FDNYret

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About me Trader for over 30 years, know risk and enjoy taking risk for the right reasons. Have traded stocks, options and commodities. Presently long gold and short Facebook 5/31/15.
Last visit Joined 2 years ago Lake George, NY
Long Gold, Short Facebook
Markets Allocation
61 % stocks 39 % other
Top Mentioned Symbols
FB 61% | 11 XAUUSD 38% | 7
FDNYret FDNYret XAUUSD, D, Long , 2 years ago
XAUUSD: Gold will soar to higher highs.
48 2 0
XAUUSD, D Long
Gold will soar to higher highs.

Since last November Gold has made higher lows, $1130, $1142, $1162 and last week $1168. After the November low of $1130, Gold rallied to $1307 in January. Since that time Gold as been consolidating. After the low of $1142 on March 17, Gold has had 3 higher highs, $1219 on 3/26, $1224 on 4/6 and $1232 on 5/16. I expect Gold to rally above the last high to $1238. ...

FDNYret FDNYret FB, D, Short , 2 years ago
FB: Sell Facebook before the news is out
117 0 1
FB, D Short
Sell Facebook before the news is out

I'm short $FB with $89 puts that expire in few weeks, $87.5 puts that expire in August and whole assortment of other FB puts. IMO this is like trading with inside information, the news is available, but hidden well in Facebooks last 10K filing in January 2015. FB says " We are being examined by the IRS" in that filing. They also say "We are unable to estimate ...

FDNYret FDNYret XAUUSD, 60, Long , 2 years ago
XAUUSD: Long Gold, looks like the low is in today
52 0 0
XAUUSD, 60 Long
Long Gold, looks like the low is in today

I thought the low was in yesterday for Gold. Went long buying GLD July $113 calls. Today Gold was lower at $1176.18 2 hours ago. Since that low is higher than the low on 6/17 at $1176.16, if it holds as I expect, we should rally from here. I feel that Gold will rally soon to $1238, surpassing the high of $1232.30 on May 18. The GLD $113 July week 2 calls should go ...

FDNYret FDNYret XAUUSD, 60, Long , 2 years ago
XAUUSD: Sure looks like a bottom in Gold to me.
47 0 0
XAUUSD, 60 Long
Sure looks like a bottom in Gold to me.

Over the last few hours Gold has had a higher low of $1182.97 since the low of the day at $1182.08.The hammer at the bottom a few hours ago marked the low today. The Aroon down has come off its high and the Aroon up has come off its low. The Stochastic indicator is about to give a buy signal on an hourly chart. I'm long GLD July Week 2 113 calls that I bought ...

FDNYret FDNYret FB, D, Short , 2 years ago
FB: The perfect time to short Facebook is now.
136 0 0
FB, D Short
The perfect time to short Facebook is now.

FB has hit resistance at $83. Three times was not a charm for $FB as it could not close above $83. The daily stochastic indicates a sell today. My favorite indicator at present is the Aroon up, I use it to indicate tops in FB when it hit 100. It did hit 100 on Thursday and went lower on Friday. When it hits 0 in about 15 days, I expect FB to between $74 and $77. ...

FDNYret FDNYret FB, D, Short , 2 years ago
FB: Short Facebook ASAP and you will be glad you did in 15 days.
20 0 0
FB, D Short
Short Facebook ASAP and you will be glad you did in 15 days.

As far as I'm concerned the perfect buy and sell indicator is the Aroon up indicator. Sell Facebook when the Aroon up hit 100 and buy when the Aroon up hits 0. It gave a sell on last Thursday at 100. If you look at the daily chart here you will notice that the Aroon up gave a sell also at about the same price on 6/4. It hasn't given a buy signal so a short remains ...

FDNYret FDNYret FB, 45, Short , 2 years ago
FB: Facebook just retraced the high from 6/11 and the low yesterday
10 0 0
FB, 45 Short
Facebook just retraced the high from 6/11 and the low yesterday

The high was $82.89 and the low was $80.07, $81.48 is a 50% retracement. On a 45 minute chart $FB had a Doji at the retracement high. Also I notified another News outlet about the IRS audit of FB tax returns that is mentioned in their last 10K. The tax loss carryforward credits that FB has used and are not eligible for, will cause FB to restate earnings for the ...

FDNYret FDNYret XAUUSD, 45, Long , 2 years ago
XAUUSD: A hammer at the bottom of todays trading is a great place to go
43 0 1
XAUUSD, 45 Long
A hammer at the bottom of todays trading is a great place to go

The hammer at the bottom is a signal of a the bottom for Gold today. My target is $1200, Stop loss at $1175.90.When all looks gloomy , look for the break in the clouds. GL

FDNYret FDNYret XAUUSD, 240, Long , 2 years ago
XAUUSD: A Doji at the bottom of todays trading on a 4 hr chart
80 1 0
XAUUSD, 240 Long
A Doji at the bottom of todays trading on a 4 hr chart

The Doji marks the bottom of todays trading. Up, up and away gold soars. Expect a higher RSI than the last peak. $1202 is my target. The doji at the bottom on 6/5 saw Gold rise by $30 soon after. Good Luck

FDNYret FDNYret XAUUSD, 60, Long , 2 years ago
XAUUSD: Inverted head and shoulders pattern on 1 hr Gold chart
30 0 1
XAUUSD, 60 Long
Inverted head and shoulders pattern on 1 hr Gold chart

An inverted head and shoulders pattern is evident on a 1 hour chart. Neckline is at $1183.39, shoulders at $1181 and head at $1176-1177. RSI has been making higher lows on a weekly chart and daily chart. Daily RSI bottomed at 25.4 on 3/17/15 and at 36.5 on 6/5/15. Stochastic also indicates a buy on 1, 2, 3 and 4 hr chart. Aroon indicated a buy on 6/5 on a daily ...

