Wednesday, October 10, 2007

10-10 11:38 PM
I'm a veteran, trading GMR...If the market sends GMR below 24, that'll be just bad luck...It's a good shipping company, SHIPS / OCEAN....
Wait for RSI 30.99 and start buying, forget what the major indices are doing, cause GMR, usually travels it's own road...




It's really really hard to know when to short XLE,
but INT = pacific fuel, is stuck at the 200 day,so I imagine XLE is finished, too
Lots of Q3, profit warnings coming out of the major XLE stocks, CVX,COP,they complain, gasoline not as high as last year, so they are eating it...



Here's some comments i posted at Beannies

QID, buy target = 35.8...35.86 today low
CME and NYX, look finished
Speculation
Try to get the
CME OCT 590 put 1.30 CME , buy back CME retest of $600
WFMI
53.6 down to 50 = $3.3
now wait for up 1.65 (50% comback)= 51.65...short at that price...
and if keeps going higher then 52.5, go for it..
if you see a retest of 53.6
back in the truck
zee
WFMI
more than likely bumps up FRI, cause of retail report +06%, which is just what everyone wants to hear,
so look for retail stocks to rally FRI...
that is probably the next op, to short WFMI...eod, FRI.
zee

I wouldn’t short FWLT ahead of bullish oil report, delayed till Thursday
TV
forget what i said about inventory, and FWLT, FLR.
XLE is too high, right now..
Im shorting UPL, APA,NFX
INT = fuel for shipping at 200 day, short now...

SCP = coal index, double top at $330, probably fails
STQ = steel index , double top, 604, probably fails
VIX hit the 200 day yesterday, it’s up 5% today...this could be the beginning of the end

So buy VIX at 16 / 16.5 = good buy signal..
I have a 87 and 88.6 short target for IBB, still not there,
MAR, testing support 40 /41..its a buy, tomorrow, ahead of Fridays hot hot retail report
NYX failure at the 200 day, NYX is really out of favor, these days..
WFMI, i told you so, shorts at 41 and 2

CTSH, is really struggling, might be a good short, weak dollar not good..

I’m buying WAG, ahead of HOT HOT FRI RETAIL...NOV 37.5 looks good, and if WAG is ever going to reach $41, that would be the day..

YGE really wants to retest $25, i think...
Maybe overnight, HSI, gets hurt a little, by AA
CAH, i posted buy 62, now 66 thats 42 / 2 correct, past 30 days

10 comments:

Anonymous said...

zee,

XLE is in the breakout mode..it looks like it wil breakout and make new highs.i agree about the warnings..but despite the warning from CHV and VLO XLE closed up..DIG closed up..so think about it..

also, looks like mkt doesn't wanna go down..may be consolidated here and there..may be another 200 points on the DOW but looks like it would be the floor..

so do you think we should just forget about shorting indices and start going long?

Pete

z-stock said...

pete
ok so xle is a gamble,
cause i have conflicting reports from thomsons.
If they are right, that earnings have contracted 4% year to year, then short XLE now...if they are wrong, then sky is the limit...

but INT at 200 day, and Buy WAG
and BUY VIX at 16.0/16.5
i really like those three.
and
i like my short APA
= 30% channel match...you just have to have traded as many price channel and percent channels as i have ,
before you see how successful a signal it is UP then DOWN.
also, BA...first up day and I'm in...

z-stock said...

oozze,
OCT 155 put went below 1.00...now you'll just have to write it off as total loss
and more bad news
all the put options are overpriced
so you might as well let the options expire
you might get lucky,
and MA crashes $40 for a $3000 profit per contract

z-stock said...

VIX at the 200 day NOW
THAT'S AN IMPORTANT SIGNAL
DON'T IGNORE IT
ZEE
VOLATILITY IS GOING TO BE HUGE
UP 200 DOWN 200, REST OF THE MONTH

Anonymous said...

zee,

mkt looks like it just keep wanting to go up..any thoughts? thanks

Anonymous said...

z,
you still think DOW goes up another 150-200 pts tomorrow?

thanks
peter

Anonymous said...

Zee,

I noticed something very different today than the rest of the week.

During the day, mkt would rally to noon,then pullback to 2pm, then rally to close.

Today, mkt rallied thru noon, to 2pm. Then we all know what happened after that.

something to keep in mind..

I saw it, and had to go with it, and bought some QQQQ puts..Made a small fortune today for a small amount of time.

Im giving the retails a shot ahead of tomorrow. In KSS and NTRI.

tb

z-stock said...

i still have a short term target of DOW 14,280, before 5% correction, occurs
and I imagine today , showed.. this is how its going to be.

i think i may have gained some beleivers today, that dow is really going to retest 50 day, before actual xmas rally can begin... just don't know when

BUT my oh MY VIX OCT 16 CALLS,
that's the place to be VIX under 16.4
they went from 1.10 up to 2.95 in 2 hours time
and yes yours truly, owned them
and i posted at beannies
buy them right when they were at 1.10...so you all could have had them
if you checked in at beannies

Anonymous said...

Z,

I have been comparing the bull market of the 1920's with today..

The short term bottom call in August was very accurate at this site...

Its the crystal ball.. check out tab 3 specifically, but all of the tabs tell the story better.

http://www.muathe.com/index.php?option=com_content&task=view&id=7250&Itemid=103

M.A.S said...

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