APPL coming up for back test of break...now we see who wants the ball....
Chances are the market plops...now...
Started by
diogenes227
, Aug 09 2018 12:13 AM
23 replies to this topic
#21
K Wave
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Posted 10 August 2018 - 01:53 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#22
SemiBizz
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Volume Dynamics Specialist
Posted 10 August 2018 - 02:09 PM
AAPL still holding on to the big $T
Going nowhere south.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#23
cycletimer
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Posted 10 August 2018 - 04:54 PM
Well how did you trade this? Was anyone carrying short positions from yesterday? Would you buy the gap down? My analysis is done on the Rut so my trade strategy was probably different then most calling for a drop. Im pretty sure someone tried a long play with calls this morning.
I was short a small $SPX call credit spread overnight and covered it this morning. I began nibbling long this afternoon but not common stocks. I sold naked puts on several quality names that were down hard (BUD, INTC, MMM). I'm heavy in cash and I'm a dip buyer. Today was anticipated but I chose it was too risky to play it heavily, hence the "lite" credit spread I shorted yesterday.
#24
NAV
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Posted 11 August 2018 - 12:29 AM
From the link:
I was going to write a detailed analysis of why I think the general market (SPY, QQQ) takes at least a dip Thursday but I’m kind of tired.
So suffice it to say, the Nasdaq Composite is up seven days in a row, and SPY, except for a brief pause a few days ago, the same. My Nifty-50 stocks have gone from 40 on sells at the beginning of the rally up to 41 on buys Monday and are now rolling over. A lot of the stocks have been sluggish since that peak three days ago.
There is more and a chart:
Good call !
