Cringely thinks that Intel (INTC) will be buying nVIDIA (NVDA). Story here.
Cringely thinks that Intel (INTC) will be buying nVIDIA (NVDA). Story here.
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Here’s the SPY weekly chart.
http://www.freestockcharts.com?emailChartID=68b09328-21f4-46aa-be74-83d07b49cbfc
The BBs on the daily are pinching nicely. Big break coming to a screen near you.
After. If my 0.80 trade goes through its 20/month investment.
I see this being 4 scratch tickets a month. If market crashes in next few months dollar will strengthen and at least 24 I see by june. Not saying I’m waiting that far but dec is out. I don’t want to play january yet. 80 is very cheap for a 6 month in advance option (yeah I know time decay kills)
Checking the news, here’s an interesting headline from CBS concerning our national security:
http://tinyurl.com/ygteg7f
“He can’t even run his own life, I’ll be damned if he’ll run mine.”
[Jonathan Edwards, "Sunshine", from Jonathan Edwards (1971)]
This is getting interesting . . . on many economic levels.
OOOk, Scottrade running behind, FYI.
phil, there’s a lot to sort out – could get bumpy.
“Geithner: Bailout Extended Until October” (Source: CNBC-RT)
>>>> “Geithner: Bailout Extended Until October” (Source: CNBC-RT)
That’s not a bazooka – - it’s a revolver.
Here’s the link to the Geithner story:
http://tinyurl.com/yzgbaph
Mitch,
You got that right.
That Geithner decision is a Market Maker… so to speak.
GEORGE …..STILL did not break 11/27 lows …i want to see break before i buy more
Wholesale Inventories Rise Unexpectedly in October (story developing)
CNBC
Weak dollar brings us more inventory and more imports. Beam up Scotty.
Wholesale Inventories Rise Unexpectedly in October:
http://tinyurl.com/yf95tgn
Mitch,
Sorry, I didn’t see your post.
Phil,
$1060.62 – if it reverses there, would be a higher high, too.
Matt’s Falling Wedge Pattern may play out sooner than expected.
CNBC writers reported that inventory number as a positive – saying it shows less draw down on existing inventory. It must not be lack of consumer demand and therefore stockpiles (piles of stock). Lol
phil, days like this I find news important because all the “moles” come up to the surface for better sense when things are shifting beneath them.
MITCH…..i havent turned on the sound on CNBC this week yet and only looked at the tv if they seem to be going wild over something
george…even if the rectangle is fulfilled ..we go to 1050s…as long as 1029 holds we go higher still….1029 break means i am wrong
george..they may have turned it up already….a mid week …midday reversal can be powerful
GEORGE……is that rocket fuel i smell????????????????
Phil,
I hope it is… I got the buy signal yesterday and left a handful of shares in SSO.
THen I backed up the truck this AM when the 15min SSO got some Luv. BBT, ICE, all bouncing.
GEORGE..i am going to sell 1/2 @ 1101….if it keeps going i will add later but i NEED to see UPWARD ACCELERATION soon
ACCELERATION thru 1098 should ignite MAIN rocket engines
Phil,
Well, it is a clear day at C. Can. no?
MITCH…?
mitch…launch rocket from clearly canadian?
SPY went down and touched its daily 36MA then bounced up. I don’t see that gap above on SPY but it is on SSO. I’ll go with SPY.
SPY up against its 15min 36MA. Can you guess where I exited?
K…did you sell your dollar call option when dollar index went outside daily bb yesterday?
I’ll reenter on a legit 1min upturn because 15min looking kinda good but that could change in a skinny minute.
UUP did not make it to bb…..its weaker than dec dollar future
Phil, no, clearly canadian is clearly not going to do it, why with their main input (other than water) being sugar (we know what happened there) they won’t get off the ground.
Cape Canaveral.
above 1095.33 spx gives 5 waves up from todays low
MITCH….it is a BEAUTIFUL day in south florida…windows open and breezy
SNOW http://www.intellicast.com/National/Radar/Current.aspx?animate=true
Mitch,
Get that inverter ready!
SPY is at a point where it could move on the 1min.
SKF stopped right at its 15min 36MA support and making a labored effort to turn up.
The Geithner Christmas present didn’t last long. Maybe it’s being unwrapped to see what’s in the box (not associated with the Box of Beer).
Commodity driven rally.
Crude inventories are negative.
Wholesale inventories are positive m/m which is bad for retailers. Looks like 90% sales are coming. Forget 50-75% off
Phil, that’s a nice website. I have it on the ready now.
George,
I just plugged my solar panel into the inverter – for fun. A couple more panels and I’ll have something. I can trickle power to the battery for recharge though – AND there’s always the battery in the car too.
Mitch,
What a great idea… plugging the panels into the inverter. Those homes in D.C. had the same thing – an inverter for the DC current coming out of the panels to feed the main circuit.
George,
Look at DZZ again lol. 13 to 13.40 in an hour. 40 cents for you to scalp, just sayin…
Spike this AM with a slow dive . . . . Distribution?
Obama to speak in a minute.
K,
I’m ahead of the game on DZZ… MOOOooo!
Love it!! I’m up nearly 2 bucks a pop since last thursday afternoon’s purchase
K, that’s awesome! George you too!
K, it may be early or late but how about working some currency pairs? I have one in mind if gold stays here or lower.
K…..i want to dump DZZ when GLD gets near 108 ie MAX PAIN
Mitch,
I tried shorting eur/usd at 1.5049 but since they changed margins from 100:1 to 25:1 I had insufficient funds. Woulda had 600+ by now
GEORGE …if we spike to 108 GLD ..i want to reverse from DZZ to DGP…(double long gold )
Mitch, Thanks
SPY seems to be leveling off and SKF has bars that can’t go above $25.38. Something’s brewing.
george..i have 2000 DZZ..i want to sell only half and reverse to DGP to go flat
Tops/bottoms intraday.
