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32 unique view(s)

November 20th, 2012

November 20th, 2012 9:26:43 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
If we break $139.20 intraday on SPY, I'll add a bit.  Don't plan on holding past $140 though.
November 20th, 2012 9:41:01 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
these are January calls so a lot of cushion and time. i will wait for a "fake" dip to buy in, as last time i did not wait long enough.
November 20th, 2012 9:44:37 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Not really keen on holding any calls for more than a few days, even if January.
November 20th, 2012 11:12:26 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Let me know when you think the fake dip is worth buying in.
November 20th, 2012 11:14:04 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Well we dipped, picked up a few calls to see if the Jan calls QQQ mean anything.
November 20th, 2012 11:58:25 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
personally i would wait for a bigger dip, but ok, scale in slowly
November 20th, 2012 12:16:54 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
Did we get in? Bouncing off the established fib, good one I think to BFTD
Attachments: spx1d11202012.png
November 20th, 2012 1:49:57 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Picked up a short signal on XLP via RSI.  It is the only short signal on any of the sectors/etfs though.  I'm guessing we see a gradual rotation of long positions to short over the next few trading days but just a guess on that part.
November 20th, 2012 2:00:10 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
hmm... well at least we know staples don't really correlate that much with the overall market. Are we still in any longs?
November 20th, 2012 2:01:38 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Just the SPY calls to trade with the QQQ tip.
November 20th, 2012 2:02:56 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
k, but still... I think it might be a little bit too soon to rotate to shorts, especially on sectors (indiv companies will be OK)
114 unique view(s)

November 19th, 2012

November 19th, 2012 7:39:12 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Great open today.  Planning on exiting DIA and XLU calls from RSI2 last Thursday some time today.



No exit signal for SPY calls from my comprehensive strategy yet but we'll see what happens end of day.
November 19th, 2012 7:50:53 AM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
Bloody hope we don't close the gap...
November 19th, 2012 7:52:56 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Don't scare me dude. Undecided
November 19th, 2012 10:09:50 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...

Sigh, exited a bulk at 138.5, now broke upwards. Please keep unbacktested speculation to a minimal, at least during market hours. :p

November 19th, 2012 2:20:45 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Only SPY from the comprehensive strategy is still in play now.
November 19th, 2012 3:45:53 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
next time we have a correction, instead of staying all cash I should trade SPY with you.
32 unique view(s)

November 16th, 2012

November 16th, 2012 7:39:20 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Program closed out of shorts for T and FFIV at new lows this morning - let's stop calling for exits prematurely.
November 16th, 2012 10:02:18 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Looks like technicals predict the future again - 1 day before Congress announces "optimism" Smiley
Same thing happened with ECB in the summer, QE3, first unemployment number below 8%, etc.
November 16th, 2012 10:08:30 AM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
Hey, and it's Friday! So holiday effect is right on time. You guys also
know that ramp up was only in the last 30 minutes...
Attachments: spx5m11162012.png
November 16th, 2012 2:04:48 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Great close today, up but just low enough not to trigger a sell due to
overbought.
November 16th, 2012 3:27:13 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
mhm great AAPL hammer, RIMM and FB new leaders
November 16th, 2012 3:39:05 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
Same on USDMXN (extremely US-equity correlated) and USDSEK (my pick... also
stopped at fib)
36 unique view(s)

November 15th, 2012

November 15th, 2012 8:04:53 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
consolidated for so long, and DMND still getting f***ed.
DMND
November 15th, 2012 11:21:13 AM PST
Posted by pftq | #
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.
November 15th, 2012 11:34:05 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
SINA bullish bias for today's earnings AH.
also AAPL is looking to go green today

SINA
AAPL
November 15th, 2012 12:21:21 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
Oil, copper and most importantly EUR rounding a bottom... time to exit our puts?
Attachments: eurusd1d11152012.png
November 15th, 2012 12:23:42 PM PST
Posted by wd1040 | #
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.
November 15th, 2012 12:25:46 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
We got out of both at the bottom today.
November 15th, 2012 1:08:56 PM PST
Posted by pftq | #
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.
November 15th, 2012 1:18:04 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
AAPL bears are winning again. think twice about going long.
November 15th, 2012 1:21:43 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Or just wait for the daily candle to finish before jumping to conclusions.
November 15th, 2012 2:03:21 PM PST
Posted by pftq | #
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.
November 15th, 2012 3:42:47 PM PST
Posted by ItsMeexD | #
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.
NFLX
Attachments: Untitled.jpg
35 unique view(s)

November 14th, 2012

November 14th, 2012 8:50:40 AM PST
Posted by wd1040 | #
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? Tongue

November 14th, 2012 11:08:58 AM PST
Posted by pftq | #
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.




November 14th, 2012 11:28:24 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
FB continues its monster day
FB
November 14th, 2012 11:37:10 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...

Shares are about to be unlocked though no?

November 14th, 2012 1:11:33 PM PST
Posted by wd1040 | #
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..
November 14th, 2012 1:15:08 PM PST
Posted by pftq | #
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.