For those that think I asked MPR a stupid question here's 2 definitions of LOD and I simply asked his perspective.

Low Of Day (LOD)

Venom, Apple has a 1.26 beta meaning it should be a little more volatile than the S&P. Its a tech stock so its normal. The beta is also calculated using a certain time frame which isn't standard, so AAPL has moved big in the last few months and I don't know if there is such thing as "Current Beta" which looks at the volatility in a shorter time span.

It should only be down about 1% if the S&P is down .72% like it is today.

So you're right it is down almost double the expected using a historical beta of 1.26, but that seems really low to me, probably using multiyear price variances.

would of one of you chart gurus mind telling me what you think about TEN?  it normally follows the market, but has just been destroyed over the last 2-3 months.  thanks in advance!

I'm definitely looking to buy a SPY call spread right now. Probably the 125/128 for next week's expiration.

If SPY was flat until next Friday it would be a 25% gain, if it goes up only .6% to $128 to give me the max gain of 63%.

If it goes down .6% to $126.50, I would lose 20%.

Risk reward seems pretty good. Volatility at 27% kinda high but not too bad.

Quote:

Originally Posted by OldFart 

Spy support coming coming up very soon.
Looks like Herman Pu will catch another bounce tomorrow.

The support range that I had in mind for the s&p was around this level here 1260-1265, we'll see if we get a bounce or if we fall through it.

Quote:

Originally Posted by StockJock-e 

Overnight support levels getting a little bounce

 

Im taking ES 1267.50 long

Damn, you got nerves of steel. GLTY.

I'm sure you know more about the company than we do, but looking at the chart, $25 area seems to be a good support, thats where it is now. I wouldn't be shy about buying it, especially with an 11 PE.

A company that helps maintain cars should be fine because cars on the road are avg 10 years old.

Looking at the recent earnings, analysts seem to be worried about the price reductions and cheaper line of products that have come out.

The CEO seems to be confident that in the long-run that his strategy will help keep the company competitive and improve market share.

Most stocks follow the overall markets, so I usually just trade SPY, don't really know how to analyze specific stocks.

Quote:

Originally Posted by neptune 

would of one of you chart gurus mind telling me what you think about TEN?  it normally follows the market, but has just been destroyed over the last 2-3 months.  thanks in advance!

Quote:

Originally Posted by neptune 

would of one of you chart gurus mind telling me what you think about TEN?  it normally follows the market, but has just been destroyed over the last 2-3 months.  thanks in advance!

Looks like the guru's are busy so here's  a stock turkeys view..

Can see a few bottoms there.. may have lower to go.. hopefully this will spark a comment from a *hipster, analyst... or dare I say it.... SJE himself.....    

I guess there was enough people thinking red today so, red it is .

Where the hell are these guys when you need them

thanks for the replys on TEN!!  i was thinking it is around a bottom (hopefully)!

Had some nice scalps here today off the $PCLN $AAPL.  had this day pegged for more downside than we're at currently.  $GOOG and $AMZN are hanging tough in this crap tape really impressive

intraday double bottom looks like a good support we're bouncing off of right now. Could be the start of stabalization after so many days of red.