SPLK

Posted by jdaswani on 24th of May 2018 at 03:25 pm
Title: SPLK

Splunk and Nutanix report today

DATA Updated View

Posted by jdaswani on 24th of May 2018 at 03:15 pm

Splunk and Nutanix report today after the bell. Data usually trades off those names during earnings. So you may want to keep an eye on that. 

Matt, Let me help out

Trade Ideas comments

Posted by jdaswani on 23rd of May 2018 at 10:54 am

Matt, Let me help out if you don'y mind

Position sizes tend to be arbitrary based on risk tolerance. For argument sake.

You have $50k trading account, Normally it is not wise to exceed 10% of your portfolio. Can change depending on tolerance and stops.

So you have $5k per idea, Now if you keep your stop at 5% of entry, Max risk you take is $250 (Assuming NO GAP risk) 

$250 loss on 50K is only .50% 

Now if you told me, I am ok losing 1K on a trade, than you can adjust position size up to 4x, while keeping the stop on. 

Alway keep an eye on Volume, You don't want to get too large on a position if it does not trade at least 100k shares a day.  If volume is low, keep position size small too, you don't want to get larger than 5% of Average Daily Volume. So if it trades, 50K shares a day, most you take is 2500 shares. Even if that is below your calculated position size.



SPX 15Min - Extended out

Posted by jdaswani on 18th of May 2018 at 12:42 pm

SPX 15Min - Extended out TL, we broke for 2nd time today. 

JROGER, Look at the CCI

Yield Curve

Posted by jdaswani on 18th of May 2018 at 08:44 am

JROGER, Look at the CCI on this chart, most oversold compared to other similar period with positive divergence setting up.

$TLT looks ugly, but can

Posted by jdaswani on 17th of May 2018 at 03:26 pm

$TLT looks ugly, but can settup double bottom. Divergence setting up. The summer rally needs a catalyst, I think its rates, NAFTA and China deal that will catapult us higher. ST just chop / digestions from wedge breakout. 

Same game he plays every time,  sets expectations low, so he can take praise when deal happens

Is that bullish or bearish? 

Bradley dates only predict turns - doesn't specify direction or markets. can apply to commodities, equities, debt - doesn't really matter. I have tracked this for 4 years now and every turn date is not specific to a particular end market. Friday was the turn date - so it could very well apply to equities based on move. Time will tell. I just use Bradley dates to be minndful of major turns. can't really trade off of it. 

Friday Observation - Nothing technical

Posted by jdaswani on 4th of May 2018 at 12:53 pm

Friday Observation - Nothing technical about this post except we are bumping against 20 dma. Today is Friday and recently the market fades off into the close ahead of the weekend. Given the political revelations this week and china trade mission not producing result. I shorted some SPY @ 265.49. Plan to cover before close of above  the 20 dma. 

$SPX - 200dma being defended,

Posted by jdaswani on 3rd of May 2018 at 10:16 am

$SPX - 200dma being defended, 2 touches now, if it breaks, we could flush down

Interesting observation, I am on

Tuesday Newsletter

Posted by jdaswani on 2nd of May 2018 at 08:19 am

Interesting observation, I am on the CVS earnings call waiting for it to begin, Music in the background is soft jazz, I decided to listen to the newsletter and the audio overlays on top of the soft jazz, makes the viewing of the newsletter even better. Voice over the music with the charts works well. 

AAPL System? Does she go

Posted by jdaswani on 20th of Apr 2018 at 02:02 pm

AAPL System? Does she go long today?

I am a big fan of covered calls. helps u keep fav positions and collect a dividend. doesnt work if u expecting a waterfall selloff. I use cash / covered calls mostly for hedging



$VIX is currently below the

Posted by jdaswani on 17th of Apr 2018 at 12:11 pm

$VIX is currently below the lower BB- Something to keep note of

Same game over an over. Market gets killed on Fridays as investors fear the unknown Twit/firing/war over tghe weekend. Market will rip Monday morning if nothing bad comes out lke the previous week.

OKTA is a very interesting

Posted by jdaswani on 12th of Apr 2018 at 10:05 am

OKTA is a very interesting story. I normally don't trade on charts but noticed this one in the newsletter. I looked up the name, its a Single Sign On Cloud company for customer management. It has all the key buzz words, SAAS and Cloud and it's been growing fast, Last year revenues grew by 68%. I bot 1000 shares today and am gonna let it run. Short term could be volatile but this is a small cloud co, $4 billion market cap, that will likely get gobbled up in the next couple of years. Co was founded by one of the original employees of Salesforce.com in 2009. 

Matt, not referring to SPY.  I might be aging myself as a customer, but I do recall you had a chart system on general market. which highlighed or caught trend days after the first 30mins.  I had it saved on stockcharts, but i cannot find it. 

Matt do you still have

Posted by jdaswani on 11th of Apr 2018 at 09:58 am

Matt do you still have the trend day system.  Just like last week, mrkt gaps down after a politician speaks (Legard IMF) this week. Market was bot at open and rallied the rest of the day. coincidentally it was also a wed, Market acts like it wants to be bought long. Any thots would be appreciated.

SPY Bear Flag - Keep

Posted by jdaswani on 4th of Apr 2018 at 10:25 am

SPY Bear Flag - Keep an eye out - Very ST Time frame

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