Monday, July 13, 2009

Push Sisyphus, PUSH!! ~ Exxon Mobil Corporation (Public, NYSE:XOM)

+0.58 (+0.89%)


1.13 + 0.03 (+2.73%)

... is it just me, or does this push higher feel a bit pointless? ... yet, we stay LONG. go figure.

the MAGIC 87 holds!

HK 19.79 +0.35 (+1.80%) ** faith in FLOYD from $19
AAPL 142.34 +3.82 (+2.76%) ** from the line
ESLR 2.05 +0.06 (+3.02%) ** from $1.98
CSIQ 10.13 +0.31 (+3.16%) ** from $10
AKS 16.40 +0.51 (+3.21%) ** from $16
BZH 1.85 +0.15 (+8.82%) **10%+ locked in
LCC 2.11 +0.05 (+2.43%) **spec long ~ down
UAUA 3.31 +0.05 (+1.53%) **spec long ~ up

p.s. our whole Magic 87 = get LONG "abandoned baby/island reversal/morning doji star" thesis was slightly off, but with SPY 90.10 +2.14 (2.44%) hopefully you had a profitable day!


BUY ON THE DIP said...

the short-ish list:

DZZ 21.77 -0.31 (-1.40%)*down
KGC 18.21 +0.43 (+2.42%)*up
JEC 38.02 +0.74 (+1.98%)*up

probably could/should have closed these out today as KGC & JEC were down 2.5% each, but they kept me warm during the morning selloff.

hedge on!

BUY ON THE DIP said...

Morning Doji Star

The black candlestick confirms that the decline remains in force and selling dominates. When the second candlestick gaps down, it provides further evidence of selling pressure. However, the decline ceases or slows significantly after the gap and a small candlestick forms. The small candlestick indicates indecision and a possible reversal of trend. If the small candlestick is a doji, the chances of a reversal increase. The third long white candlestick provides bullish confirmation of the reversal.

Bullish Abandoned Baby

The main difference between the morning doji star and the bullish abandoned baby are the gaps on either side of the doji. The first gap down signals that selling pressure remains strong. However, selling pressure eases and the security closes at or near the open, creating a doji. Following the doji, the gap up and long white candlestick indicate strong buying pressure and the reversal is complete. Further bullish confirmation is not required.

BUY ON THE DIP said...

guess i couldda held these XOM calls another day , eh?

1.40 +0.27 (+23.89%)