Stock Market Intraday Chat: Apr 23rd - 27th - Page 4

 

 

I edited my post and added the apology. Sorry for the misunderstanding.

 

It's quiet because novice traders cannot simply put on a trade and see immediate profit. If they do, they get whipsawed around and shook out. 

 

       On days where the market is trending one way, this weekly thread is poppin'. 

People should be lurking and asking questions on days like this to to the guys that manage to navigate the market still.

The posts on this thread should work the opposite way; more posts in times of confusion then times where the money is easy. But then again, that's what makes the market. There's a reason it's said that only 6% of traders make it full-time. 

i wanted to hold my PCLN short longer but decided to cover todya in case apple suprised. shorted at 714 covered at 684. PCLN deserves to fill that gap but i cant bet against apple lol

 

 

Me and you use a similar color scheme:

 

 

I'd love to see a push above the 25% regression channel and above 68.75... that would make for a potential bullish case to 82ish. Failure to break back into the value area and past that 25% regression line could yield a bounce down to 50ish.

 

 

I've been getting whipsawed for sure. To all of the pros out there, I'm looking to short SPY this week (I trade mostly option spreads) and maybe go long on TXN within their channel assuming they hold their premarket gap tomorrow. Does anyone have any comments or advice about this? Good/bad idea, or should I just sit out for a few weeks though earnings?

 

Option premiums got destroyed today. I was looking at AAPL May calls and puts and every single one of them is in the red. Even some of the puts I got yesterday ended in the red even though the equity itself was in the red. Oh well, I'm so anxious about AAPL earnings tomorrow....

 

 

looking sexy 

How much of a bounce do we get? Spanish bonds nearly double what a disaster over there. The Dax is up but does that fade into the close. A lot of big moves have come from the overnight. Usually don't want to have to hold overnight but to really get paid on those big moves need to take some risk. I'm looking to jump back into the 137 spy may puts only thing that worries me a bit is if AAPL just crushes and rips higher bringing some of the market along for the ride. How many people short would get squeezed along with that?

1374 is still the target on ES.

 

 

 

 

Yep. So is 1364.

 

 

OK, 1364 hit, now where do we go? I think we get a bounce around 1363.5 and head north.

 

I think we rotate all day, bearish bias 

dunno about a big bounce when apple has reversed over $20 in premarket from its highs. Euro kind of holding the market up here IMO

depends on home sales at 10 too.. really just comes down to how they need to cook it

However the forecast is so poor anything around it or near it is pretty sloppy imo.. 

AAPL taking a beating here.  The AT&T earnings report showed q/q less activations.  I still think AAPL will probably do well here CHINA could make up huge ground for any loss they have here

aapl down 2%? close the 500 i saw in my dream.. keep dropping aapl only a little more to go

.00 HOD on AAPL