Market Calls

[Samson77]

Next target 222.50 area it's pretty much risk free now as stop will be placed at b/e on trade.

Entry price 5.70 + .40 profits

Stop can now be 5.30 on option but I will play the underlying first.

 

[Samson77]

Decided to take a few more off @ 6.30 and just go for a larger Target on runners.

So out 2/3 rds of the position with average profit .45 cents approx.

Can only be profitable from here in even with stop 5.40.

 

[Samson77]

Nice triangle setting up on GOOG could lead to another leg down I may buy back some additional puts if conditions are good.

 

[inandlong]

ZEUS - Olympic Steel:

One of many millers and processors who have experienced the selloff of late. This stock holds, imo, two opportunities. It's present inside narrow range day candle offers a daytrade. Longer term, the RSI divergence, low P/E, excellent forward guidance make investment... dare I say.... another choice.

 

[Samson77]

Quote from inandlong:

ZEUS - Olympic Steel:

One of many millers and processors who have experienced the selloff of late. This stock holds, imo, two opportunities. It's present inside narrow range day candle offers a daytrade. Longer term, the RSI divergence, low P/E, excellent forward guidance make investment... dare I say.... another choice.

Triple divers set up across the board, high volatility levels ... it looks good for a possible retracement long to me but I wouldn't touch it personally many better fish to fry out there then mess with this one imo.

 

[Samson77]

Traingle broke out on GOOG but in the wrong direction for me stop moved to 5.70 entry can always take it short again tomorrow.

 

[inandlong]

Glad you're back Samson'.

 

[Samson77]

inandlong - Thanks

Thought I'd give you a heads up on the 30 yr. Tbill

Your favorite set up ( NR7 ) on the daily only problem is I can't figure out any clear directional bias on it other then a potential 5th wave up with a target of 115 -15 maybe but it doesn't have a lot else going for it.

 

[Brandonf]

[10:03] <brandon> 10:03:34 STOCK DAY TRADE: BUY SETUP ACL above 98.00 stops under 97.50

 

[inandlong]

Quote from inandlong:

ZEUS - Olympic Steel:

One of many millers and processors who have experienced the selloff of late. This stock holds, imo, two opportunities. It's present inside narrow range day candle offers a daytrade. Longer term, the RSI divergence, low P/E, excellent forward guidance make investment... dare I say.... another choice.

As often will happen with lower avg volume stocks a break from consolidation occurs via gap. So you turn the page and move on to the next opportunity.