AAPL, RIMM & GOOG oh my! but you can't leave out GS!

What do all the above companies have in common? Well, for one they were all wallstreet darlings at one point. All have broke trend, but all have had what most would consider great earnings. Google missed wallstreet’s estimates by 1 cent today and subsequently dropped like a rock after hours. yes you can blame investor skittishness on the economic downturn, but i blame the media and the school of fish mentality. They beat shit (their opinion) down our throats every single day with sensationalism on the most non sensational occurrences, this is exactly what scared everyone into selling these otherwise financially strong companies like scared fish. Its like smacking the side of an aquarium, the fish go NUTS and scatter, really for no reason they are not being harmed, (the only reason they scatter is because we hit the tank( consider the media the hand) once they realize this they will come back out to play. I believe this is what the market will do by summer, we will realize a lot of overreaction occurred because of oversaturation of the financial media opinion's disseminated across all forms of news instilling a false perception of the TRUE US economic state.

GOOGLE MISSED EARNINGS

LADIES AND GENTLEMAN, google has missed earnings. the cash cow ATM machine is not churning out the bucks. Goog has broken its long term trend, look for it to drop to 450 area in the short term. The downturn in the economy and tightening of consumer spending likely caused goog customers to cut back advertising budgets. GOOG has dropped 25% from its highs in the 700's they only missed by 1 c a share. earnings came in at $4.43 per share, narrowly missing Wall Street's expectations of $4.44 a share.

DOw am channel forming.

Cheeseburger in Paradise sucks!!!

I am blogging from cheeseburger in paradise here in Evansville Indiana, and the service is of course terrible. Im sorry Jimmy but i think you have expanded to fast and forgot about the island charm that drew you too margaritaville. Why has service in so many chain restraunts become so terrible, WHY DO WE PUT UP WITH IT. They do have cold beer, but think the waitstaff was hired straight out of the hills of kentucky! pssh. ON a positive note, they do have very nice absorbant napkins to wipe up the spinach artichoke dip i just puked all over the counter.

AAPL inverse head and shoulder forming?

I know this is a very rough and primative formation but we could be bottoming and looking for a beak-out..

GOOGLE TREND HELD, INTERESTING CHART

Many of you might have seen this chart on Fast Money a few days ago, i think it is worth showing again. Goog has exbited very healthy trading techincally speaking. Good has followed its trendline since IPO, on JAN 23 goog bounced off this and rocketed back up like POGO stick. very solid play, and profitable trade. Keep you eyes open for opportunities like this.

The markets are as i would say "frothy" !

Today was a bit of a sellers market, albeit we are down 171 PPS on the DOW i still believe this is healthy trading. If you look back to the DOW chart i posted yesterday you can see that i pointed out the dow was approaching resistance at 12475. This resistance was met today @ 12480, OK OK i was 5 $ off but my point was made. If you look at this 5 minute chart you can see the dow charged up in the opening to this point then retreated,to the close where support held on the 200 SMA. What does this mean you might ask? i believe this means their are still people with weak hands and or retail traders taking profits on all the MARKET GAP FADES opportunities that made a few people rich!

TRADE ALERT! aapl, gs, dji.

Goldman SLACKS chart!!

APPLE CHARTS!!!!!!!

Tomorrow brings uncertainty????!!!!

The markets rally was nice today, on the other hand it pushed a lot of stocks into overbought conditions after the late day powerful rally. AAPL GS the dow COULD turn here. I have a few charts i have annotated, the include APPLE, GOLDMAN SACHS and the DJI. I think WE could be forming a round bottom here in the markets, a new support... we shall see.

MARKET BOTTOM, Nope.

I was away from the computer most of the day today unfortunately, everything seems to happen when i am gone! Today was another day of volatility, gapping down in the open then charting up to positive 298 points. YOu might ask is the selling over? i think the there are still people out there who do not know if this is the bottom and may continue to sell. BUT we do not chart up 500 points for the hell of it, investor sentiment is changing for the positive a bit.

I do think the fed cut the rates to soon PLACING a band aid on our market's gaping wound. SACK IT UP AND DIVE, WE NEED TO GET HURT. As a child we learn from getting hurt, we must do the same in the markets. Bernanke resign please.

