30min Charts on $ES_F

Here is what have been discussed earlier in the room.

@IKE: $ES_F 30m revised count, as this is the wave 4 bullish count (elliote waves), but with the weekly momos is being bullish this certainly could go lower. The important thing is both counts Bull and Bear have ES moving lower. 

@IKE: ES Momos : Weekly Bear, Daily 8 Lookback OS (Bullish), Daily 13 Lookback Bear, 240m Bear. ES 30m 4 26 2016 SeekingOptions

“Anything between 2090 vs 2080 is an INSIDE day basically”

Pre Earning $AAPL, $TWTR Idea

The above two tickers have been dogs for the last couple of earnings, we think the best way to play them this earning, is by setting up an Iron Condor ( posted in the chat room  )

Good Luck trading them..

 

Dislclaimer am long $TWTR Calls and Stocks

A company was hiring a financial analyst. There were three candidates:
The first was a mathematician. The interviewer asked, “What is 2 + 2?”. The candidate looked extremely puzzled, but answered “Four”. The interviewer asked, “Is that it?” The candidate, again looking puzzled, replied, “What else could it be?”. The interviewer thanked the candidate and showed him out.
Next was a finance grad. The interviewer asked, “What is 2 + 2?”. The candidate explained, “The mean is four, but you can get a variation around the mean.” The interviewer thanked the candidate and showed him out.
The last was an economist. The interviewer asked, “What is 2 + 2?”. The candidate gets up from the chair, walks behind the interviewer’s desk to close the blinds, slides his chair around the desk, sits close to the interviewer, leans over and asks, “What do you want it to be?”

The True Economist

The True Economist

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Are you having fun trading 2016?

Are you having fun trading 2016?

 

https://youtu.be/lUtnas5ScSE

2016 has not been an easy year thus far, absence of real conviction to buy or sell has put us into the corner, every time we thought we got something going, it tend to be a false alarm.