by Alpha | Nov 6, 2018 | Market Update, RQLAB
The market could print five up toward the 2790 region or break down in a c wave down (Alt8link) to 2681-2655 area with .764 of the move off the 2603.8 lows at 2642 . On the micro, there are enough waves in place to consider five down off the highs (Alt7link), so below 2730.7 probabilities point that the c wave down should start with initial target at 2693.
Moore’s 2C-p is at 21.7 (17.6 previous)
On AMZN, .764 for AMZN is at 1528 and .618 at 1561
On NFLX, .764 for NFXL is at 284 and .618 at 292.43
FB, would be fair to consider five up on FB (Alt7link), .764 at 141 and .618 at 144
AAPL, has a micro five up for 210, but if AAPL invalidates this micro five up and breaks below 198.17 will extend lower, with last bullish support at 194.97. Below 202 we can not be bullish on AAPL, so on a break below 198.17 our objective target is 186 at a minimum, with support at 194.97.
This is the very bulk of our portfolio, so, we have to watch these lines.
Since update is short, I want to tell you why I find shorting or hedging is not a good trading strategy:
Let me post: Livermore was the one of the greatest traders of our lifetime, he got billionaire shorting during 1929 but: Livermore lost 40% of his profit in 18 months – going long the stock market as it slipped to its lows by mid-1932. Then in 1932, Livermore switched, went short the market – just in time for it to double. The final blows were caused in 1933 when Livermore went long the market just as it fell back near its 1932 lows.
Another example of why I find shorting is not a winning strategy is John Paulson. He made 20 Billion during 2009, to underperform year after year since 2009 correction. There is a pattern in the mentality of a bear trader, which? I don’t know.
So switching might have appeared wise to us, but most important when trading is to realize where market can turn and provide a probable salvatage point for portfolios and a trader must maximize that probability; fear will make you switch at worst time. I think Livermore did not realize he was trading a c wave up, and he waited for market to double to realize about it. I find some similarities with this c wave up now being projected to 2872, with upper end of b at 2910, but not a higher high in sight for now (excepting we have a more clear five up to 2790). Shorting after we hit 2603 was not good, and with this update my objective is to avoid we short, victims of fear and we lose the only opportunity to leave this market decently. This probability is valid while the market holds 2642 and has the ability to maintain above 2603.
I want to address Hopes: APPL came into earnighs with TNA at 1.764 off the lows (Alt8link) and similar position on SPX (Alt8link). And with these low probabilities we “hoped” AAPL to report well, these were hopes… and hope is not a good trading strategy. I held onto longs and concentrated portfolios, because I hoped to be wrong at the highs and hoped market could make our case wrong.
Here as I said, better would be one more higher high to complete a more structured five up off the lows, but what have have is enough to get the 2860-2901 area. Support for VIX is at 17.6, hard to see volatility going higher once 17.6 breaks down again, but for now and above 16.2 there is nothing bearish for VIX. That should be an indication that market has probabilities to test 2680-2642.
Addressing some mistakes this year: One was to try to track this market or to beat it or to not take profits when we had them and stay on the sidelines, failing to realize the tape was being held by a number of stocks that was reducing constantly, paraphrasing Jesse Livermore: beating the market is only possible by trading at times when the market allowed one to win – during clear bull and bear markets when most stocks were moving in a single direction. We must protect gains when we have them and realize market conditions have changed and only come back to markets when is proven market attitude has changed. Losing gains abruptly in a portfolio should be an indication that something in the market is not working right. Adding to a portfolio that has lost gains abruptly, should not be advised.
Our mentality has to be readjusted to accept critical junctures and do not hope for market to do something different to what is probable. I am not bearish, ultimately, being bearish is a product of despair or good work applied with anticipation, after a b wave up is completed, better is to wait for five down to short. That is a rule. We can and should optimistic with a pattern, once it breaks, we should be realistic.
Carlos
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
by Alpha | Oct 31, 2018 | Market Update, RQLAB
SPX/AMZN
Below 2713 still can the market subdivide lower in strong manner toward 2602.5 (link) and we don’t pretend to squeeze the 2590 level, knowing Joel has a target for Net$ Value at 2603. We gave the benefit of the doubt to this market at the highs, won’t give it at the potential lows.
Previous paragraph was sent to you on Sunday; Monday, we had a good setup to short and we shorted comfortably because the market held below 2713; but today, situation was more complex, so let us explain you why we consider hedging at these levels will be harder:
The market briefly broke below 2644.4 (Alt7link) and this was the only moment the market signaled that could break down, then developed a 1-2 to the upside (Alt7link1-2) and all what a short trade could have done there was to set stops at the top of the wave 1, 2660.7, everything else was “hope” and hope can not make you money. Waiting while a setup holds can, and certainly will, make money, “hoping” won’t. I told you this, so I can tell you that: If we are not going to respect initial line of resistance on this potential b wave higher, better is not to hedge and look for entries on calls.
For tomorrow, I don’t like where the market closed in terms of hourly stochastics (Alt7link), but I don’t plan to short the market, excepting it breaks below 2664 so we can set stops on these shorts just above 2671, additionally, I don’t plan to short if the market strikes 2664 on oversold hourly conditions, doing so could be a receipt for a mess.
