Now Reading
A few tickers.
57

A few tickers.

by MoleOctober 23, 2009

Berk here.

Since Disgust completely blows balls.. This is the only way you guys can hear my voice today…

I got a few tickers that are looking pretty good here. Most I have mentioned before, but here are some slightly annotated charts… Nothing too in depth, but enough to work with.

Note:  Most of these are not ready to play yet, just putting them on the radar.

CMI

CMI

CE triple top (or h/s top) and engulfing candle.

CE triple top (or h/s top) and engulfing candle.

Retest or break-down... Choose your bias...

Retest or break-down... Choose your bias...

Double top...  Engulfing candle.

Double top... Engulfing candle.

GNK double spike top...

GNK double spike top...

BX big break retest.  and little break retest.

BX big break retest. and little break retest.

SOHU potential flag break-out

SOHU potential flag break-out

That is from me for now, or until Disgust finally starts to get it’s act together.

Berk out!


About The Author
Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    well, you've been busy…

  • TheMacroEconomist

    Wow those charts are super Berk! I'm gonna need a break at work to study those in detail tho – otherwise it will be tonight.

    In the meantime don't let 'em crash without me. 😛

  • http://www.genxantihero.blogspot.com LostIllini

    Reason I am long right now…… Rally is still Bullshit but until this changes no reason to be bearish, think of it as the bulls gift to you so you can short more at the top….

    http://www.screencast.com/users/lostillini/fold

  • Bart7

    holy shit, can they rally this thing yet again?

  • gregn

    Thanks Berk. I am liking CMI a lot. I will keep an eye on these for sure.

  • gregn

    Buy order for NOV108 puts @ 1.91. Expecting 50% – 61.8% retrace of todays fall before we go down further. Tight mental stop.

  • http://www.genxantihero.blogspot.com LostIllini
  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    YES WE CAN

    the question know is for the 1086 1090 area to hold

  • jr9876

    looking to reshort at 1084.50 at pivot on ES for waterfall in afternoon

  • https://www.evilspeculator.com berkshire

    Good eye.

    Skål!

  • https://www.evilspeculator.com berkshire

    Since it came out, i have referred to “disqus” as “disgust.” I think it fits pretty well…

    Skål!

  • gregn

    I caught the sardonicism, I just thought thought that it looks more humorous to use a 'q' rather than a 'g'.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    nasdaq still not following any c overextension…

  • anthem

    Going to enter into some amzn put options. I figure it has to retrace some of this ridiculous 23pt move in the next few weeks. . .

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    IT HELD

    1070 to 1050 for tonight?

    I'm leaving

  • gregn

    You're on the wrong side of the trade. 100 p/e is where it should be at.

  • anthem

    Another move like today and I think it'll be close. . . I don't think its growth can sustain the current PE. Granted it can be a lot more irrational than I am solvent as well. . .

  • amokta

    even mahendraprophecy.com is hedging himself that stockmarket correction (of 20%) if it doesnt happen by next week, that dow will then proceed straight to 32000 ??

    tell me, for long-exp OTM puts, what is the logic for their value go up if volatility increased over a period of time, but the underlying remained at the same price?

  • Tronacate

    More home sales but declining prices=broken market=deflation. This is akin to dumping.

    We are just starting the world's biggest garage sale.

    And how the hell are 1st time home buyers qualifying???……there has got to be so much fraud.

  • henrymart81

    I can't remember where I heard it, but it said the majority of the home buying was done by people with an average credit score of 600 putting 5% down. So my question is that 5% due to the $8k stimulus? It sounds like they're doing more of the same that got us into this mess to begin with.

  • Brian_mk

    FHA is going to one giant garbage dump in the near future. 3.5% down is all? I think Denninger posted something about they have almost 22% of all their loans that are 30 days or more past due or already in foreclosure.. and that number keeps rising.

  • newbear

    I'm looking at them myself too but knowing the stupidity of market participants especially in the bullish camp I would not be surprised if they continue to push it a little higher.

  • gregn

    The idea is to destroy our economy so they can point their fingers at capitalism and say “See, capitalism doesn't work!”.

  • http://www.hotoptionbabe.com annamall

    Thanks for the heads up Berk good work 🙂

    Just put on a earnings play on CMI very low risk .52 to make 2.48 bought the Nov. 45 put for 90 and sold the 42 for 38. for a debit of .52

    that's the most I can lose to make 4 times that . 🙂

  • gregn

    I have to read up on option pairing, thats a hell of a r/r ratio.

