HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Today : June 4th - 8th
New Posts  All Forums:Forum Nav:

Stock Market Today : June 4th - 8th - Page 8

post #141 of 850
Spy support coming coming up very soon.
Looks like Herman Pu will catch another bounce tomorrow.
post #142 of 850
Thread Starter 

If we do get some solid bounce, it would fit in well with my count:

 

https://www.tradingview.com/x/oNzoZxI5/

post #143 of 850

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)

Low Of Day is the lowest price traded at in a given day. The shorthand used for this is LOD.

The same security can have different LOD's depending on the trader's perspective. If a trader is looking at a symbol that has an RTH session as well as an Overnight Session then the LOD could be different to the LOD created by the 24-hour trading session.

The LOD and it's opposite, the High Of Day (HOD) are important because these are the extremes of the market and being able to pre-determine and forecast either of these values will result in profitable targets or entry points. Being able to determine both LOD and HOD is extremely profitable as it would mean that your potential profit is the same as the range of the day.
post #144 of 850
So far EW has been pretty accurate.

QQQ still on track for one more leg down.
post #145 of 850

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.

post #146 of 850
Thread Starter 

A couple of -1100 TICKs, this is the push to the ES overnight support

post #147 of 850

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!

post #148 of 850

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 View Post

Spy support coming coming up very soon.
Looks like Herman Pu will catch another bounce tomorrow.
post #149 of 850

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.

post #150 of 850
Thread Starter 

Overnight support levels getting a little bounce

 

Im taking ES 1267.50 long

post #151 of 850
Quote:
Originally Posted by StockJock-e View Post

Overnight support levels getting a little bounce

 

Im taking ES 1267.50 long

 

Damn, you got nerves of steel. GLTY.

post #152 of 850

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 View Post

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!

post #153 of 850
Quote:
Originally Posted by neptune View Post

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.....     worship.gif

 

 

ten.png

post #154 of 850

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

 

Where the hell are these guys when you need them biggrin.gif

 

 

http://dexartist.files.wordpress.com/2011/10/ben-bernanke-fed_8652.jpg

post #155 of 850
Thread Starter 

Financial stocks not getting any lift, I need to see JPM get some bids here at $31, its a nice round number.

post #156 of 850

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

post #157 of 850
Thread Starter 

Buyers giving it another shot, this time taking out 1270.

 

They are trying to fire maneuvering thrusters

post #158 of 850

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

post #159 of 850

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.

post #160 of 850
Thread Starter 

AAPL hanging on nicely, GOOG not too bad either

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Stock Market Today
HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Today : June 4th - 8th