If we can find some short selling candidates that will be great.
I see ebay as one just from the chart. tech is another one. bbwi,
wst. NET dropped 27% in about 3 weeks. It is better to find
high PE and high priced without earnings stocks, not exactly know
how to do that in FINVZ, or may be looking into ark(x)
holdings.
Good buy, I didn't buy large just LABU, because I bought banks
and oil. Sentiment is only a reference to me but not a decision I
use to buy. The way I look at it is this. Overnight vix was up 12%
just before market opened, this was not much, and it went up to
only around 20%, when qqq dropped below daily trendline but OS, so
I thought this does not look like panic selling to me, but just a
drop then bounce (qqq undercut and OS, and spy just about touching
lower trendline and OS) so I sold my shorts. I could be wrong, of
course. One thing though is I forgot to buy SPY calls, too busy
looking at banks and oil, and to close shorts.
For XBI, is this THE low moving forward? I am not asking a
question. XBI stopped at 2018 support. I am planning to hold LABU
for long term, unless we get a retest of this low.
I was anticipating an up close and thought of risking going long
SOXL but you never know how it would end, and since I went to bed I
could not see where the intraday low is to set my stop. The low
seems to be where I sold my SOXS. I will re-load IWM and NVDA
short if condition allows, and add to my XRT or RETL short.
My CURE was stopped out only to find it green after I woke up,
rebuying it. IYR traded with a long tail but I am not buying DRN. I
bought LABU just before close.
qqq is below the uptrend line and spy is just above its uptrend
line. Both OS. I covered my shorts, except for XRT, still holding
puts. But my long banks and oil is getting hammered too, buying
some banks and oil stocks. If market drops will Fed changes its
mind, and if so, this may affect rates and banks / oil stocks, a
bit risky to buy here.
I am definitely underweight banks now, and a pull back would be
ideal. CMA and FTTB are the ones that I hesitated to buy on break
out, but should have.
I also prefer to short after a stock enters a bear trend but
rallies to 20ema, like ARKK down 12% in 4 days or other ARK funds.
Once a trade is entered and the direction is correct, trail the
stop. Or buy puts at the same 20ema mark. The previous leaders are
now crushed, like net, upst, crwd, aehr, asan, etc. they fell like
rocks.
I have entered TZA and IWM puts on Thursday, a bit early, but my
plan is to add to my TZA and puts to build a larger position if /
when IWM rallies up to 20ema, or if IWM trades sideways and let the
20ema catches up (similar to ARKK's recent move). There are 2
candles being rejected at 220 on IWM which is close to 20ema, but I
was asleep and could not enter the short at those price, will try
to set a bracket buy order instead. IWM weekly MACD does not look
good, but IWM is close to support.
I bought TNA when IWM reversed from Dec low and was thinking if
IWM can trade to 228, but it was rejected by its 50dma and
horizontal resistant in 2 spots in early Dec gapped down and my TNA
was stopped out. But Wednesday's drop was too quick and I was not
prepared to enter TZA.
I have also entered XRT puts on Thursday. I cannot find an
inverse XRT ETF.
Both IWM and XRT look similarly bad, but both are close to
horizontal support. I do see a weak support below on both once they
are broken, but after that, there is not much support.
One thing I have not tried is buying calls on inverse ETF such
as TZA, or puts on RETL (if it is there). I am not experienced with
options, only know the basics like buy 0.7 delta 30 - 60 DTE.
Matt and Steve, since interest rates are rising and non
profitable high PE stocks are being crushed, can you please provide
more short selling of these because they go down much faster, like
30-50% over a few months.
Another question that I have is why do analysts / banks upgrade
or downgrade stocks? Is it to get people to buy when they upgrade a
stock after they have already bought in and get people to sell when
they downgrade it so they can buy it cheaper?
e.g. DISCK one of your charts is upgraded today, same for BP, T
back in Dec when GS upgraded it, and TXN is downgraded today.
What is the strategy for trading a stock after the upgrade and
downgrade or on earnings? e.g recently I bought MU on gap up on
earnings (and kept trailing my stop and was stopped out today
because of the whole semi is going down). Would upgrade gap up
trade the same way?
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WAL trying to break out
Posted by sydney on 11th of Jan 2022 at 03:38 pm
WAL trying to break out
FCG broke out, it is
Posted by sydney on 11th of Jan 2022 at 03:35 pm
FCG broke out, it is a nat gas play
CEIX trying to go again,
Posted by sydney on 11th of Jan 2022 at 03:31 pm
CEIX trying to go again, thinly traded
FCX pulled back a bit
Posted by sydney on 11th of Jan 2022 at 03:21 pm
FCX pulled back a bit and now trying to go again, resistance ahead.
OAS trying to break out,
Posted by sydney on 11th of Jan 2022 at 03:05 pm
OAS trying to break out, was stopped out yesterday, but rebought it.
VLO breaking out, BTU trying
Posted by sydney on 11th of Jan 2022 at 03:03 pm
VLO breaking out, BTU trying to
Thanks, Oil and Gas is
EQT follow up
Posted by sydney on 11th of Jan 2022 at 02:47 pm
Thanks, Oil and Gas is great. I did not buy it yesterday.
Beautiful, thanks. Shipping has lots
ZM trying to breakout. Has a MACD Kiss/Slow Stoch Oversold ...
Posted by sydney on 11th of Jan 2022 at 02:46 pm
Beautiful, thanks. Shipping has lots of costs, but this looks good
If we can find some
Thinking of shorting PYPL on next bounce ... figure it ...
