$SPX, $AAPL, $NFLX, $IWM, $QQQ, For june 5th 2019 | #FinTwit, #Trades

$SPX, $AAPL, $NFLX, $IWM, $QQQ, For june 5th 2019 | #FinTwit, #Trades

by | Jun 6, 2019 | Market Update, RQLAB

Timing is everything

At the moment most traders were looking for a breakout above 2950, we certainly had priced this level as a toxic line. Timing is everything, having a mental stop loss is always needed, and a hard stop at a critical area, will preserve capital. Going to the top of a tower requires a harness. Does not matter how effective is our system, a mental or a hard stop is needed, if we can not price properly a stop loss or the stop loss is too wide, probably the instrument being analyzed should not be traded. Most importantly, once a trader has verified that a line is lethal or toxic, he should stay away and give enough time, a month or two month, for the pressure that resides in that line be released and a new tradable pattern can appear.  

This a critical area. In other time or years ago, I could have set 2720 as a target and considered it as a secure level  based on the opinion constructed on the indicators we track. But now we demand more from markets and there are some elements for a pullback tomorrow.


SPX, support should be 2787, below this level, the high struck today was a B/1 up with next standard retrace  at 2779 (MPlink). The .764 of the move off 2728 is at 2753. In case the market opens at 2833, tha only should complete the red five.

IWM, scarcely broke below 149 today, no change, below 148 next dependable retrace is 146.42 the .764. (IWMlink).  Above 149 there is resistance at 142.04. In case IWM opens at 152 that should complete the 5th of C up.

QQQ, three waves up off the lows at 176.83 (QQQalt9link). . The two stocks that participated more were AAPL, NFLX and FB.

AAPL still can see a corrective retrace toward 178.

FB has a critical weekly structure.

NFLX has broken some resistance, might print five up at 362.

AMZN, held support at 1717 this morning

Stocks

NIO, not lower lows today. Next support at 2.41.

IQ, not structures for a bottom yet.

TWLO, consolidation above 128.47 bodes well for TWLO, could be traded with protection versus this level, with a decent target at 153. Have always liked TWLO, and while above 128.47 should be an outperformer (EW1link).

SHAK, rejected at 1.382 but holding the 57 line which is critical for further advance to 82 (EW1link).

BYND, reports tomorrow, might develop an abc to 92 with some support at 88 (EW3link).  

SFIX, has a problem with the 2.118 extension in this case 30.32, if truly bullish stop should be 29.88 preparing for 40.20 or new highs on this stock (EW1link).

 

Good Luck..

 

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

 

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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

 

$SPX, NVDA repurchase level | #FinTwit, #Trades

$SPX, NVDA repurchase level | #FinTwit, #Trades

by | May 22, 2019 | Market Update, RQLAB

Market scarcely moved today

 

The SPX has the same medium term setup off the 2798 lows, an abc up to the 1.382 retrace (Alt9link) that  while below 2888.6 has probabilities for subdividing lower. At the same time since the price held the .618 retrace at 2834 (Alt9link2) and for as long as SPX holds above this line has the same probabilities for 2925 in a c wave up. This c wave up to 2925 might develop into a 3rd as usually happen in markets like this. For this we continue monitoring any signal that invalidates downside potential.

TNA, off the last lows (alt9link) has same structure for a C wave up with a more decent micro pattern that if manages to complete five up off recent lows, would increase probabilities for higher. Similar approximation could be done with TQQQ a move back above 60.18 should make 63 area probable with next resistance at the 1.382 retrace at 66 (Alt9link).

 

Major stocks are aligned with TQQQ/QQQ, same pattern applies.

SMH index has held the .50 retrace for a wave 4 down and will retain this potential for as long as is closing above 101.60 (Alt9link). NVDA is holding the .618 retrace at 150.82 (Alt9link).

 

I post this paragraph again as a reminder, It is unlikely we can beat this market through stocks, since might be topping in a major wave count toward 2987 or 3010 and stocks tend to be sold in advance. We do not know  which stocks will recover on the go to these long term awaited targets.

We continue monitoring our stocks still long and indexes. As considered on previous update some important counts aim to 2760 with some confluence at 2720, we observing parameters for that price target range too.


Good Luck..

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

$SPX, NVDA repurchase level | #FinTwit, #Trades

$SPX, $IWM , $NVDA repurchase level and, $AMZN | #FinTwit, #Trades

by | Mar 25, 2019 | Market Update, RQLAB

This is what Avi sent in his weekend update, Mar 23 20:45:19: As you can see from the attached 5-minute chart, the bottom of our support region is now at 2796SPX.  And, as long as we remain over that level, then the next rally will either be a 5th wave completing the b-wave, or it may signal that the b-wave has already been completed, with the next rally being a wave ii retrace before we drop in earnest within wave 1 of the c-wave down towards the 2725-40SPX region.

