Idan:
3:48pm
AAPL is back above the H&S and making a shoot for new highs, my stop remains at $250.75 hoping that today was the last up day for this stock, and that tomorrow is either a reversal day, or a down day.
3:35pm
Today i took a short position in AAPL and i’m very happy to see that we have a H&S breakdown on the 1-5-10 minute time frames, here’s a 1 minute so you can see what’s going on:
3:32pm
I’m selling most of my GOOG shares here with a nice 3.8% profit, right before earnings. I’ll keep a dozen shares hoping for an upside surprise.
3:26pm
Moving Stop on GE to a profitable position, so now it’s already at 19.57… that way i make at least $9 and I can buy me a cheap lunch, yay!
2:33pm
3% Position short of GE stock Right at 19.59 and would be looking for a stop right around 20.20. This is a short swing trade.
1:32pm
AMZN might be forming a topping candle on the daily, if you want to go short, wait for the last 10 minutes of trading and if the candle still looks like a hammer, it might be the time.
1:31pm
LUV (Southwest Airlines) has over extended itself, but the shorting opportunity is not there yet. Looking at the 60 minute, you can see that there is a clear channel, only when the blue support breaks would i go short:
12:57pm
A lot of my friend traders are saying: “Idan – Ge -Short?”. And I agree with them. It’s time to short GE here… I think it’s most likely done with it’s push higher for the moment (maybe 1 more day up), and i think a consolidation period of at least 1-3 days is about to begin on this stock. Here’s the daily, and you can see why (look at the channel):
12:55pm
UNG brokedown today, even though yesterday it had technically managed to breakout, the daily candle ended up near the lows which was a bad sign. Today UNG fell back through and that basically trumps my bullishness on this stock. I don’t like it anymore.
12:39pm
AAPL is in the range of where i want it to be, i’m going to go ahead and take a short with at $247.55 with a stop at $250.75. I think AAPL has over extended itself, and the last push up here might be what the bears need to take this one down. My stop is less than 2% out.
Daniel
8:57
Look to go long oil above yesterday’s high of $86.39. The trend is higher, and yesterday’s move up on the EIA number is bullish. If we can break above last week’s high of $87.09, $90 oil should not be far off.
As Idan and I have been saying this week, Nat Gas may have put in a double bottom on the daily. Last week’s high is right above the 4.3 mark. Remember–today is the EIA number at 10:30AM, so if you trade the futures, I’d recommend being flat at around 10:25am, ahead of the volatility.
Idan:
RIMM hit temporary resistance yesterday, I know a few people who went short, and it makes sense the $73.90-74.00 is important and sellers will pile in here. If we break through that, then we have a clear path to a double to $76 and eventually my red ascending resistance, at 78-79. But until we breach 74, you have to consider RIMM a shorting opportunity:
An update on my own portfolio’s positions:
SDS (3% portfolio) – Bought @ 28.94
GOOG (2% portfolio) – Bought @ 572.50
FSLR (13% portfolio) - Bought @ 124.30
GS (5% portfolio) – Bought @ 171.30
These positions are different from the hedge fund, which are provided by signing up to Alerts & Analytics
I want to get short WYNN at 90-92, and AAPL at 247-248.
goog misses…..down 2.5% as of now
now 5%
Exactly as I told you big boys pushed the market to 1214. I told you at noon that they will push s&p to 1213~1215 when s&p was down at noon. Sure enough big boys did exactly what i told you. I took a huge SPY 124 April puts and then i dropped them at last hours booked 16% profit, Thanks to big boys. SWBB
Great trade. One question:
At 1pm EDT you said you were 100% cash waiting for a rally to 1215.
As for the puts you traded…
the LOW on the put you mentioned after 1pm, EDT was 2.53 – down vol of 2 contracts.
the HIGH on the put you mentioned after 1pm, EDT was 2.89.
How did you manage +16% again?
Sam your full of it,lost my respect,go to yahoo boards
Shammy-Wow….you won’t get away with garbage like that here, experienced traders can spot a con
from a block away.
