#DayTrading #Stocks – today’s net…

Despite the market weakness across the board today, and a turn down in short-term market breadth, stocks that signaled individual buys for today’s open finished the today’s day-trade with four winners and four losers, essentially flat (up .15%) as a group.

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The leader (above) was HIIQ up 6.18 from today’s open, and NUE , featured with a chart in yesterday’s tweet, (below) managed a small gain (.37%).

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#MarketTiming – the trend is…

The trend is your friend.  Heard that old saw a thousand times, and yet how many often is it forgotten?  The trend is your friend.  True last year, true this year.  True in 1920, 50, 70, 90 and now.  True, in 1929, and in 1987, and in 2000, and in 2008.

True now.

TREND TRADE: Long from open, 11/9 – UPRO up 14.6%, TQQQ up 6.4%, TNA up 37.1%, XIV up 23.8%.

SWING TRADE: Long from open, 12/16 – UPRO up .3%, TQQQ up .7%, TNA up 3.4%, XIV up 5.6%.

DAY/SCALP TRADE: Long on open, flat on close – UPRO up .25%, TQQQ up .55%, TNA up 1.45%, XIV up 1.61%.

Among the other 3x-leverage ETFs on the trend trade from 11/9 ERX is up 25.6%, SOXL up 27.6%, FAS up 30%.

Notable stocks on the trend trade AAPL up 5.2%, GS up 27.7%, TSLA up 9.2%, UAL up 25.9%, BID up 16.7%, FB down 4%.

Market timing the trend – quite spectacular, still on-going….

 

#MarketTiming – signals…

TREND TRADE: Long from open, 11/9.

SWING TRADE: Sell from open, 12/12.

DAY/SCALP TRADE: Long bias, but possible short for day/scalp.

PRICE TRENDS: TQQQ, up 6 days, TNA up 5 days, UPRO up 6 days.

SETUP:

With SWING TRADE turning down Friday and prices on the index ETFs extended to 5 to 6 days up in a row the time has come to exit all longs on Monday’s open (ideally, but otherwise on any strength Monday).

With the TREND TRADE still up, this is primarily a pause before the next run-up until further notice.

However, there is some possibility to trade the short side either for a scalp, or a day-trade or for an aggressive swing trade.  Stop losses for each strategy and intraday time tolerances are the key to the nature of each.  In other words, as always, it’s a matter of cutting losses quickly, and letting profits run, and never letting a profit turn into a loss (i.e. using a breakeven stop once there is a trade to breakeven).

THE DAY/SCALP TRADE:

(right click on chart for a larger view)

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THE TREND/SWING TRADE:

(click on the chart for a larger view)

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#DayTrading #Stocks — winners, winners again

UPDATE: 12/9/16

DGI, the one stock giving a buy signal for a day trade today finished down .62%, a small loss and a small price to pay for very fine week.  Although the stock indexes were up again – 6 days in a row – there were more signs of a pullback, or at least a pause, in the rally – only 14 of the 50 stocks on my nifty-fifty stock list were up on the day.

The day-trading stocks for today again scored with the market’s continued rally but a stall may be coming Friday.

Today’s basket of stocks from my nifty-fifty list — BBL, NAV, SKYW, BGFV, YRD, MU and FNSR (the leader highlighted on the chart below) — had five winners and one loser for a net gain of 1.8% for the day.  That won/loss on stock day trades for the week stays just above 82%.

However, there is a clue to tomorrow’s possible action since there is only one stock – DGI – on the list giving a buy for tomorrow’s open.  Forty-one of the fifty stocks on my list are on buys for the current market upswing (down from 42 yesterday).  Often when one runs out of new stocks to buy the swing is ready to stall, and maybe fall.  That comes with market indexes up 5 days in a row so a pause here will not be surprising.

Been a very good week for the bulls.

(Right click on the charts for a larger view)

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#DayTrading #Stocks – buy signals for Thursday open…

As the market breadth continues to climb, stocks on my nifty-fifty list that gave buy signals today for Thursday’s open are BBL, NAV, SKYW, BGFV, YRD, FNSR, MU.

Again, these are intended in my mind to be day trades to be opened on the open and closed on the close and all are for entertainment purposes only and not to be construed as market advice.