Phil,
Wierd stuff here… shakeout at OK corral…
Apple will start production of a 10.1″ LCD screened tablet in February, says Yair Reiner of Oppenheimer, in a note released this morning (via Apple Insider.)
http://www.businessinsider.com/apple-tablet-coming-in-march-aims-to-blow-up-amazon-analyst-2009-12
Phil. on DZZ 13.24 is support/ even if it goes to 12.75 is still a good buy. until it breaks below that I’ll be fine.
here comes the 3pm pump extra early so it can dump before close
Lost my Internet for the past hour.
If we breakout above 1098, owning DZZ will not be good.
SOLD SCHX for a small profit….i think these rallies are corrective
K….thanks for the PUMP….i took my DUMP
GEORGE..with max pain SPY @105 will they let it stay near 110?
phil,
I think so because there is the SPY intraday overhead gap resistance that needs to be filled.
That SPY gap is at $110.50.
JIM… i am taking profits on 1/2 my DZZ before the close…hoping for gold dump into 4pm
if 110.19 holds on GLD i am GONE
I had just bought SSO at $36.40 and hit the send key when the Internet went out. No stop, no iPhone backup (ATT lousy service at home), and no sell order.
Turns out to be a blessing. When it came back on I sold at $36.96. Now I’m nibbling on SRS.
WOW, SRS is blazin’!
nice George.
sumthin is up
DZZ……hasta la vista
dzz
http://www.mysmartrend.com/sl/20117
DEC dollar future fizzling…..overlap of 75.70..could send it to new lows
K,
Looks like you cut DZZ close.
There’s a candlestick seminar tonight “Candlestick Charting with Steve Nison presented by TycoonU.com Wednesday, December 9, 2009 8:30 PM – 9:30 PM EST”.
I’ll be online to see what’s up.
Steve Nison!!! ? i’ll look into it if its free im in!
ok signed up
I hope you signed up too. Love steve nison
http://1.bp.blogspot.com/_rufrpeKdZ38/Sx_xearC-PI/AAAAAAAAF3I/h-6Z9P4kPOs/s1600-h/spx.png
you can only test a trendline a few times before it weakens and breaks
George, still using the UUP chart of mine? My GLD chart is money as well. I too bought SSO at $36.40, and are holding for H&S targt of 1106, rectangle top at 1110+, or megaphone top at 1120+. Rally for a week baby, and then drop like a stone to Phil’s MAX PAIN point of 1050! If UUP rallies above $23 by the 18th, we’ll get there! Phil, what is MAX PAIN on UUP options? Thanks.
Sorry I can’t join the Steve Nison group. He’s the master!
some funny stuff..
http://www.ritholtz.com/blog/2009/12/stephen-colbert-feds-dead/
(for a bonus read the 1st and 3rd comment on there as well HAHAHAH)
K,
I don’t think “the bar” over there at BR suffer each other very well.
2thfixr,
Can you help a brutha out and throw me a bone with a chart that doesn’t require flash or silverlight? Hey, my buddy owns a pizza shop and he gets like a 1% conversion on direct mail and is pleased. I go in there and talk business with him (and lend a hand for fun) – he controls costs so well but still gets awesome veggies. Just sayin.
2thfixr,
I sold my SSO. Scalper mentality. Yes, I’m still using your chart. I take anything that’s free.
Mitch,
I’m gonna throw you a bone… here’s a chart that doesn’t require Flash or Silverlight.
http://tinyurl.com/y4vxks
George,
you are hilarious today! its usually me in that role haha
Sorry Mitch, I don’t have any other charting software other than the ones I post.
How about this: a weekly UUP chart will break the Wave 3 channel this week above $22.91, the week ending 12/18 at $22.82, 12/24 at $22.73, and end of the year at $22.64. Continue said slope of knocking 9 cents off the price each week. If you see UUP above those levels, then wave 3 is officially over and wave 4 has begun. When wave 4 reverses, and wave 5 starts, look at the $USD chart for a final wave 5 low/test of the $70.70 low from a few years ago or UUP below $22, but not sure by how much since it is such a new instrument. Hope that helps!
UUP Fibs for a retrace are located at $22.87, $23.19, $23.50 and the “point of recognition” of the wave 3 down was at $24.50. Wave 1 and Wave 2 were 2 months and 3 months in duration. Wave 3 is in its 39th week, with 1 or 2 of those weeks possibly switching to being the start of wave 4 (Dec 4th reversal in the dollar).
worth what you pay for it George…..be careful!
http://www.zerohedge.com/article/goldman-explains-how-it-can-be-long-dollar-and-call-2-years-no-fed-fund-tightening
I’ve got a loose stop on my SSO, but will tighten it up once it has decent profits and we get out of the bottom of this rectangle. I’ll probably scale out at those points I mentioned above: 1106, 1110/1119, and megaphone channel top (TBD). That would be a great trade. I’m still looking at Phil’s MAX PAIN idea to bring us back to 1050 and make coin on the way back after hitting those marks as well!
Ready for steve nison George?
TED MACD turned positive
Yes, listening now, k.
Ron is taking up too much time… put Steve on!
agreed.. here comes steve
George,
Thanks. Next time T-bone please.
Awwww he’s stuffed up .
this isnt fun!
wow nison is doing a mega sale! i think $500-$1000 LOL
Mitch, LOL, T-Bone!
Hope I don’t catch Steve’s flu.