Thursday, August 29, 2013

No Trades for FRI August 30, 2013

Again, Big Money was busy today picking up panicky sold stocks, specially small caps.  That is damn bullish.  DJI and SPX sell off into the close was disappointing, but it was all at exteremly low volume (probably the lowest for 2013).   I expect a rally either tomorrow or early next week to back test SPX 50 D-SMA.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Wednesday, August 28, 2013

Trades for THR August 29, 2013

RTS-OS Portfolio and Trades
RTS-OS Sells P and Buys GT in its place at the open

Big Money was busy today picking up panicky sold stocks.  Support lines for major indices held well.  Chances are good that we see a back test of 50 D-SMA for SPX (around 1658) by Friday.  A close above 50 D-SMA would be extremely bullish.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Trades for WED August 28, 2013


The drop in cash indices yesterday were almost entirely due to hedgies selling future contracts on indices.  Major indices are either at or very near significant supports.  Chances are good that we bounce here, maybe a few more points lower.

If war breaks out (very doubtful imo, maybe some token bombing at the most) and oil spikes, we can then forget about taper.  If no war, indices surely rally on the back of short covering of those future contracts sold short yesterday.  Either way it's a win win for bulls.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Saturday, August 24, 2013

Doom And Gloom Abound, .... NAYCE - Trades for MON August 26, 2013

RTS-OS Portfolio and Trades
RTS-OS Covers JCP and Shorts LEN on Mon Aug 26 at the Open
 
I don't know what happened on Friday, but out of no where permabears rose again and started yelling their usual chants: "This is it, watch out for black Monday, expect at least a 100 point drop in SPX to mid 1500's on Monday ...... run for your life, the sky is falling".   Then, just an hour prior to the close, a well known talking head went on CNBC and told viewers that "things are terrible and Dow 12K is around the corner".  I guess he forgot to mentioned that he was talking about "Dow 20K " on CNBC just a few weeks earlier. 

They say anything to grab attention in order to get more subscribers.  And they've learned well, from their master Rupert, that nothing sells better than the stench of fear. 

SPX managed to close for the week above its 50 D-SMA, that is very bullish.  Chances are good now that SPX is on its way to test 20 D-SMA and then its primary downtrend line around 1675 -1680 sometime this coming week.  What is really needed is good news ("no taper anytime soon") out of Jackson Hole.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Thursday, August 22, 2013

Trades for THR August 22, 2013

RTS-OS Portfolio and Trades
RTS-OS Sells PBI and Buys WCRX at the Open

Futures are nicely up.  BM is pretty much away (hasn't been doing anything in the market) and won't be back until after labor day.  In the meantime, he's telling Ben to  back off or else.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Wednesday, August 21, 2013

No Trades for WED August 21, 2013



Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Monday, August 19, 2013

No Trades for TUE August 20, 2013

RTS-OS Portfolio and Trades
No Trades - RTS-OS short stocks (except for VXX) were decimated today.

50 D-SMA did not hold for SPX as I thought it would, however, I could see BM was just pushing indices down to shake weak longs to sell and trap premabears to short.   Major indices were down between 0.50% to 1.0% while nearly all high beta stocks (AAPL, AMZN, BIDU, CMG, FB, GILD, GOOG, ISRG, LNKD, NFLX, TSLA ..) were up.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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50 D-SMA Very Likely Will Hold


There has been hardly any selling by BM during the current sell off. Chances are good that 50 D-SMA support for SPX holds, on closing basis, during the next couple of weeks of choppy trading.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Thursday, August 15, 2013

Trades for FRI August16, 2013

RTS-OS Portfolio and Trades
RTS-OS Sells HPQ and Buys P at the Open; Covers ABX and shorts EXPE at the Open

Today was actually an interesting day. They were unloading small caps, but the move in cash indices were all on the back of selling (hedging) SPX and NDX futures. My guess, between now and labor day, is that we move up to back test the trading range (1670 to 1710) with big caps leading. Also, keep in mind that we have opex this week and we are experiencing extra volatility due to low volume.  My conclusion is that we are at or very near a short term bottom.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Wednesday, August 14, 2013

Trades for THR August15, 2013

RTS-OS Portfolio and Trades
RTS-OS Covers GDX and NEM at the Open; Shorts AGNC and WLT at the Open

Bull Flags (thick blue) on SPX Daily Price Chart


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Tuesday, August 13, 2013

Trades for WED August14, 2013

RTS-OS covers SLW and PBR.A at the open; shorts AGNC and KBH (no free shares available for LINE, updated on 8/14, 5:50 AM PST) JCP and VXX at the open.

Bull flags have been formed in all major indices price charts.   RUT and NAZ broke out of their bull flag formations today and started trading higher.   Chances are excellent that other indices follow those two leaders tomorrow. 

The action between now and end of August is going to be very choppy due to the low volume of trading.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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Monday, August 12, 2013

Trades for TUE August13, 2013

RTS-OS covers EXPE and shorts LINE (no free shares available for LINE, updated on 8/13, 5:52 AM PST) PBR.A at the open


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.
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