Resistance for tomorrow is sitting between 2695 and 2698. But hitting resistance does not mean we are going to short, five down followed by three up below resistance, would lead us to proceed that way.
Think we have defined parameters for tomorrow.
Moore’s 2C-P today was, 8.9, February correction was 7, so we are as oversold as you would expect. Interestingly El_Hombre, posted a chart, attached, finally some institutional buying on NYSE.
Also $AMZN support for tomorrow at 1524.
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
by Alpha | Jul 25, 2018 | Market Update, RQLAB
Our history with IPOs
$TWLO
During 2017 I liked TWLO and I thought the wave iv could hold, based on the fundamentals behind it, $FB/WhatsApp related, so started buying the 50 area and well… eventually the price collapsed below the IPO price, but you will see, I considered $TWLO is a company where you want your kids to work at, so I decided to trade the 30 area, just to stop out for risk management purposes, —the I am too fearful to hold a position of this size here—.
At the moment of buying T$WLO I appealed to my ignorance and read into what $TWLO does… and by reading into that I asked myself what is an API? And then read $TWLO bought Kurento, and during 2017 TWLO bought Beepsend.
Kurento is a WebRTC media server and a set of client APIs making simple the development of advanced video applications for WWW and smartphone platforms. Kurento Media Server features include group communications, transcoding, recording, mixing, broadcasting and routing of audiovisual flows.
As a differential feature, Kurento Media Server also provides advanced media processing capabilities involving computer vision, video indexing, augmented reality and speech analysis. Kurento modular architecture makes simple the integration of third party media processing algorithms (i.e. speech recognition, sentiment analysis, face recognition, etc.), which can be transparently used by application developers as the rest of Kurento built-in features.
If you invested seconds of your time reading what’s Kurento, I hope you realized we ignore more and more of the internals of this world, in net terms when I came to $TWLO I felt ignorant. We sit behind our desks, monitoring prices while we trust the engineers of the companies we buy are creating new things we scarcely can imagine. This world is not ours anymore, this world belongs to those people out there that precisely created the interfaces we use to work together and we have never shaken our hands.
I really need we to understand that the greatest risk we face is not to have these companies, not precisely $TWLO, but those revolutionary names we usually hold in our portfolios. I think these companies are safe haven at least for next two years in terms of price and we should not allow sentiment to gain ground. With these companies we should not make emotional decisions.
$MSFT
I have told you consistently that we measure the tape fairly well, we time the pullbacks with accuracy, current price $MSFT hit today was sent one year ago, on July 21st 2017, holding was all what we needed. So again, we have to keep in mind the very core of our business is investment in value.
Analysis:
$MSFT support should be 95 OPL the M-line versus long term targets at 120, the average between 200 and 50 DMA are at 95.82 so we are baking extreme levels within our support.
You look at me trading around $BABA, mainly because I ignore what’s happening in Asia —India, China— but I am sure $BABA has the scale and purchasing power to take advantage of any new thing that is being invented/created in the other side of the world.
Analysis:
For $TWLO to be the company we think it is, should not break below 48.06 OPL Current 20 MA and EMA on Weekly are at 50 area. Operational extensions to the right.
$SHAK
If you want to pick a name where our patience was brutalized, that name is $SHAK. I don’t like MCD and I don’t think a very well informed generation likes MCD, but I like hamburgers and enjoy new tastes… and again management at $SHAK is the management we need/needed, focused on product and quality.
Analysis:
Analyzing $SHAK is not for anyone, trading it is, as we said, a challenge. A great great company, with 1% retrace and M-line at 53.96 . Should hold this line and get ready to challenge the all time high. Trading Shak is compared with leg days.
$ETSY
Something I missed because I did not see the real value at it’s moment, logic is simple: You want something handmade go to ETSY, you have something handmade and want to sell it, go to Etsy. Offer of products is as creative as you can imagine.
Analysis:
Needs to hold 29.11 but ideally should hold 33.85 OPL
$IQ
I have talked to you about ETSY/SHAK/TWLO… because apparently we ignore these are/were IPOs, these are companies that are offering solutions for markets, sectors are not the same for these three companies, and their road is what it is and what has been, what I made sure when entered trades into these names was that they were doing something in a way nobody had attempted in a solid way. In this sense I am sure NFLX can offer content for the Western Civilization, and I like the efforts $NFLX is doing with some good anime’s, which entices to people like me to have an account on NFLX, people bored of movies with only special effects or series that have nothing to offer after 5 episodes. And for me everything is boring, because, well, what more action or special effects do we need, we live at the brink of our seats every day: Trump, Korea, Washington, Russia, Rates, Earnings…
So in terms of Western Civilization, NFLX is good but I don’t think we can understand Chinese culture, they are a world apart, traditions, history… so we buy a company that, in my opinion, has Chinese beliefs built within them. Trading IPOs successfully is hard.
Analysis:
Support for $IQ OPL, could come at 27.16, but there is already a 1-2. We have learnt that once we establish a position we only can trade an IPO once a 1-2 is built and top of 1 is taken; in this case IQ should take 38.11 and not break below 28.94 on pullbacks, until then lower levels are likely.
