Investing

The Short-Term Trading Thread

  • Last Updated:
  • Dec 10th, 2018 12:23 pm
Deal Addict
Jun 3, 2009
4460 posts
677 upvotes
Montreal
rapashoo wrote:
Jun 29th, 2018 9:17 am
Any news on BABA? looking to snatch some calls for oversold bounce
georvu wrote:
Jun 29th, 2018 9:48 am
No idea what happened there... down 5 before mkt open and now basically unchanged.

Late reaction to low IPO price of Xiomi??
Maybe Jack Ma has issues with the authorities? At least that's the chatter I heard in China.
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
Looking at medium term, market still in bullish configuration off Feb lows
Short term, market has been pushing lower making low lows, lower highs.
2750 is first strong resistance, followed by 2775-2780.
To maintain bearish stance, market has to fail right around 2745 (testing 2750 support from below). Even small beat to prior swing high (2748) is OK, as long as next low will be below 2693.
Image
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
dlhunter wrote:
Jun 29th, 2018 10:50 am
Looking at medium term, market still in bullish configuration off Feb lows
Short term, market has been pushing lower making low lows, lower highs.
2750 is first strong resistance, followed by 2775-2780.
To maintain bearish stance, market has to fail right around 2745 (testing 2750 support from below). Even small beat to prior swing high (2748) is OK, as long as next low will be below 2693.
Agreed, key time here at 2745-50, daily 20EMA and prior high.
2720 and 2750 are the levels I'm watching.

I think that the lows are in, a LOT of traders I know were waiting for 2680 to get long and are going to end up chasing this higher.
Huge outflows and PCR through the roof = recipe for a ripper imo.
Set stops @ ES 2715, NQ 7045
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
there we go. liquidating longs after buyers could not find more fools... can stop 2730, or rotate to 2725 - I am hoping for latter
bot small position in TSLA 345. June/Q2 prod update should be on the weekend

covering ES 2733.5 - TICKs hitting lows of the day, yet price barely moves. I am ok with 6-8 points profit
RUT RED. no way... VIX near 16

if they push it below 30, I will buy it for a quickie.

and nice turn-around, just where bears wanted it. If 2745 is the high, FIB extensions point to 2655. Just a tad below 200DMA. BRING IT ON!!!

2730... come on. bid 2725.5, small

the way I imagine things to unfold, a break below LOD 2730 to close the gap on super light volume, just to trigger stops as 100% of overnight/day traders are long
then bounce, two way action on Monday and Tuesday. Wed off. Thur some news comes out that negatively effects the markets, big move down to 2700. Followed by another move to 2655.

Oil hit fib ext targets, expecting some correction to 70. Going to buy Sep contract, if it happens.

Heads up, ES approaching 2725 - so far, 2728. if it happens, it will be lighting quick. touch and go

FILLED 2725..2725.5 - will let go half 2730

price being accepted here. Still looking for bounce. offering 2729

sold half 2726

ES closed at 2720.75 - should have just stuck with my plan. Holding small position and will stop at 2716.
Last edited by dlhunter on Jun 29th, 2018 6:13 pm, edited 4 times in total.
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Deal Addict
Aug 17, 2008
1614 posts
813 upvotes
@dlhunter Is there anyone left but Skynet servers in East Setauket? Smiling Face With Sunglasses Tuesday early close & NFP Friday to keep the liquidity down.

Have a good weekend everyone
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
MrMom wrote:
Jun 29th, 2018 3:50 pm
@dlhunter Is there anyone left but Skynet servers in East Setauket? Smiling Face With Sunglasses Tuesday early close & NFP Friday to keep the liquidity down.

Have a good weekend everyone
yes, Jul 3 is half day (1PM close), completely forgot. Thank you!

have a great weekend all!
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
Sold ES long @2727

Offer ES short 2729
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
dlhunter wrote:
Jul 1st, 2018 11:05 pm
Sold ES long @2727

Offer ES short 2729
short was never filled. SPX back to 2700 - expecting a bounce on low volume. The next leg down should be after the holidays.
TSLA up $20 on meeting production numbers. 5000 per week model 3.

edit: TSLA IV down as news are out. Rolled Jul 325 puts up to 340 in 2:1 ratio - taking risk off.
Shorted ES 2715.5 - out 2712.5

edit2: stepped out and got caught in TSLA - shares turned sharply lower. Bummer, I had no stop in place and felt good. LOD 333 now. At least took off some puts to reduce exposure.

edit3: shorted ES 2720.75. Entered stop 2722 - took profits 2715.
Last edited by dlhunter on Jul 2nd, 2018 3:40 pm, edited 2 times in total.
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Deal Addict
Aug 17, 2008
1614 posts
813 upvotes
See attached charts. Saw this coming a few days ago. When it's 38C/100F outside and NG falls below the TL, the NG bull run is over.
Images
  • 100F_38C (2).JPG
  • 002.JPG
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
MrMom wrote:
Jul 2nd, 2018 2:37 pm
See attached charts. Saw this coming a few days ago. When it's 38C/100F outside and NG falls below the TL, the NG bull run is over.
not logical, but whatdoiknow
oil is UNCH on SA news.

everybody bullish on C and BAC, and they are down
nobody likes WFC, and yet it's best bank performer since CCAR
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Deal Addict
Aug 17, 2008
1614 posts
813 upvotes
@dlhunter Long WFC from a couple of years ago, so some ups and downs along the way. They are not big in wholesale banking, so it's a hard business to mess despite their best attempts.
Deal Addict
Mar 22, 2010
1915 posts
315 upvotes
Futures green "for now" and we have a short day today.

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