RIP Heath Ledger

God speed. Drugs kills folks. AMY WINEHOUSE STOP SMOKING CRACK>

Well we made, APPL tanks on slowing growth

The markets were trading like loose air hose today, Volatility index this morning SPIKED to 37. Looks as if AAPL is entering buy territory. 145 is a good target, 120 is the NEXT major SUPPORT LEVEL.. i will post a chart in a few minutes. AFTERHOURS APPL has fallen to 139 at the moment. I believe the capituation point will be 120, once we arrive here we will start trending upwards again correction out positive trend. Read more Apples forcast below wallstreet targets here.

GOLDMAN CHANNELING INTRA DAY- DOW RESISTING AT 12000

Trading on the dow is getting pretty tight. looking for a breakout here soon. DOWNSIDE i believe?

AAPL chart annotated for open, Nailed my projection

AAPL exibiting very tight trading, the bid/ask spread is non existant. its rally is tapering off now around noon. pull up a 1 min candle and you got almost no volatility, i think we will slide until earnings after the bell.

BERNAKE CUT THE RATES!!!

Ladies and gentleman Federal chairmen Ben Bernake has cut the fed funds rate by 3/4 point. This was done in reaction to the overnight futures that are still at this moment down over 430 Points. THE buzz on the street is, "THIS BETTER WORK". I have a feeling we are still in for the lowest opening in a lot of years. FED FUND RATES SITS AT 3.5%. I hope all readers realize the gravity of this situation.

DOW & APPL CHARTS ANNOTATED, JAN 22

TRADE ALERT!!!!!!
GS - gapping down pre market at 4:15 down to 183
GOOG- down to 575 pre market!!!!!
AAPL - 140 pre market !!!

The appl chart is a 60 min candle chart. A solid downward channel has formed as AAPL PingPong'ed downward. Look for AAPL to crush through 147 in the AM tomorrow.
The DOW Chart is showing a FIB grid with correction trend lines. Our next SUPPORT level on the DOW is 11200. GOD SPEED.

DOWN DOWN DOWN.

Hang Seng ( Hong Kong) down 1900+ 8%, Nikkei down 700+ 5%, Australia down 7% , Shanghai down 5%+ , India down 7%, Taiwan down 6.5%. Asia meltdown worse than last night.

"market crash" leading search term directing to my blog

Latest search terms which directed users to my site are 25 clicks from search term "market crash" and 10 were from "futures". This obviously shows investor worry and doubt.

THIS IS A REALITY, WATCH! Stock market crash!

REal time chart. DOW 600

INDIA MARKET CRASHED! trading halted!! down 11%.

More confirmation our markets are severely broken.

Take a look at the futures once again. read this article from YahooFinance! http://biz.yahoo.com/ap/080121/world_markets.html . I look for major short plays on all stocks with higher beta 1.5 - 2 + . I think our jaws are probably gonna drop tomorrow, if you are smart you will make mad loot tomorrow. If you are lousy, ignorant and or out of dry powder you will miss out.

FUTURES TANKING!!!!!!!!

Well ladies and gentleman its here. I really cant believe what i am seeing the market is in one word or less crashing. The futures are down 514 points on the DOW as i type this. S & P is down 60 Points. http://www.bloomberg.com/markets/stocks/futures.html ... Tomorrow is going to be a day of reconing. I would advise to be HEAVY cash tomorrow, and or make sure your stops are all in place. I will be keeping everyone updated as we come closer to Opening tomorrow.

Happy MLK DAY!!! YAYEEE

I guess its alright that is a national holiday today, the downside is the market is gaining potential energy. This is probably going to be released in a big way on tuesday. Why might you ask? Tuesday is a major psychological zone of resistance. Let's all hope for the best, we might get a suprise rate cut tuesday, but likelyhood of it is pretty slim.

Sunset Tan on E! Why is it on tv?

Has anyone seen this pile of garbage? Every single person on the television show is a complete moron, they should not be in charge of anything simpler than maybe smoking crack. The people who run that company are idiots, on the show tonight the palms episode, they were flying to vegas on a private jet (def chartered) staying in the hardwood suite at the palms for a company business trip? 1. why are they not saving cash and driving to vegas or flying commercial 2. why is everyone running the company dressing like a sleezy southern italian teenager. I think these people need to read a book on how to run a start up business, go to school and get a real education and stop living in some bubble world. they are all gonna die of skin cancer. If anyone from the show reads this, email me. ill run your business like it should be, ill start first by firing your dubmasses.

Who is sick of these house flipping shows?

I personally dont mind them, i like watching retards who have no business remodeling a home and or managing a flip. What i do wonder is, are these shows getting any ratings? how many people who have lost value in there homes or lost there homes get sick to there stomachs when these shows come on? With the real estate market still searching for bottom i do not think these shows are worth much.

