11/20/2012 Live Update

[ClarkW]

Hey ClarkW & the rest of ya'll,
Here are a couple of stocks that Obama has been good to: RGR & SWHC

Be careful with those...

Agree TG. I would be cautious on initiating positions on either of those. Worried that ramped up in fear of Obama getting re-elected and now it's a "sell the news" situation. Also I would think they will both have difficult comps to overcome next year with all the hype and fear this year. Just my two cents

[TraderJoe]

Hey ClarkW & the rest of ya'll,
Here are a couple of stocks that Obama has been good to: [url=http://www.marketwatch.com/investing/stock/rgr/charts?
Be careful with those...

I owned a TON of SWHC in 2008 when it dropped from $10 to $6 in less than a week...I'll never forget that trade..

I've been wacked like that as well....not fun...

Now, when I have a big position, I cover my butt with put options... It was a down grade that got me

[Petsamo]

Hey ClarkW & the rest of ya'll,
Here are a couple of stocks that Obama has been good to: RGR & SWHC

Petsamo, you should be thinking about winding down your longs...focusing on index etf's instead...just my 2 cents...

My portfolio has very minimal individual stock exposure. CLF was intended as a bounce scalp.

I wasn't looking at dividend yield, I was looking for a bounce.

Do you have an indicator or pattern you rely on for looking for the bounce?

EWZ divided by CLF indicated that CLF was very beat up and I was expecting a bounce. It didn't work out.

[ClarkW]

Do not own but does this meet your dome idea, Dr. Al?

[Al_Dente]

Reminder
Nyadv = 1400
Nydec = 1400
50/50 still
No wonder we get whips and chops
Now a squeeze-ette...

[Harapa]

Harapa,
I am going through trading signals for finding your discussion. Question Can this be traded solely based on hourly signal I am busy at work and can't monitor 5 min chart that well. Once I setup the hourly chart I can monitor stockcharts hourly and decide. If I understand you correctly you wait till hourly is bullish and then go long.

Trading strategy and trading a strategy are two different animals. VIXies setup is a trading strategy. As we all have different reasons to trade in certain way (you just mentioned time, but there may be many other) you have to decide how you want to use it. But before you commit a penny to it my advice to you is to understand the strategy and then paper trade some time to get the feel of it (this is what Rusrod is doing at the moment). This will help you understand the limitations of the strategy. Preserving capital is more important than making profits in trading.
Yes, it can be used in any time frame, you may need to adjust your expectations. For hourly as a rule signal is only triggered at the completion of the bar, but this doesn't mean you can't trade intrabar, especially if you can conclude that signal will be sustained till the completion of the bar. To see what difference it will make to your trading profits you will need to test it first (thus paper trading) though!
GL2U

[Al_Dente]

Do not own but does this meet your dome idea, Dr. Al?

Too wanky for me boss……..i like the super clean (easy) domes/inverted domes
(KENA is “Dome King”……..perhaps he will jump in here)

[Harapa]

PAGING RUSROD

If we close at this position of VIXies do you think risk of gap down is higher (give a number if possible) than gap up or it is vice versa?

[Cobra]

mini pullback target? before bears could reach the target, I'm neutral.

[MrMiyagi]

Was looking like a nice rebound.. maybe another leg to the finish.

[toddymc]

Possible Inverse H & S forming on VIX

[gappy]

Harapa,
I am going through trading signals for finding your discussion. Question Can this be traded solely based on hourly signal I am busy at work and can't monitor 5 min chart that well. Once I setup the hourly chart I can monitor stockcharts hourly and decide. If I understand you correctly you wait till hourly is bullish and then go long.

Trading strategy and trading a strategy are two different animals. VIXies setup is a trading strategy. As we all have different reasons to trade in certain way (you just mentioned time, but there may be many other) you have to decide how you want to use it. But before you commit a penny to it my advice to you is to understand the strategy and then paper trade some time to get the feel of it (this is what Rusrod is doing at the moment). This will help you understand the limitations of the strategy. Preserving capital is more important than making profits in trading.
Yes, it can be used in any time frame, you may need to adjust your expectations. For hourly as a rule signal is only triggered at the completion of the bar, but this doesn't mean you can't trade intrabar, especially if you can conclude that signal will be sustained till the completion of the bar. To see what difference it will make to your trading profits you will need to test it first (thus paper trading) though!
GL2U

http://www.artemiscm.com/research/volat ... erception/ Fear not fundamentals is the best reason to own stocks now. I repost this, long read with interesting hypothesis.

[TraderGirl]

Do not own but does this meet your dome idea, Dr. Al?

Looks like a potential double top..chart had a similar pattern back in 2008...

[KENA]

Do not own but does this meet your dome idea, Dr. Al?

Too wanky for me boss……..i like the super clean (easy) domes/inverted domes
(KENA is “Dome King”……..perhaps he will jump in here)

No...Long term domes move to slow..I like the day/Week domes.

[Cobra]

shy of the mini target but this 3rd push up is not strong, so could be 3 push again, bears are not dead (not enough time though).

[KENA]

Do not own but does this meet your dome idea, Dr. Al?

Too wanky for me boss……..i like the super clean (easy) domes/inverted domes
(KENA is “Dome King”……..perhaps he will jump in here)

No...Long term domes move to slow..I like the day/Week domes.

[KENA]

Do not own but does this meet your dome idea, Dr. Al?

Too wanky for me boss……..i like the super clean (easy) domes/inverted domes
(KENA is “Dome King”……..perhaps he will jump in here)

No...Long term domes move to slow..I like the day/Week domes.

[rusrod]

PAGING RUSROD

If we close at this position of VIXies do you think risk of gap down is higher (give a number if possible) than gap up or it is vice versa?

Sorry late, Harapa...computer difficulties...

I think my VIXies are inconclusive at this point.

[Petsamo]

My spreadsheet's indicating neutral to slightly bullish

[TraderGirl]

Tomorrow is a turn date on neg d...