I hope we learn from our experience to make money on nascent-consistent companies and not only for the purpose of making money. If we find good things we need to have the tenacity to trade wise, to be patient and to be consistent.
Anybody can buy one company at 100 and sell it for 50, so we should not be ashamed or bad about it, but TWLO from 23 to 62, SHAK from 28 to 70, ETSY from 9 to 43, we seriously, seriously must have learnt something.
I am sorry for not moving when everybody does and not feeling regret for going after what I seriously think is value and in this sense if we simply had continued trading our mature leaders are holding our just baby-borns-leaders we could have done much better.
Have a nice day.
Carlos
Seeking Options Team
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
Our last report from one of our portfolio (LINK)
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
by Alpha | Jul 20, 2018 | Market Update, RQLAB
Indexes
Expiration: July 18th, the next three expiration constructed by Joel, are positive.
Moores’ 2C-P: Current Value at 69.0 versus 67.4 previous.
FNG-Cycles: Showing a high for today 18th /tomorrow 19th, that high certainly can extend until this Friday, July 20th due to the positive projection derived from expiration. Caution is extremely recommended on the long side.
We know how overbought stochastics are… so a fast and sudden pullback should not come as a surprise, but as a buying opportunity.
EW analysis:
TNA
While $TNA does not exceed 92.76 an ABC pullback on Atl1M
has minimum target at 79.95 with bearish target at 70.30. $TNA been lagging as we expected. Planing two entries, I think a spike to 75.12 is buyable, understanding that another entry at 70.30 has at least 70% probabilities to occur.
$TNA should not see such deep pullback
really should hold 79.95, but extended too much versus its peers $SPX/$QQQ, so probably needs a hard reset, that in no way should invalidate targets to 99/101 area, we have avoided $TNA and we will do well by avoiding it while it does not take 92.76.
$NDX, macro extensions
Line to worry on NDX is at 8067.3, the 4.764 extension OPL
, immediate macro supports to consider are at 7341/7286.1, and we don’t see major risks while this area holds. Operative Extensions considering year 2016 pullback .
Micro for $NDX
Applying same approach on $NDX support is 7165.1 on Alt1M
this is the count we have for all indexes, where the b wave was higher than the top of 1. While wordy, is necessary to say that if 1 up off the 6950 lows, support is 7184/7129 Alt3M
and that only adds strength to the standardized approach we using on all indexes, not much difference 7165 versus 7184/7129.
Equivalent important support for our trading vehicle $TQQQ is 60.40 Alt1M support is so precise that they overlap.
Important is to say that is necessary that $NDX breaks 6950 for we to press our accounts consistently once/if $NDX hits 6870, equivalent level of importance is 54.09 on $TQQQ Alt2M
, but I personally will re-buy any retest of 55 area, and will start repurchasing at 60.4.
So being more clear, support for NDX is 7165, equivalent to 60.40 on $TQQQ. First entry can be planned for this level. Breaking below 6950 we should buy 6870 on $NDX, equivalent to 55 on $TQQQ.
$SPX
Last but not less important, SPX Alt1M Shown in diagram:
, support at 2711, this support really needs to eat well and prepare to hold the avalanche, because if it fails things can get out of control. 200 Daily Moving average at 2685.27
Joel’s Bigalow Weekly: Weekly MA at 2716.56
Joel’s Bigalow Monthly: M-line at 2696.72, the 20 MA is at 2544.05
Baking Average of supports: 2664 for SPX and we get the standard 5% pullback we have seen through the years.
we have sent you supports for GOOGL/AMZN/AAPL/FB/NVDA/NFLX
Have to say that if our supports hold, this could be one of the best years for indexes.
Have a nice day.
Good luck
P.S These Updates were sent to our internal members if you like to receive updates right away please contact [email protected])
Our last report from one of our portfolio (LINK)
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
by Alpha | Jul 17, 2018 | Market Update, RQLAB
Expiration for the week continue being positive. We know how overbought indexes are and that has not changed. So won’t post additional comments about current overbought conditions.
$NFLX: Down 12%, will open 3.52% below the projected 1% at 359 shown on daily chart below – 
own
, will likely hit the 20 weekly moving average at 346
and again that’s a 3% deviation from standard fibonacci support at 357. We had observed it was too overbought on internals as to hold any gap up; the path of less resistance was in that regard, down, talking heads will be upgrading and downgrading today, we will observe reset of stochastics since the average of real risk in our macro counts is at 477. we have went long After hours yesterday and added to our positions..this was posted in our Chat Room
$FB: In macro terms conditions are not the same for $FB and NFLX, to have an idea for patterns to have some similarity, FB should be at 270 in order to present a significant risk. Stochastics is overbought on $FB
standard support should be at 182 and max at 171, if intended to hit 226 in three waves.
These updates that we send are very important, we take trades based on them and our portfolio is growing.. if you have questions feel free to talk to us.. [email protected] or join our room Chat Room
We sent $AMZN last Friday… will report $AAPL and $NVDA during the day.
Good luck
Our last report from one of our portfolio (LINK)
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
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