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Tech Trader


Virtual Trading System

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12 unique view(s)

November 16th, 2012

November 16th, 2012 1:04:48 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 2:27:13 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
mhm great AAPL hammer, RIMM and FB new leaders
November 16th, 2012 2:39:05 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)
12 unique view(s)

November 15th, 2012

November 15th, 2012 7:04:53 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 10:21:13 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 10:34:05 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 11:21:21 AM 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 11:23:42 AM 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 11:25:46 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
We got out of both at the bottom today.
November 15th, 2012 12:08:56 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 12:18:04 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 12:21:43 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 1:03:21 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 2:42:47 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
11 unique view(s)

November 14th, 2012

November 14th, 2012 7:50:40 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 10:08:58 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 10:28:24 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
FB continues its monster day
FB
November 14th, 2012 10:37:10 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...

Shares are about to be unlocked though no?

November 14th, 2012 12:11:33 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 12:15:08 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.

November 14th, 2012 12:16:47 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...

*not sure

November 14th, 2012 1:27:53 PM PST
Posted by wd1040 | #
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...
November 14th, 2012 1:49:28 PM PST
Posted by ItsMeexD | #
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
November 14th, 2012 2:06:14 PM PST
Posted by wd1040 | #
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.
Attachments: spx1d11142012.png
November 14th, 2012 2:10:22 PM PST
Posted by pftq | #
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.

November 14th, 2012 2:12:48 PM PST
Posted by wd1040 | #
wd1040 (Guest) says in Stocks Daily Discussion...
hmm... so in the long run (months) we are still net bearish... selling rallies?
November 14th, 2012 2:15:00 PM PST
Posted by wd1040 | #
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?

November 14th, 2012 2:17:06 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...

Rsi will not trigger until we hit a market bottom.

November 14th, 2012 2:27:24 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
lets see if this works
Attachments: Untitled.jpg
11 unique view(s)

November 12th, 2012

November 12th, 2012 3:59:42 PM PST
Posted by ItsMeexD | #
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.
XLU
INTC
November 12th, 2012 4:35:14 PM PST
Posted by pftq | #
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.
82 unique view(s)

November 10th, 2012

November 10th, 2012 11:21:01 PM PST
Posted by pftq | #
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.
84 unique view(s)

November 7th, 2012

November 7th, 2012 8:53:32 AM PST
Posted by pftq | #
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).
November 7th, 2012 10:06:55 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
long AAPL 560.78
November 7th, 2012 11:10:23 AM PST
Posted by pftq | #
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

November 7th, 2012 11:55:40 AM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
long $FB 20.53
FB
November 7th, 2012 5:34:49 PM PST
Posted by pftq | #
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.
November 7th, 2012 6:09:44 PM PST
Posted by ItsMeexD | #
ItsMeexD (Guest) says in Stocks Daily Discussion...
i will do that next time, didnt know lol. ty for info
10 unique view(s)

November 6th, 2012

November 6th, 2012 8:15:36 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Puts on ESRX at $.46
November 6th, 2012 10:18:34 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Stopped out at $.4 - missed the dip I was going for. Ah well