05/12/2017 Live Update

[te_fern]

Burak on tradingchannels.com says that IWM is a buy here for those that following him on Twitter....

[Al_Dente]

Al_Dente, do you use a static level for your stop loss or do you use one that moves up as the stock moves up?

I just raised my stop to that higher low
Probably get taken out soon
Fine with me
I don’t want to own the dammm thing if it’s going to break the higher low, and break VWAP
Stop is TOO TIGHT; I’ll jump back in if I have to

[Al_Dente]

.........I had a small profit in LABU

Small profits are good profits, especially when we're trading THREE TIMES JUICE stuff

[Al_Dente]

Burak on tradingchannels.com says that IWM is a buy here for those that following him on Twitter....

can you link me to that
thanks

[Al_Dente]

Al_Dente, do you use a static level for your stop loss or do you use one that moves up as the stock moves up?

moves up

[Al_Dente]

Here’s my rationale
I was betting on a squeeze
Didn’t happen (yet)
So I have to tighten my stop
It MUST breakout here, else crap

[te_fern]

Trading Channels, you have to sign up for the free charts.. I also follow him on twitter

http://tradingchannels.uk/

[te_fern]

I took my coffee money profit on SOXL...

[te_fern]

Hung up in the middle...

[Al_Dente]

Here’s my prob:
Options traders are still leaning bearish
So that double bottom IWM may not hold
But all that can change quickly
60min

[Al_Dente]

NY advancing stocks = 0.75 x declining stocks
NY advancing volume = 0.59 x declining volume
NY declining stocks = 1.3 x advancing stocks
NY declining volume = 1.6 x advancing volume

[Trades with cats]

World wide ransom ware cyber attack underway. Zerohedge says it is a new variant on wanna cry. They have locked up the English National Health Service. Say it is spreading quickly. So don't anybody be touching any strange e-mails today!

[Trades with cats]

president Maduro's nightmare chart.

[te_fern]

NY advancing stocks = 0.75 x declining stocks
NY advancing volume = 0.59 x declining volume
NY declining stocks = 1.3 x advancing stocks
NY declining volume = 1.6 x advancing volume

Pretty weak.....

[Trades with cats]

If that rig chart doesn't make sense it is because they always shift it so that it is easier to see the correlation with US oil output. It reflects todays increase in rigs.

[Al_Dente]

five day percentages

[Al_Dente]

Pretty weak.....

hella weak
raised stop again to higher low
no room to breathe; i don't care

[Al_Dente]

same thing but TEN days

[te_fern]

Doesn't the market have a mother? LOL!

[te_fern]

S&P was climbing the underside of the resistance line... Starting to break down.