39 unique view(s)
Discuss current stocks, trades, and anything else on a day-to-day basis here...
pftq (Official) says in Stocks Daily Discussion...
Great close today, up but just low enough not to trigger a sell due to
overbought.
overbought.
ItsMeexD (Guest) says in Stocks Daily Discussion...
mhm great AAPL hammer, RIMM and FB new leaders
wd1040 (Guest) says in Stocks Daily Discussion...
Same on USDMXN (extremely US-equity correlated) and USDSEK (my pick... also
stopped at fib)
stopped at fib)
39 unique view(s)
November 15th, 2012
ItsMeexD (Guest) says in Stocks Daily Discussion...
consolidated for so long, and DMND still getting f***ed.
pftq (Official) says in Stocks Daily Discussion...
Comprehensive SPY strategy has covered and gone long using the 135 support (so likely just expecting a bounce). It can still change depending on the market close today, but just a heads up. Timing is quite interesting - DIA and a few others have also triggered RSI2/Market-Bottom buy signals, not to mention the holiday rally usually starts around this time. These are all <80% hitrate signals though, keep in mind.
Edit: Signal confirmed at close.
Edit: Signal confirmed at close.
ItsMeexD (Guest) says in Stocks Daily Discussion...
SINA bullish bias for today's earnings AH.
also AAPL is looking to go green today
wd1040 (Guest) says in Stocks Daily Discussion...
Oil, copper and most importantly EUR rounding a bottom... time to exit our puts?
wd1040 (Guest) says in Stocks Daily Discussion...
Especially FFIV and T. T I would like to more because it is a positive beta stock... tracks the indices.
pftq (Official) says in Stocks Daily Discussion...
We got out of both at the bottom today.
pftq (Official) says in Stocks Daily Discussion...
Back to lows again on SPY. Please refrain from calling daily bottoms using intraday charts...
SPY chart I posted earlier will hold as long as we close below 135.70, but not changing any positions acting on it until end of day.
SPY chart I posted earlier will hold as long as we close below 135.70, but not changing any positions acting on it until end of day.
ItsMeexD (Guest) says in Stocks Daily Discussion...
AAPL bears are winning again. think twice about going long.
pftq (Official) says in Stocks Daily Discussion...
Or just wait for the daily candle to finish before jumping to conclusions.
pftq (Official) says in Stocks Daily Discussion...
SPY close below $135.70 - chart posted earlier holds now (buy signal is set). Any higher and the risk-reward on the expected bounce wouldn't have been enough to trigger a buy.
ItsMeexD (Guest) says in Stocks Daily Discussion...
NFLX great flag if market bounces. already long NFLX at 80.95.and McClellan is now -320, very oversold.
38 unique view(s)
November 14th, 2012
wd1040 (Guest) says in Stocks Daily Discussion...
An hour in, we're sitting at a pretty LT resistance... already a new intraday low so momentum better carry through the rest of the day.
It's almost 8... does it mean I can quietly eat breakfast now?
It's almost 8... does it mean I can quietly eat breakfast now?
pftq (Official) says in Stocks Daily Discussion...
Lots of new lower trendline breaks following new lows on SPY.
Watch the close to make sure the signals hold though.
Unfortunately too busy with midterms here to trade them.
Watch the close to make sure the signals hold though.
Unfortunately too busy with midterms here to trade them.
ItsMeexD (Guest) says in Stocks Daily Discussion...
FB continues its monster day
pftq (Official) says in Stocks Daily Discussion...
Shares are about to be unlocked though no?
wd1040 (Guest) says in Stocks Daily Discussion...
Which trading styles are you using? PFTQ's? SPX is weak on my charts and I'm going to start shorting it.
By the way, would anyone be against a short natural gas trade via options? There's an excellent reversal signal, but idk if it's going to be too costly, too illiquid, etc etc..
By the way, would anyone be against a short natural gas trade via options? There's an excellent reversal signal, but idk if it's going to be too costly, too illiquid, etc etc..
pftq (Official) says in Stocks Daily Discussion...
UNG options are very cheap and liquid if you want to trade those. But sure about the top though.
pftq (Official) says in Stocks Daily Discussion...
*not sure
wd1040 (Guest) says in Stocks Daily Discussion...
lol wow we bled 1.4% again today... Going short on UNG tomorrow morning on hammer, possibly an evening star. Will post chart after I get home...
ItsMeexD (Guest) says in Stocks Daily Discussion...
hey guys we are officially oversold.
$NYMO McClellan Oscillator = -304.69.
-250 or below means oversold
remember oversold can get more oversold. does NOT mean to buy now, only means not to start NEW shorts. keep current shorts and trail
http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&yr=2&mn=6&dy=0&id=p34453408654&a=260035163
wd1040 (Guest) says in Stocks Daily Discussion...
