Recent t3live's Commentaries
Unstoppable Apple (AAPL) Leads Market Higher
US markets again proved resilient Thursday, recovering from early selling to finish positive. The Nasdaq, led my the indefatigable Apple (AAPL), was the strongest index, gaining 0.39%. Before the market opened reports came through the wire that Greek officials had resolved the outstanding issues ...
Read More »
Tags: frontpage
OIH Inverse Head and Shoulders Triggering
Back on December 13 Jim Cramer shared my analysis of the OIH inverse head and shoulders pattern on his show, Mad Money. The trade took some time to develop, but finally looks set to trigger on a macro basis. We could see a bit more consolidation in this upper area in front of the 200-day moving a...
Read More »
Tags: frontpage
Greece On, Greece Off: Market Whippy Amid...
Markets got a pop based on the excitement of a reported Greece Resolution, but now we are getting cautious comments from some European finance ministers that the t's are not crossed and i's are not dotted. Most key stocks went to break out levels and got rejected, causing some frustration. But t...
Read More »
Tags: frontpage
Caesars (CZK): The Art of Trading Day 1 of...
When trading the first day of an IPO, it is impossible to KNOW what the stock is going to do. In trading, it is all about finding levels to trade against to define risk, and that can be done on any timeframe. On Day 1, all you have to work with is that day's price levels, so that is what you use ...
Read More »
Tags: frontpage
Futures Surge Amid Talk of Greece Deal,...
US stock futures have surged to positive territory Thursday amid reports of a Greek debt deal. Small snags had been holding up the final approval of a deal between the Greek government and European finance ministers, and it appears those have finally been worked out. Also, the Bank of England, as...
Read More »
Tags: frontpage | futures
Market Again Rebounds From Early Weakness
The market once again proved resilient Wednesday, recovering from early weakness to finish positive. Investors remain cautiously optimistic about a Greek debt deal being consummated soon that would allow the country to remain in the Euro zone. Second day in a row I mismanaged my longs and hedge...
Read More »
Tags: frontpage
Market Weakening a Bit, Watch for Potential...
Markets opened at new highs for the year and hit 1351 ($135.22 SPY). It then traded below the 1349 pivot (Yesterday's high of $135.02 on SPY). That was a small sell signal. If we get weaker and they don't save them into the close, this could develop into an outside day. Stocks are not falling apa...
Read More »
Tags: frontpage | etfs
Market Anticipating Quick Greece Deal
US stock futures continued their climb overnight and are set for a slightly higher open. Investors are still expecting an imminent deal in the Greek debt saga that will pave the way for a new bailout package. Greek Prime Minister Lucas Papademos is expected to meet with his coalition government t...
Read More »
Tags: frontpage | futures
Greece Hopes, Bernanke Testimony Key Market...
US market recovered from overnight weakness to finish positive Tuesday, boosted by increasing optimism that a Greek debt deal will be consummated this week. The Dow was the strongest index, climbing 0.26% back above 2011 highs and to levels not seen since 2008. Investors were jittery overnight ab...
Read More »
Tags: frontpage | greece | debt | stocks
Netflix (NFLX) Trades in Both Directions
Netflix (NFLX) is a highly shorted stock that has come under heavy fire to the downside in the last year, but also provides great calculated long trades based on its large short float. When if breaks above key levels, short squeezes can often be initiated that trigger big moves. When those squeez...
Read More »
Tags: frontpage | stocks
Market Holding Three-Day Floor
S&P's continue to hold around the 3-day floor. There is now an upper support zone at $133.64-133.83. Under that area you have $133.00-133.40. Tough spot in the market right here, it might be too early to add longs. But also if you add to hedges at support (the three day floor), you ruin your aver...
Read More »
Tags: frontpage | stocks
Greek Anxiety Grows, Futures Take Small Dip
US stock futures are slightly lower this morning with all eyes firmly trained on Greece. European finance ministers are pushing for another round of deep austerity cuts in return for the newest round of bailout money, and the Greeks are none too pleased about it. As we have seen several times ove...
Read More »
Tags: frontpage | stock-futures
Market Quietly Resilient, but Stocks Moving:...
US markets finished only marginally in the red Monday, recovering from a gap down to make the day's sell-off a non-event. Perhaps the most notable aspect of the trading day was the shockingly low volume. Perhaps New York-based hedge fund managers took the day off after celebrating the New York Gi...
Read More »
Tags: frontpage
Dendreon (DNDN) Breaks Above Flag Pattern:...
Dendreon (DNDN) is currently up about 17% (slightly off intraday highs of +19.5%). The pharmaceutical company has a 20% net float short and is attempting to recover from a massive gap down last Summer that came when one of its signature drugs failed to gain FDA approval. Technically, DNDN had b...
Read More »
Tags: frontpage
Constructive Action for Bulls Despite Gap Down
As of 2:30 I would have to say today is very constructive if you are bullish and riding the trend. The S&P's held above Friday's low and above the January pivot of 1330-1333 (SPY low was $133.77). Indices tend to consolidate after we probe a new area and this time looks like the past few (buildin...
Read More »
Tags: frontpage
