Stock Market Intraday Chat: Apr 23rd - 27th - Page 24

I took 99s and called it good.

simple daily range back to POC trade. 

 

MFE 2.5 points (10 ticks)
MAE 2 ticks

Profit Factor +5

Ding ding ding!

 

Thats a wrap!

 

 

have a nice weekend everyone

SPY needs about 0.40 gainer Monday for a green April.

AAPL w/ one day left this month is ridiculous doji, H 644 L 555 C 603 all on the .00s

ES looks to be back on track to test it's recent highs near 1420.

1500 monday

 

jk in spy puts

 

 

 

I don't know why you did that but damn good move.

 

 

Thanks, Bob. I've learned to never fade when price is above the next days buyers auction.

Price failed to hold the 02 level, so I entered short with minimal risk at 01.5

The first target is always the nearest daily POC. 

 

 

yes sir! I'm showing tuesday as the day, just corresponds with my charts for some reason. /ES and /GC both looking for nice gains by then. Could be wrong but i placed my bets today on this.

 

 

Great trade. I liked the fade after the double top. Wish I was watching it that close today.

 

So impressed by you. I like how you talk through your trade on here.

 

Great weekend everyone! I'm off to the sportsbar to watch draft.

 

 

what happens when the 50dma and the 200dma cross? isn't that the "death cross" ?

 

b/c that's what looks like is going to happen on the monthly spx chart

if its downward yes..

 

Looks like apple is turning into a loser trade. I have a stop in place now at 595 im not gonna let what happened a few weeks ago happen again.

 

Apple is now down most of the time.

 

 

 

 

Please don't sell, I feel like you'll only buy at a higher price after selling at these levels. I have calls in the 700s that expire Jan. 2013. Think about it; two weeks before the earnings report came out AAPL reached an all time high of $644. Do you really believe that it won't reach this after having such a blow-out quarter? I expect $700+ by June.

YUP.. financial crisis coming to a world near u

 

 

 

 

Nate is doing something very smart here if I had shares I would look at that $595 level too.  Who knows what can happen even with AAPL!  It's holding its gap up pretty decent I mean people are complaining its not moving more it had a 40-50+ earnings gap up! the fact that it hasn't given back half of that move is really damn impressive.  I would've loved to have kept buying puts on AAPL but after a monster move it had and the fact that it's hanging tough I dont know I just can't do that.  I have some $610 calls for next week I think it can atleast come back up to that $618 that it had on the gap up for retest.

 

If you look at what AAPL did during the last earnings gap up it gapped up and held.  Had a few days after where it just stayed in a range and then broke out slowly above that gap up high.  

(again, this is way different time period too we're about to enter worse economic conditions)

 

 

I'm with a lot of people on here though all the economic data is bad I mean it was different during Q1 the data was good(better is probably the word to be used).  People should be reacting to it but they are not.. I can't argue though with what the market is doing so I'm just going to try and play what it gives for now.  

 

 

Short term I would get out at $600 and try to catch it going up but you may miss it. Tough decision Nate but I would not let it go down to 595. Next level of support is $592.75. You ever listen to Kenny Rogers sing 'The Gambler'? "Ya gotta know when to hold em, know when to fold em".

 

 

SPY not heading down at this time, although could always get a pullback.

AAPL just consolidating it's huge pop after earnings.

IMO, aapl was driven down before earnings by media hype, band-standing analysts, and panicked investors... so I don't consider that it "gapped up", it just returned to its previous value because of killer earnings.  That's why it's not "gapping" back down -- it's not overvalued by any stretch of the imagination at this point, if anything, it's undervalued here.

I'm amazed that anyone would be betting against aapl after that earnings report... must be the thrill of taking the contrarian view.

 

 

 

Nate should do what Nate wants to do.