Friday, October 22, 2010
Alert, then selloff, now what is next?(October 22, 2010
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Stock investing and stock trading:
(If you are new to this site, there are hundreds of posts you cannot see which are available for members only. Should you want to become a member of this stock market site, please fill the form above).
There are two main points:
1. The stock market alert (a copy is attached below) that was issued yesterday by this site's stock market models was at the area of yesterday's top. The stocks sold off soon afterward. Smart money seems to have been active in liquid stocks as postulated in the post attached below. The sell off was too quick, which is a possible indication that it was fueled by possible triggering of stop losses, which are typically placed below the lows of a trading day. In the case of the sell off of yesterday, the stops seem to have been below yesterday's low (for day traders for instance), and below the lows of the day before (Wednesday)'s low. Those who had their stops at Tuesday low are definitely not smart money as they should have moved their stops at least below Wednesday's lows.
The stock selloff lead to a outside day that shadowed the range of two trading days, which is a rare occurrence, and may indicate the concerns that the stock buyers may have.
2. The time now 11:05AM. The market is at today's high. The next 30 minutes are important for the market. If the market does not move higher than where it was when it sold off yesterday (which is less than 0.15% away), then this would be an indication of hesitation and even a weakness from stock buyers. If a retreat is triggered, then would be watching whether it is profit taking, bears building short positions or market insiders hitting stop losses.
However, it would not be surprising if today's trading will be dull or with low volume, which could lead to an inside trading day. This would give time to the market to remove the weak hands both on the short stock side and the stock buyers side, before it decides on the move. Monday may then be the real decision-making day.
The copy of yesterday post follows.
Stock investors and stock traders:
(If you are new to this site, there are hundreds of posts you cannot see which are available for members only. Should you want to become a member of this stock market site, please fill the form above).
Today is October 21, 2010. Time is around 10:13AM. After many weeks, this blog's stock market analysis models have just issued an alert. We will have to compute the numbers associated with this alert, but the type of alert issued by the models today tells us to be very careful, and to protect the gains if we have any stock gains on long positions in the stock market.
Since the stock market broke yesterday's high which is usually viewed as bullish but it can be a trap as well, we need to also pay attention to stocks that are leading the stock market in terms of trading volume. Due to their liquidity, these stocks might be used by more informed stock investors to hedge their long positions in stocks that are not as liquid. Therefore, analyzing the stocks that are leading in volume, would help assess their individual behavior, and the health of the overall market in connection with the alert issued by this site's stock market models. Below is a list of stocks that we plan to review.
To your profits!
(If you are new to this site, there are hundreds of posts you cannot see which are available for members only. Should you want to become a member of this stock market site, please fill the form above).
There are two main points:
1. The stock market alert (a copy is attached below) that was issued yesterday by this site's stock market models was at the area of yesterday's top. The stocks sold off soon afterward. Smart money seems to have been active in liquid stocks as postulated in the post attached below. The sell off was too quick, which is a possible indication that it was fueled by possible triggering of stop losses, which are typically placed below the lows of a trading day. In the case of the sell off of yesterday, the stops seem to have been below yesterday's low (for day traders for instance), and below the lows of the day before (Wednesday)'s low. Those who had their stops at Tuesday low are definitely not smart money as they should have moved their stops at least below Wednesday's lows.
The stock selloff lead to a outside day that shadowed the range of two trading days, which is a rare occurrence, and may indicate the concerns that the stock buyers may have.
2. The time now 11:05AM. The market is at today's high. The next 30 minutes are important for the market. If the market does not move higher than where it was when it sold off yesterday (which is less than 0.15% away), then this would be an indication of hesitation and even a weakness from stock buyers. If a retreat is triggered, then would be watching whether it is profit taking, bears building short positions or market insiders hitting stop losses.
However, it would not be surprising if today's trading will be dull or with low volume, which could lead to an inside trading day. This would give time to the market to remove the weak hands both on the short stock side and the stock buyers side, before it decides on the move. Monday may then be the real decision-making day.
The copy of yesterday post follows.
Stock investors and stock traders:
(If you are new to this site, there are hundreds of posts you cannot see which are available for members only. Should you want to become a member of this stock market site, please fill the form above).
Today is October 21, 2010. Time is around 10:13AM. After many weeks, this blog's stock market analysis models have just issued an alert. We will have to compute the numbers associated with this alert, but the type of alert issued by the models today tells us to be very careful, and to protect the gains if we have any stock gains on long positions in the stock market.
Since the stock market broke yesterday's high which is usually viewed as bullish but it can be a trap as well, we need to also pay attention to stocks that are leading the stock market in terms of trading volume. Due to their liquidity, these stocks might be used by more informed stock investors to hedge their long positions in stocks that are not as liquid. Therefore, analyzing the stocks that are leading in volume, would help assess their individual behavior, and the health of the overall market in connection with the alert issued by this site's stock market models. Below is a list of stocks that we plan to review.
To your profits!
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