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$F right at 50MA this is a textbook buy if I've ever seen one. Limited downside as if it breaks the 50MA you sell for paltry losses
Tuesday Wrapup/Stats
Cash Made February~~ $7,600
Cash made 2013~~ $7,000
Stats: Streak-- 2 Profits in a row!!
Last week-- 4/7~~ 57%
This week-- 1/1~~ 100%
Last 5----- 2/5~~ 40%
Last 7----- 4/7~~ 57%
Last 10---- 5/10~~ 50%
Last 20---- 10/20~~ 50%
Last 50---- 28/50~~ 56%
Last 100--- 68/100~~ 68%
February----- 9/15~~ 60%
Entries~~ $XLE $79 Calls at $.44~~ 50 Contracts
$SINA $57.50 Calls for Earnings~~ 10 contracts at $1.20
Exits~~ $XLE From $.44 to $.56 Profit!!!
Holding~~ $SINA $57.50 Calls for Earnings!!!
$F - wow what a steal. Trading just above the 50MA for a stock that's trading at ONLY 2.5 P/E.
MHP got the original timing wrong but damn this chart is looking fine... nothing wrong with admitting you're wrong and getting back in there any owning it :P
EW - still holding. Got a coiling stochastics indicator, a jump in accumulation, and consistent recovery from intra-day lows. RSI seemed to have settled right around 40. While it may not make it to $40, still may a good flip for profit
AKAM also a monster - Everytime there's a sell-off there's an equally powerful buying spree
Ford like a boss.
Perfect example of buying at the right time. Limited downside, huge upside potential. The chart was screaming a run up I think we may see 14 sometime next week (if the global markets cooperate)
$T, $VZ telecom/cell business been getting slammed... slammed to support levels! Look for $T @ 35.05/ $VZ @ $44... they spent a lot of energy busting through their trading channels and have some churning to do.
The cell/mobile business isn't going anywhere - I would know... it's my job!
another breakdown 0 for 2 on NFLX today lol - time to stop for the day.
NFLX giving you two confirmations of bullish trend... the trifecta comes up with the break of the 2 hours ascending triangle
http://stockcharts.com/h-sc/ui?s=NFLX&p=2&b=5&g=0&id=p12751071850&a=290940903
F in play - Homer channel trading style. We've seen a coiling of the price. In accordance with the strategy I purchased next month's options at the money.
Ford trading right @ 13 bounced three times already last handful of days
AKAM crazy - Just cashed out half at slightly more than a double. Nothing like free riding!
with break of the 183/184 area I dumped nflx puts for a 15% loss... changed them into calls after seeing the descending wedge consolidation from 10:15-11:30 EST
http://stockcharts.com/h-sc/ui?s=NFLX&p=2&b=5&g=0&id=p79432374984&a=290940903
Only a couple things on watch as nothing hit the filters --
AAPL looking for 460's (between the first and 2nd fib line for pullback), and NFLX looking to play the trading window between 183-175.
STILL HOLDING
AKAM 35's March
VZ 45's march
YUM 72.50 w (DEAD)
MHP 50's w (DEAD - lesson learned here)
EW 90's March
new trades today... picked up NFLX 170 puts when stock was at 183
AKAM going wild... once again RSI shows that it is the best indicator for medium-term trades.
A low RSI with a little positive movement to verify = win
OPEN POSITIONS
NFLX w 195's
EW mar 90
FB w 28
MHP w 50
AKAM mar 36
VZ mar 45
Manufacturing data due out in about 18 minutes here... wouldn't trade before then!
HOMER strikes again!
QCOM released an amazing earnings report to say the least - if folks were watching the key support points of QCOM they would have known to get in at the 63.40 level!
4 QCOM Feb 16 '13 $65 Call for $1.10 each - if you play the channels right, the channel will treat you right. No doubt about that. We need only cite the example of AMZN from yesterday as to how timing is everything on these ER's.
Look for SPY to give us a shot at 150... we only play when the odds are in our favor.
I think we can see a pull back into the 150.teens on real low RSI
Nothing definitive in the market today... in all cash ATM.
On heavy watch...
HOMER - WMT (resistance at 70, missed the chance earlier
HOMER - T (channel top at 35.05
HOMER - MSFT (100MA @ 28.25 confirmed resistance)
HOMER - VZ (support at 42.50, resistance at 44.35)
NFLX and SPY for familiar patterns
Great day today - I admittedly got faked out by MSFT and sold too soon for a 15% (~$100 loss).
