07/13/2012 Live Update

[Al_Dente]

Al_Dente
Cool. Thanks for the AAPL chart!

[Al_Dente]

warming up, Bull bars if closes here. flat for the last two weeks, I miss nothing

WELCOME BACK

[MrMiyagi]

NYADV is getting a little too high to my liking; might signal short term profit taking/reversal on Monday.

[Cobra]

Cobra - AAPL looking really good. I am assuming this is the leg up you were looking for from last night's report? Is your target from 7/11/12 still intact?

breakout indeed.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

[nicha]

Cobra - thanks. Really appreciate your input.

Cobra - AAPL looking really good. I am assuming this is the leg up you were looking for from last night's report? Is your target from 7/11/12 still intact?

breakout indeed.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

[BullBear52x]

NYADV is getting a little too high to my liking; might signal short term profit taking/reversal on Monday.

I am with ya, SPX is in Triangle. daily bullish bias so me thinks the selling will be bought.

[BullBear52x]

warming up, Bull bars if closes here. flat for the last two weeks, I miss nothing

WELCOME BACK

[Cobra]

Cobra - thanks. Really appreciate your input.

Cobra - AAPL looking really good. I am assuming this is the leg up you were looking for from last night's report? Is your target from 7/11/12 still intact?

breakout indeed.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

You're welcome. Enjoy the aapl trade as you know the aapl trading system would do today, don't you? Good luck with that.

[nicha]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

Cobra - thanks. Really appreciate your input.

Cobra - AAPL looking really good. I am assuming this is the leg up you were looking for from last night's report? Is your target from 7/11/12 still intact?

breakout indeed.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

You're welcome. Enjoy the aapl trade as you know the aapl trading system would do today, don't you? Good luck with that.

[Petsamo]

NYADV is getting a little too high to my liking; might signal short term profit taking/reversal on Monday.

X typically has a great day on days like today, but today, X is dragging

[Cobra]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

Cobra - thanks. Really appreciate your input.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

You're welcome. Enjoy the aapl trade as you know the aapl trading system would do today, don't you? Good luck with that.

I see. Why didn't you take profit yesterday? Now it's really hard to say. Frankly, I kind read the chart bearish as it could be just a bear flag or partial rise in a broadening wedge therefore is bearish. But it's not strong conviction therefore I say: wait and see.

[MrMiyagi]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

If you have made money on these calls you might want to sell; they are too close to expiry that a 7-10$ down day will chew up a fair bit of it that will not come back.
You could sell enough to cover all your buying and commissions and let the remaining ride.

That's my opinion, I always prefer to take profits than dream about Ferraris.

[Cobra]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

If you have made money on these calls you might want to sell; they are too close to expiry that a 7-10$ down day will chew up a fair bit of it that will not come back.
You could sell enough to cover all your buying and commissions and let the remaining ride.

That's my opinion, I always prefer to take profits than dream about Ferraris.

I think he means PUT?

[MrMiyagi]

Well now, this move here is easing off the NYADV issue...

[nicha]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

Cobra - thanks. Really appreciate your input.

aapl is still too early to say whether the 2nd leg up has started. http://stockcharts.com/public/1684859/c ... /260183775;

You're welcome. Enjoy the aapl trade as you know the aapl trading system would do today, don't you? Good luck with that.

I see. Why didn't you take profit yesterday? Now it's really hard to say. Frankly, I kind read the chart bearish as it could be just a bear flag or partial rise in a broadening wedge therefore is bearish. But it's not strong conviction therefore I say: wait and see.

Been in them since the 9th. Doubled down this morning (before the pop) to lower my cost basis. Close to even now. I have an order in to sell half at even and cover the other half with the 620's.

[nicha]

Unfortunately I have a large position of August $610's...kinda thinking about selling half or covering here.

If you have made money on these calls you might want to sell; they are too close to expiry that a 7-10$ down day will chew up a fair bit of it that will not come back.
You could sell enough to cover all your buying and commissions and let the remaining ride.

That's my opinion, I always prefer to take profits than dream about Ferraris.

I think he means PUT?

No, no. I have the August $610 calls @ $23.

[BullBear52x]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

[MrMiyagi]

No, no. I have the August $610 calls @ $23.

Hmmmm... that's a tough call... I guess it depends on what your expectations are for the near or long term.

[Cobra]

I think he means PUT?

No, no. I have the August $610 calls @ $23.

Hmm, you said unfortunately and "cover" so I thought it's put.

anyway, you now know my real view: It's neutral to bearish bias because the rebound today for aapl is not strong enough to eliminate bearish possibilities.

[Al_Dente]

Visual on the TICK with an $NYAD overlay
The tick can be a crazy honey badger
But the AD does not lie