete
  4. Hey Z, what about NMX options that you recomended. I'm done a few hundred on that.. should I hold on?

    ReplyDelete
  5. ANON
    NMX how can you be down? i've been buying NMX everytime its under 123 and making a fortune....
    maybe NMX gets an offer this week and those SEPT calls go balistic...

    time to switch to OCT CALLS...
    so the next time NMX under 123 buy the OCT 115 or 120 calls...

    GIO
    as usual, very sound advice....banks do look hot...going into the rate cut...

    ReplyDelete
  6. Hey zee,

    do you think market goes down big this week or are we going to make new highs?

    any thoughts.thanks

    roger

    ReplyDelete
  7. hey roger,
    i think the whole fed cut is turning out to be ho-hum, so it looks like buy on the dips
    and short sell anything looks too high...
    but keep your eye on IWM because IWM = $80 and market gets a major correction...
    zee
    i may change my mind, again on general market, but IWM short at $80= 200 day.. is good for another 4 weeks, probably..
    HEY ANON
    i bought the NMX OCT 115/120 calls when NMX at 122.80...

    ReplyDelete

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