what I'm looking to Trade today . . .
AAPL - will Open Downers on any failed Rallies
LNKD - will Open Downers on any failed Rallies
NFLX - will Open Downers on any failed Rallies
QQQ & SPY look like Indexes ready to Fall if a Strong Rally does not ensue.

my indicators have been resetting for a run higher with price not falling with the indicators . . .
therefore, I am not feeling any weakness and will NOT Open any Down positions.
Tomorrow or next week might bring some Up Signals.

Target Hit! . . QQQ came right up within cents of 70 . . .
then failed quickly.
HOWEVER, I see positive Divergence for a continued Rally Higher . . .
so I am holding back .. with my finger on the trigger, but calmly waiting.
I hate to lose money .. so I'd rather miss opportunities than lose money.

QQQ . . now waiting for a Rally back near 70 . . .
and will see how she reacts there.
THEN I might Open Down positions for a Short-Term Trade.

thanks! .. I'll be looking at QQQ Put options today.

I'm looking to Open Short-Term QQQ Downers on an appropriate, Failed Rally.
Will be using my Short-Term Charts only for a Day- or Two- Trade.

Sold NFLX 160 PUTs @ 2.70 . . .
= 25% Net Profit!
nice for a day or two's work

Sold NFLX 160 PUTs @ 2.70 . . .
= 25% Net Profit!
nice for a day or two's work

WoW! . . . what a perfect example of a failed retest!
THIS is how you make money.
Note the 13:30.ET bar on the 5-min chart of NFLX.
Price went Up after the break Down of the Uptrend line
and retested the line perfectly hitting it . . .
then Dropping like an anchor .. all within that one bar.
A perfect time to Add to Down positions.
And she's been falling ever since.
It might be time to Bank Profits soon . . .
or keep Holding if she keeps falling.

NFLX UTL broken Down for now . . .
1 - watch for a retest of the UTL
2 - react accordingly when tested

big pennant/SymTriangle on NFLX 10-min chart . . .
soon she'll break one way or another ...
I'm hoping for DOWN of course!

my NFLX Puts are now very nicely Profitable . . .
Up 30% in one day so far!

my NFLX Puts are now very nicely Profitable . . .
Up 30% in one day so far!

I suggest keeping it simple . . .
most indicators indicate the same thing ...
so no sense cluttering up your charts with every indicator.
I like selecting ONE from each category (see my thoughts below).
Also, I use divergence in looking for Reversals.
Like I said before, most of my success comes from years of experience
and being able to listen to my indicators.
I have specific parameters I use for each indicator that I have found work best from that long experience.
Don't expect to make a killing from the start . . .
take it easy and learn .. the payoff is in the long run.
Always learn from your mistakes .. and never bet the farm or the milk-money.

Momentum
Rate of Change (ROC)
Relative Strength Index (RSI)
Williams %R (Wm%R)
StochRSI
TRIX
Ultimate Oscillator (ULT)
Aroon

Cycle
Stochastics (%K, %D)
Commodity Channel Index (CCI)

Trend
Moving Averages
Moving Average Convergence Divergence (MACD)
Average True Range (ATR)
Wilder's DMI (ADX)
Price Oscillator (PPO)

I use different time-frames to analyze my Trades.
First I look at a Monthly chart .. then a Daily .. then an Intraday.
I definitely Trade in the direction of the Daily chart . . .
using the Intraday chart to time my Trades .. which is why I waited all day before my PUT Buying.
I get extra excited if the Monthly chart is trending right as well.
I use the Monthly and a Weekly more heavily if it is a stock I am considering Holding for more than a week or three.
For NFLX, I see a Weekly chart wanting to fall .. to retrace some of the recent quick gains. (look at early 2012)
The Monthly and Daily bare me out on this idea as well.
So I used today's Intraday signals to Open a Down position .. in options, so not a long Hold .. maybe the rest of this week at most .. for now.
My charts, of course, have indicators on them that I have grown to know quite well.
Them and I are in sync .. from the many years we have been together.
It is important to have a good relationship with your charts . .
good communication with them is of utmost important in that relationship.
Be a good listener.
That's my story and I'm sticking by it!

I'll just Hold overnight and see what tomorrow brings.
I see some more Down in the near-term.
That is why I bought next Friday's expiry instead of this Friday's.
Thanks and Good Luck !!

just doubled my position at 2.09 . .
for a new cost-basis of 2.14.

just doubled my position at 2.09 . .
for a new cost-basis of 2.14.

Long NFLX Apr-20 160-PUTs @ 2.18 - 2.20
so .. cost-basis = 2.19

Long NFLX Apr-20 160-PUTs @ 2.18 - 2.20

TA

NOW is the time to start looking to Buy NFLX PUTs . . .
for a Day- or Three- Trade = April-20 160-PUTs . . .
for a medium-term Swing-Trade = June 155-PUTs.

agreed .. very good.

