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What is the seasonality for MOnday ? Also first day of the month ? Bullish even though we normally see bearish mondays now ?
very very bullish.
So Cobra is going to hold long position over the weekend ?
yes, always hold until the very first failed trade.
Bespoke says:
"With a modest gain so far today, the Nasdaq is on pace to finish higher for the eighth day in a row. Since the current bull market began in March 2009, there have been four prior streaks of eight up days in a row. On the ninth day, the index has averaged a gain of 0.59% with positive returns half the time. One week later the returns are even more impressive. Following each of the four prior streaks, the Nasdaq has averaged a gain of 2.52% with positive returns every time."
andyway wrote:has anyone on this board made a trade today ?
Longed in the morning, half out already, breakeven the rest.
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andyway wrote:has anyone on this board made a trade today ?
i sold some IYR OTM puts today in the morning for a 1 day gain of 50%. I am back in those puts as of 12:30 PM EST. May not be the exact top but I'm comfortable long-term and short-term with them.
Last edited by cletus on Fri Apr 29, 2011 2:06 pm, edited 1 time in total.
andyway wrote:has anyone on this board made a trade today ?
Speculative Long Call in BIG target exit when Williams %R(14) reaches -50 on the daily chart.
I want to say SPY has hit it's high for the day and def think we'll see a pullback on at least an intraday basis next week, but just can't bring myself to get a put yet due to Bullish Monday. Maybe Monday will be like 3/1, but that was a turn around tuesday in a completely different market to now, so who knows...
andyway wrote:has anyone on this board made a trade today ?
Longed in the morning, half out already, breakeven the rest.
Cobra, do you usually post your trades here?
No I don't. but if I have time and in a good mood, I keep telling you when there's a pullback and when there's a rebound real time. guys here should know I'm mostly right. Right guys?
For real time intraday trading signal, I'm not ready to give out yet.
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Cobra, do you usually post your trades here?[/quote]
No I don't. but if I have time and in a good mood, I keep telling you when there's a pullback and when there's a rebound real time. guys here should know I'm mostly right. Right guys?
For real time intraday trading signal, I'm not ready to give out yet.[/quote]
Thanks Cobra. Hope you're in a very good mood this year and have lots of time.
Artyomzzz wrote:Thanks Cobra. Hope you're in a very good mood this year and have lots of time.
The main reason I'm not giving intraday signal is it gives me pressure and therefore my read on the market could be biased. Besides, all my trades use buy stop only, so if I say too much, the entry price would be far far above my expectation.
I think as long as I can tell precisely when to pullback and when to rebound, should help a lot for you guys to time the entry. So the main focus for me here is to do less trade per day (better no trade) therefore able to have a nature mind. Only a nature mind can read the market correctly.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Artyomzzz wrote:Thanks Cobra. Hope you're in a very good mood this year and have lots of time.
The main reason I'm not giving intraday signal is it gives me pressure and therefore my read on the market could be biased. Besides, all my trades use buy stop only, so if I say too much, the entry price would be far far above my expectation.
I think as long as I can tell precisely when to pullback and when to rebound, should help a lot for you guys to time the entry. So the main focus for me here is to do less trade per day (better no trade) therefore able to have a nature mind. Only a nature mind can read the market correctly.