Well the weekend is here. i hate the weekend

Why do i think this? because you cant trade on saturady or sunday.... well i guess you can forex but thats not in my bag of tricks yet, i am still absorbing all of it's facits. Tomorrow i will post a few key charts on stocks which really weigh heavily on the directions of the markets. Primarily the financial sector. While you are at it you should take some time and research technical analysis. This will help you better understand my charts. start by looking here... http://stockcharts.com/school/doku.php?id=chart_school:overview:technical_analysis

Bush's plan for a tax rebate tanks markets..

Bush has done it again, giving out tax cuts thinking a few hundred bucks is gonna solve American's debt problems. Think again, the markets PUKED all over that plan today. WAKE UP BENNY BOY colaborate with the white house and get ahead of the curve. Psychology is taking hold of investors minds faster and faster. Rate cuts cannot change investors psychological views of the market. Idiots.

Market played out as i posted lastnight.

The dow exibited trading idicative or a big tug of war between bulls and bears. Todays close is yet another rung on the ladder reached. We went as low as 12,100 today, market is looking oversold technically. the stochochastic is getting in deep oversold territory 3.35 to be exact.

PingPong alert.. dont get served.

Position update: Short term shorts
AMBC - Look for a short term short opp --- shareholder lawsuit
ANSW - i am increasinly weary of this company, as they rely almost 100% on google adwords/adsense for revenue, fairly risky considering google has been pulling the plug on such sites.
DJI - Key supports have been ran though, dow level tomorrow 12000.

Long Opinion:
IDCC- solid earnings growth potential in the mobile handset market, just won a major patent settlement with Nokia. look for a price in the 30pps area in the mid term. (charts below)
FWLT- solid backlog of orders, trades quite well. Volatile but ROI is good. technically oversold conditions.
AET - solid stock trending well, good PingPong stock. you could pull 20 bucks out of it if you let it ride long term. cant have weak hands.
HUM - growth could go higher, keep a tight stop, trades inline wiht AET.

Speculative stock:
PXIT - reverse merger play possibly? Acculumation, and dilution going on..... ran hard earlier in the year on rumor, real thing coming up?

Opinions

Interesting trading in Apple, continuation channel trading..

Interesting continuation trend channel developed in AAPL today. Was good stock to PING and PONG with. Take a look at a few of my annotations.

DJI entrancement near 100% from late feb 2007

Take a look at the Fib grid, we are 159 points away from a 100% correction, next stop 161%

Welcome Big bad Bear! Inverted VIX curve hello!

Well here we are... we are officially in a bear market by definition. The market has lost 1/5 of its value since its highs in early Oct. Down 14% percent. Expect much downside.. Tomorrow the futures will be up a you can play play the bounce just like this morning, (head fake for the suckers). Look for the market to open up in the am but then fall again on widespread pessimism. The fast money guys are yapping and yapping about being long...

Markets down 300, nailed my call..

Its about 3 45 and the markets have fallen off the clif again. She has taken out key support at 12500, i belive the next major rung on the ladder is around 12000, we could even hit that today.. If we do not hold at 12,000 we are going to 11,100 in no time. Purge baby purge! It was another winning day with appl, in regards to profitable trading. i will post a chart in a bit when i have some time.

My primary focus..

This is my first post.
I focus primarily on day trading mid to large cap stocks on the Nasdaq and NYSE.

Hello out there in security land! Sellputs Here

Sellputs thinks the market is point for a down turn... This graph shows some strong technical support being taken out today

Today's activity in the markets....

I mentioned a few times on some boards yesterday that GS was going to 188 today in a negative market. looks like we might hit that point here soon. As for the bernake comments, i think it was priced into the market. We will continue a downward spiral until we hit 12,000 or the rates are cut, whichever comes first.

The snakes head slithers past....

I made a few calls back on the GS message board about a bearish descending triangle forming. Looks like a snakes head actually... off point.. but if you look at the 200 support leve which has been tested hard broke through and the stock dropped sharply. this was a great swing trade. short @ 200, cover at 188 PROFIT 12,000$ not to bad ROI of 200,000 in about a week. STay tuned for more calls.

Chart i traded today...realtime annoations made on the fly

Charts i traded and annotated in real time..

GS, AAPL & C a few stocks which trade technically well intra day, a few overnight continuations trends in AAPL.