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Markets Coiling: BUY/SELL the Breakout


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#21 12SPX

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Posted 24 April 2023 - 10:12 AM

Okay lets see how this goes, took profits for 17 points and trying a long build at 4148...



#22 redfoliage2

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Posted 24 April 2023 - 10:34 AM

 

Doug Kass is SHORT AAPL
I started a new AAPL PUT position, will add more above 167

As long as Apple holds Friday's pivot, can still see ramp into earnings scenario....for perhaps a ginormous Sell in May and Go Away

 

But if fails to do that, then could leave the gate early.

 

5 min line could be a decent guide

 

 

Expect no decision till AAPL has reported, meanwhile the market is likely to stay in a defined range with dips getting bought and bounces sold ........................


Edited by redfoliage2, 24 April 2023 - 10:41 AM.


#23 12SPX

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Posted 24 April 2023 - 11:19 AM

And just like that, average long 4144...



#24 12SPX

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Posted 24 April 2023 - 11:31 AM

profit stop 4145...



#25 K Wave

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Posted 24 April 2023 - 11:42 AM

164 still holding on Apple...bears gotta break that before they get very far....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#26 12SPX

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Posted 24 April 2023 - 11:42 AM

Out for a 6 point profit at 4150...



#27 Rogerdodger

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Posted 24 April 2023 - 12:59 PM

that could all set up a squeeze-aided Month End Mark Up Bonanza.

 

Redemption for the early May T ending?



#28 K Wave

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Posted 24 April 2023 - 02:17 PM

 

that could all set up a squeeze-aided Month End Mark Up Bonanza.

 

Redemption for the early May T ending?

 

Sure looks like like May 4 Apple date could be something...as long as it keeps inching up into it.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#29 dTraderB

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Posted 24 April 2023 - 04:09 PM

NARROW RANGE, COILING, COMPRESSING: A 100-point ES range since the start of APRIL. Even narrower range during last 9 days.
Thid will be a massive spike up or down.

Will happen this week with important earnings.

#30 dTraderB

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Posted 25 April 2023 - 06:19 AM

Big earnings day, reports... markets still sruck in this 100-pount ES RANGE

Key developments that should provide more direction to U.S. markets later on Tuesday:
U.S. April consumer confidence, April Philadelphia Fed service sector survey, April Richmond Fed manufacturing survey, Dallas Fed services survey, U.S. March new home sales, Feb house prices
U.S. corp earnings: Microsoft, Alphabet, Visa, Northern Trust, Moody's, PepsiCo, McDonald's, Kimberly-Clark, 3M, Invesco, Fiserv, Danaher, UPS, Verizon, Texas Instruments, NextEra Energy, Raytheon, GE, GM, Chipotle, MSCI, Biogen, Dow, Paccar, Centene, Enphase Energy, Halliburton, Spotify, Boston Properties, Chubb, United Health, Juniper Networks, CoStar etc
U.S. Treasury auctions 2-year notes
Bank of Spain governor Pablo Hernandez de Cos speak