Title: Is the NASDAQ Now in Thin Air?

"Of the three major indexes we track: DOW, NASDAQ and the S&P 500, only the NASDAQ is in thin air.

What do I mean by thin air? So far the NASDAQ is the only index to make it past the 50% Fibonacci retracement levels as measured from the highs seen in 2007 and the lows that were made in March of this year.

Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level."

Here is a great analysis video about NASDAQ compare with the rest of the index! Great video! ENJOY everyone.

overnight positions

Shorting STEC overnight! Have a great weekend folks!

STEC chart update

Threatening bottom trendline.

Overnight positions chart updates / SPX updates

SCLX


CPSL



SPX update:

3 Year Chart - SPX Hitting the Trendline(SPX -1100 from the Peak of 2007)



YTD 2009 Chart

Here is an update on SPX vs MACD (Alerted on Oct 1st)

Overnight positions

Bought SCLX and CPSL for a bounce play.

Overnight positions chart updates

GBCI


STEC


CYOU


Follow me on twitter (@tradermarket247)for instance intraday LONG/SHORT alert.

Overnight

Glad I stay until close today and shorted a few names during final hour. CYOU STEC NAL. The SPS is sitting at immediate support of 1080, so I do not want to mess around too much.

I kept a small short position on CYOU GBCI and STEC. They are pretty much 1/3 of my original position. See what happens tomorrow. I will update more charts later tonight.

ZHNE Beat Earning.

I bought small a position right before close for a gamble. The stock beat earnings afterhour.See what happens tomorrow.

The Ultimate Cheapies!

If you have been following me on twitter, you should know that I have been riding CNOA from 0.55 and I still own it. YES $0.55. I just realize that there are many Chinese mircocaps stock were breaking out this week (Some when up four folds, 400% return in five days). Here are few examples of stocks that brokeout and continue to move up in the past few days. They are: CHFI MYST JADA and CNOA (Again, I still have CNOA from 0.55) and CTDC

CHFI


CNOA


CTDC


MYST


JADA


I have begin a full search on all those Chinese Microcaps stock and see if there are still good setups for me to milk a few pennies. Here are some names I found(Notice most of the setups are not as good as the one shown above, but still worth to pay attention to.)

CCTR CPHI CKGT CIIC CYXN LTUS LWLL SCLX

CCTR


CPHI


CKGT


CIIC


CYXN


LTUS


LWLL


SCLX


Listen, these plays are not for everyone. I suggest you not to touch them if you do not know what you are doing. I am not expecting all of them will play out, but the point is, this could be a great learning experience to be able to observe changes in the market/sector and benefit from it.

BPAX GRRF HGSI setups

GRRF


BPAX


HGSI

Chart update / Trading ideas

Chart update ====

SDRG


Trading ideas ====

ZIOP


CERS

AAPL IS BACK!!

At one point the stock gapped to $204.85 after earnings. For those of you who are still holding AAPL from the peak of 2007. All I want to say is"Congradulations, you are one amazing value investor"

Overnight positions

I'll keep SDRG (yes penny stocks are very dangerous) overnight from $0.299

I dont want to mess around too much during earning season. Also my apology that I haven't been updating charts intraday. Try follow me on twitter to get instance alert (@tradermarket247).

Will update charts tonight!

Don't forget to enjoy AAPL's earning afterhour! That should set the tone for tomorrow.

LONG/SHORT Trading ideas!

LONG:

CERS


SHORT:

GBCI


NAL


PNFP


RGC


RST


Do watch out for earnings because that could change the setup. Leave me comments if you have any questions! Good luck folks!