Stock Market Today : June 25th - 29th - Page 10

Aapl having a tough time

I also picked one instrument. SPY etf because I can be diversified and not worry about a single company having earnings or some unexpected event overnight. SPY options are also very liquid and plentiful strikes. So all I have to worry about is the price of SPY :)

thoughts on shorting FB?

Quote:

Originally Posted by hermanpu 

I also picked one instrument. SPY etf because I can be diversified and not worry about a single company having earnings or some unexpected event overnight. SPY options are also very liquid and plentiful strikes. So all I have to worry about is the price of SPY :)

Only thing to worry about now is Europe 

I also like playing SPY because of that reason. Hate it when I'm long/short a stock and it gets an upgrade/downgrade out of nowhere. But it works well when your stock holds up well in a triple digit loss in the markets 

Quote:

Originally Posted by rando 

ES 30 min been in a tidy regression channel off 1357. Looking for it to break in the next two hours and trigger some short covering and the formation of a new upsloping regression channel over the next 24 hrs.... objective unclear, thinking a test of something in the 1330s this week before it gets really tough again.
Credit to MPR for the format colors for my channels... tried something different but his format was too pretty to pass up!

Using the right color scheme makes all the difference.

Quote:

Originally Posted by Rock Sexton 

Random question ....

 

Do you guys find it easier to put your eggs in one basket and manage 1 position/trade at a time?  Or do you prefer dynamic positioning over a basket of stocks and simply manage the money?

Wondering if this is the right forum for that question ( not thread, not redirecting you here just so we are clear!) By forum I was thinking of institutional traders and what they do. I wonder if they just trade a handful of stocks or just focus on one. If multiple stocks then how many are they trading.

I find more than 5 hard work personally.

On a side note managing DATA which is essentially what we do here should be done as efficiently as possible always refining methods and looking for improvement. What can you do to improve your work station to reduce stress and improve ease of use?  No harm in doing a review and seeing what improvments you can make to your way of working.

Good grief my lean sigma is showing .. 

spread over.. but only b/c i love multi-tasking

Quote:

Originally Posted by Rock Sexton 

Random question ....

 

Do you guys find it easier to put your eggs in one basket and manage 1 position/trade at a time?  Or do you prefer dynamic positioning over a basket of stocks and simply manage the money?

Quote:

Originally Posted by hermanpu 

I also picked one instrument. SPY etf because I can be diversified and not worry about a single company having earnings or some unexpected event overnight. SPY options are also very liquid and plentiful strikes. So all I have to worry about is the price of SPY :)

The reason I posed the question is simply this ...... It's my observation over the last few years that aside from the markets impacting the success rate of a setup in any particular stock, there's also the random distribution of wins vs. losses.  It's far too simplistic to assume that a setup that worked in one stock will work in the next.  Each stock has different behaviors to its own.  

This morning  I had 3 stocks I was eyeballing.  Looking over the +/- tick factor, had I carried all three instead of just one .... I would've netted a +130 tick instead of a -20 tick.  By doing this one becomes a risk manager more than just managing a trade.  Different strokes for different folks, but I have to admit it has become more appealing to me than going in on one stock if I like multiple. 

Quote:

Originally Posted by o7media 

 

I think we'll see a nice rally into the close. Close near or above 132.20 ..and head for 133 tomorrow.

 

But I just bought SPY calls so I have a biased opinion 

Making new highs. Testing that 20 ma now. Gonna hold my calls overnight for 133 tomorrow.

exactly, aapl heading up and market making new highs

Quote:

Originally Posted by hermanpu 

I hope so too Rock, I got a 128/133 spy call spread. This mornings flush had me worried. I guess now that all the bad news and weak longs are out, a relief rally is probable

Shouldn't be long now.  We got that push.

Quote:

Originally Posted by RetireYoung 

Aapl having a tough time

Yeah, very strange to see AAPL lagging

Took off half of my call spread, looking to do some short scalping as well.

I only trade individual stock options when I see a compelling risk/reward, such as a stock beat down 50% in the past few weeks and down another 10% on a missed earnings or something. I would be buying calls looking for a bounce. I was just looking at BBBY this morning, bed bath beyond has been crushed lately. Got sidetracked and didn't buy calls but it would have been a nice gainer.

Same if the stock is severely overbought and gets another short squeeze on some event that causes it to spike a lot that day.

Anymore drastic catalysts are neglible at that time because the stock has made such large moves already.

Examples of stocks I've traded recently are,

Calls

RIMM severely beat down after earnings, after being down 80% from the highs, potential buyout play

GMCR severely beat down since Starbucks competition, Einhorn fraud investigation, technology off patent

FB severely beat down since IPO, many institutions probably need to pump it back up

Puts

PCLN severely overbought, gapped up on earnings report

CMG severely overbought gapped up on earnings report

LNKD severely overbought, second derivative play against failed FB IPO

Sorry for the mess of colors, Im just slapping on additional fibs and Elliott waves onto a bigger long term chart, so everything is overlapping.

What Im thinking here is that this can go to $133, in that range I want to see some failure and non-confirmation of strength on some leaders like AAPL and JPM, if that happens, I start positioning for the downside.

Measured moves on the last two series of higher lows on SPY are 7pts each.