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Charts and analysis also available for: Stocks, Cryptocurrencies
pftq (Official) says in Stocks Daily Discussion...
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 (Official) says in Stocks Daily Discussion...
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.
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 (Official) says in Stocks Daily Discussion...
Grr I woke up late today. My sell limit for PCS took me out at .80 open only for them to go as high as 1.3 in the same hour.
Picked up ALTR October 37x calls in the meantime at 1.2 on RSI2 oversold.
Picked up ALTR October 37x calls in the meantime at 1.2 on RSI2 oversold.
pftq (Official) says in Stocks Daily Discussion...
Just finished another run of the program. Looks like only two trendline breaks for today, SYY and PCS. I hate MetroPCS though (as a company).
Watching the close as always before entering to make sure we don't have some sudden sell off that cancels the break.
Watching the close as always before entering to make sure we don't have some sudden sell off that cancels the break.
pftq (Official) says in Stocks Daily Discussion...
Got out of weekly calls at 148 on SPY. 146x today expiration, +300%
Going to reload on pullback, probably slower expiration and maybe other less overbought tickers to scale down my trading again.
Going to reload on pullback, probably slower expiration and maybe other less overbought tickers to scale down my trading again.
pftq (Official) says in Stocks Daily Discussion...
Crazy spike on SPY. Went heavy on spy calls after we dipped back below 145. looks like qe got announced
pftq (Official) says in Stocks Daily Discussion...
lol at my program still holding SPY from June. I really look forward to the day it finally makes a trade, would be dramatic.
pftq (Official) says in Stocks Daily Discussion...
Looks like more sideways until the Fed announcement tomorrow. Only picked up two trendline breaks for today; will watch KSS into close to make sure they keep looking bullish before I buy calls (but I'll be on my phone - so we'll see how well that goes lol ). Already picked up STJ Oct 40x calls at $1.30.
pftq (Official) says in Stocks Daily Discussion...
Out of GS at $.75 (+500%). I think I remember someone telling me yesterday how I was sure to lose money on this trade because of the lack of hedging. Interesting how that went. 
Signal from yesterday:
CMA calls also at $1.30 here (+62%), but expiration is longer so I can hold.
AXL from a couple weeks back (a trendline break) is also at $.80 now (+45%).
Signal from yesterday:
CMA calls also at $1.30 here (+62%), but expiration is longer so I can hold.
AXL from a couple weeks back (a trendline break) is also at $.80 now (+45%).
pftq (Official) says in Stocks Daily Discussion...
Out of AXL at .9 (+63%).
Into next week F 10x calls at $.25
Update: Out of at $.30 - was fast.
Into next week F 10x calls at $.25
Update: Out of at $.30 - was fast.
pftq (Official) says in Stocks Daily Discussion...
http://finance.yahoo.com/news/ecb-agrees-bond-buying-plan-124538395.html
Now I know why my program refused to do anything but hold long the past couple weeks. Another win for the program since I'm already out of SPY calls. SPY is already up $1 in pre-market. Bah
Now I know why my program refused to do anything but hold long the past couple weeks. Another win for the program since I'm already out of SPY calls. SPY is already up $1 in pre-market. Bah
pftq (Official) says in Stocks Daily Discussion...
GS and CMA just broke upper resist on my program. My program doesn't buy until close, but I will try to time an entry before then (we'll see how well I can time on a phone during class >.< )
pftq (Official) says in Stocks Daily Discussion...
Some trendline breaks off my program today, not many but worth a watch (or trade, but watch the close first as always):
pftq (Official) says in Stocks Daily Discussion...
Added a few SPY Sept.7 141x calls at $1.10 on this morning's dip.
Thinking we're just boucning between lower and upper ranges of this week before Jackson tomorrow.
My ED short play from last week is also playing out finally.
Signal from last week:
Thinking we're just boucning between lower and upper ranges of this week before Jackson tomorrow.
My ED short play from last week is also playing out finally.
Signal from last week:
pftq (Official) says in Stocks Daily Discussion...
EXEL bottom signal finally playing out. Price is now 4.50-60 and closed today with a bullish candle.
Quote from: pftq
Current still watching LVLT and just added EXEL to my watchlist based off my bottom indicator.
pftq (Official) says in Stocks Daily Discussion...
Picked up SPY Sept. 140x calls at $2.30 for the RSI2 signal from my program.
Also picked up EEM 39.5x Sept calls at $1.12.
Also picked up EEM 39.5x Sept calls at $1.12.
pftq (Official) says in Stocks Daily Discussion...
My program generated a buy today for SPY (oversold) using a variation of this strategy. I was in class all day though and only just saw it. Going to hope tomorrow morning is still low and jump into calls as soon as possible.
pftq (Official) says in Stocks Daily Discussion...