  • roncofooddehydrator

    GS making new lows. FAS hasn't yet, but I'm expecting it to follow suit.

  • Tronacate

    Amazing……shows the desperation of the government. 8k stimulus to take on more debt. The correct mode of action would be an 8k direct payment to all citizens to RETIRE debt……..maybe pay local taxes before all our towns crumble. Since when is a tax laden, maintenance intensive, illiquid asset like a HOUSE so great?……houses are a stone around the neck of the average American.
    The sooner they wake up up to that fact the happier society will be.

  • moneyfarm

    Thanks Berk. Hopefully you can get your disqust working. I'm eying your X pick from yesterday as a short right now. I'll have some charts for you guys as usual this weekend.

  • Tronacate

    No system works when it is infected with amoral criminals.

  • Cypherd

    CMI does look like a good short. Thanks for the heads up berk, it's normally on my list of stocks to check up on occasionally, but I hadn't glanced at it in some time.

  • http://www.huqleberry.com/ Romaitas

    Hey anna. Are you going to play SOHU going into earnings? I was just wondering how you see it… Ty

  • https://www.evilspeculator.com berkshire

    I'm long calls from 4 days ago…

    Skål!

  • gregn

    Our system was designed to reduce the effect of such persons. Our founding fathers knew exactly what government becomes over time. It is our fault, the people that are allowing our country to be destroyed from the inside out. The entire reason for the second amendment was to allow protection from a tyrannical government. The push to amend this amendment will come soon. There has already been a lot of attacks on it in the recent past. Of course, it will be under the guise of protecting the citizens.

  • PeterK80

    Looks like we might break down here any minute… lower trendline has been broken… just needs to hold.

  • Cypherd

    GS and XLF are looking weak.

  • dollar

    yeah, new LOD in IWM and XLF

  • Darkthirty

    Last up move was 39% retracement

  • http://www.hotoptionbabe.com annamall

    nice huh? 🙂 I agree that's why I loaded up

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://www.hotoptionbabe.com annamall

    wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeee my puts are singing

  • Tronacate

    Exactly right…….but people now are so scared of the gov…….and are so involved in buying little Johnny the latest phone that activism is all but dead.

  • Trader_Steve

    FHA = lesss than 5% down I believe. That's why so many homes are under $250,000.

    We are going into a depression. No generation in modern Western history, from my research, has avoided one.

    I'll say it again…Obama was elected because we are in a major bear market and his Immaculate Election is what P3 will be all about.

    No one elected in 2008 was going to be anything but a one-termer. But his polices are going to insure great pain for years.

    Steve

  • dollar

    3.5% !!

  • john_matrix

    just wanna say Anna spot on with ur call today

  • Tronacate

    The sad thing is Ron Paul was the only Republican who had it right…..and all the other candidates looked at him like he was an idiot during the debate.

  • mmTesla

    Taking XLU off, I think it has become a bigger bullish trade. Above VPOC and below VWAP, also low volume, I expect breakout to the upside. Just my .02
    http://screencast.com/t/McsV7I5CVke

  • john_matrix

    also great call berk yesterday “we've topped”

  • http://www.hotoptionbabe.com annamall

    Thank you John 🙂 cashed out half @ low here 🙂

  • http://www.hotoptionbabe.com annamall

    I just might have to go look @ chart thanks for the heads up will post if I do 🙂

  • Eva S

    That's true only if we do not go above 1101, otherwise we haven't topped… 🙂

  • http://www.hotoptionbabe.com annamall

    are you holding through earnings Berkbabe?

  • gregn

    Are you expecting a reversal after making this low?

  • https://www.evilspeculator.com berkshire

    That is my plan… Yeah, it's one sided, but so were GOOG's earnings. I only have a 2 lot on anyway. Not that big.

    Skål!

  • TheMacroEconomist

    Oil has once again diverged from what gold and the dollar are doing, second time today. DXY is up 0.3%, GLD is down 0.4% and that's okay, but USO is down 1%?

    Watch closely as gold and currency pits close at 2PM, and then as oil pits close at 2:30.

    I've been long USO since $40.84 this morning at the first gigantic divergence.

  • bergs

    Have a great week-end

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    thanks, you too

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    thanks, you too