However, the verizon buy from two days ago was EXTREMELY lucrative to say the least. ended up with a 2.25 bagger!
Patience will always win in the markets. play the trends!
ON WATCH FOR TODAY -
MSFT nice support from previous channel break @ 27.75
ESI/QCOR for short squeezes. ESI looking for a 50MA break @ 17.14,
QCOR looking to grab some at 25.40 (recent support).
UPS has for two hammers and a top @ 82.75, load the puts if it hits.
SPY - "WAIT FOR IT!"
open/close/low at 149.49 3 of last 3 days!
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=0&dy=5&id=p58374188273&a=290232279
SPY (as usual) on watch - wait for it to show it's face!
Thursday Wrapup/STATS~~$500 Challenge!!
$500 Challenge~~ Started 12/21/2012
Account Balance~~ $300.15
Stats: Streak-- 1 Profit
Last week-- 1/4~~ 25%
This week-- 1/2~~ 50%
Last 5----- 2/5~~ 40%
Last 7----- 3/7~~ 42%
Last 10---- 5/10~~ 50%
Last 20---- 11/20~~ 55%
Last 50---- 34/50~~ 68%
Last 100--- 67/100~~ 67%
January----- 6/13~~ 46%
Entries~~ F $14 February 1st Calls at $.20
Exits~~ None
Holding-- F $14 February 1st Calls
SPY pullback to first fib line... puts are a go if prices can't raise above the top fib line
SPY - upward movement seems to be met with some sharp selling here... Puts are in play
Crazy action in the markets today.
http://stockcharts.com/h-sc/ui?s=SPY&p=2&b=5&g=0&id=p98900532587&a=290202075
SPY 2 min chart looks to have broke A.M. support
http://stockcharts.com/h-sc/ui?s=SPY&p=2&b=5&g=0&id=p96263295082&a=290202075
picked up some puts
SPY puts look to be in play so far today... unsure where she'll find support!
There is no pattern yet, so there is no action req'd thus far.
HOMER - MSFT
With the markets destined to be aggressive tomorrow MSFT could find itself hitting, and possibly breaking the top of it's channel.
http://stockcharts.com/h-sc/ui?s=MSFT&p=D&b=5&g=0&id=p98742102099&a=290119872
rough day today - overthought myself!
Needless to say who know what tomorrow will hold!
SPY - she wants to print 149 badly and I want to buy those puts badly
SPY next stop 148.60
Confirm the reversal with a RSI break of 50 then it goes down to 148.50
SPY just forfeited it's short term trend
http://stockcharts.com/h-sc/ui?s=SPY&p=2&b=5&g=0&id=p28069303847&a=290063525
JCP - also trading above it's channel for the day as it approached the 50MA
http://stockcharts.com/h-sc/ui?s=JCP&p=2&b=5&g=0&id=p68891911244&a=290076446
SPY - not a "healthy" pullback yet today. we've seen RSI resets but nothings along the lines of a full on fib pull back -- scary if you're holding calls. Thought I'm taking a 25% beating on the puts I picked up, I have to imagine this one is topped out for the day - let alone the last month!
SPY taking me to the woodshed right now. looking to close out my SPY trade with the fib pull back to 148.50... this should land me just above break even.
I believe the market is truly bullish ATM and I expect a healthy pullback to these levels!
Thanks for stopping by! Changes will continue to be made and more info will be posted in the iBox as I have time to note my full strategies!
nice thread....marked
SPY looking really overbought right now with heavy volume at 148.64... loaded to the 9's with puts though I admittedly misstimed them earlier.
Holding 20 SPY 148's @ .45
Due to the failure of the SPY to hold the open price, I picked up puts... here is a new chart. Tough to see if this trend holds or not but the SPY was due for a much needed pull back. Rememeber - we buy puts at high RSI, and buy calls at low RSI.
Right now the puts aren't working too hard as the price bounced off the first fib line.
http://stockcharts.com/h-sc/ui?s=SPY&p=2&b=5&g=0&id=p27257371832&a=290063525
Even though the trade was missed we can look for two options.
Another pull back to 148, or a break of the upper fib line which is right at the open at 148.32 ... other than that keep your cash on the sidelines!
Black Widow Missed this one by a penny! .69 was low of day thus far...
One thing's for certain - it's exciting to know your plan works... even on paper.
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