Here is wishing you  all the very best of the upcoming 2010, I am blessed to have gotten such good news today, and now can focus on trading for the year ahead. God bless to you and your family, critters, and friends

Anna

What am I speaking of? I am speaking of any health problems! There couldn’t have been better news right now, I have had the thought of something possibly being wrong in the back of my head for 2 weeks!  With my vivid imagination I had all kind of scenarios thought out. Thus I have not been myself for the most part the last week or so in waiting for the news. No matter what someone tells you, you cannot forget, put it away, think the best (at least most peope) and they cannot deny it bothers them. (if they do they are liars!)  Now that being said, I am getting back full force after this holiday weekend with new energy.

Today will be somewhat of a non event and  the real deal with come in January, my call remains Jan 14,15 when we see a real correction.  But we shall see.  for today it will be a whole lot of nothing.

Here wishing you all  a Happy New Year’s EVE!

Anna

Hey gang, how about that I came up with 3 T’s LOL I am so over trading this nutty tape, I should know better than to try and figure out which way the wind is going to blow this week. I think Jesterx has things down pat by staying out till the new year. Ah well, I did today what I felt made the most sense (which for me has been tough lately) and I bought puts on every slight bounce, even though the tape was higher it was a very weak performance, and I could see that a sell off is close at hand.

I did something new and that is use Fibanocci Fans. I might be off a line or two but the basic premise is we are at serious resistance and cannot break through. Hence you see the fans around the high 112’s on the spys. The Macd is clearly overbought and rolling over, but how far can we fall, well there are the fans support on the way down on the dailys.

love to you all and I am out of FX right now, I do believe the dollar has started a wave 5 move along with some of our other wonderful hobsters. I am up now over 600% on FX. Maybe I should stay there.

Hi Hobsters,

To be honest there is just not much to say that you don’t already know. We might see some kind of slight pullback tomorrow, since we have been up what now 5 days in a row. Remember the market normally goes in 1/3 /5 day  increments whether its up or down. Don’t ask me why, because I don’t know

The Dollar should take a bounce tomorrow, hence I am short the EUR/USD for a trade right now.  Gold up slightly.

Remember last night I said 113 would be most likely the high on the SPY and we hit 112.99 before bouncing off and ending up about in the mid-range of the day @ 112.72.  We have support at 112 and resistance @ 113, so not really sure where we end up tomorrow, but all I know is I am ready to get out of 2009.

Really hard to make much sense of anything this week. Most folks are either on holiday or not doing anything until next year, hats off to them. might be the best thing to do.

Hey Hobsters I hope your holiday was everything you wanted! I am still in Holiday mode, but this week we shall be open 4 fulls days not 1/2 on Thursday but a full day.

I do expect a slight pullback as we are overbought short term but don’t expect much. As the volume will be light and the rest of the market is still in holiday mode. What I do expect is to see our correction sometime mid January as I have been saying all along. We are right @ the 50% retracement level from the high of 2007 to the high of 2009.  Could we go higher, sure my gut tell me that 120 on the spys is not improbable. We do have allot of resistance @ 113.00 and support @ 112 area. So could be allot of sideways action then a final move higher before the correction.

Here is a chart of the SPYs

another view for your pleasure.

As you can see the MACD is way in overbought territory, but could push a bit higher before rolling over. Same with the stochastics.

GLD has the opposite indicators of being oversold and bounced near the 50 RL level that should be a good opportunity to go long. So what am I doing this week, most likely add to long GLD support is 105 and has bounced off of that. Take some profits on long soon, and start to add SPY puts later this week and the first part of January. I am sure we should see at least 10% if not more.

See you this week and let’s make some $

Enjoy your holiday and spend it with folks and animals you love!!

Hi Hobsters.

I did quite a bit of thinking today, with the oh so slow tape and thought of this rectangle that we have basically been in and now just outside it on the up side. This looks to me like a whole lot of sideways consolidation before a final move higher. Do I wish I had been long earlier …yeah like last July. LOL but there is no doubt that is it likely we are going higher, so it makes sense to pick good stocks as a day/swing trade and stay away from the indexes.  Keep a mix of different stocks find the ones with huge short positions to go long with.  The market looks like it is going higher, so for now that’s the game I am playing. FX is another way to make good coin if you know how.  The techs are going higher, be mad about it, fight about it, scream about it, just deal with it.  Once we get through enough of a correction you can safely go with techs and here is why. Out of the Nasdaq 1000 there are:
54 of 100 are have “bull crosses” alignment in their moving averages (price>50>100>200>300-DMA)

74 have “golden crosses” in their moving averages (100>200-DMA)

41 of 100 have 300-DMA that are upward sloping about to break into new all-time high territory

successfully testing recent past resistance levels as support levels

about to break into new high all time territory.

They will lead the tape higher.

Here are a couple of new jewels to go long.

IBM is at the same price it was at its peak 10 years ago, today’s P/E is around 11 as compared to the over 40 P/E back in 1999

Amgen presents a similar technical picture and looks to be breaking out to go higher.

ok off to feed the homeless Asta La Vista Hobsters )

Here is some picks that are working now

LONG

SHLD

GOOG

LULU

NILE

AMZN

APPL (yes I think it restest 208 and higher)

Short

GLD

GS

BAC

V

RIMM

Just a post to make you smile

Another hysterical one

Hey Hobsters, I relaxed a bit trying to feel better before Christmas, or I may miss out on the holiday fanfare!  Today was another blow for the  bears. We saw a dis-location from the dollar, seems to work for the bulls no matter what!  But keep this in mind we are in Holiday mode, at least I know I am.  I think it will not be impossible to keep the rally going with out Oil/gas/gold/hard assets. I do think tech will lead the rally in 2010 but not before we see a much need correction in the SPX. It will come, it’s just when and if you are not putting on some bearish trades you might miss a huge opportunity.  What I am saying is start to add small positions before January if you can

Now looking @ the VIX it is getting close to a yearly low! What that tells me is a big change is coming. It is close to the lows of the year.  5hiw looks like a triple bottom here on the charts and intra-day we hit a low of 19.77.  It’s so low right now, that show a sign of complacency, that normally has a sharp reversal in store.

We are still in that damn range of 1092  to 1115 as Jack likes to call the rectangle area. Driving me nuts and I am getting totally bored with the whole thing and am ready for something to pierce my attention!

Well we might have this boring tape until January,  so here’s to you all having a good night, I am feeling a bit better, so I hope this keeps up till tomorrow…….see you later gang

Tuesday update we have a songwriter among us that is quite the talent I must say…..by Sunset  called Hey 1113

Hey 1113
No we can’t dance together
No we can’t talk at all
Please take me along 
When you slide on down

Hey 1113 
That’s ‘Retha Franklin
She don’t remember 
The Queen of Soul
It’s hard times befallen 
The sole survivors
She thinks I’m crazy 
But I’m just growing old

Hey 1113
No we got nothing in common
No we can’t talk at all
Please take me along 
When you slide on down

The Cuervo Gold
The fine Colombian
Make tonight a wonderful thing

No we can’t dance together
No we can’t talk at all

Hi Hobsters

I decided to put up a few on my short list and a few on my long list to look at for January. Do your own homework before putting on any trade.   I think @ this point in the tape we will see a P3 in January, not before as those fund managers and clients don’t want to pay out those capital gains on 60-70% on those gains this year.  That for me mean for now I will just grab some great stock picks to play with!

Short List

V
GOOG
BEN
AXP
DE
COH
CNQ
BBY
RIMM
BIDU
PCLN
AZO

Long List
POT
GLD
OIH
NKE
SWN
LULU
NILE
SHLD