Just picked this up on my program batch scan. Picked up a few puts at $.80. Will add more if the signal holds at close.
pftq (Official) says in Stocks Daily Discussion...
Out of BAC calls at $.40 (+185%), stock at $8.40 (re-entered a couple days ago at $.14 after already making almost 100% in one day).
More than content with this stock already.
I'm thinking it should pullback at least a little bit (intraday timeframe in mind) from the resist at $8.40 exact.
But my program just generated another buy signal on today's candle and $8.25 break, so I'll probably get back in on longer expiration end of day.
Edit: Have to see the price near close first though - buy signal today can be completely cancelled out if the candle is no good.
Also out of BBG at $1.80, already past my expected holding period.
Doubled calls on Sept. 700x AAPL during the pullback just now.
Watching for an exit on SPY as I don't want the weekly decay to bite into my gains.
Edit: Got out at $1.20 (+50%) on calls (from $.80 last week). Think it'll go higher but I'll probably want to re-enter and father expiration calls.
More than content with this stock already.
I'm thinking it should pullback at least a little bit (intraday timeframe in mind) from the resist at $8.40 exact.
But my program just generated another buy signal on today's candle and $8.25 break, so I'll probably get back in on longer expiration end of day.
Edit: Have to see the price near close first though - buy signal today can be completely cancelled out if the candle is no good.
Also out of BBG at $1.80, already past my expected holding period.
Doubled calls on Sept. 700x AAPL during the pullback just now.
Watching for an exit on SPY as I don't want the weekly decay to bite into my gains.
Edit: Got out at $1.20 (+50%) on calls (from $.80 last week). Think it'll go higher but I'll probably want to re-enter and father expiration calls.
pftq (Official) says in Stocks Daily Discussion...
If we close here, we break the upper trendline resist for SPY. (bullish) But it's very close to the stronger horizontal resistance right above.
Looks like the long signal from June still works though.
Looks like the long signal from June still works though.
pftq (Official) says in Stocks Daily Discussion...
Quite interesting. Pretty much all the trendline breaks I'm getting today on my program are long signals.
pftq (Official) says in Stocks Daily Discussion...
Picked up a few BAC Aug24 calls at $.10 in anticipation of the upward trendline break (and recent market resistance break). Only a few because it hasn't actually broken on my program yet, so I'm frontrunning the signal a bit.
Special thanks to Davecash at Hotstockmarket for the heads up.
Special thanks to Davecash at Hotstockmarket for the heads up.
pftq (Official) says in Stocks Daily Discussion...
Some other breakouts picked up by my program going into close. Didn't have time to trade them though as I'm already busy with my existing positions.
pftq (Official) says in Stocks Daily Discussion...
Into SANM September calls at $.45
Current still watching LVLT and just added EXEL to my watchlist based off my bottom indicator.
Current still watching LVLT and just added EXEL to my watchlist based off my bottom indicator.
pftq (Official) says in Stocks Daily Discussion...
HUN just showed up as a potential resistance break. Going to wait nearer close to make sure it doesn't ruin that candle.
pftq (Official) says in Stocks Daily Discussion...
Added HUN Sept calls at $1.20 - quite some resistance at the stock price of $14.50 though; hope to see that break before close.
Also added BBG Sept calls at $1.75, in anticipation of the below upper trendline break.
Also added BBG Sept calls at $1.75, in anticipation of the below upper trendline break.
pftq (Official) says in Stocks Daily Discussion...
I ended up picking up a few ADI 40x Sept. calls at $1.20 yesterday after the stock pulled back up to $40.40-ish. VNO looks like it's bouncing so I'll wait for that to end.
Edit: Got out of ADI calls at $1.25 - didn't look like it was going to hold in this range for much longer without a pullback. That and the program actually bought and sold a few days ago already, so I'm jumping in late anyway.
Also using a configuration I made for modeling SPY, my program is showing that SPY is right at a major resistance (overlapped red candle you can barely see further right) - thinking of going long in anticipation of a break, especially since the program actually went long 2 months ago, but I'll wait for a pullback first (since I'd be going in 2 months late if based on the automation).
Edit: Got out of ADI calls at $1.25 - didn't look like it was going to hold in this range for much longer without a pullback. That and the program actually bought and sold a few days ago already, so I'm jumping in late anyway.
Also using a configuration I made for modeling SPY, my program is showing that SPY is right at a major resistance (overlapped red candle you can barely see further right) - thinking of going long in anticipation of a break, especially since the program actually went long 2 months ago, but I'll wait for a pullback first (since I'd be going in 2 months late if based on the automation).
pftq (Official) says in Stocks Daily Discussion...