Like the day i caught Zee selling SPY calls that did not trade…when they did start he got killed on the
‘paper trader’.
IMHO the script is set. The big beats had been set out ahead of the rest. IBM and Micro not holding
a lead.
I wish i had shorted more GOOG only shorted 100 shares right 596.30
looking to cover before the conference call
That’s a great trade then
I think after conference call it’s coming back if not today then next few days… guys on CNBC were keep saying that it will be good buy around 540
I think I can trust street whores move but can’t trust Google so taking the profit here at 576
Nice trade, I would cover, b/c at 575 its a decent buy point, imo Plus you got yourself some dinner $$
still way under
before the crash I was long Googe at 480 and got out at 251
that’s why i said I can’t trust it
400 shares and rest you can cal how much it took away from me
Bummer well good news for you is that it keeps falling, now down to 569
Hey nice call
100 shares, $30 down.. $3000
Can’t complain on profits! But I do understand that feeling when you are sure about something and you pull the trigger and it actually goes that way.. .you just kick yourself asking why you didn’t go in for more.
oops had to give back $300 for AMD short
shorted at 10.13 stop out after hours at 10.38
Guys I am really blessed and don’t tell me I didn’t play right:
Here what I did today: these shorts I placed for full day unless I would have stop out:
I shorted 1000 shares of POT at 111.14 put stop at 111.42
Guess what it stops me out only by 1.cent then it tank full $1
instead of making $1000 I lost -280 + commission
shorted 1200 share of X at 64.03 right when I placed order TOS server went down. For 10 mins I was going crazy not knowing what’s could have happened since I had no stop there.. anyways once ThiinkorSwim ^%%$%$ comes back at the point X came back from 63.78 to 64.05 I panic set stop order at cost as soon as it moved below my cost and guess what it was a matter me putting order and they got me at 63.95 well I made $120 but X dropped $2.42 from my entry point.
What have I done wrong here that I could not take $2904 instead of $120!!
I am down close to 25k for this month and this would have really helped me out today
I feel like a shit nothing fking working for me… every day i work over 12 hours fighting this market which costed me $1500 a day
Been there..
Sounds like you need a break.. The market and setups have been here since before we were born. They will be here after a nice break as well.
Remember that there are endless amounts of good setups for the future, but only a limited amount of investing capital.
You need to revise your trading strategy. Big time. It is not strange for people to blow through their accounts while figuring out what works for them. If you take a break and study more/paper trade,, you will do much better later..
Go back to the lab,, educate yourself more and before you come back to real money, paper trade until you are winning every week/month.
Gl.
Why stress yourself that badly??? Consider trading low priced junior miners, they tend to trade and have
payoffs of 40-75% in a month.
Your fear imprint from the crash is causing irrational losses.
“Your fear imprint from the crash is causing irrational losses”
Jim, the fear does add to my trading style but even when i do trade right do you see what’s happening to me here
wow…goog still falling…down just over 4% as of now
Hey zee, remember I did say “may have put in a bottom” and I don’t hold nat gas beyond 30minutes at a time, I scalp it based on breakouts, it adheres very well based on momentum breakouts/breakdowns. Based on today, I was wrong on that bottom, it continues to be weak and just continues to sell off. Also, I never hold any positions in the EIA report. Nat gas is very volatile, hedge funds have made and lost billions trading spreads on it.
WOW looks like no stop on GOOG I feel sorry for anyone here who was long. See this is what they do…
Don’t take this wrong but you sound like burnt out online gambler. Your starting to talk in conspiracies. Take a break from the markets, relax and revise like others on this board have suggested.
We’ll get a pretty good pullback tomorrow. 200k open interest on the SPY $120-strike for April. That means the big boys will want it to close at $119.99 or lower.
Thnx Prof. Good info – that would have slipped right past me if not for your alert.
Are the futures down just because of the Google miss AND how overbought the market is, or is there any other reason?
It’s ridiculous how expensive this market is.