Replies to post #15522 on OPTIONS TRADERS CO-OP

[jmbar2]

The daily charts (100 day) look like crocodile heads. Some pointing up, some down.

Trading in a narrowing bolly range.

Well, actually AAPL is a croc that just ate a wildebeest.

This is my last post for the day. Have a safe holiday weekend everyone!

[smartone]

while the indexes (expect russell) have been inched to new highs the high betas have been killed
down seriously this past couple of months so a bounce was in the cards

what is frustrating is most of the gains have been gap ups openings
that isn't really good for day trader unless you hold over night and so far i have yet to find a comfortable strategy to hold overnight

although looks like 15 minute chart might be the answer .. seems like most high betas continue the 15 minute chart direction thru the next day

that said next week is post holiday AND end of month separately each historically means positive stock market for week.

i would imagine that continuation of rebound of high beta stocks is in the cards

particularly AMZN and LNKD who are both within range of recapturing their 50 day EMA