My short term trading strategy for FCX.

Long: 41~42, Short: 44.40 (Resistance at 44.50)
Long: 44.85~45.25, Short: 46-47-48

The Dailies and Weeklies indicate neither at extreme buy or sell but at middle ground.
Therefore, I'll continuing to hedge both ways..

I'm out of LVS trading for now.. ran up too far. Will buy on pull back at around $50-$51.

This post has been edited by danmooncake: Feb 24 2012, 08:32 PM

im out of LVS as well. Too much too soon.

Not sure on FCX, just keep monitoring for now. In with YOKU and DELL.

I just took a brief look at YOKU price movement for last two days.. seems pretty good for short term trading.
Support: 19.50~20 Resistance: 24-25.. Strong buy volume came in yesterday.

Hedge Funds are buying.
Look at the top holding. Big sharks!

http://finance.yahoo.com/q/mh?s=YOKU+Major+Holders

Recent price action could be indication of usual run up by the big boys, usually prior to earnings.
I'll be interested to look at this again after earnings (perhaps after market close tonight) and see how it goes.

You're right. The PA (Price Action) suggest things that we won't know (as we are puny traders).
Same PA for LVS noted during her amazing run from $40 early January.

My gain was 27%.

Options run was about 250% for March Call.

DJ -98, almost 3 digits..

This post has been edited by simonc: Feb 27 2012, 10:48 PM

don't be scared. will end up with 2 digits only.
now -60

I hope the bear do come out now.....thin line of hope..

Anything less than -2 digits still a 'buy and dip' scenario but for each rally, I think we need to sell into it to lock in some profits. Between now and next month, we could see the pull back getting bigger as prices of Oil continues upward.

Bull came and chase 'em away.

Correct DMC - I'm yet to see a strong 3 digits like we saw in September. Daily jaw-dropping up to 400-500 points! WOWWWWWOWW

Ok,.. both Dow and SPX crept back into green again.. I'm locking in some of the profits here.

now SIMONc - see the GREEN pips?
a minor reversal can happen here, back to low negative closing.

Impressive move for YOKU today... another 2% bump up.

Going to watch for it closely this week for some possible scalp trades.

This post has been edited by danmooncake: Feb 28 2012, 10:03 AM

As I predicted, a small correction towards the closing. Well done MM.

YOKU is good for day trading, but not to hold for long term. China's version of Youtube.

Dow 13005.12 +23.61 +0.18%
Nasdaq 2986.76 +20.60 +0.69%
S&P500 1372.18 +4.59 +0.34%

Dow finally closes above 13K... wow.. yet another milestone indeed.

US govt printing machines rulez.. nothing can stop them.

America has the most up to date and efficient printing machines.

That is one thing they never fail to do

YOKU moving, so does SINA.

Good for short trade.

I'm watching YOKU for shorting opportunity..

US economy grew faster than expected on q4....time for a rally again?