Smart Money's Swing Trades Thru T.A.

good job to those holding short positions. I didn't see it coming just visioned slow volatility. Thankfully I didn't put my money where my mouth is.

assuming s&p holds above 1060, anyone else thinking monday is going to be a good long day?

I just bought in long fas very tight stop. basically hoping that s&p holds above 1067, but playing it that s&p closes no lower then 1060 by end of day.

Seems like a good chance monday is going to be one of those moonshoot bounces upward
 
Quote from levitation:

good job to those holding short positions. I didn't see it coming just visioned slow volatility. Thankfully I didn't put my money where my mouth is.

assuming s&p holds above 1060, anyone else thinking monday is going to be a good long day?

I just bought in long fas very tight stop. basically hoping that s&p holds above 1067, but playing it that s&p closes no lower then 1060 by end of day.

Seems like a good chance monday is going to be one of those moonshoot bounces upward
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I sold my short positions because I hit my threshold for 1-day profits. If I make more than 7% in a day, I automatically cash out in case of a bounce the following day. But since EDZ and TZA are sitting there with a 7% change for the day, that is my minimum threshold for a bounce....meaning...I'd be more confident of a bounce on Monday if the market would fall some more.

I am still seeing Monday as a chance to re-enter a good short price in a falling market. I still see things moving down for a while. I could see where I'd be tempted to take a long position on Monday morning, but my bias is still that the market will go down and bears will continue their reign for a few days.

SM
 
Quote from Smart Money:

I sold my short positions because I hit my threshold for 1-day profits. If I make more than 7% in a day, I automatically cash out in case of a bounce the following day. But since EDZ and TZA are sitting there with a 7% change for the day, that is my minimum threshold for a bounce....meaning...I'd be more confident of a bounce on Monday if the market would fall some more.

I am still seeing Monday as a chance to re-enter a good short price in a falling market. I still see things moving down for a while. I could see where I'd be tempted to take a long position on Monday morning, but my bias is still that the market will go down and bears will continue their reign for a few days.

SM
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Good job!

And I also agree with closing out your positions @+7% being 3:1

I've been looking over your calls, and have to point out the fact that your indicator seems to really work for you on a day basis vs. swing in this environment. Have you noticed the accuracy of your calls are better for day vs. swing trading? I wouldn't be shy at all about changing my methodology if I'm able to go 3:1 and make 4-7% in a matter of an hour-end of day...

Interesting none the less.

Again, good job. Have a good weekend!:)
 
Quote from LEAPup:

Good job!

And I also agree with closing out your positions @+7% being 3:1

I've been looking over your calls, and have to point out the fact that your indicator seems to really work for you on a day basis vs. swing in this environment. Have you noticed the accuracy of your calls are better for day vs. swing trading? I wouldn't be shy at all about changing my methodology if I'm able to go 3:1 and make 4-7% in a matter of an hour-end of day...

Interesting none the less.

Again, good job. Have a good weekend!:)
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Thanks. There was definitely some risk taking there because the market looked like it was transitioning and I took a chance and got in early. By the book, I should have waited until the trend was confirmed.

And...I don't expect those kinds of gains. With the system I'm playing, I'm happy if I can get those kinds of gains in a week.

Honestly, it kind of screws up the swing trade, because when it moves that much, it could be exhaustion, so I have to wait to see what happens. I think the down market will resume, but I won't know until tomorrow.

SM
 
Bought some TIBB, HAL, and TSLA today. Didn't get a great price on any of them, but they have nice charts. TIBB is very speculative, so I didn't buy much.
 
Cashed out HAL for a little over 4.5%. Still waiting to see what will happen with TSLA and TIBB. Since yesterday was a big day for both, I suspect today is a normal consolidation since they haven't slipped under well fitted moving averages. Waiting to see.

SM
 
BIt QID at 17.73 AH waiting for AAPL-will be quick to exit if AAPL goes up--SPY and DIA already have crossover on 200 sma and 50 sma and QQQQ just closed right under 200 and 50 SMA -if they go down make a cross-we ll see -if not they ll give a pretty good chance to cover before too much damage
 
Yep. My charts are now telling me "take no position"...so the bias to short is gone. I won't go long on TNA or short on TZA until I see more in my charts...I'm in a wait and see posture.

See attached and notice price is wrapped around the center line and TRIX is flattening: http://stockcharts.com/h-sc/ui?s=TNA&p=D&yr=0&mn=2&dy=12&id=p28989829738

I dumped TSLA for a loss and it slightly outweighed my gain in HAL. Nothing to write home about.

So the tie breaker will be TIBB...which spiked up nicely at the close to be up about 4%. I still think it's going to pop up once...maybe as high as 50 cents/shr. But if I can make 10% tomorrow, I'll be happy. Dangerous, but fun, playing the penny stock lottery.

SM
 
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