Post a pic of your charts... let me just see...
Yeah, the breakdown is in motion. On a LT chart, SPX target is at 1346 before confluence of 2 fibs. And oversold RSI.
Let's look for a reversal signal... but do remember that equities have been uncorrelated with anything else for the past month or so. I'm going to see if HA flattens out with Friday's assumed holiday rally start... looking for that dead and blue HA candle.
Yeah, the breakdown is in motion. On a LT chart, SPX target is at 1346 before confluence of 2 fibs. And oversold RSI.
Let's look for a reversal signal... but do remember that equities have been uncorrelated with anything else for the past month or so. I'm going to see if HA flattens out with Friday's assumed holiday rally start... looking for that dead and blue HA candle.
pftq (Official) says in Stocks Daily Discussion...
Remember holiday rally is just a statistic and 80% hitrate. Doesn't have to happen. Should only consider it if other indicators confirm it.
wd1040 (Guest) says in Stocks Daily Discussion...
hmm... so in the long run (months) we are still net bearish... selling rallies?
wd1040 (Guest) says in Stocks Daily Discussion...
This is for nat gas, playing candlesticks patterns only. Don't expected a sustained drop, just a break lower for tomorrow. ach we don't have enough cash... anyone want to put in their opinion?
pftq (Official) says in Stocks Daily Discussion...
Rsi will not trigger until we hit a market bottom.
ItsMeexD (Guest) says in Stocks Daily Discussion...
lets see if this works
38 unique view(s)
November 12th, 2012
ItsMeexD (Guest) says in Stocks Daily Discussion...
best oversold RSI 2 play for tomorrow: XLU. basically 8 consecutive days red. RSI 2 reading is 0.50.next in line is INTC, will be definitely scoping this tomorrow also.
pftq (Official) says in Stocks Daily Discussion...
Gotta run it through Tech Trader. Both are flagged as sell-offs and not valid for RSI2 plays (it might still bounce but not due to RSI2).
I would look for overbought bounces to short instead in these market conditions.
I would look for overbought bounces to short instead in these market conditions.
122 unique view(s)
November 10th, 2012
pftq (Official) says in Stocks Daily Discussion...
Comprehensive strategy added more short on SPY this past Friday. I was out of town all weekend so I only just saw it. Getting interesting since it seems to be coming out of the gate quite strongly (first live trade in October) and coincides with the onslaught of recent trendline short signals.
124 unique view(s)
November 7th, 2012
pftq (Official) says in Stocks Daily Discussion...
Every short signal I've been getting the last couple weeks basically played out. Need to really take myself out of the picture and stop interfering with the trades. Updated charts on the ones I posted before:
IWM Trendline Break from Oct.26
IWO Trendline Break from Oct.26
SPY Short via Comprehensive Strat from Oct.25
Just a ton of more trendline short signals today on the scans. As usual, have to watch the close near end of day to confirm breaks, but just very disappointed at the moment. Probably going to just stay on the sidelines until I have more time to actually watch the markets (lot of midterms + projects these few weeks until Thanksgiving).
IWM Trendline Break from Oct.26
IWO Trendline Break from Oct.26
SPY Short via Comprehensive Strat from Oct.25
Just a ton of more trendline short signals today on the scans. As usual, have to watch the close near end of day to confirm breaks, but just very disappointed at the moment. Probably going to just stay on the sidelines until I have more time to actually watch the markets (lot of midterms + projects these few weeks until Thanksgiving).
ItsMeexD (Guest) says in Stocks Daily Discussion...
long AAPL 560.78
pftq (Official) says in Stocks Daily Discussion...
Post screenshots screenshots you have a chance so we know what you're looking at. Hard to read phone app charts here to gauge. Good luck with the trade though
ItsMeexD (Guest) says in Stocks Daily Discussion...
long $FB 20.53
pftq (Official) says in Stocks Daily Discussion...
Also helps if you start the chart on the next line - too much scrolling when the screen goes wide. But good luck with FB - it's right in the middle so personally leaning bull nor bear on the direction.
Interesting to see more trendline breaks finishing their plays. If you remember MNST's break a couple weeks back - today they just missed earnings.
Interesting to see more trendline breaks finishing their plays. If you remember MNST's break a couple weeks back - today they just missed earnings.
ItsMeexD (Guest) says in Stocks Daily Discussion...
i will do that next time, didnt know lol. ty for info
37 unique view(s)
November 6th, 2012
pftq (Official) says in Stocks Daily Discussion...
Puts on ESRX at $.46
pftq (Official) says in Stocks Daily Discussion...
Stopped out at $.4 - missed the dip I was going for. Ah well