broke a pretty well defined channel on the 5 min candle chart.oldarmy1 said:
Pretty good red candle on the S&P. Hit a support level for day traders entry.
I have 100% of all sells completed and covered calls in place, so have zero care what the markets do short term.
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Flag beginning to form on ROKU. That means ranges between the $45 high to under $39 until we see if it breaks or fails into a consolidation cycle.Prognightmare said:
ROKU is trading right at 1 million shares every 15 minutes.
Spy is following a keltner channel with a 25 period and 2 shift. Strong bounces down from the upper limit and strong bounces up from the lower.
Yessir. First red/green arrows of the day on my system. bull/bear battle begins right here for further upward movement versus a consolidation wave.Ragoo said:broke a pretty well defined channel on the 5 min candle chart.oldarmy1 said:
Pretty good red candle on the S&P. Hit a support level for day traders entry.
I have 100% of all sells completed and covered calls in place, so have zero care what the markets do short term.
still clearly bullish right now. Hard bounce off the lower keltner at 255ish yesterday, hard bounce this am at 256.50ish and again off 257 and change. Higher lows.oldarmy1 said:Yessir. First red/green arrows of the day on my system. bull/bear battle begins right here for further upward movement versus a consolidation wave.Ragoo said:broke a pretty well defined channel on the 5 min candle chart.oldarmy1 said:
Pretty good red candle on the S&P. Hit a support level for day traders entry.
I have 100% of all sells completed and covered calls in place, so have zero care what the markets do short term.
4th bear trap in 2 days. Love itRagoo said:still clearly bullish right now. Hard bounce off the lower keltner at 255ish yesterday, hard bounce this am at 256.50ish and again off 257 and change. Higher lows.oldarmy1 said:Yessir. First red/green arrows of the day on my system. bull/bear battle begins right here for further upward movement versus a consolidation wave.Ragoo said:broke a pretty well defined channel on the 5 min candle chart.oldarmy1 said:
Pretty good red candle on the S&P. Hit a support level for day traders entry.
I have 100% of all sells completed and covered calls in place, so have zero care what the markets do short term.
Company business dominates the landscape tomorrow so I'll check in on a couple of breaks but everyone should know the drill right now.
oldarmy1 said:Allow me to translate: "We screwed the pooch raising rates with zero inflationary indicators. This in turn tanked the stock markets and we got our butts kicked over the holidays looking like talent from Enron. So now we are apologizing without actually apologizing via double speak about being patient on rate hikes.Jizzle89 said:
Watched all of that... have never been so lost.
About sums it up?
You nailed it, but I was replying to the HFT debate video posted above!! Haha
NFLX had some big volumes a few minutes ago
If AAPL doesn't hit $155 before close I'll eat a pear.
for real, especially when you study option sweeps and see that there is almost always major option activity hours before they release a tweet.
SPX went right off that upper resistance line from the tweet yesterday...seems like a pretty defined wedge for now
Spy is sitting right on the lower keltner channel. Let's see if it hammers off or breaks down.
Wow the volume flush buys that just hit!
Look at JD minute chart
With volume flush buys like that...do we expect that to mean a positive open tomorrow?oldarmy1 said:
Wow the volume flush buys that just hit!
essentially, almost, if not all, trades are being front run by HFT (algos).
the closer you are to the data processing center for a certain exchange (the man in the video was from BATS) (i.e. the less fiber that separates you from different exchanges), the sooner you have the real stock price ( in some instances, microseconds, in others, milliseconds). There are programs/algos written that take advantage of those of us that are not as close to the market (internet, cellular, etc.) and do not have the accurate stock price.
They use this market inefficiency to short and long stocks (holding for very small amounts of time) and profit off of those that do not have the latest information.
ie. you place a bid for 1,000 shares at 10$, the bid price is actually 9.98, so the algo buys 9.98 and sells to you at 10 for a 20$ profit in a few milliseconds. Rinse, wash, repeat.
There's a lot more to it than that, but that's the surface level to it.
the closer you are to the data processing center for a certain exchange (the man in the video was from BATS) (i.e. the less fiber that separates you from different exchanges), the sooner you have the real stock price ( in some instances, microseconds, in others, milliseconds). There are programs/algos written that take advantage of those of us that are not as close to the market (internet, cellular, etc.) and do not have the accurate stock price.
They use this market inefficiency to short and long stocks (holding for very small amounts of time) and profit off of those that do not have the latest information.
ie. you place a bid for 1,000 shares at 10$, the bid price is actually 9.98, so the algo buys 9.98 and sells to you at 10 for a 20$ profit in a few milliseconds. Rinse, wash, repeat.
There's a lot more to it than that, but that's the surface level to it.
Thanks! That helps
AVEO had a strong presentation at JPM. I wouldn't doubt if there's a spike tomorrow.
Phunware had a decent day today... holy hell
Jizzle89 said:
Phunware had a decent day today... holy hell
157% increase in a day? Wtf happened there
Must've said something really good at CES? But that price jump was after hours and that thing barely has any volume.
Merger share exchange with Stellar during halt period limited float. Happend to a few other small cap stocks today. It will get corrected.
TWTR up $1+ premarket...any reason why?
BAML upgrade to buy - says younger demo is using platform.
Bank of America raised it to buy from underperform.gougler08 said:
TWTR up $1+ premarket...any reason why?
Now can this make it go all the way to $40+ so I can actually make some moneyPrognightmare said:Bank of America raised it to buy from underperform.gougler08 said:
TWTR up $1+ premarket...any reason why?
Man, that is some hard hitting analysis that nobody else could have figured outRidge14 said:
BAML upgrade to buy - says younger demo is using platform.
My strategies are still long, but looking ahead, each time these bounces have detached a bit above quicker MAs, and stalled at low volume nodes, we have revisited or made a new low.
Retail getting hit
Sears is about to begin their liquidations. Lampert upped his bid to $5billion, but it still might not be enough.leoj said:
Retail getting hit
Macy's a Kohl's are pulling them down today.leoj said:
Retail getting hit
Whoa... Didn't even see Macy's until you said something. ~20% PMPrognightmare said:Macy's a Kohl's are pulling them down today.leoj said:
Retail getting hit
Yep, they whiffed bigtime.
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