Oct
7

Doldrums (RGR, VMW)

Charts and Coffee on October 7th, 2009 at 10:23 am Central Time

I’ve found very little to trade today. That doesn’t come as a surprise since we have not yet broken out of the overnight trading range.

For those not already short RGR, a great low risk short entry off the retest of the symmetrical triangle breakdown. I think you can enter at $12.70 with a stop [...]

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Oct
7

Pre-Market: October 7, 2009

Charts and Coffee on October 7th, 2009 at 5:33 am Central Time

Earnings are out from MON (Materials/Agriculture) , WWW (Textiles/Apparel), COST (Retail), FDO (Retail) and AYI (Home Furnishings).
Based solely on the pre-market reaction, the reports look good and all of these stocks are headed higher (except WWW which is not yet trading). While none of these names carry the weight of a GE or Fedex in [...]

More on this topic (What's this?)
Costco Breaking Out on its Fifth Attempt (COST) (Epiphany Investing, 8/27/09)
Bookkeeping: Short Costco (COST) (Fund my Mutual Fund, 9/8/09)
THE 8 BENEFICIARIES OF FURTHER COST CUTTING (THE PRAGMATIC CAPITALIST, 12/17/09)
A trip to Costco (The Mess That Greenspan Made, 8/28/09)
Read more on Costco Wholesale at Wikinvest

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AA, AYI, COST, ES, FDO, MON, WWW Comments
Jul
14

Head and Shoulders Not Worth It

Charts and Coffee on July 14th, 2009 at 6:01 pm Central Time

This ES chart reflects the juice from the “good” Intel earnings report. We’ll all be watching 925. I think this ends up breaking down, but not before shorts and longs alike get knocked around.
I will only be taking my highest quality setups until we get out of whipsaw mode. The head and shoulders in itself [...]

More on this topic (What's this?)
The Validity of Head and Shoulders Patterns (Condor Options, 7/16/09)
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Head and Shoulders Anyone? (Naked Hedge Fund, 9/3/09)
Head and Shoulders Pattern – S&P 500 (Stock Market Analysis, Trading, ..., 7/9/09)
Read more on Head and shoulders at Wikinvest

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ES, FXY, IAT, LL, SNX Comments
Jul
13

Goldman Earnings; Execution/Protrusions

Charts and Coffee on July 13th, 2009 at 5:48 pm Central Time

Well, as I mentioned on Friday (http://chartsandcoffee.blogspot.com/2009/07/goldman-sachs-earnings.html),it seemed almost like destiny that GS would make a run up to resistance at $150. I couldn’t predict that Meredith Whitney would come out before the bell today and talk up financials (or at least, this was the way the media reported it). We’re now at $150 a [...]

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ES, GS, IAT Comments
Jul
7

Riding the ES

Charts and Coffee on July 7th, 2009 at 4:17 am Central Time

Riding the ES this morning on the breakout over 896.
I also closed my FAZ position. I don’t want to be part of the reverse split.

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ES Comments
Jul
5

ES – 885 Level

Charts and Coffee on July 5th, 2009 at 2:00 pm Central Time

An active ES trade tonight. It will get real interesting if 885 is broken.

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ES Comments
Jul
2

Nighttime ES Traders

Charts and Coffee on July 2nd, 2009 at 4:51 am Central Time

Congratulations to those that caught an easy 6 ES points last night. I unfortunately fell asleep. It was a beautiful trade for those that caught it last night.

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ES Comments
Feb
16

(DBA) Agriculture, ES and Donald Trump

Charts and Coffee on February 16th, 2009 at 7:01 pm Central Time

Looks like the “business guru” has another one of his companies filing for bankruptcy again. How many bankruptcies does it take before people stop listening to this guy? If he wasn’t born with a silver spoon in his mouth, I highly doubt that he would have made a dime.
For those looking for some potential long [...]

More on this topic (What's this?)
Buy Signal for Ag's???? (Erik's market view, 3/17/09)
Gold vrs Ags (2 week update) (Erik's market view, 4/6/09)
Should Have Been Here Forever (LOLFed, 11/19/08)
Fees Up On Some PowerShares DB ETFs (Index Universe, 12/9/09)
Read more on PowerShares DB Agricultural Fund (DBA) at Wikinvest

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DBA, ES, Trump Comments
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