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 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."
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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
ARKK Innovation ETF. Poster child of the 2020 pandemic mania ...
Posted by frtaylor on 10th of May 2021 at 02:46 pm
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
man CVS continues to run away
Posted by frtaylor on 10th of May 2021 at 02:29 pm
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
Update on LTCN - up another 17% so far today ...
Posted by frtaylor on 5th of May 2021 at 10:40 am
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
SPY Breakout system new trailing stop 410.79
Posted by frtaylor on 4th of May 2021 at 12:19 pm
Is the SPY trailing stop EOD or immediate?
Will be watching price at
$SPX - Chart Link - on the 5 min SPX ...
Posted by frtaylor on 4th of May 2021 at 11:41 am
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
SPY Breakout system new trailing stop 410.79
Posted by frtaylor on 3rd of May 2021 at 04:56 pm
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....