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Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:16 am
by rpccharts
If We have bottommed - Are SEMICONDUCTORS ready for Moonshot?

https://finviz.com/screener.ashx?v=351& ... &o=-volume

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:18 am
by te_fern
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:19 am
by Al_Dente
Al_Dente wrote:“The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSE: GUSH) closed Friday with an April gain of over 34 percent, making it the second-best performer among Direxion's leveraged bullish exchange-traded funds (ETFs) on a month-to-date basis.”
https://finance.yahoo.com/news/leverage ... 35842.html

GUSH (3x XOP) expense ratio is too high
GUSH buys only XOP (its only holding besides cash), leverages it, and charges you 3x expenses for the privelege.
Better to just use XOP and triple the number of shares u would normally buy; getting that 3x leverage with less expense?
It’s obvious that traders agree, as XOP average-daily volume is 17million shares (vs GUSH volume 1.4 mil)

Also
USO, UCO = K-1
XOP, GUSH = 1099

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:20 am
by te_fern
Need a push to the R1 pivot. Don't know if we can make due to all the reasons people have been posting this morning!!

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:22 am
by ccash04
te_fern wrote:
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D


Waiting for gap fill prior to covering, though now it looks like I will be stopped out any moment as SPY closing in on that HoD.

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:30 am
by fehro
RUT leads.. some resistance here IWM 5m .. daily RUT below fwiw

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:36 am
by fehro
Buckle up on the EURO .. and Europe Financials… trouble brews with Italian Elections, remember large US hedge fund has largest bet on against Italian banks for months.

Italian election at crucial point

https://www.zerohedge.com/news/2018-02- ... hort-years

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:37 am
by 1der
Let's see if this plays out to be an SPY Triangle

2018-05-07_SPY Tri.jpg

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:55 am
by Al_Dente
Leilani Estates, Hawaii
Time Lapse of giant lava flow consuming car
https://www.youtube.com/watch?v=P7iW_VuR8d0

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 11:58 am
by Cobra

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:06 pm
by te_fern
Need to learn to trust my stop loss points. Sold at breakeven on the pull back around 11:30 and now LABU is up 70 cents since. I would not have been stopped out on the pullback. Leaving money on the table....

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:11 pm
by Cobra
bias is up?

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:13 pm
by Trades with cats
The BIG problem with any sort of system is that signals, including stop losses, are only a good idea in aggregate. Individually the odds of them working as intended are no better than the system so we are always trying to be a better trader than our own system.

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:19 pm
by te_fern
Trades with cats wrote:The BIG problem with any sort of system is that signals, including stop losses, are only a good idea in aggregate. Individually the odds of them working as intended are no better than the system so we are always trying to be a better trader than our own system.


You are right. I usually find that I'm worst than the system when I inject my feelings. I tend to take small profits earlier rather than waiting on the bigger gains. Always learning! :D

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:26 pm
by Trades with cats
There are lists of what everybody does wrong. The one thing others say that I agree with is you are not a professional trader until it becomes boring.

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 12:39 pm
by Trades with cats
So I guess today counts as a very professional day :lol:

I think the issue today is oil up on political news but clearly the short squeeze is over. Or as FT71 said this morning other time frame traders are done buying for now. He did comment this morning that the shape of the volume profile from Friday was pretty ragged, as in no clear consensus as to were price should be. Which is what we have seen for some time. Which means with no clear consensus among various time frame traders we will continue to experience volatility.

Perfect example, Uncle Warren goes big on Apple but Humble Student and others are pointing out today that Warren took a one billion hit on mark to market in his portfolio and they ask how many others can do that? Then in a very well publicized note Michael Hartnett is suggested shorting FANGS because market is assuming higher rates won't hurt lesser developed countries. So I guess Merrill clients are shorting part of Berkshires portfolio. It takes buyers and sellers to make a market.

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 1:09 pm
by fehro
te_fern wrote:
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D



buckle up .pink line top of gap.. may be all we have… AAPL daily ugly candle .. bearish wedge 4 highs, 2 recent lows daily

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 1:13 pm
by fehro
fehro wrote: AAPL daily ugly candle .. bearish wedge 4 highs, 2 recent lows daily

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 1:22 pm
by fehro
fehro wrote:RUT leads.. some resistance here IWM 5m .. daily RUT below fwiw



still leads… everyone else stalls… VIX still a tad green :roll:

Re: 05/07/2018 Live Update

PostPosted: Mon May 07, 2018 1:59 pm
by daytradingES
I wondering if a ramp to 2691 is coming within the next hour?