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fed official: fed will do whatever is needed to support the economy,looks like a confirmed rate cut on the 31st.all eyes on aapl..
will spx trade aboce 1500?
wow ,so far good come back
you are right 1best,this is how the game is played.i must admit though usually stocks which are in bad technical shape,usually below 50 dma with negative macd,those stocks dont do so well after earnings,look at sndk,or akam last earnings report.however stronger stocks are difficult to take down,like goog,isrg. look at cat it was below its 50dma before earnings.this does not apply 100% of times,but it does improves your odds being on the right side for the earnings.
sndk may trade up a bit,but i dont expect a v-shaped recovery.it is so badly damaged that it will most likely make a double bootom with + div before it makes a real come back.
will aapl save the day
great work 1best,good to have you back
thats ok 1best,if the markets start rolling over from here,then one can always go short.personally i will wait for aapl earnings to decide my strategy.took a loss in sndk,but thats how it is,can always make the same money from sndk once it improves technically.keep up the good work
1best are you calling the top here.do you mean a vst pullback or a longterm top.
sold sndk,no need to stcik around ,badly damaged technically,below 200dma,will take a long time to recover.
earnings have been good,going into final quarter,should be good for tech.markets will retrace today to close above supports.if not one always have the option of selling,its not the end of the world
doubled on sndk,with a stop
very tricky,test of patience
solid numbers from sndk,will hold for now
goog looks like may pull back to its 50 dma.
one more day of manipulations,then we are off to the races,will hold sndk through earnings,in at 47.35.
added aapl over the last couple of days,back to 80% postion,out if breaks 163.50.will see how lvs does after oe.lot of premium into calls will all expire worthless.
even yhoo is flying,shorts are toast
intc with great earnings,should help the entire chip sector.ibm also with good earnings,should help the markets
bought sndk 47.35
1best,10:40 is a good time
1best you have got mail.
sold lvs 133.85
bought lvs 133.30,close to making a double bottom with + div
sold sndk 48.57
sndk,lvs look good.traded aapl 3 times,good volatility,this time will hold if macd crosses to upside at this level 168.70
bought sndk at 47.56.tight stop
sndk is getting to an interesting level.entry 46 with a tight stop.will stay with 25% aapl, add on pull back,ideally at 158,however will continue to day trade.will stick with lvs for now.
played a 4 dollar swing on aapl.will be great if 158 entry can be made
as usual great work 1best.the best way to play higher volatility is to have lots of cash on hand and play the support and resistance level.just look at aapl today.tomorrow if it opens lower buy at 158 with a tight stop,next support is 156 and then 153,give and take few.each support with closely watched stops will be the way to go. i only wish that it goes to 145,but i think the lowest we will see is 151.50 -153.50.
lvs still looks good,if it closes above 145,will be very bullish.
lvs held up well,great volatility couple of quick profitable trades,not a bad day overall.the amazing thing is that i was expecting aapl to trade to 153- 158 range before earnings,but should have taken 4 or 5 days for suck a move not 1 hour.amazing day,will hold 25% postion and see what happens.if it drops to 153,will go to 100% position.
1 best am stuck with only 25% of aapl position,not bad,i think i am happy about this sell off,should get a great entry soon,ideally 145.
lvs looks very bullish,if it fills the huge gap and closes above 145 today,then watch out.aapl looks tired,if it does not make a new high today,i am out.
aapl up big in premarket.so far no reason to sell.i will sell if it takes out 2 days low.
aging bull is more selective.lvs keeps goig up.probably will close some more today.
in my opinion aapl is giog to 200 in the next couple of months.earnings are going to be blow out as usual,even if it drops in reacion to earnings ,i think it will be a buying opportunity,but i think most likely it will gap up.it just has too many catalysts going for it right now.just look at lvs,it looked like the easiest short in the world,and many shorts joined in merrily and now it keeps going up.even if it drops now,good 8 dollars have been made in 3 days.
ok 1best,sold half of aapl and lvs,any weakness tomorrow and may go to all cash.if aapl pulls back to 153 - 156 range it will be a great buy.supports are 158, 156, 153, 151, and a real strong one at 145.
1 best my plan is simple,i will see how aapl closes today,recently i have been trading it daily,if it reaches 175 over the next day or so i will sell all of it,it may retrace to 153 - 156 range,and that where it should be bought again,and will hold through earnings.take care
lvs not bad so far,will see where it closes
you are right 1best,aapl is holding things up,remember it has been the proxy stock for the market since last year bull run.i am holding on and am not complaining at all....
i bought some lvs again this morining for 128,it made a nice reversal candle the other day,will sell it by the close,what is your opinion about lvs.
take care
congratulations 1best,we have the long awaited breakout.shorts are dead.