FDNYret FDNYret FB, W, Short , 2 years ago
FB: Weekly Bearish Harami Cross, Daily Doji at a top indicates $FB f
17 0 1
FB, W Short
Weekly Bearish Harami Cross, Daily Doji at a top indicates $FB f

Fundamentally Facebook has serious problems. Their last 10k states " We are under examination by the IRS for 2008-2010. Our 2011-2014 Tax years remain subject to examination." This information is well hidden in the notes to financial statements in Income taxes. Evidently FB has taken tax credits on $3 billion of tax loss carryforward over the last 3 years, that ...

FDNYret FDNYret FB, W, Short , 2 years ago
FB: Bearish Harami Cross on weekly $FB chart and IRS examination
18 0 1
FB, W Short
Bearish Harami Cross on weekly $FB chart and IRS examination

FB should retreat to a lower weekly low next week with this Bearish Harami on a weekly chart. FB also mentions an examination by the IRS in their last 10K, which is questioning tax credits from a tax loss carryforward that is not allowed because of a change in ownership with FB's IPO. Sell $FB, this could turn FB's Profits into losses. The tax credits that FB used ...

FDNYret FDNYret FB, 30, Short , 2 years ago
FB: FB is being examined by the IRS, Billion of TAX credits at stake
52 0 1
FB, 30 Short
FB is being examined by the IRS, Billion of TAX credits at stake

The IRS has a rule about Tax loss carry forward and change of ownership of a Corporation. The tax credits that FB has taken since the IPO will likely be denied. We are talking Billions of Dollars here. So instead of being a high pe stock. it could become a no pe stock. Losses instead of earnings. This information is in the 10K for 2014. Hidden in notes to ...

FDNYret FDNYret XAUUSD, W, Long , 2 years ago
XAUUSD: Higher highs and higher lows since March on weekly Gold chart
34 0 1
XAUUSD, W Long
Higher highs and higher lows since March on weekly Gold chart

I expect Gold to rally from here. Last week I closed my short position and went long Thursday morning with Gold trading at $1180 and change. Notice since March the higher highs and higher lows. I expect a breakout above $1232 and a run to $1248-1298 by the end of June. I believe the trend has changed from bearish to bullish, with gold bottoming at $1130 in ...

FDNYret FDNYret FB, W, Short , 2 years ago
FB: Weekly Doji for Facebook should affect next two weeks trading
82 0 2
FB, W Short
Weekly Doji for Facebook should affect next two weeks trading

If you look at the weekly chart for FB, you'll notice that the weekly Doji's on 12/22/14, 3/23/15 and 4/20/15 all made lows three weeks after the Doji week. On the Doji 2 weeks ago on 5/18/15, Fb was lower the next week, it should be lower the following 2 weeks also imho. The average drop for the 3 previous Doji weeks was $4.97 from the Doji close to he low three ...

FDNYret FDNYret FB, W, Short , 2 years ago
FB: Head and Shoulders pattern for Fb on weekly chart, Sell Facebook
23 0 1
FB, W Short
Head and Shoulders pattern for Fb on weekly chart, Sell Facebook

Fb has a head and shoulders pattern, best seen on a weekly chart. The all time high of $86.07 in March was not exceeded in April or May. This is the first time since May 2013 that Fb has had two sequentially lower monthly highs. Also Fb has failed to hold its 50 day moving average. A weekly Doji is also problematic for FB. The last two weekly Doji on 4/20 and 1/5 ...

FDNYret FDNYret FB, M, Short , 2 years ago
FB: Short Facebook, head and shoulders pattern on monthly chart
6 0 1
FB, M Short
Short Facebook, head and shoulders pattern on monthly chart

Head and shoulders pattern on monthly chart. Look at Chaikin Money Flow dropping on monthly chart. Fb will make new yearly lows in June. A weekly Doji candlestick also. Last 2 weekly Doji candlestick at a top of a move on April 20 and January 5 caused drops of $7.48 and $5.71 from the high of the Doji week to the low the next week. I expect that Fb will see a low ...

FDNYret FDNYret FB, W, Short , 2 years ago
FB: Facebook head and and shoulders on weekly and monthly charts.
25 1 1
FB, W Short
Facebook head and and shoulders on weekly and monthly charts.

Head and Shoulders pattern for Facebook clearly visible on Monthly and weekly chart. Also notice that Chaikin Money flow on a monthly chart has dropped significantly since January 2015, it is now equal with April 2014 when FB was at $72. Also note that Fb has not had two consecutive lower monthly highs since May of 2013. This month will be the first since then. ...

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