I've been a loyal follower of freetradingvideos.com since the beginning of summer. I've seen their daily analysis of the stock market and I just wanted to spread the word. These guys have made some of the best calls regarding where the market might be headed. The videos are very perceptive and educational and the best part is that they are free. Click the link below to watch the weekend edition of their videos:

http://www.freetradingvideos.com/vlog/default.asp


P.S. They point out1150 will be a major monthly resistance for the S&P500. That means we might be bearish for a week or two.


Peace,
FF

I tried technical analysis the first few months that I started trading and I hated it... What matters most is the fundamentals. I tend to invest for the long term and technicals to me is lot less important than what is happening to the economy, industry and the company in particular. But hey if it works for you, it works for you, right! Actually, it is not a bad idea to keep an eye on the techincals once in a while...
 

hmmm..

@II_II,
Fundamental analysis is there but look what happens with fundamentals. Goldman blew earnings off the charts but it's stock price dropped 4%. If you ignore the technicals, the market will crush you like a beast it is. That is the nature of the market.

Folks,
I believe it is the time to short the market. Wait a few days to get a bounce (if it does take place) and load up on short ETFs: SDS, QID, SRS, FAZ. Then we will see Dow down 200 points like today. Like I had mentioned1150 was a major resistance. We made a triple top on the hourly chart. You cannot, and I repeat ignore technical analysis. The volume on the up side has been very very light while sell volume is huge. This market has probably hit its highs for 2-3 weeks at least. Put stop losses and enjoy the ride. As D7 says, the markets fall 66% faster than when they rise.  Watch today's video on freetradingvideos.com



FF

FF,

The market is at 52-week high so I think shorting here is a bad idea. If you want to be short for quick trade, it is different but it is unlikely that the down move will be any significant. My target is 1200 on S&P. We may see 1100 or even 1080, but I do not think we'll go lower than 1080 before we get to 1200.

Emini,
I agree that 108 will be a great bounce opportunity for the SPY but I don't think we will hit 120 anytime soon. But right now is one of the sweetest opportunities to buy long stocks.

Mark my words folks. Best stock for at LEAST 20% gain in a month will be FSLR. I've been looking at this for some time and this is the juiciest trade in a long long time. I will explain why. Below is the Daily chart for FSLR. Look at support between 100-105. FSLR hasn't been this cheap since the March lows and at that time everyone was screaming 'meltdown.'  I am thinking in a few weeks it will cross get to 140.


Happy trading,

FF

hmmmmm

For you all who wish to trade daily/frequently and take advantage of instant market fluctuations, go right ahead with technicals. As I said before, I invest for long term. Moreover, GS stock going down had more to do with the recent news than anything else. A stock can go where ever but one truth remains that it has to come home to roost..
...and I have marked your word on FSLR on Jan 23rd.. :- p

Thanks.. Let's see FSLR...
Happy Trading...

I have seen nice run up on solar stocks today. FSLR would follow through in coming days, i believe.

I used to trade a lot of solar plays for more than couple of years. My experience is they r highly volatile. Good for options or day-trade. If u guys r making money on them, great. Thats what we r trying to do.

I have been playing some natural gas plays like CHK, DVN. Nat. Gas sector is in up-side run and nice cyclical play. If you can buy a break-out as eminitrader does, there is nothing better than that but if u can't, then, find some sectors and buy some good names in pullbacks and enjoy the ride to upside.

Happy Trading !!!!!

I have seen a lot of folks here play small caps. I will play a small cap every now and then, but it is no more than 10-15% of my portfolio. My small cap pick over the next few months is RPC. Today, it closed at $0.34. Target is $1.00 over the next few months. Warning: Small caps are very dangerous and you guys should use caution as the volatility is off the charts at times.

FF

FF,

Nice analysis and very well done. RPC certainly looks good. If people only learn how to draw trendlines properly, I think there is a chance to make really good money. Your trendlines are picture perfect.

I see some of the debates here about fundamentals and technicals. Price eventually moves towards the fundamental value but it is so hard to figure out the real value. Many stocks move because of human perception and psychology, so technicals are important too. The best bet in my opinion is to identify the long-term trend and buy pullbacks. If the market is above the 65 W MA, the trend is up and if the price is below it, the trend is down. 1080 should provide major support since we already broke 1100.

Let's get more discussions going and I will do my best to share what I know as long as this does not turn into another pissing contest.

S&P came to 1080 today.....I'm buying QQQQ here with a stop at 40.

Emini,
I think we will definitely retest 1080. Look at the volume in the sell side. Given tomorrow is Friday, we might see light volume with upside bias. If we close below 1080 with confirmation, we are headed much lower. Come Tuesday or Wednesday, we will truly know whether this was a correction or something much more. We might be seeing a trend reversal taking place. The high of 1150 should hold till March in my opinion.

FF

I'm not sure about re-testing 1080....may be we would but it is hard to tell. Regarding volume I do not place much emphasis on that. Usually heavy volumes take place either at the beginning or at the end. QQQQ is up 40c in premarket.

I should have known better. Never count your chicken before they are hatched. Still staying long..with a stop at 40.

Buy RPC.
Insider buying filed with SEC Form D today. The transaction is supposed to be of 3.66 million while the market cap of RPC is only 6 million. If this goes through in the near term, the stock price will explode. Luckily, the report came out at 2 pm today and the market did not seem to notice it.

Here's the link:
http://finance.aol.com/company/radient-pharmaceuticals-corporation/rpc/ase/D/10566172/html/sec-filings

P.S. I got in at 0.32 on Monday because I did some 'fundamental' analysis on this stock. The company is way undervalued. No wonder you see 'smart money' flowing through as you can see from the volume. Looks like there is more institutional buying to be done.

Regarding the market, I am still skeptical on the bounce we have had. If we pause for a day or two, then we should see further downside.

Good luck to you all.


FF

So, you are telling me that RPC is now controlled by this buyer? I don't get it... I have no idea what fundamental analysis you are talking about as their balance sheet is a complete mess.. I haven't done deep analysis but only in last quarter they had 18k cash in had vs current debt of over 2MM... They are being cited for possible delisting and have you read their business plan for continued listing? If not its here
 http://finance.yahoo.com/news/Radient-Pharmaceuticals-iw-4170966983.html?x=0&.v=1

Here is the zest...
The business plan includes, but is not limited to, securing additional
capital through equity financing and an equity line of credit; securing
shareholder approval for various debt for equity transactions to eliminate
the majority of RPC's near- and long-term debt; monetizing RPC's ownership
in its China-based subsidiary Jade Pharmaceuticals Inc.; advancing the
international commercialization of the Company's Onko-Sure� cancer test
kits, Onko-Care cancer test services and Elleuxe skin-care product line;
and instituting a new investor relations program to promote investor buying
in RPC.

I personally don't like investing in these small caps.. been there done that and got burned once. Still, I'd like to know more. Sell me on this, will you? This is how we debate and find better investments!

BTW the FLSR you mentioned earlier is doing pretty good, very volatile tho and I don't even want to venture to guess what the market will be doing in next couple of days as it is simply impossible.

Interesting thread... and I believe in  both quantitative and qualitative analysis... I have not yet found one quantitative style that has held up over time over qualitative though,  so am not sure I would base all my buy and sell decisions on numbers (both tech and fund) alone, as some of my peers here have emphasized. Are we focusing on day trading here, or is this more for long term investing?

But I can always learn. Will be following this one with interest.