The SPY trendlines are pretty darn accurate - we bounced right off the resist today exactly.
pftq (Official) says in Stocks Daily Discussion...
So I found out Yahoo's historical quotes don't include today. That set me back quite a bit and I spent most of my morning rewriting code to pull from their other API for today's quote.
I'm trying to avoid trading stocks that the program already closed positions on. Had to re-run my scan on the Russell index for trendline breaks. It's still running right now (only have 100 done), but I've gotten one so far that isn't closed yet at least.
I'll see about entering depending on tomorrow's open.
LVLT at 21.56
Other stocks it pulled up for the past week but already closed longs on were GOOG and WHR.
I'm trying to avoid trading stocks that the program already closed positions on. Had to re-run my scan on the Russell index for trendline breaks. It's still running right now (only have 100 done), but I've gotten one so far that isn't closed yet at least.
I'll see about entering depending on tomorrow's open.
LVLT at 21.56
Other stocks it pulled up for the past week but already closed longs on were GOOG and WHR.
pftq (Official) says in Stocks Daily Discussion...
Finally got one that was opened today. Still going to wait till tomorrow for confirmation though.
SANM at 8.90
SANM at 8.90
pftq (Official) says in Stocks Daily Discussion...
Finally able to trade again after a long summer. No more holding in the future though while gone (DMND 
But PEP did awesome so oh well ).
In the mean time, I wrote myself a small program for automated screening and technical analysis.
Right now the most consistent indicators are volume + trendlines, so I'll be trying out real trades with those first.
So far I've picked up the following on my screens but will be watching more before deciding on entry. The automation doesn't time the entry that well yet, so I'll still be doing that myself for a while but it's nice not to have to use Equity Feed or anything like that anymore.
ADI at $40 (intended long)
VNO at $80 (intended short)
But PEP did awesome so oh well ).In the mean time, I wrote myself a small program for automated screening and technical analysis.
Right now the most consistent indicators are volume + trendlines, so I'll be trying out real trades with those first.
So far I've picked up the following on my screens but will be watching more before deciding on entry. The automation doesn't time the entry that well yet, so I'll still be doing that myself for a while but it's nice not to have to use Equity Feed or anything like that anymore.
ADI at $40 (intended long)
VNO at $80 (intended short)
pftq (Official) says in Stocks Daily Discussion...
A couple weeks ago, I posted about a potential inverse H&S on FAS working a right shoulder for the holiday season.
Kind've forgot about it in the course of things but it seems like we're dipping just enough to get that right shoulder right now. This means nothing if we break down further and ruin it, but it's interesting to see if we do confirm it (and thus get the EOY rally so many seem to expect, followed by a breakdown in 2012).
Here's an updated chart:
Right now, I'm in another SPY straddle in at 122, slightly weighted toward the long side.
Kind've forgot about it in the course of things but it seems like we're dipping just enough to get that right shoulder right now. This means nothing if we break down further and ruin it, but it's interesting to see if we do confirm it (and thus get the EOY rally so many seem to expect, followed by a breakdown in 2012).
Here's an updated chart:
Right now, I'm in another SPY straddle in at 122, slightly weighted toward the long side.
Nice bounce today, almost 200 points on DOW. I'm expecting we'll see another day or two of continuation before coming back down again.
Going into December, I'm mainly watching this inverse H&S formation on FAS. I realize FAS is not a market indicator, but I notice that it's generally been easier for me to gauge the market using it. Maybe it smoothes out some of the more extreme fluctuations or something.
^Basically what I said about a couple more days or so of uptrend, then a pullback further for the right inverse shoulder (the 3rd dip in the W) before we go up more strongly.
For the longer term, I'm still thinking we'll be up overall in Q4 before we seriously head down in 2012. If the chart above holds the next few weeks, it should confirm that.
Edit: Just keeping an eye on currencies here - we might go into that third dip sooner without more uptrend, so I'd watch for an entry on the short side rather than try to time the bounce.
Going into December, I'm mainly watching this inverse H&S formation on FAS. I realize FAS is not a market indicator, but I notice that it's generally been easier for me to gauge the market using it. Maybe it smoothes out some of the more extreme fluctuations or something.
^Basically what I said about a couple more days or so of uptrend, then a pullback further for the right inverse shoulder (the 3rd dip in the W) before we go up more strongly.
For the longer term, I'm still thinking we'll be up overall in Q4 before we seriously head down in 2012. If the chart above holds the next few weeks, it should confirm that.
Edit: Just keeping an eye on currencies here - we might go into that third dip sooner without more uptrend, so I'd watch for an entry on the short side rather than try to time the bounce.