A cautionary note:  the general market indexes are up 4 days in a row and 42 of the stocks on my nifty-fifty list are on buys (that’s a lot and often leads to a pullback in the general market within a day or two) and given today looked very much like a bear-capitulation day “sideways to down” can be expected at any moment.

If sideways or up, these particular stocks will likely run for at least a day.  If down…not so good since most stocks move with the market.

 

 

#DayTradingStocks – all winners

This is an update for yesterday’s post below in which these stocks were suggested as buys on today’s open and sells on today’s close, day trades.

The net gain on the basket was 2.04 percent, led by GPS up 4.8% lagged by HIIQ flat.  Nice to have five out of six winners and actually no loser.

(click on the picture for a larger view)

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#DayTrading stocks – 82% winners this week so far…

Market breadth turned up on Friday (11/2) giving a buy signal on the major indexes and since the vast majority of stocks move with the market direction, Friday’s buy signal cleared the way for stocks to move higher.

Conveniently for the start of the week, the time to initiate buys was the open of Monday. If we look back there were four stocks in my nifty-fifty stock list that gave individual buys for Monday’s open — SCHN, CECO, TBPH and RIO.

The idea was to buy on the open and sell on the close, a pure day trade on each stock. The value of this kind of trading allows the trader to leverage with margin and retain buying power leverage for each day.

Monday SCHN, from open to close, netted 1.8%, CECO lost 1.2%, TBPH gained 1.7%, and RIO gained .4% for a net of .47%, exclusive of slippage and commission for the basket. While that was not a great gain (leveraged it would have been at least twice as much), it was a profit, and it should be noted that was the first day of the turn to the upside for the market.

And as Monday’s market rally got moving, it generated 13 individual stock buy signals in the nifty-fifty stock list. Again it was buy on Tuesday’s open (today’s open) and sell on today’s close.

The results for today’s 13 day trades in stocks — FCX up 1.1%, ACM up 2.8%, NVDA up 1.2%, BBL up 1.5%, TPC up 3.9%, DGI down 1%, NAV up .8%, BHP up 2.2%, IRBT up 1%, FPRX down .01%, ADSK up 7% (highlighted on the chart below), ACAS up .4%, and TWI up .2%.  An un-leveraged net across the basket of 1.6%.

Stocks from my list giving buy signals for tomorrow’s open  are HIIQ, MSCC, GPS, IGT, UAL, and BRKS.  So we’ll see how those go. (These are presented here for entertainment only and are not be construed as market advice.)

(right click on the chart for a larger view)

adsk_2016-12-06_1419

$XIV – swing trading the 5-day average

Just a simple notion for XIV – following the blue line for swing, day-trades and scalps…

XIV is an inverse VIX based ETF that goes up when the VIX goes down, and down when the VIX goes up.  Especially easy to trade long as the market rises and volatility decreases. Its opposite is VXX or the wild and crazy leveraged UVXY.

See the blue vertical lines on the chart below for examples of entries along the five-day exponential average.

And for exits, the idea is to take frequent profits because XIV swings and snaps like a pennant in the wind.

This is just for entertainment and education purposes and not to be construed as actual trading advice.

(click on the chart for a larger image)

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$SPY #Options – been down too long

Following the green…

After dropping hard last Friday and drifting lower through the week, SPY is on a bounce so far today.  Got my Follow-The-Green buy signal at 7 a.m. today (pacific time), and the intraday trend has been up since that time. See chart below (will try to update, trading permitting, during the day).

By the way, those numbers on the lower right of the chart are net gains for 10 contracts (the green number) and 50 contracts (the yellow number).

Must remind this post is for an entertainment purpose only and not to be construed as investment advice, which is why it is intentionally not in real time.

(right click on the chart for a larger view)

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 UPDATED CHART (what a difference an hour makes…)

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UPDATE END OF THE TRADE:

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$SPY #OPTIONS – three great days…

Following the red, the green, the red again…

This week’s SPY 214 put up 153 percent on Friday.  Then the SPY 212 call up 63 percent on Monday. And today, so far, the SPY 214 put up another 98 %.  Each of these are charted as day trades (see charts below for, first, the put move, then the call).

Size-wise, imagine if one could trade these swings full pedal to the metal.  But smaller size has been great too.

(right click on PUT chart for a larger view)

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(right click on the CALL chart for a larger view)

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