tag:blogger.com,1999:blog-8084606426992105990.post785129941157573430..comments2023-10-29T06:32:19.009-04:00Comments on The Keystone Speculator™: Keystone's Midday Market Action 6/6/13Keystone Speculatorhttp://www.blogger.com/profile/15343512310307344717noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-8084606426992105990.post-44523426274758250672013-06-07T04:44:58.769-04:002013-06-07T04:44:58.769-04:00@ Anon:
without that strong up move from yesterda...@ Anon: <br />without that strong up move from yesterday - that would have been the eleventh down days (with a break of strong support area) - and that could have met some follow-through down on Friday (thus the 12th day). <br />That would have sealed a strong break of the support channel of the up trend from Nov'12 (thus a trend changer) . Do you understand? <br /><br />But NO! Yesterday was a strong up day and that should rise some question marks around the heads of bears! Because data is sent to special guys 24 hours prior to rest of the market! <br /><br />The action during the second half of yesterday should rise BIG question marks in the heads of those who are short! <br />Also, today is EOW - end of week.<br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-24087398562069536932013-06-07T04:39:01.150-04:002013-06-07T04:39:01.150-04:00ARUN looks too psycho, FIO appears interesting.ARUN looks too psycho, FIO appears interesting.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-31183334759646470202013-06-07T04:37:34.309-04:002013-06-07T04:37:34.309-04:0060-minute with 200 EMA was updated today (Friday),...60-minute with 200 EMA was updated today (Friday), Keybot's site is updated as well. Usually breaks of support and resistance allow 7 to 10 minutes, if it holds then price is set to move in that direction to the new support or resistance level. You should be able to bring up the minute and hourly charts from your trading platform. Stockcharts.com provides all the charts in the shorter time frames but this is with a subscription.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-77454268699027758432013-06-07T04:34:53.814-04:002013-06-07T04:34:53.814-04:00UTIL 480.83 and 477.91 and JJC 41.38 are more impo...UTIL 480.83 and 477.91 and JJC 41.38 are more important. Volatility may stay elevated for a while and stay in the bear camp.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-16997935992674505542013-06-07T03:04:59.637-04:002013-06-07T03:04:59.637-04:00V, what are u trying to say?
what do you mean by ...V, what are u trying to say? <br />what do you mean by long term trend reversal? I am not following..please explain. Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-32956452392851445572013-06-07T02:24:04.451-04:002013-06-07T02:24:04.451-04:00@ all:
one more information to consider:
on the ...@ all: <br />one more information to consider: <br />on the daily chart there were 11 bearish days ... the period for a confirmed bearish pattern until exhaustion is 8-12 days. More than 12 days means medium to long term trend reversal. <br />Yesterday was the 11th day and the market action was telling. <br />Further upside after the employment reports and bears will have a true problem with some short-closing waves. <br /><br />V.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-37731369273524569952013-06-06T19:18:23.241-04:002013-06-06T19:18:23.241-04:00I want to thank KS for hosting a forum that is act...I want to thank KS for hosting a forum that is actually civil with a minimum of trolls and trash talk.<br />Anon, yes, I am playing the miners via NUGT, GDX and GDXJ. I exited NUGT a couple days ago at $12.23 for a nice gain, it dipped for a few days and then came back up to that level today. Truth be told I have traded both sides of the miners over the past month. My sense is the sector has bottomed but may noodle around for a couple of months or even take another hit to retest lows, so I'm playing small and short-term. That goes for all my trades at this point....Charles Hugh Smithhttps://www.blogger.com/profile/12991955853189070212noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-11368812392088698372013-06-06T18:15:15.866-04:002013-06-06T18:15:15.866-04:00@ Arnie:
spx closed at 1622.56 Arnie.
