The Stock Market Thread

[Voltrons_Head]

With some luck this can become out higher low on the daily then we can continue higher. The market responded very well to the gap down so far.

[Comp4k]

nice reversal by fslr

[Voltrons_Head]

^Awesome reversal by the entire market.

[skiracerblah]

Got a sell signal in my SPY tactical strategy. Too bad i'm currently 100% cash at the moment...

[Raacerx]

Anyone watching COST?

$7 special dividend, just shot up over 5%

[skiracerblah]

Anyone watching COST?

$7 special dividend, just shot up over 5%

Probably see more of this from other companies so they can pay out dividends in case the Fiscal Cliff doesn't pass. I think LVS just did the same thing recently:


http://blogs.barrons.com/incomeinves...d=yahoobarrons

[Comp4k]

PCLN and FOSL moving higher :)

[Voltrons_Head]

lol. I just came here to ask if you got PCLN.

[Comp4k]

lol. I just came here to ask if you got PCLN.

5 shares haha

[skiracerblah]

Aw fudge, that large block trade i did in SCHZ recently triggered some stoopid SEC rule called Rule 13H-1
http://www.faegrebd.com/13679

I'm supposed to register with the SEC now... ugh... Some new rule the SEC adopted after the flash crash...

[Comp4k]

My IRA holdings of LLY and PFE doing nicely today as well.

[JEmm]

Just got an offer from JPM for a back office corp development rotational program. Private Bank analyst class is "very full" so I'm thinking I might take it.

[Comp4k]

Just got an offer from JPM for a back office corp development rotational program. Private Bank analyst class is "very full" so I'm thinking I might take it.

Congrats on the job offer!

[skiracerblah]

Just got an offer from JPM for a back office corp development rotational program. Private Bank analyst class is "very full" so I'm thinking I might take it.

Sounds like a good program if they rotate you amongst departments. If they eventually dump you into their "broker" program, don't accept it....

[AudiA4_20T]

Just got an offer from JPM for a back office corp development rotational program. Private Bank analyst class is "very full" so I'm thinking I might take it.

pretty sure my buddies dad hooked a few people up that I know, might be able to get you some numbers to ask some questions. It's more operations based right?

[skiracerblah]

Oh, FYI in the Wall Street world, once you're in the back-office, its extremely hard to get out to work in the front-office (trading desk).... Ask anybody who's in the business and they'll tell you the same..

[Raacerx]

Please tell me someone saw this: http://www.huffingtonpost.com/2012/1...small-business

Medbox, share price went from $42 to $215 before the company released a statement saying that was drastically overvalued.

To quote from the article; ‎"I'm thinking pot smokers shouldn't trade stocks," wrote one former hedge fund manager on Sunday.

[Voltrons_Head]

Anyone watching COST?

$7 special dividend, just shot up over 5%

Probably see more of this from other companies so they can pay out dividends in case the Fiscal Cliff doesn't pass. I think LVS just did the same thing recently:


http://blogs.barrons.com/incomeinves...d=yahoobarrons

Don't tell JPT or 1997GTX. They're convinced that you can raise taxes and it will raise revenue proportionately.

[Comp4k]

INTC inverse head and shoulders on hourly charts.
Man, I wish I had more cash to buy these stocks! Kinda scared of using margin....

[Voltrons_Head]

Lots of stocks are shaping up nicely.

[Raacerx]

Lots of stocks are shaping up nicely.

My portfolio is positive for the first time in months.

Just need Pier 1 to pick up and I'll be juiced.

[Alkivar]

Aw fudge, that large block trade i did in SCHZ recently triggered some stoopid SEC rule called Rule 13H-1
http://www.faegrebd.com/13679

I'm supposed to register with the SEC now... ugh... Some new rule the SEC adopted after the flash crash...

equal to or greater than either (i) 2 million shares or $20 million per calendar day; or (ii) 20 million shares or $200 million per calendar month

you broke these limits in 1 day?

[skiracerblah]

equal to or greater than either (i) 2 million shares or $20 million per calendar day; or (ii) 20 million shares or $200 million per calendar month

you broke these limits in 1 day?

Ya, look at the volume on Nov 19th vs the other days here http://finance.yahoo.com/q/hp?s=SCHZ+Historical+Prices

[JEmm]

Congrats on the job offer!

Thanks man! Feels nice to have the first one out of the way.

Sounds like a good program if they rotate you amongst departments. If they eventually dump you into their "broker" program, don't accept it....

Yea, it seems like a good program. A little more support/accounting based than I'd like but I can't be too picky right now.

pretty sure my buddies dad hooked a few people up that I know, might be able to get you some numbers to ask some questions. It's more operations based right?

I have a good amount of contacts at JPM but if it never hurts to talk to more people. Yea, it's an operations rotational.

Oh, FYI in the Wall Street world, once you're in the back-office, its extremely hard to get out to work in the front-office (trading desk).... Ask anybody who's in the business and they'll tell you the same..

Yea, but I'm hoping that it will be a good transition between undergrad and graduate. I'm not trying to be on a trading desk, more interested in an investment management type role. We'll see though, gonna wait to read over the formal offer letter before I make any decisions - just felt nice to get that first offer on the table haha

[JEmm]

Ya, look at the volume on Nov 19th vs the other days here http://finance.yahoo.com/q/hp?s=SCHZ+Historical+Prices

hahaha love those. Over the summer one of the advisors was telling me how he was putting in a large option order for the hedge fund one day and as they put the order through it popped up on CNBC because it was a "large order for a specific contract for that security".

