Smart Money's Swing Trades Thru T.A.
- Thread starter Smart Money
- Start date
Sorry, but I find this amusing.
yge is up a respectable 1%
NFLX is up almost 3%
TNA is up a percent or two...not sure exactly
SM
YGE now up 1.5%
NFLX up 5.5%
TNA up 3%+
Quote from Smart Money:
YGE now up 1.5%
NFLX up 5.5%
TNA up 3%+
Cashed out of NFLX...7% was too much to pass up...even for a swingtrader.
Quote from LEAPup:
Hey, you did good! Rule #1, try not to lose money!
Got my "grocery list" ready (longs) if we follow through.
My charts are telling me that we will follow through over the next few days. Futures are up, which is encouraging. Honestly, I thought today would be more relaxed than the futures are showing since yesterday was so "big". It's bullish.
I'm going to look at the longs on your list and also look at buying more TNA.
SM
I looked at your long list. Here's a few comments. I don't like VYOG and ENTR in comparison to the others because the Chart doesn't look as good....they may still do OK, but the others have much better charts. The others all look good, but the charts tell me there is more upside potential in BVN, and SAM. FFIV seems somewhat overbought, but it is still a 3% gain (vs 5% or so for the others). I think a scatter gun approach on all but VYOG and ENTR, and maybe omitting FFIV to get the average up could make *ME* (and me only) an average of 5% in a few days. Just my opinion.
EDIT: Forgot to say...NFLX looks overbought. Our "friend", DECK, looks like it could spark back up. If it has a decent forward progress again today, it's chart would then look like it could run as much as 10% in a matter of days (nice for speculation). But right now, DECK is like a bottle rocket that may fizzle out...depends on what happens to it. Again...all of this is just from what the charts look like...we could go to War with Mexico tomorrow or space aliens could land in Boise, Idaho...future events can't be seen.
SM
Whoops...looks like NFLX still has legs. Might have another 5% under it's belt at least. BVN is fizzling, but I think it's temporary...it still gapped up.
Hey bro, nothing on my long list should be bought today. I've been looking at the grocery list, and wouldn't touch any of them unless you're very aggressive.
I covered 2 more shorts today, and am only holding 4 now. Probably going to BTC TSLA and lock in that profit. Still mostly in cash.
Looks like we're range bound today.
Something's just not right with this market... Again, I don't recommend you buy anything from the long list I posted. NONE of the picks are "acting right," and that isn't a good sign. Even when the majors are down, I've sat and watched SAM, and CRUS gain.
The lesson here is a confused mind says no. I'm going to need more signals before going long.
I covered 2 more shorts today, and am only holding 4 now. Probably going to BTC TSLA and lock in that profit. Still mostly in cash.
Looks like we're range bound today.
Something's just not right with this market... Again, I don't recommend you buy anything from the long list I posted. NONE of the picks are "acting right," and that isn't a good sign. Even when the majors are down, I've sat and watched SAM, and CRUS gain.
The lesson here is a confused mind says no. I'm going to need more signals before going long.
You could be right, but I'm just chalking it up to the fact that yesterday was such a big day that folks don't see the bargains in front of them. When I look at how much room these long stocks have to run and still stay in an acceptable trading range (i.e., Bollingers), and then I look at how oversold they are, I still see potential there for 5% gains across the board. Yesterday, people were picking up pearls and peas and putting them in their pockets as quick as they could. Today, people are just picking up the pearls. Shorting is more dangerous coming off the bottom of a trading range like this.
SM