V. @ Arnie:<br />spx closed at 1622.56 Arnie. <br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-89148747166185750672013-06-06T18:05:28.600-04:002013-06-06T18:05:28.600-04:00KS,
What do you think of FIO and ARUN as potentia...KS,<br /><br />What do you think of FIO and ARUN as potential knife-catches, for someone willing to assume the risk?<br /><br />TWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-41967487538079759772013-06-06T17:39:47.736-04:002013-06-06T17:39:47.736-04:00Arnie, V, Charles, and of course Keystone, thank y...Arnie, V, Charles, and of course Keystone, thank you for all the posts. This information is fantastic, and I look forward every morning and throughout the day to continuing to learn from all your knowledge. Arnie, thanks for all the insight into your counts. <br /><br />Concerning projections, the 200-day EMA on the 30 minute chart had been listed as a key S/R over the last couple of days. KS, are you expecting us to touch this soon - potential a touch, followed by the drop Arnie mentioned? Is Keybot simply looking for a move above this number to flip long? Also, how long does one wait before assuming we've offically cleared a S/R (if we move above it by a point or two, how long does it have to stay there to legitimize the break of the S/R). Finally, where does one find the 30-minute chart - is the 200 day EMA still 1628.<br /><br />Thanks again, BKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-59798456100770092962013-06-06T17:34:12.438-04:002013-06-06T17:34:12.438-04:00KS,
What level of the $VIX would Keybot like to s...KS,<br /><br />What level of the $VIX would Keybot like to see for the bullish side?<br /><br />TWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-47924170181213064492013-06-06T17:24:16.983-04:002013-06-06T17:24:16.983-04:00Arnie, thank you for sharing your wave counts, you...Arnie, thank you for sharing your wave counts, you are just so precise and to the point. Anoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-90606408832687032862013-06-06T17:10:48.486-04:002013-06-06T17:10:48.486-04:00ps: not expecting the SPX to drop to mid-1500s tom...ps: not expecting the SPX to drop to mid-1500s tomorrow or day after that. It kinda reversed IMHO in no mans land (no real S/R levels); and I think it would want to test the 1578 +/- 5 area (maybe tomorrow/monday). That be massive support area from a pivot and EWT perspective... It would also rime with KS' 80/20 rule. Since it traded and closed below 1620, it will want to see 1580s...<br /><br />From that ~1578 level we should see a decent bounce to ~1640 again, IMHO, before the next decline to mid 1500s. That be a nice ABC and setting up nicely for the next run to 1700+Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-36463857849521165812013-06-06T17:03:29.207-04:002013-06-06T17:03:29.207-04:00Charles, thank you for the compliment; that means ...Charles, thank you for the compliment; that means a lot to me! Trust me; I've learned a lot from KS, noting where here enters and exits etc. I've also learned from others here, incl. you. And I continue to learn<br /><br />What I (prefer to) see now is that this rally of the 1598 low was a sucker c-wave rally. First blow some longs by dropping below 50d sma, then squeeze the shorts by closing green. Today's gains of ~25 points are right around my target of 20-30; so I will exit my SSO tomorrow morning. By now, I think we'll have one more lower low to come; possibly same level.<br /><br />my SSO trade today was mainly to hedge my SDS, which worked out great. <br /><br />I agree with your possibilities. Either way, both sides will be screwed as usual, 'cause that's how the market roles...Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-38141806989571109892013-06-06T17:01:45.592-04:002013-06-06T17:01:45.592-04:00Charles, are you still into gold miners? What is y...Charles, are you still into gold miners? What is your take? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-20574590694885079312013-06-06T16:43:38.400-04:002013-06-06T16:43:38.400-04:00Arnie, your summary of trading is one if the best ...Arnie, your summary of trading is one if the best I've ever read anywhere--if every new trader followed your wisdom, they'd be ahead of the game.