I'm actually waiting to Buy PUTS on NFLX.
I see a medium-term crash coming in NFLX.

awesome . . . WoW! . . be very afraid:

Romans 1:

21 People knew God, but they did not honor him as God, and they did not thank him. Their ideas were all useless. There was not one good thought left in their foolish minds. 22 They said they were wise, but they became fools. 23 Instead of honoring the divine greatness of God, who lives forever, they traded it for the worship of idols—things made to look like humans, who get sick and die, or like birds, animals, and snakes.

24 People wanted only to do evil. So God left them and let them go their sinful way. And so they became completely immoral and used their bodies in shameful ways with each other. 25 They traded the truth of God for a lie. They bowed down and worshiped the things God made instead of worshiping the God who made those things. He is the one who should be praised forever. Amen.

26 Because people did those things, God left them and let them do the shameful things they wanted to do. Women stopped having natural sex with men and started having sex with other women. 27 In the same way, men stopped having natural sex with women and began wanting each other all the time. Men did shameful things with other men, and in their bodies they received the punishment for those wrongs.

28 People did not think it was important to have a true knowledge of God. So God left them and allowed them to have their own worthless thinking. And so they do what they should not do. 29 They are filled with every kind of sin, evil, greed, and hatred. They are full of jealousy, murder, fighting, lying, and thinking the worst things about each other. They gossip 30 and say evil things about each other. They hate God. They are rude, proud, and brag about themselves. They invent ways of doing evil. They don’t obey their parents, 31 they are foolish, they don’t keep their promises, and they show no kindness or mercy to others. 32 They know God’s law says that anyone who lives like that should die. But they not only continue to do these things themselves, but they also encourage others who do them.

.

the only thing I'm really looking at today is NFLX . . .
if we get a decent Rally today, I'll be looking to Open Downers.
Probably PUT options . . maybe 3-months out.

definitely not a catholic or American issue . . .
we never said it was.
IMHO, "humanism" is one cause of the problem.
"humanism" teaches that man is in control . . .
when man does not trust his life with God in control,
his life will usually take a disastrous path.
No "empire" has ever survived once they took their eye off of God.

will do . . thanks!

very well said! . . I agree 100%.
Even amongst Christians it has become harder to find friends
whom you can trust to have the same values as yourself.
It is so sad . . gone are the "good ol' days".

WoWser! . . I certainly was right in direction . . .
but my desire to wait for a small Rally in the Yen before "shorting it"
has caused me to miss the boat for today!
BUT, that's OK . . there's always tomorrow and I have not lost any money by waiting.

the Yen should continue Down for the medium-term . . .
so, I will be looking to Buy FXY put options for short-term swings . . .
and building a medium-term position in YCS ...
this week.

I doubt that will happen <sigh> .. so,
it was very nice knowing you.
I really enjoyed your posts.
Good Luck in all that you do !!

doh! . . if only I Held one more day .. LOL!

Since April 1, precious metal bears should have been happier than a baseball fan sitting behind homeplate on Opening Day. Because, while that date did begin the 2013 Major League season, it also marked the start of an uninterrupted downtrend that has seen gold and silver prices plunge to nine, and eight-month lows, respectively.

But according to this April 3 news source, many market participants were ill prepared for the synchronized sell off: "Precious Metals Decline, Led by Silver... It was a big shock to the market and it reacted accordingly." (Associated Press)

That's one way to see it.

Another way is The Near-Term Bases are Loaded in Gold and Silver

.

I Closed my QQQ Put position today at 1.15 . . .
sorry for the lack of real-time posting .. really busy Trading and developing software!
I'll try to do better from now on.

I'm looking to Add to my Down positions if we just get a weak rally this morning . . .
that stays below QQQ=68.60

I'm looking to Add to my Down positions if we just get a weak rally this morning . . .
that stays below SPX=1557.50 (SPY=155.70).

thanks! .. I ended up Holding overnight . . .
when will I learn to just Bank Profits!
I sold short a 12-April 68 Put against my long 20-April 69 Put
.. for more Profits and to act as a buffer in case we go Up too much this morning.
If we get a weak Rally, I may just Add some more long PUTS to my position.
We'll see what the Chart tells me.

WoW! .. what a great day . . .
sorry I didn't post sooner .. too much going on so quickly.
I hope some of you took advantage of my Pre-market post (click link-back) calling for a Down move today in QQQ and SPY.
I bought QQQ Apr 20 2013 69 Put options for 0.70
They are Trading for over 1.00 now.
Sure wish I would have bought more !!
We'll see how they are doing near Closing ...
I may just Hold overnight.

I will be focusing on Trading QQQ Downers this morning
if we get a move Up that stays under 69.20.
I will also be watching to Trade SPY Downers this morning
if we get a move Up that stays under 157.
I will analyze my Charts if/when that time comes.