Smart Money's Swing Trades Thru T.A.

108.26 is first SPY short target --In the morning didnt really think it would get there but what do i KNow:D :D :D

I meant first target--second one is around 107


108.26
107.89
107.72
107.13

so far the targets
Peel the onion slowly-looking good for shorts
 
Quote from GG1972:

108.26 is first SPY short target --In the morning didnt really think it would get there but what do i KNow:D :D :D

I meant first target--second one is around 107


108.26
107.89
107.72
107.13

so far the targets
Peel the onion slowly-looking good for shorts
More...

Looks pretty bad out here right now. Credit spreads widening, headlines are bad. Good day to be short, no question.
 
Quote from LEAPup:

Nope, all of us. Emotion is something every trader has to do battle with on a daily basis.

For example, look at a follow through day. 70% of the time, follow through works, and the trend is in place. I was looking over several things last night, paused for a minute and said to myself, "looks like this one is going to be the 30% that fails." If that's not emotion, I don't know what is. Argh! Just had to recognize that emotion, and kill it fast.

I'll stick with my rules, trade what I see, and not look back. BUT, there's that little voice called emotion telling me, "I bet you bought the 30% odds this time..." Just a daily battle that has to be recognized, and controlled...
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FWIW, I'm just watching something different. I'm more dialed into market sentiment. I'm using indicators (including candles), to try to spot whether the mood is shifting from bull to bear. Thats why my time horizon is only a few days...that's about how long it takes the market to completely change it's mind.

SM
 
Well shorted the top but the key here is whether we take out June lows or not is my main concern-booked small profit on 1/4 shares +3%

URe nice pullback after hitting the 50 sma-never played that should keep an eye out from now on
 
Quote from LEAPup:

Another day trader's market.

Reversal after reversal.
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Today might be like yesterday, but the bears are gaining control. It's a battle ground, and being so close to the bollinger band, the bull's can't do much more. Good bear funds like EDZ, TZA, FAZ, and even SRS is what I'm looking at for a swing trade.
 
What a rush for an expiration day -yesterday at close i was having doubts about this trade-out another 1/4 SDS for 4%-remaining will ride on daily-BE stop for now
 
Quote from GG1972:

107.85 on SPY if we crack thru lookout
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Like I say...we should be going down and EDZ, TZA, FAZ, and SRS are all nice things to have right now. Bears are taking over and bulls are on the run. Smart bulls are getting out now. We're under 107.85 as of now.

SM
 
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