Avi continued: To put it simply, it takes a sustained break of 2795 SPX to open that trapdoor to begin the pullback we want to see as we head into April… As we also know, we have been tracking two potential wave counts off the December 2018 low.  Our primary count remains that this is a b-wave rally, followed by a c-wave down towards the 2200SPX region in the coming months.

Part of our duty is to see where to weight the probabilities that Avi is sending. In this sense, usually when we have a price structure like this, 2750 should the usual support, very usual, you can see 2750 was previous 1.764  retrace on the following link (OPlink) and this 2750 marks the point where the “B” higher to 2924 is probable or not. Increase your attention, because here is the key, a break below 2750 with follow through below 2725 that can not come back below 2750 again, should be secure indication that SPX topped and probably won’t find support for a bounce until at least 2551. But this has not happened, price has not broken below 2750 and as you can read, Avi considers his support is at 2796, we could be impressed by the continuous break of  this break below 2796 level and fearful, but since we have done our work, we will simply average down Avi’s support a bit to 2773. Additionally, the W-line is at 2762.59 at this moment, so an overshoot to this level can not be discarded, what looks extremely unlikely based on Avi’s support and our work is the standard test of  2750, which usually is support. In other words, getting extremely bearish here is a mistake. It is clear is that we can lower our target on SPX to 2900-2924.

$IWM

On this correction IWM ideally should hold 147.85 where A=C completes (Alt8link) but since is already in advanced states of this correction, can extend to 146.43

$NVDA

Support should be 171.51 (Alt8link), below this level, last line to enter a bullish trade should be 167, so think repurchasing between 167 and 172.48 is a decent entry for a long. The target for this move up, in case 172.48-167 area manages to hold should be 195 and we can not exclude a test of 210 on the upside.

We have hedged our TNA purchases throught TZA, so we will pay close attention to the intraday price action tomorrow, we don’t plan to get bearish, without a clear indication a major top occurred, additionally, plan to reload NVDA if the opportunity appears.

In the case we observe some weakness on $AMZN below 1729 would indicate we might see 1710 or 1692.

Good Luck..

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
$SPX, NVDA repurchase level | #FinTwit, #Trades

We will set support at 2551.8 for $SPX | #trades #FinTwit

by | Jan 17, 2019 | Market Update, RQLAB


Support should be set at 2551

That the market finds a local top at this area should not come as surprise for us, maybe to the public, but not for us, our first  average was 2613.34, our second average was 2623.07. Additionally other analyst, in this case, Bill, known as EL_hombre_Espantoso on EWT, adjusted his target to 2629 on January 10th. So a top in this area is factored by the masses.

On January 8th, I did mention that we were going to see more more charts from Avi Gilburt. Today Avi posted: For now, the market still has to break down below 2575/80 support to suggest we are in the [b] wave pullback.  So you can observe Avi has set his support at 2570. I have attached his charts.

So you see Avi, has now his support at 2575. Well, similar to what we have done, we will try to refine even more this approximation. For this, while Avi has last line at 2575/80, we will set our support at 2551.8, the .618 retrace of the a/1-b/2 structure off the 2340 lows (Alt7link). This is just an adjustment of 23.2 points that we are doing based on the internals we track every day. Since we will be under Avi’s 2575 support we will direct our efforts to detect an impulsive move that confirms 2551 is holding, should that impulse develop we will buy our core positions at better prices. Should 2551.8 holds ideal targets should be 2751 or 2812.

I sent you the banks this morning. We are curious to see how FAS behaves when/if the markets hits 2551.8. This should spread some light. FAS holding 46 with SPX holding 2551.8 should make FAS buyable. Still would like IWM hits 146 before we start this decline to 2551.8 on SPX, IWM was truly close today at 145.25 so we could consider IWM has met targets too, but for all purpose 146 is still ideal.  Not hitting 146 would be very strange and unusual.

$SPX: Jesse Livermore Advices | #FinTwit, #Trades | $FB, $AAPL, $NFLX, $AMZN

$SPX: Jesse Livermore Advices | #FinTwit, #Trades | $FB, $AAPL, $NFLX, $AMZN

by | 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
$SPX, NVDA repurchase level | #FinTwit, #Trades

$SPX and $AMZN Levels to Take | #FinTwit, #Trades

by | 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.

NYSE Institutional Buying

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