pretty much that’s the summary. we all love mom and pop investors right. LOL.
machine’s love them. algo’s love them extremely well. why? because they are the one to buy at top from machine’s and sell at bottom back to the machine’s.
not only that mom and pop are doing this big time from 2005 till now. i guess the 2000 dot com crash has scared the hell out of mom and pop LOL. but they cannot stay out of market, so they ALWAYS buy high and sell low. ALWAYS. 100% guranteed. and once they do that they shout and yell at the stock market LOL.
let see some charts.
SPLK – you got to love this bad boy. gotta love it. any thing low 39 buy. mid 38 buy more and sell back at high 39 or high 40 and wait. repeat and rinse till next earnings. i got got in a bad trade in ADBE and could not pull this off. but this bad boy has excellent nice chart on verge of breakout.
AAPL – this is rotten to the core. badly rotten. not badly rotten. nasty rotten. not nasty rotten, sick rotten. charts are completely smashed. DO NOT GO near it. if they miss (which i think they will this time) and tell iphone grew 5% or so, they will take the stock to 7 or 8 times earnings making it 320 to 360 or worse 280 to 340 range stock.
CRM – the dip was excellent day trade at 161, but you gotta sell any rip. i need to get back 170 with volume before i can buy dips in this. stay away or else.
GWRE – 36 held nicely. charts are healthy but it is a thin stock so only deep bids like a dollar or 2 something like that you should buy.
BRCM – the machine’s don’t leave this wifi guy. do they? excellent day trade vehicle. it is below 34 and hence below 50dma. but all dips are buys and all rips are sells. from 38\4.9 to 32.2 it has lost nearly 6% or so. 6% is a huge move for this little boy and so you can trade this with confidence.
GOOG – looks broken to me. but i wont rule out a fast recoup of 50dma. i would avoid this till earnings as mom and pop will be eager to sell this in mid 600 if earnings is weak LOL.
FFIV – DO NOT TOUCH it. last qtr was iffy. stock went to 80 with 13 point or so gap down. machine’s got lucky and ran this up to 105 and gave it to mom and pop and now it is 72. there is no support till 60 and i wont go near this at all.
RVBD – broken completely. single digit looms big time.
NKE – cmon shoe guy. all dips’ in 58’s are buy and all rips are sell. it had massive 58 to 60 volume and so stock should trade in this range nicely. i want to see 60 clear on heavy volume before i buy dips in 59’s and also hold position for a run to 68 to 75.
ADBE – i thought 43.3 will bounce but it got stuck for an hour making me lose 250 bucks. i had a very profitable 1.2k day until this upset me a little. but i am thinking low 43 will hold and it should run back to 44 to 46 range soon.
RAX – completely broken. 40 looms big time and might not survive if it goes and takes that out in volume. even though it finished green, i am not convinced. STAY OUT.
EXPE – for now holding 60 support. i do not have an opinon but looks like 60 support is holding.
BIDU – nasty broken. STAY OUT. vital 85 gone. vital 90 gone. chinese party darkness prevails. i would not touch this broken stock at all. there is a difference between oversold and broken. this one is broken.
KORS – love ya. 41% same store sales growth and they get beaten 20%. cmon. give me a break. from 59 to 55 low volume fall. i expect 59 to be taken out soon. having said that i am not trading this. i need to see 55 taken out in heavy volume before i can buy 55 below dips.
FB – what the hell is going on. i thought this is a goner with 20 parabolic move correction is coming but machine’s are bidding this up. interesting to watch. i am not trading this at all.
HUM – looks like nice dip below 80 has come. i want to see 80 repeatedly hold before i buy this and allow it to run into 90 to 100.
GS – i had no money to pull the trigger. at 140 it is a BUY. it has lost completely 18 points for no reason and has last almost all of earnings run. oversold coming in today and machine’s knew that and they got and hit the home run!! 142/143 should hold. i am expecting a run into high 140 easily.
LNKD – what a leader. all dips are buys. i pulled in the gun for around 800 bucks at 170 and sold at 171.8. but i should have bot and bot all dip’s. this is a leader and after earnings if earnings is bullish will take out 220 area pretty easily.
RHT – broken completely. i am still not sure why machine’s are bidding this. machine’s normally do not do that. it is a matter of time before vital 46 goes out.
WFM – looks broken to me and has lost 20 points. bottom is not until low 70 or even worse at 60. STAY AWAY.
IBM – looks broken to me. earnings loom big time. do not go near this and depending on earnings you can play. i need to see heavy volume 210 take out before i can buy 210 dips. if earnings miss back to 185 to 190 support area.
V – excellent charts. 164 huge support area and it held. i was stopped for a few hundred bucks profit in this but i wish i could have held this for a swing back to 170. having said that even this goes to 160 or 155, it does not matter as charts are very healthy.