<br /> Max pain trade--2 possibilities:<br />1. SPX opens up 20, causing shorts to cover and bulls to chase the runup<br />2. A pop to 1635 then a sharp decline head-fake that causes bears to go short and bulls to exit, followed by a quick 30 point rise that leaves both bulls and bears in the dust.Charles Hugh Smithhttps://www.blogger.com/profile/12991955853189070212noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-12748254006890187162013-06-06T16:17:52.286-04:002013-06-06T16:17:52.286-04:00Key, I like the way you express coffee! :) lolKey, I like the way you express coffee! :) lolAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-53892079453097710872013-06-06T16:08:44.448-04:002013-06-06T16:08:44.448-04:00We have been watching JO for hte last few weeks. T...We have been watching JO for hte last few weeks. The weekly and daily charts are washed out and it should be at a base right now. There can be fits and starts this is why Keystone has been moving in and out right now. For JO, price may come down to 26.60 again but anywhere in here is likely a good base moving forward. Perhaps coffee is only one news report away from a news story that says the weather or politics will hurt the coffee crop, or a bean virus hits. But the charts say that coffee has paid its dues and it should be sideways to sideways up for weeks, months perhaps a couple years ahead, just like when we watched natty gas in early 2012 and called the bottom in April-May 2012 due to the positive divergence. Time will tell. Keystone is drinking more coffee and passing out cans of Folgers and Maxwell House to help the trade out.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-46162289448535469152013-06-06T15:47:55.826-04:002013-06-06T15:47:55.826-04:00I'll take FULL OF SHIT for $500, Alex. Thank y...I'll take FULL OF SHIT for $500, Alex. Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-17190948762839006362013-06-06T15:40:05.209-04:002013-06-06T15:40:05.209-04:00KS-
Why coffee, its been in the garbage so long no...KS-<br />Why coffee, its been in the garbage so long now---why do you finally see it making a strong up move ?Roberthttps://www.blogger.com/profile/00312302955234587786noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-11361818608429144062013-06-06T14:48:34.964-04:002013-06-06T14:48:34.964-04:00@ Anon:
tomorrow report will be bad (and thus good...@ Anon:<br />tomorrow report will be bad (and thus good for a big market up move)<br />why? simple! <br />remember the ISM number on US services ? it was slightly better than expected.<br />BUT: when I've studied it better - the employment aspect draged in the ISM total number - I've discovered that although the expected employment in services subcomponent was expected at 51.4 it was ... 50.1.<br /><br />This number is an indicator of the employment figure tomorrow guys! <br />Cause in US 70% of jobs are in services, US only now wants to develop more jobs in manufactury area. <br />So: that's why the are BIG chances that tomorrow's employement number will be a lousy one (thus QE expectances rise=good for market).<br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-32823717789750039522013-06-06T14:42:02.830-04:002013-06-06T14:42:02.830-04:00ps: also note that I am a conservative trader (if ...ps: also note that I am a conservative trader (if you've traded long enough you've been slapped around hard enough to become conservative real quick; I am sure KS can agree); and I rather take 50-70% of each move with a very high degree of certainty, then trying to catch 80-90% of a move with much less... it's all about risk/reward and probabilities. in addition; counter trading can be costly, so one has to be extra careful, and extra conservative IMHO.Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-27264669811367926942013-06-06T14:38:25.785-04:002013-06-06T14:38:25.785-04:00V. i know that my earlier predictions were higher,...V. i know that my earlier predictions were higher, but I have to adjust according to the price action and this retrace is already 15-20 points deeper than I'd expected; hence I need to shave off 15-20 points of my price-prediction as well... Originally I thought 1625ish would hold, then 1615ish, now we're down to 1600s... this market is in a hurry and is scaring a lot of bulls out of there longs; trust me I am sure many have sell-orders at 1600 and 1597...Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-76414651000485167732013-06-06T14:32:57.732-04:002013-06-06T14:32:57.732-04:00If spx break 1613R, do you guys think this bounce ...If spx break 1613R, do you guys think this bounce may be for the job report tomorrow, then head south again on Monday? Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-7016837549826477332013-06-06T14:31:43.487-04:002013-06-06T14:31:43.487-04:00V., are u long?V., are u long?Anonymousnoreply@blogger.com