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Post by lovemyipad on Apr 6, 2013 15:55:48 GMT -5
When these consumer packaged goods stocks are finished with their "parabolic" runs, we could see some excellent shorting opportunities there. Wait to see that choppy toppy stuff on their charts. Until then, not stepping in front of those trains, thank you. ;D
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Mav
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Post by Mav on Apr 6, 2013 17:05:49 GMT -5
QQQ, SPY tho?
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Post by lovemyipad on Apr 6, 2013 18:09:18 GMT -5
Mav, for me the indices here are too time-consuming to day trade, so I'd rather swing 'em for the bigger moves. I booked profits on SPY JUN'13 155/150 bear put spreads at the bottom of the last ugly drop, currently holding SPY JAN'14 155/150 bear put spreads. A little more wiggle room, so if my timing isn't precise, I won't stress.
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Mav
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Post by Mav on Apr 6, 2013 18:54:08 GMT -5
You know me. Shorter-term swing trading in volatile markets. Doesn't mean I'm any good at it.  Not day trading. Way too choppy for my limited skill level. |
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Post by lovemyipad on Apr 7, 2013 20:19:08 GMT -5
On my short list Short List:
GOOG -- after a bit of retrace up
PCLN -- after lower trendline break
LNKD -- as long as daily SMA-20 isn't breached
Both NFLX and AMZN likely have lower, but right here, both could retrace or chop around a while -- I'm not sure I want to watch as closely as might be required.
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Post by appledoc on Apr 7, 2013 20:33:44 GMT -5
I'm still short AMZN with those May put spreads that are a little underwater. I feel pretty comfortable with them. Not looking for anything big, just my typical 30% gain.
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Post by lovemyipad on Apr 7, 2013 20:40:53 GMT -5
Doc, AMZN's daily SMA-200 still looks like a target to me, but it's been choppy all the way down, so just be careful... Don't ride UP again...  |
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Post by lovemyipad on Apr 7, 2013 20:52:48 GMT -5
GOOG technicals look nice and fugly. Watch upcoming oversold bounce for potential short entry.
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Mav
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Post by Mav on Apr 7, 2013 21:00:35 GMT -5
Indeed, looking forward to see GOOG follow AAPL a bit. ;D
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Mav
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Post by Mav on Apr 8, 2013 15:10:49 GMT -5
Boring, sleepy trading day with a market rally the second half. Eh, whatever, still mostly on the sidelines.
Alcoa had a mixed bag report. We'll see how the market digests the beginning of earnings season.
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Post by lovemyipad on Apr 9, 2013 7:35:41 GMT -5
Fitz on GOOG / AAPL parallelsEchoes my hypothesis. Have been watching the EW similarities with AAPL's 644-528-705 topping pattern. I'm scaling into GOOG JAN'14 700/650 bear put spreads for intermediate-term swing. If the fruit can drop almost 300, surely the googlies can drop a measly 200.
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Post by mace on Apr 9, 2013 10:38:09 GMT -5
Fitz on GOOG / AAPL parallelsEchoes my hypothesis. Have been watching the EW similarities with AAPL's 644-528-705 topping pattern. I'm scaling into GOOG JAN'14 700/650 bear put spreads for intermediate-term swing. If the fruit can drop almost 300, surely the googlies can drop a measly 200. $725 first target, possibly till $550. Didn't think of scaling, just have only 1 spread, Sep $700/$600, just for fun, should I go big? |
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Mav
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Post by Mav on Apr 9, 2013 15:09:46 GMT -5
Is it just me or is this market kinda tough to figure out?
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Post by lovemyipad on Apr 9, 2013 15:50:03 GMT -5
$725 first target, possibly till $550. Didn't think of scaling, just have only 1 spread, Sep $700/$600, just for fun, should I go big? Non-advice. Don't go big. Just consider a little bigger than small.  E.g., scale in one at a time, at key resistance levels. Then, scale out one at a time at key support levels. |
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Post by lovemyipad on Apr 9, 2013 15:50:23 GMT -5
Is it just me or is this market kinda tough to figure out? Wave 4 = chopfest |
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Mav
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Post by Mav on Apr 9, 2013 15:58:19 GMT -5
I figured. Well, now I don't feel _quite_ so bad. This feels choppier than Gordon Ramsay shredding onions in anger.  |
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Post by mace on Apr 9, 2013 16:09:50 GMT -5
Is it just me or is this market kinda tough to figure out? Wave 4 = chopfest Agree. Wave four is near impossible to figure out  . Thanks for confirming is wave four. Edit: Always guessing the bottom is typical of wave Y of a wave four. Be glad that this is a Primary degree and not Cycle degree. If it is Cycle degree, you won't be laughing, neither would I. Hopefully, with this experience, we won't get caught in Cycle degree wave four like those experienced by INTC investors, still waiting for a new blockbuster product category after 13 years. |
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Post by lovemyipad on Apr 10, 2013 16:03:19 GMT -5
GOOG DAILY CHART:  |
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Mav
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Post by Mav on Apr 11, 2013 1:17:39 GMT -5
NFLX was _weak_ today. But I still can't bring myself to get anywhere near a NFLX trade. Yet, anyway. |
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Post by Mav on Apr 12, 2013 11:34:00 GMT -5
Is the SPY slowly getting rising wedge-ish?
In the meantime trying to stay relatively careful as least as far as not committing too much cash to downside bets. Uptrend still there.
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. Thanks for confirming is wave four.