[Alkivar]

Ya, look at the volume on Nov 19th vs the other days here http://finance.yahoo.com/q/hp?s=SCHZ+Historical+Prices

still under 1mil volume for that day... so you didnt break the 2mil per day... and based on the entire volume listed there i dont see 20 million for the calendar month.

[Voltrons_Head]

NOV 28, 2012

SPY | 141.46 | UP | 1.13 | 0.81%
+12.72% YTD

NYSE Volume: UP
NASDAQ Volume: DOWN

Distribution Days: (What's a distribution day?) (What's a follow-through day?)
S&P 500 - 1
NASDAQ - 1
NYSE - 2

NYSE Advancers 2025
NYSE Decliners: 946

Notable Outperformer: RTH
Notable Underperformer: GLD
(What's this?)

Dominant Price/Volume Relationship: NA (What's this)

There was no dominant price/volume relationship today. PUVU and PUVD both had ~1000 issues but neither enough to be dominant over one another. The take from this? A shit ton of stocks were higher today.

IBD Current Outlook: (Why is the trend important?) 1, 2, 3
Confirmed Uptrend

SPY - Weekly

Market Uptrend



SPY - Daily

Big upside reversal after testing an important level. A ~1.7% rally from the lows of the day to close near the highs. Market internals were bullish and it appears that we've created the higher low we've been looking for on the daily. QQQ regained the 200 day MA ever so slightly.



SPY - 30 Minute

Yesterday we were left closing on the lows and looking for a test of the neckline of the IHS we broke out of. A gap down in the AM brought us that test. We undercut the neckline for ~30 minutes then roared higher in swift trade. This gives us our daily higher low and closing on the highs sets us up for more up side action.

Leading stocks behave well and while breakouts haven't been the best, they should improve as the rally stiffens. Headline risk continues as the political clowns give us lip service but it needs to be tuned out and we need to focus on price.



10 Strongest Equities Updated Weekly
DDD
KORS
FLT
RGR
MLNX
CVLT
V
OCN
RMD
ARMH

[skiracerblah]

still under 1mil volume for that day... so you didnt break the 2mil per day... and based on the entire volume listed there i dont see 20 million for the calendar month.

The trade was over $20million that day...

[Voltrons_Head]

Congrats Jeff! Good luck.

[Voltrons_Head]

The trade was over $20million that day...

Maybe Jon doesn't realize that you work for an institution and thinks that this is your personal trading. That would be a ton of wo!

[skiracerblah]

Maybe Jon doesn't realize that you work for an institution and thinks that this is your personal trading. That would be a ton of wo!

That was my personal account yo. That's how i roll!

[Voltrons_Head]

When I tell people that I work for myself as an equities trader I get the impression that they think I'm running around with Gordon Gecko suspenders and making huge trades. If they only knew that I was in my sweatpants making trades like the HTZ trade from earlier I think they'd be disappointed.

[skiracerblah]

When I tell people that I work for myself as an equities trader I get the impression that they think I'm running around with Gordon Gecko suspenders and making huge trades. If they only knew that I was in my sweatpants making trades like the HTZ trade from earlier I think they'd be disappointed.

LOL... I was unemployed for 2 years during the 2008 credit crunch. I was day/swing trading to survive during those times. So, to prevent a gap of unemployment, i put "proprietary trader" on my resume during that time period.

[JBM]

When I was actively trading back during the crisis I got a weird call from Fidelity I think or it was on the behalf asking about my trading and everything. At first I was a lil skeptical about it but then they assured me it was a recruiting call. They said that they were watching my trading and was very interested in recruitment as I had a 10 to 1 win factor on trades over 25% (It was during the period of 300+ day swings) and that my account's activity was phenomenal (I was short/longing banks/GM/housing like it was my job) and I had to tell them that I was contracted to the Navy for 5 years...

since then my trading has slowed down but still active. Given that I am out on deployment I do covered calls and cash secured puts and pulling roughly 2% monthly on that without a loss so far in the past 18 months (Note: I do not sell the stocks that I am exercised until I have made my 2.5% ie the stocks lose value but I just write covered calls until they expire or exercised). It has been not bad but over the Christmas break i will be fishing with the daily options...oh i cannot wait.

[Alkivar]

The trade was over $20million that day...

I'm an idiot... I just realized what I was doing wrong. My bad.

I was comparing the amount of profit you made to the limit... not the share price to the limit...

[skiracerblah]

[Comp4k]

Futures up nicely

[Voltrons_Head]

WTF is this?

[Voltrons_Head]

CRM - Salesforce

Up over 8% to over $156. I have 10 shares. Anyone have any insight? I've been sitting on this for quite some time, bought @ $154 and then dropped with google.

I wouldn't make anything really now, but would free up a good bit of cash for other stuff.

I'd keep CRM for now. Very close to all time highs and if it can make new highs it could start a new leg higher.

I think you should still continue to hold this thing. Looks like it's about to get going real good.

[Comp4k]

Sold PCLN, bought CRM.