Hot Pick Of The Day

[spikefader]

...Spike is calling for a selloff.

Hi New-born.

Change of plans! Today Vector closed bullish. Which is good, cuz the TA for daily INDU is bullish, calling for impulse 3 up. So I am once again a bull. Good luck with your trades!

[billyjoe]

Newborn,
You can sleep well tonight. I've sold my GISX for 21.85....ZZZZZZZZZZZZ

---------billyjoe

[New-born baby]

Hi New-born.

Change of plans! Today Vector closed bullish. Which is good, cuz the TA for daily INDU is bullish, calling for impulse 3 up. So I am once again a bull. Good luck with your trades!

Wow! Major change of opinion! Me, I am looking for a 2-5% correction. Options expiration is Friday, and that is always a little shakey, one way or another.

[lemonjello]

AEPI going up - still no big volume

[skiracer]

AEPI going up - still no big volume

I thought it was a pretty decent call as to what to expect yesterday. Today's volume was more than 3 times average daily volume. Definitely an accumulation day. I wouldn't buy it tomorrow but I see the trend up continuing in this pattern.

[lemonjello]

Oops. You're right - big volume. I was looking at the weekly chart. Got to watch that. Good call. Looks like it's heading UP!

Funny that you could have gotten in on the breakout yesterday and the volume only comes in today. Stocks are weird that way.

I thought it was a pretty decent call as to what to expect yesterday. Today's volume was more than 3 times average daily volume. Definitely an accumulation day. I wouldn't buy it tomorrow but I see the trend up continuing in this pattern.

[Runner]

NB, do you think NGS might be trying to change character?

Not enough volume for me in this stock.

[spikefader]

Wow! Major change of opinion! Me, I am looking for a 2-5% correction. Options expiration is Friday, and that is always a little shakey, one way or another.

This is why I let Vector lead me. Weekly Vector threatens to close bullish tomorrow!!!!

[New-born baby]

This is why I let Vector lead me. Weekly Vector threatens to close bullish tomorrow!!!!

Super fine call, Spike (as usual). Ain't wrong too often, are you? Thanks for posting!

[lemonjello]

Spike,

Is Vector top secret or can you give us an idea what informs it?

This is why I let Vector lead me. Weekly Vector threatens to close bullish tomorrow!!!!

[Runner]

NB, what is your chart read on EBAY?

[New-born baby]

NB, what is your chart read on EBAY?

EBAY doesn't look very bullish to me. Right now EBAY is in no man's land, imho. A move above $34 on volume is bullish, but I don't think she makes it no how, no way. EBAY could bounce at $28; perhaps a short here looking to cover at $28 would be appropriate, and then turn around and take her long. If $28 fails, then it looks like a cinch that $24- is in the cards, and that would make a double bottom buying opportunity.

Me, I think the market corrects here soon and the bias for most trades would be short. I don't like a short here to target just $28 because r/r is too small, imho. Here's a chart:

[Tatnic]

EBAY doesn't look very bullish to me. Right now EBAY is in no man's land, imho. A move above $34 on volume is bullish, but I don't think she makes it no how, no way. EBAY could bounce at $28; perhaps a short here looking to cover at $28 would be appropriate, and then turn around and take her long. If $28 fails, then it looks like a cinch that $24- is in the cards, and that would make a double bottom buying opportunity.

Me, I think the market corrects here soon and the bias for most trades would be short. I don't like a short here to target just $28 because r/r is too small, imho. Here's a chart:

I agree 90% with NBB's take on EBAY. Nicely read Dude. I too have ebay on my alert list for a break above 34...but that could take months to happen. And I also agree with him that its hardly worth a short since support is so close at hand. A big yawner all in all. Much better opportunities out there.

[Runner]

NB and Tatnic thanks for your chart read. I thought EBAY was in a sHs pattern with a bust down under neckline at 31.23 the other day. Pattern not perfect but that is what I thought it was.

[IIC]

I really don't understand how some of you come up with your support/resistance lines???