NEW TRADES ARE UP

FOR NEW SUBSCRIBERS LIMIT ORDER<$28.50  means enter the trade above $28.50, unless otherwise noted, this includes intraday prices

AT MARET means at the open, at market price.

Stops-are suggestions, modify them to fit your trading style. I'm always available to bounce an idea off.

Unless otherwise noted, stops are never put in the system-no orders are put in the system until execution, keep them mental or as notes. Stops should be executed as close to the close of the trading day as possible. Intraday volatility will stop you out to often.

A Lot of Charts-A Lot More Information

Above are 3 1 hour 3C charts showing the SPY, DIA and QQQQ. The red arrows point to a divergence indicating distribution and an eventual turn down. The white arrow is late August accumulation when shorts were very thick in the market. The next red arrow from there shows another negative divergence as that inventory is sold and most probably they are now short. 3C is a proprietary indicator put together using TeleChart's "Custom Indicator" function.

The charts below will show 1 or 3 different things Institutional Holdings, Insider Holdings and Short Interest. Institutional Holdings will be on every chart, they will always be on the top. Pay attention to what 3C is saying above and what StockFinder's Institutional Holdings Indicator is saying. These are important companies and several like AAPL and GOOG have been used recently to move the market due to their weighting on the averages.

AMGN

AAPL

APA

AMZN

BMY

CAT

COST

CSCO

CVX

EMC

GOOG

GRMN

GS

IBM

INTC

KO

MA

MCD

MMM

MO

MRK

MSFT

ORCL

PCLN

PG

QCOM

T

VZ

WMT

XOM

As you can see, these stocks have been under distribution for sometime. This is what causes a negative divergence, rising prices, while institutional money is selling, this can only go on for so long before there's a reversal in stock prices as you can see in the 3C charts at the top. In most cases, the institutional holdings have seen a sharp drop into prices. They'll be updated to fill in the gap you see of a week next Saturday.

Looking at this chart of a WVAP (Volume Weighted Average Price) for Friday I found it surprising that it did not rise dramatically, it barely went up at all and it only takes about 3 bars to turn from a downtrend to an uptrend.

This taken with the 3C charts I posted on Friday, "The C's"  is certainly interesting, not to mention what appeared to be defense of a short position on the 3 later afternoon breakouts, the upside rally volume was light, the downside sell volume was heavy, heavier then I'd expect. I have a feeling Mr. Tepper gamed the market on Friday. We have some important reports coming out this week, including GDP which was prefaced by a couple of strange statements from the Fed. However, you must always think of all possible outcomes and how you will react to each BEFORE they occur. If you haven't read it in awhile, please refer to my RISK MANAGEMENT article linked on the site.

If you think the market isn't routinely gamed by Hedge Fund Managers, watch this video again.

To use these indicators, checkout

Wall Street 2, Money Never Sleeps

I just saw the movie tonight, our first date night in quite awhile. It was centered on the 2008 crash of Wall Street and there were obvious hints at the failure of banks like Bear Streans and Leehman Brothers, a fairly obvious company with the initials CS behind the demise of one the banks-similar to GS which was thought to have spread rumors and selling short the banks. Also there was a suicide on the train tracks, perhaps a reference to  KIRK STEPHONSON or several other suicides related to these firm's collapse.

Overall Oliver avoided any possible law suits, but the innuendo was strong enough to give you an idea of who was who in the zoo. I'm sure others who see the film can make the connections better then I.

Overall-the first Wall Street was better.

I think Oliver Stone could have done a much better job with the film considering that historic year. I give 2 stars of five.

Stay tuned for a market post coming up with some interesting twists and turns.