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CVS may be a good

Posted by frtaylor on 11th of May 2021 at 11:29 am

CVS may be a good day trade - bull wedge on 5 min chart.

APPS up 16% from the

Posted by frtaylor on 11th of May 2021 at 11:26 am

APPS up 16% from the open.  It's early, I wonder if it will hold to EOD.

Is there a way to play this area of the market short (i.e. inverse fund) in an IRA other than with a put?

Those tick charts are great,

SPX short term levels

Posted by frtaylor on 10th of May 2021 at 02:40 pm

Those tick charts are great, thanks!

Great trade, thanks. Just closed out the last of my position.

APPS - down 10% in

Posted by frtaylor on 7th of May 2021 at 09:28 am

APPS - down 10% in a day, whew! Holding a very small long term position. I would have bought a put had I looked at the chart at the open. Looks like it has more downside ahead. NTA.

INTC (daily chart) made a

Posted by frtaylor on 5th of May 2021 at 02:32 pm

INTC (daily chart) made a nice doji yesterday with neg divergence. Also, it's inside the BB which is a kind of neg divergence vs. previous low. It has already triggered (price today went above yesterday's high) but hasn't got going yet.

This is a great setup for a buy that I learned from another trader. When you have a push through the upper BB, w/ volume, look to buy a pullback into support, like prior highs or the 9ema, etc. It might be sometime the 1st day after the initial move , or the 2nd day. The point is that the high volume first day that shot through the BB tells you there's enough demand that buying a pullback is likely to be successful. Matt talks about buying pullbacks in other situations, but this one is a particular setup regarding volume and an initial move above the upper BB. Particularly good when the BB's are somewhat tight or "pinched."

Look out below? SPX 5

Posted by frtaylor on 4th of May 2021 at 03:17 pm

Look out below? SPX 5 min chart.

Is the SPY trailing stop EOD or immediate?

Will be watching price at the VWAP if it gets up to it.

INTC may have a double

Posted by frtaylor on 4th of May 2021 at 11:34 am

INTC may have a double bottom (intraday).  Here's a 5 min chart.

Hope price pulls back in the next couple days, might be a good buy opportunity w/ a tight stop. I closed my SPY trade last week.

INTC - anyone care to

Posted by frtaylor on 3rd of May 2021 at 02:30 pm

INTC - anyone care to comment on the chart? Sure looks like a good long term buy here. Thinking maybe a Jan 2022 call or two.

Gold and gold stocks are

Posted by frtaylor on 3rd of May 2021 at 02:26 pm

Gold and gold stocks are so hard to trade (for me anyway).  I sold my position in GDXJ on Friday of course. Had held it since December. 

SPX symmetry break to the

Posted by frtaylor on 30th of Apr 2021 at 12:13 pm

SPX symmetry break to the upside on the 5 minute chart.

CVS breaking out.

Posted by frtaylor on 30th of Apr 2021 at 09:43 am

CVS breaking out.

PSX - seeing some higher

Posted by frtaylor on 27th of Apr 2021 at 03:03 pm

PSX - seeing some higher volume buying in the last 1/2 hr.

HAS - watch for an

Posted by frtaylor on 23rd of Apr 2021 at 10:28 am

HAS - watch for an intraday red to green move, could get long w/ a tight stop.

QQQ, hourly chart.  Head &

Posted by frtaylor on 22nd of Apr 2021 at 02:02 pm

QQQ, hourly chart.  Head & Shoulders look, with neckline/support zone. Time to pop some popcorn....

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