Stocks Daily Discussion

[pftq]

Bah, my only trendline break for the week got nullified by a bad close.
Need to write a scheduler for the program so I can run the scan at the end of day while I'm in class, instead of trying to guess the close during market open.



I'll probably see how it does after this week for another chance to break the resist.  Otherwise I'll just take the loss; fortunately it's November expiration so I have plenty time.

[pftq]

RSI2 generated another trade for SPY at today's close.  RSI2 for SPY and trendlines for stocks in general are my main trade strategies (which have been dry since QE3), so I'll probably be adding a more substantial position again tomorrow morning.  Can't wait

[pftq]

Just picked up a bunch of SPY calls after seeing the volume spike on the minute chart.
Mixed in 2/3 Oct calls ($1.70) and 1/3 weeklies ($.40), both at 144x.

Cleared out SYY and CHRW - didn't want so many moving parts in portfolio.  Probably should do that from now on (just stay in cash instead of making so many small trades when my main strategies are silent).

[wd1040]

Same thing - flipped gold after pretty bullish momentum after support (Ichi slow line hit). All the resistances are coming together and being hit at the same time!

yay Durable goods order tomorrow! (Exp -5.0% v like 2.3% last time)

[pftq]

That RSI2 trade is working great. It predicted long going into ECB and now it predicted Spanish austerity announcements. :p

[pftq]

Out of weekly calls at $1 (from .40), mainly because we're near expiration.

Holding the rest until the program sells (and when I actually get home to run it. -_-)

[ueddarktom]

Keeping the longs...good call on the SPX rebound




________________________________

[ItsMeexD]

RIMM printing a nice hammer today on 3x Avg volume. 50 day SMA also flattening, super bullish. I will most likely be buying calls or shares tomorrow morning.

Also bearish on AAPL. Refer to action on 4/17/12 for details.

[ItsMeexD]

Just saw After Hours movement in RIMM lol. Probably wont chase now, but I remain bullish.

[pftq]

RIMM beat expectations, that's why

[pftq]

Chugging away at more than 5 midterms + projects this week, but my schedule becomes super free again starting the 13th.  Something I've really wanted to finish for some time is an Optimizer/AI for the Tech Trader, so if anyone wants to help me and put it together at that time, let me know.  It's not necessarily hard to figure out, just a lot of code to type.

[pftq]

Got my exit signal for the SPY trade last week, which will pretty much hold today unless we close super-bullish (at HOD or something).  It trades on close prices only though, so when the best time is to sell today is ambiguous.  It also doesn't mean we can' t go higher, just that now my program has no clue what the market will do from here.

[pftq]

Got out the rest of my SPY calls at $2.30 (from 1.70) and a few SPY weeklies I picked up yesterday at $.80 (from $.6).

[pftq]

Not from program but watching PCS and LEAP
PCS at $13, LEAP at $7.70.  Looks like a breakout setup but I haven't done this kind of trading in a while.  Any thoughts?

[pftq]

Picked up a few PCS Oct 14x calls at $.70.  I like LEAP's intraday chart more, but I feel better buying the stock that's actually generating the news (merger with TMobile).