Jim's cycle trades

Flat into the weekend

I need to clear my head.....and play some poker.

What stocks you holding short?

Just curious, thanks...

S&P 500 stopped at 200 day ma

as good a place as any to stop the advance....I bet we revisit the lows going into the Fed meeting.....but since everyone knows what the Fed is going to do, it may be anticlimactic allowing the markets to rally again after the meeting.

Here's another scenario

I am full of them lately......The Dow trades in a range with the recent lows holding and 11200 acting as resistance......here's the issue, there's so much money floating around, where's it going to go? It won't go to bonds as they're heading south....It won't go back to realestate anytime soon....so, we're left with equities and Picasso paintings......I am a big fan of Picasso's rose period.....

Dow is regaining 200 day moving average

The top of the old channel is 11200....It seems to be dancing with the 40 week moving average right now.....Real curious about today's volume at the close....this feels like a counter trend rally.....

Dow

Jim,

What you think 10,000-10,500 between now and Sept. ?

Shorting weak charts

Started new short positions in WLP, IWS and CLX

[lemonjello]

never happens

Didn't NKE chart break down a few days ago and then they come out with the AAPL NKE agreement which popped the stock right on schedule to roast some people? Naw, they don't look at charts.

Now that's timely.....QCOM is sitting on a multiyear trendline and then out out of the blue, they come out with some positive news....I don't expect it to have a lasting affect, but these guys get and A for effort.

Shooting at stocks indiscriminately

I am now just looking for stocks that have points that can be given up

Bulls focus on earnings

But the problem is not earnings but rather what the market wants to pay for earnings....with a rising rate environment, the market wants to pay less.....This is a secular bear market characterized by falling PE ratios, IMO.

QCOM....these guys read charts

Now that's timely.....QCOM is sitting on a multiyear trendline and then out out of the blue, they come out with some positive news....I don't expect it to have a lasting affect, but these guys get and A for effort.

[Websman]

This stock is just starting to break down from a huge bear flag on the weekly chart....I've started a short position at $40.37.....My downside target is $17.

Nice short pick Jim. All the VTP indicators show this one going down. I may short IRF myself. Thanks for bringing it to our attention.

IRF.....busting the bear flag

This stock is just starting to break down from a huge bear flag on the weekly chart....I've started a short position at $40.37.....My downside target is $17.

adding to short plays

Currently short QQQQ, IWM, CI, BGC, WFT, DO...

CI...changing mind on this pig

CI is now looking like a big bear flag......The downside into October could be horrific like $57