The Intraday US Stock Market Discussion Board
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RSPCobra wrote:the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.
jamesmith wrote:so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl...Cobra wrote:remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.
Don't argue with Cobra because this thing certain can bite.dr659 wrote:RSPCobra wrote:the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.
Here's what happened at 2007 top.agree,don't get too greedy. what if there's no 5% gap up tomorrow?AK84 wrote:jamesmith wrote:so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl...Cobra wrote:remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.
the risk reward in aapl going into ER doesnt make any sense especially if ur holding options. Uve got a nice pop in vol over the last 3 weeks. dont b greedy . sell before like smart money does! buy back again after ER
put in a cover order at 1317.75soku wrote:when the moment comes, it comes.soku wrote:this is unbelievable. we are at 1323 already? i see buying powersoku wrote:market is in clearing trending mode. i think next target could be around 1324.
aapl is moving higher. per my calculation 378 is 100% target. we may wait here for er then shooting up to 420ish.
(disclaimer: i have aapl long)
i short at 1324 as planned this morning with tight stop. i just feel i need to put money where my mouth is
I meant what is RSP?Cobra wrote:Don't argue with Cobra because this thing certain can bite.dr659 wrote:RSPCobra wrote:the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.
true, thanks for advice ak84 and laoda, i will sell half of it first :mrgreen:Cobra wrote:agree,don't get too greedy. what if there's no 5% gap up tomorrow? :roll:AK84 wrote:jamesmith wrote:so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl... :? :shock: :o :roll: :|Cobra wrote:remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.
the risk reward in aapl going into ER doesnt make any sense especially if ur holding options. Uve got a nice pop in vol over the last 3 weeks. dont b greedy . sell before like smart money does! buy back again after ER
Thank you guys, I'll see you tomorrow.I know what you meant. The answer should be very clear now, right? RSP is just another ETF. I think I've been saying this in my daily report for quite a time.dr659 wrote:I meant what is RSP?Cobra wrote:Don't argue with Cobra because this thing certain can bite.dr659 wrote:RSPCobra wrote:the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.
