Archive for September, 2009

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    Stock Market Video Analysis 9/18/09
    , September 18th, 2009 at 4:25 pm

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    Midday Video Update 9/18/09
    , September 18th, 2009 at 11:54 am

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  • S&P 500 Morning Analysis 9/18/09
    , September 18th, 2009 at 8:49 am

    It is often said that “all gaps get filled” That is simply not true, what about the gap in AMZN in January, or the gaps lower in many stocks which are still 60+% off their highs? Even in the SPY, we can see that it has taken a full year to come back to the scene of the gap lower from 110. Maybe this gap will get filled, it is working on it with yesterday’s push above 107.62 but does that mean you would have waited a year to trade the SPY? Of course not, focus on the short term trends which are clearly higher. Of note, but not reason for concern is the lower high the market seemed to have made intraday yesterday. If the SPY breks yesterday’s low it will add a lower high to that lower low which would put the short term trend lower, but with a rising 5DMA, short sales should be kept to daytrades.

  • S&P 500 Morning Analysis 9/18/09
    , September 18th, 2009 at 8:49 am

    It is often said that “all gaps get filled” That is simply not true, what about the gap in AMZN in January, or the gaps lower in many stocks which are still 60+% off their highs? Even in the SPY, we can see that it has taken a full year to come back to the scene of the gap lower from 110. Maybe this gap will get filled, it is working on it with yesterday’s push above 107.62 but does that mean you would have waited a year to trade the SPY? Of course not, focus on the short term trends which are clearly higher. Of note, but not reason for concern is the lower high the market seemed to have made intraday yesterday. If the SPY breks yesterday’s low it will add a lower high to that lower low which would put the short term trend lower, but with a rising 5DMA, short sales should be kept to daytrades.

  • Dendreon Corp
    , September 17th, 2009 at 8:22 pm

    Below is a compilation of my commentary to subscribers in DNDN. The first 1:19 of the video was from Monday night, I bought calls the following morning. The second part is from Wednesday night.

    Dendreon from brian shannon on Vimeo.


    Above is the side by side chart of the common stock on the left and the Dendreon September 25 calls I purchased Monday morning at 0.26 I sold seven of those calls on Tuesday at about 2.20 and held three of them until today and I sold one of them at 4.40 and the other two at 4.20.

    This was an unusually large percentage mover, once in a while you get lucky!

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    Watch Ideas for 9/18/09
    , September 17th, 2009 at 5:10 pm

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    Stock Market Video Analysis 9/17/09
    , September 17th, 2009 at 4:30 pm

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  • Free Money!!
    , September 17th, 2009 at 12:59 pm

    Pin your favorite financial page to the wall, take 10 steps backwards, place a blindfold over your eyes and throw a dart at the wall.  If you hit the paper, you can buy that stock, it doesnt matter what they do, just buy it, the stock  is guaranteed to go higher.  If you landed on a biotech stock you might even make 20, 50 or 100% today!!

    Everyone loves a bull market and this bull is kicking some major bear tail right now.  The velocity of this rally has reached an unsustainable pace and the name of the game is now protect your gains.  There is nothing in the current action of the market that suggests there will be a large correction from these levels but the higher we go, the further we get from solid support levels which means when a correction does come it is likely to be swift. Don’t become caught up in the emotional cycle which plagues most traders, instead look at the markets with a cold objective eye and manage risk, that is the job of a trader.

    CLICK CHART TO ENLARGE

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    Midday Video Update 9/17/09
    , September 17th, 2009 at 12:13 pm

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  • S&P 500 Morning Analysis 9/17/09
    , September 17th, 2009 at 8:17 am

    The current rally shows no signs of tiring but with an absence of any significant levels of potential support well below current prices, the market is stretched and new purchases become riskier. There are still stocks which are not so far extended from bases and those ones offer the best risk/reward in this environment. The market is rapidly coming up to the gap levels from last October and that is a potential area where the rally will encounter selling.