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We tested support today, stay long. Stop is closing below 13.65.
Closing above 37 make it stay long.
I never saw it at 1200. Max high was 240 in 2015, it does not existed before that time. Closing above 7.25 make it bullish again. Signal is down from Tuesday.
Closing above gave about $20. it will test support. I tend to take some profit but I think more of 20 dollar move is ahead. Do your own D/D.
Long still but careful now we close very near stop loss.
As it happened now it is trying to test support. Stop loss is @ 36.75 on closing basis.
That is wonderful. System still long Stop is now at 7.21 on closing basis.
Ford gaped into buy and remain here, stay long. Stop 13.60.
So we will be long.
We totally off guard, Signal will be remain long on closing we gaped up and we may do it tomorrow again.
QQQ is currently on sell. Need to close above 268 to generate initial buy signal.
Ford needs to close above 13.60 for buy in place.
Right now LABU is on sell, closing above 6.84 will keep on buy. It could easily go up 12% if close above that price by Friday closing.
After 2 days of my last post we went on sell, then buy. Today we gaped down from buy to sell. Stop and go long is above 35.47 take profit around 36.30.
QQQ complex on stay Long stop is at 275.29.
F close at stay long stop will be 12.52.
TNA on stay long signal, Stop is at 37.14 on closing basis.
LABU closed on Buy hold, Stop is at 7.02.
Buy and hold is signal stop today is at 277.62.
I am willing to take profit and use proceed to buy option.
LABU opened above buy stop and remain in buy column, Let's see how it close.
Close above 6.71 is buy hold area.
Still in buy hold area stop now 33.28.
Possible but difficult, usually 28 to 29 is down days.
Out of my long position @ 25.50.
Signal on QQQ is long at this writing. Stop is at 273.78.
We close on hold buy Friday. Stop will be 11.88 on closing basis. Take profit as reentry cost is Zero.
LABU closed just below buy stop on Friday, It showed minor strength but as market need to see up move staying power so is it. It drifted lower. Buy stop is 6.70.
It is still on bear play ground.
TNA closed on buy hold signal. Stop is a 31.50 on closing basis. Take profit when available.
269.12 is buy stop from short. Signal is short at yesterday closing.
Yes so far that is the mantra, but holder of both are losing money.
We close again on sell. buy stop is 11.88.
As of this writing LABU is making 3 months 21 days new low. Is it good time to buy system say wait. Shorts are ruling buy stop from short is 6.69 on closing basis. Only good thing is we had second highest volume of the year two days ago, last one was probably May 9th. Usually that is indication of capitulation. We may rise in coming weeks and months.
Signal remain short below 31.15 on closing basis.
Ford is hold long above 11.91.
QQQ will become short below 269.34 on closing basis.
TNA numbers today short below 31.38 and stay long above 31.66. Yesterday it still manged to closed on stay long signal. May be market more strong then what we are listening. Good luck and happy trading.
It closed at sell signal yesterday. I think in new bull market BioTech could be a leader. MM drop and take out every one before taking it to uptrend.I am a long term holder Via leaps and common shares but I trade portion of it through my system signal.
Initial short stop is at 6.77 and $7 or above closing is go long for today.
QQQ stop is at 270.16 and go go short is 269.29 on closing basis.
Ford stay long is at 11.91 on closing basis.
LABU today we opened gap down below the stop. Stop is at 7.10. IMOP it is to take out weak hands and punish short term greedy options trader. There is huge open interest in options from 7 to 9 $ strike price, 75 % of the time they make them expire worth less Just my observation, seems say set up.
It could be new leg down, always protect your capital. I could be wrong in my assessment do your own D/D.
According to the rules if close below stop one need to take short position, or be out of position.
Good luck and happy trading.
Today we opened gap down still above stop. Stop is at 31.58. IMOP it is to take out weak hands and punish short term greedy options trader. It could be new leg down but so far I am in opposite camp. Good luck and happy trading.