Oversold ETFs
#1
Posted 20 January 2011 - 12:31 PM
#2
Posted 20 January 2011 - 02:29 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#3
Posted 20 January 2011 - 04:09 PM
#4
Posted 20 January 2011 - 04:26 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#5
Posted 20 January 2011 - 04:45 PM
#6
Posted 20 January 2011 - 05:06 PM
Thanks. Good to know.
My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...
Probably a bounce. Probably tomorrow.
Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.TNA..........S@70.....62
http://stockcharts.c...id=p50809167177
I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.
Thanks for the chart.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#7
Posted 20 January 2011 - 11:18 PM
#8
Posted 24 January 2011 - 06:25 PM
Thanks. Good to know.
My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...
Probably a bounce. Probably tomorrow.
Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.TNA..........S@70.....62
http://stockcharts.c...id=p50809167177
I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.
Thanks for the chart.
Got the beginning of the bounce today. Came a day late but here it is. Question is -- is it also the end of the bounce?
Betting there's more downside to come (suspect a real bottom is still three-four weeks away) but holding some stocks and a TNA position on this NYMO upswing with now a break even stop at today's open. This correction will probably look more like the Aug-Sept lows than the November dip when it's done but who knows?
Would like at least one more day to the upside (like the market actually cares what I'd like )
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#10
Posted 26 January 2011 - 02:07 PM
Thanks. Good to know.
My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...
Probably a bounce. Probably tomorrow.
Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.TNA..........S@70.....62
http://stockcharts.c...id=p50809167177
I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.
Thanks for the chart.
Got the beginning of the bounce today. Came a day late but here it is. Question is -- is it also the end of the bounce?
Betting there's more downside to come (suspect a real bottom is still three-four weeks away) but holding some stocks and a TNA position on this NYMO upswing with now a break even stop at today's open. This correction will probably look more like the Aug-Sept lows than the November dip when it's done but who knows?
Would like at least one more day to the upside (like the market actually cares what I'd like )
vitamiminm,
Taking profits on this bounce ahead of the Fed. TNA up 7 percent.
Nice alerts for the general oversolds. Still holding the metal stocks and some others. Thank you very much.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."