S&P is at a weekly double top where it has been making some bearish moves. Therefore, should I see some pullbacks on the stocks.

GOOGLE still strong bullish. When it breaks the red line, then will I look at it again.


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Mark on this weekly AAPL chart is the two vertical lines, which is the launch of the Iphone 4s and Iphone 5(if the launch date is true). In my opinion, the recent bull is not bullish due to the company growth but full of retail investors that made the stock went bullish. On the intraday chart, if it can break the $655, I should see the same pullbacks as of the Iphone4s pullback history. After all, history repeats itself. Marked on my chart is also 2 possible pullback level that I am looking at. For bullish confirmation, it needs to break $680.


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Quinn, thanks for sharing.. now that's useful info.

For AAPL, I'm looking for a possible long side trade at around 625-630 as tier 1, 565-575 as tier 2.

Can you run a quick check on your ichmoku indicator for MPEL and LVS?

Hi,

3 sec glance, it will stay out of both stocks. Both are trading in the weekly red line & green line. However, MPEL is slightly more bullish than LVS. LVS is still very bearish.

Are you trading options or mother stock?

p/s: I dont know why I can't upload images. I got an error :

THE FOLLOWING ERROR(S) WERE FOUND
The requested file upload failed because suitable permissions have not been enabled on the 'uploads' directory. Please contact the board administrator and inform them of this error.

Pls plug the ichimoku indicator to the stocks on the weekly chart and you may see what I was refering to. Thanks.

Just mother shares for MPEL and options for LVS.
I was holding tons of MPEL.. took huge load profit @ 12'ish.. reduced substantially now.
Iron condor play for LVS @ Sept expiration (must maintain between 40 and 45) for me to grab profits.

This post has been edited by danmooncake: Sep 4 2012, 06:47 AM

Here's the charts.

How do you gauge the LVS to be between 40 & 45 in September? Do you see fundamentals or technicals? I see it in between 39 & 48 is the range thou. For me, iron condor is deadly.

Do you mind to drop me your email? We recently conducted an institutional option webinar and i could send you that recording.


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I think LVS not going anywhere this month. Looking at lots of supply to chew thru above $45 and pretty good support at 38/39 area.
Anyway, I got 3 weeks to play it out in this month for the premium to melt.. and will abandon ship if this breaks outside my range.
PM you my email. Thanks!

S&P dropped. Next support @ 1387.

I love to see TA players in LYN..

@Quinn

I saw you are using "Cloud Indicators" .. Is that useful in all market? Sorry that I might be out of topic.. as I cannot find a lot of TA discussion in Malaysia Market.. Looks like no people like to use TA for bursa..

US Market have a lot of gap up and gap down.. looks like it is a big big different with our Local Market..

Actually, the invisible hands came back and still holding this up...

Let's blame it on AAPL!!

This post has been edited by danmooncake: Sep 5 2012, 11:52 AM

Yes, I use Ichimoku in all instruments and it is my own weapon to analyze the market. With good money management, yes it can be profitable. With fundamentals, it is even better.

To curb gap up / down is to trade on the higher timeframe, aka mid to long term trading.

Time to play silver (SLV) and gold (GLD) again.. bullish indicator just pop on my screen on these two precious metals.
Tomorrow, ECB possibly going to roll out the bazooka for money printing.

Seems they using old money to buy bonds

Buy the rumor, sell the news time?

No, not yet. I'm holding my collection here. They just turned on the money printing machines.
Tomorrow, US also got the job numbers. Then, I'll sell into the next rally for profits.

All the best. Some friends closed GME for 300% profits a few hours ago.

super bull.

Yeah! Crazy bulls!

Also, GOOG is going to touch $700 before AAPL!

This post has been edited by danmooncake: Sep 7 2012, 02:02 AM

SSE up 4%! Partly due to the approval of 30 infrastructure projects.
And US' QE could be coming...
Looks like worldwide super bull is coming.
Lets see how our local GE can beat that bull.

Nice! Lots of rumor going around to pump and juice this market up..

Now, tonight I'm taking some profits here. Got a huge run up on my MPEL and CAT trades.

Got to watch for my LVS options trade here also.. if this darn thing breaks above $44, it's going to get too close
$45 for comfort.

This post has been edited by danmooncake: Sep 7 2012, 10:12 PM