Posted by sydney on 11th of Jan 2022 at 04:33 am
If we can find some short selling candidates that will be great. I see ebay as one just from the chart. tech is another one. bbwi, wst. NET dropped 27% in about 3 weeks. It is better to find high PE and high priced without earnings stocks, not exactly know how to do that in FINVZ, or may be looking into ark(x) holdings.
Good buy, I didn't buy
IBD Headline: Biotech Bloodbath: Gene-Editing Deals Fail to Save Stocks. ...
Posted by sydney on 10th of Jan 2022 at 07:19 pm
Good buy, I didn't buy large just LABU, because I bought banks and oil. Sentiment is only a reference to me but not a decision I use to buy. The way I look at it is this. Overnight vix was up 12% just before market opened, this was not much, and it went up to only around 20%, when qqq dropped below daily trendline but OS, so I thought this does not look like panic selling to me, but just a drop then bounce (qqq undercut and OS, and spy just about touching lower trendline and OS) so I sold my shorts. I could be wrong, of course. One thing though is I forgot to buy SPY calls, too busy looking at banks and oil, and to close shorts.
For XBI, is this THE low moving forward? I am not asking a question. XBI stopped at 2018 support. I am planning to hold LABU for long term, unless we get a retest of this low.
I was anticipating an up
Pretty quiet day .... if you only look at the ...
Posted by sydney on 10th of Jan 2022 at 04:51 pm
I was anticipating an up close and thought of risking going long SOXL but you never know how it would end, and since I went to bed I could not see where the intraday low is to set my stop. The low seems to be where I sold my SOXS. I will re-load IWM and NVDA short if condition allows, and add to my XRT or RETL short.
My CURE was stopped out
XLV Updated
Posted by sydney on 10th of Jan 2022 at 04:47 pm
My CURE was stopped out only to find it green after I woke up, rebuying it. IYR traded with a long tail but I am not buying DRN. I bought LABU just before close.
qqq is below the uptrend
Posted by sydney on 10th of Jan 2022 at 11:02 am
qqq is below the uptrend line and spy is just above its uptrend line. Both OS. I covered my shorts, except for XRT, still holding puts. But my long banks and oil is getting hammered too, buying some banks and oil stocks. If market drops will Fed changes its mind, and if so, this may affect rates and banks / oil stocks, a bit risky to buy here.
I am definitely underweight banks
XLF
Posted by sydney on 9th of Jan 2022 at 10:07 pm
I am definitely underweight banks now, and a pull back would be ideal. CMA and FTTB are the ones that I hesitated to buy on break out, but should have.
I have both trendlines on
QQQ
Posted by sydney on 9th of Jan 2022 at 02:36 pm
I have both trendlines on my chart as well, and qqq should hold here or else...
I was both stopped out
A Couple Select Semi Names to Monitor
Posted by sydney on 9th of Jan 2022 at 02:29 pm
I was both stopped out on both
I also prefer to short
Matt and Steve, since interest rates are rising and non ...
Posted by sydney on 8th of Jan 2022 at 04:15 pm
I also prefer to short after a stock enters a bear trend but rallies to 20ema, like ARKK down 12% in 4 days or other ARK funds. Once a trade is entered and the direction is correct, trail the stop. Or buy puts at the same 20ema mark. The previous leaders are now crushed, like net, upst, crwd, aehr, asan, etc. they fell like rocks.
I have entered TZA and IWM puts on Thursday, a bit early, but my plan is to add to my TZA and puts to build a larger position if / when IWM rallies up to 20ema, or if IWM trades sideways and let the 20ema catches up (similar to ARKK's recent move). There are 2 candles being rejected at 220 on IWM which is close to 20ema, but I was asleep and could not enter the short at those price, will try to set a bracket buy order instead. IWM weekly MACD does not look good, but IWM is close to support.
I bought TNA when IWM reversed from Dec low and was thinking if IWM can trade to 228, but it was rejected by its 50dma and horizontal resistant in 2 spots in early Dec gapped down and my TNA was stopped out. But Wednesday's drop was too quick and I was not prepared to enter TZA.
I have also entered XRT puts on Thursday. I cannot find an inverse XRT ETF.
Both IWM and XRT look similarly bad, but both are close to horizontal support. I do see a weak support below on both once they are broken, but after that, there is not much support.
One thing I have not tried is buying calls on inverse ETF such as TZA, or puts on RETL (if it is there). I am not experienced with options, only know the basics like buy 0.7 delta 30 - 60 DTE.
Matt and Steve, since interest
Posted by sydney on 8th of Jan 2022 at 06:48 am
Matt and Steve, since interest rates are rising and non profitable high PE stocks are being crushed, can you please provide more short selling of these because they go down much faster, like 30-50% over a few months.
Another question that I have is why do analysts / banks upgrade or downgrade stocks? Is it to get people to buy when they upgrade a stock after they have already bought in and get people to sell when they downgrade it so they can buy it cheaper?
e.g. DISCK one of your charts is upgraded today, same for BP, T back in Dec when GS upgraded it, and TXN is downgraded today.
What is the strategy for trading a stock after the upgrade and downgrade or on earnings? e.g recently I bought MU on gap up on earnings (and kept trailing my stop and was stopped out today because of the whole semi is going down). Would upgrade gap up trade the same way?
TMV
Matt: In last night's newsletter you mentioned you have a ...
Posted by sydney on 6th of Jan 2022 at 08:09 am
TMV
After I went to bed,
Posted by sydney on 5th of Jan 2022 at 04:10 pm
After I went to bed, almost everything dropped, stopped out a few long positions. QQQ looks like a short if it reverts to the mean.