/tf 872.30 down .17% premarket.
BAC up 1.8% on news
Europe looks weak.
DDD +3.7% -- big story stock for 2012 and now 2013 continues.
Thinking 2013 winning sectors will be new ones -- maybe mortgage servicing, and possibly nat. gas names.
/gc falling back down.
Using the gap open as 0.00% from the start of the year on /tf -- fib target for pullback 1 would be 867.70. This is also the low of the day for last Thurs. so very strong target if sellers gain control.
PPHM -- +31% Noticed this on stocktwits. Whatever. Playing stocks under $2 is a good way to never get to CP.
/tf 872 -- this is a 'value' area so hard to really take action here -- will likely chop back and forth especially on low vol.
/tf 871.5 -- looks like a dip at the open
9;26: setting up for weak open -- not horrific... but pullback. IWM has a huge gap to fill extended. Tough tough tough to hold longs up here. Massive paper gains for so many.
VVUS +10% on news.
-1000 advn-decn -- strong selling but /tf rising off open -- odd.
heavy advn-decn -- AAPL 517 -- buyers still hoping here... but sellers in control.
/tf -- SLOPPY CHOPPY. if you can't see it -- don't do anything.
advn-decn improving, /zb at lows -- grinding up again... but really weak overall.
nat gas names -- excellent, along with coal.
/tf sloppy -- rangebound.
easy to get "bored" today and take a piss poor trade to "do something".
IWM -- mostly just a run to fill the opening gap down.... that might have been the top... but may not go anywhere today....
nat gas / coal so strong.... could support IWM.
/tf -- flopping over 11 am. looking for bottom of range -- retest lows.
WLT +6% coals rocking.
it's pretty clear today is not going to provide much reward or be 'easy'.
in a slow, rangebound market -- the way to win is to get responsive and look for a gravestone doji and take a chance. this opportunity came at 10:34 am. I noticed it real time but I did not act on it. /tf just touched 872 which is a fib level and I would think that would be the place to responsively cover instead of waiting for more downside.
/tf rainbow intraday.... coming soon.
/tf -- down TL broken 12:16 to 872...
/zb is green...
Sellers stronger. All major sectors red.
pipelines, coal -- this is the place to be in 2013 so far.
advn-decn -700 and push toward the double bottom again.... market really soft... I expect it to break through to downside soon. Still distributing.
Nat gas names like DVN also reversing.
biotechs: incy, sgen, amrn, celg pcyc --- another strong area.
trying not to fall asleep here...
caught 15 ticks on the midday break - was almost a perfect trade --- now back to 872 area.
so far buying the TL breaks -- 5/34 x-over mostly -- paid -- as usual -- going with the flow after a consolidation.
advn-decn - 363
/tf just about unchanged.... inside day. Nonetheless -- there was really 3 good opportunities today if you traded perfectly.