Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BTO FCX 10.50 Puts @.08
Added a few more WYNN 104 Calls @.15
Short leash. Average ~.20
Closed NFLX even....WYNN is a smaller starter position so I'll hold and watch here
She's got a big butt....tough to slow her down when she gets moving
BTO WYNN 104 Calls @.28
In a few NFLX 102 @.75
Ah....that'll do it
No news...looks like mean reversion
Quad Witch is next week. Expecting some fireworks. Not going to prognosticate...but new ATHs for SPY?
FB & WYNN are 2 setups I'm stalking right now. Both are taking their time (like most good setups do).
WYNN - Same story, all weakness is absorbed and bought at the 10EMA. This is extremely constructive and bullish. For the newbies, this is a "consolidation over time" instead of price.
FB - Notes in chart. This one is coiled nicely, and the BB are pinching real nice.
That explains the insane OI at the $20 strike
Yo yo! VRX down a smidge
I can teach charts all day, I can even teach how to trade. Problem is this....when to trade (or not trade). 100 traders can see the same charts and use the same signals and still 98 of them will lose money on the trade. Funny thing about the market, always humbles.
Later this week, I'm going to type up an in depth description of what I watch, how many of the indicators need to line up to trigger a trade, when they invalidate and when they suggest to start taking profits.
It's just what I watch. You may be able to take some and incorporate them into your trading....or at the very least make heads or tales of what I'm posting and why I'm taking a trade.
Ha! Curry has a little skill. As long as he destroys James (left my Heat) I'm all in.
As for trading...no room for ego. Only price pays
I don't mind at all, I've been asked numerous times in private messages and that tends to get a little tedious. Honestly had it not been for the fear of being presumptuous or pretentious, I would have already.
Thanks again. You have your hands full tomorrow, but if you send me a reminder later this week I'll put something detailed on here about the what's, how's, why's, and what-it-means' for the charts I use. I've fumbled around with a lot of methods and indicators, but feel I have a pretty good system in place to catch short to intermediate term moves, and more importantly have defined stop areas to limit losses.
At the end of the day, the most useful skill I have picked up with age is patience. If the setup isn't there, just step away. Tough to do
Just trying to help when I can
COPD here....sorry to hear man. Just keep the wife smiling. Lost my father to cancer a few years back. Guess there's no real fun way to go about it.
Me....probably something involving a 21 year single malt scotch and some form of bad decision making in a non- extradition country. Blaze of glory...
Quad witching next Friday. As always...things should get interesting.
Saw a large IWM June 119 go through today...
Thanks buddy
Hey hey! Gracias JB
Now Yellen is just showing off
In the spirit of the QQQ chart you referenced from the other day, figured I would share this IWM chart.
I'm on the run a bit today, so forgive the lines everywhere (I normally try to erase half of them before posting) but this is my trading view for entry exits...so ignore the noise. However, what is important is the RED $120.19 on the right and the Green $121.53 on the left side. These represent a target area for major Fibs and I see almost nothing holding it back from a MINIMUM $120.
Thank you sir. Been dealing with it in the Keys for almost 3 weeks now...finally back in Boca and getting settled in. Back in the saddle tomorrow.
Thank you friend
Appreciated, Mother-in-law passed...the girls are a little roughed up, but like all things it will get better with time. My job is to keep them laughing and comfortably lathered in name brand crap from overpriced stores...the rest works itself out with time.
You're welcome....glad I could help. Great day in the market today, unfortunately been having to deal with a family issue and don't like trading too much when I can't monitor all trades.
Top of my head I would have day traded AMZN, AAPL, FB, PCLN, QQQ and definitely IWM.
I did add a small WYNN position today for a long swing (Not getting aggressive until it clears the upper VPB band), as well as a small BIDU put position. I should be back in the saddle tomorrow.
BTO BIDU 170 P @.75
Took 17 separate transactions to sell that BAC position over an hour...
Out BAC 14.50 Calls @.25 from .15 average.
Eyeing WYNN
BAC - Friday's weakness forced a gap down, however it held support at the bottom of the rising channel and bounced at the cloud which also corresponds with the lower end of the VBP band....it should retest 15 next week at the top of the VBP band, and if it breaks, next major band of overhead supply is at $16.20
RSI held rising trend line, STO, and MACD curled over but remain in bullish territory. all rising and bullish. BB pinching and beginning to open up. Price Thursday was above the 10EMA which was over the 30SMA, however the price is now below both. Price will need to rise above both to continue upward momentum. Holding $14.50 Calls into next week. Yellen speaks Monday
WYNN can move down to ~$93.80 and still not invalidate the upward support. Close below that and the picture changes
Morning....Yellen @ 12:30. Seems to be what the market waits for
WYNN - Nothing has changed, still one of my favorite setups. We need Yellen to say no hike eminent on Monday and send the markets higher. The BB are opening up nicely, the 10EMA has crossed above the 30SMA with price over both, MACD is rising, opening, and above the midline. Price closed at exactly the top of the upper large VBP band. RSI has room to run, and a break of this band opens up a clear blue sky run. Could see an absolute monster run here.
BAC - Friday's weakness forced a gap down, however it held support at the bottom of the rising channel and bounced at the cloud which also corresponds with the lower end of the VBP band....it should retest 15 next week at the top of the VBP band, and if it breaks, next major band of overhead supply is at $16.20
RSI held rising trend line, STO, and MACD curled over but remain in bullish territory. all rising and bullish. BB pinching and beginning to open up. Price Thursday was above the 10EMA which was over the 30SMA, however the price is now below both. Price will need to rise above both to continue upward momentum. Holding $14.50 Calls into next week. Yellen speaks Monday
At noon, institutions were buying. I was referring to the TICK being +1000