Thursday, May 21, 2009

$CPC 1 yr 6 mo chart$CPC&p=D&yr=1&mn=8&dy=0&id=p26432373222&listNum=1&a=154880176
A small spike in put buying ratio that has broken trendline from last year. Will be notable if the puts become more popular in near/ intermediate term.

Tuesday, May 19, 2009

Potential STT short

Was the leading in money outflows in WSJ selling on strength today. Strong MACD neg divergence and very big selling volume at close. Keep in mind that like most of the posts, this is a short term potential play.

Tuesday, May 12, 2009

$NASI - Nasdaq summation sell signal

The fast line printed a red line today. This indicator tends to lag at least a few days but is fairly reliable of marking an intermediate trend. What it doesn't do too well is give one an idea of how long or fast a trend will go so it is something I use just as reference.

When the lines cross, that produces the second level of confirmation.

That having been said, I did close out my RIMM puts and sell my TWM on the large move today. Will look to reload at a better price but does appear a correction of at least a few weeks is on its way.

Financials and energy also look to be correcting/ consolidating for the intermediate term soon.$NASI&p=D&yr=1&mn=0&dy=0&id=p61059559173&listNum=1&a=161901460

Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.