HEAR is back to support.

Just another FYI on a stock I'm not trading.

SONO did bounce off 50% retracement, which is a good thing.

oldarmy1 said:

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HEAR is back to support.

Just another FYI on a stock I'm not trading.

SONO did bounce off 50% retracement, which is a good thing.

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It's been hitting this and bouncing back to low 11's for a while. I got burned too bad though to touch this one

MUX continues and is now above 5 day. I will hold remaining shares on that for potential longer term breakout run

hit 2936

now 2937

Spy!!!

NVDA making that run towards $178.

BBY running

Watch Powell screw this up somehow

OA1, quick question since I am not too comfortable determining time decay yet.

Bought some $141 5/3 DIS calls earlier.

With the recent rise today
Is it better to sell before close?
Or fight time decay and just hold, assuming a small jump maybe 0.1-0.2% pm Monday?

amzn just cant break 1950

I'd take the profit and not worry about it.

MOMO train is leaving

Thanks OA. Got out of 1/2 my DE up 62%. Exited docu up 218 and tmo up 269%.

Tried to get some 200 NVDA Calls bought by close but didn't work. Now shooting up AH

If you maintain at least $25,000 in your account, can you day-trade all you want? Are there any restrictions beyond that?

That last 5 minutes to the close AMZN 1950 battle was pretty neat

Also the DBX volume close. That is a stock ready to explode.

All time high close for SPX right?

Yep

OA1 - with the S&P 500 above 2936 what's your expectation for next week?

EngrAg14 said:

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OA1, quick question since I am not too comfortable determining time decay yet.

Bought some $141 5/3 DIS calls earlier.

With the recent rise today
Is it better to sell before close?
Or fight time decay and just hold, assuming a small jump maybe 0.1-0.2% pm Monday?

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i bought the $140 out to 5/17

I got in late, but in on the $142 calls out to 5/17

Amazing stuff. I have been doing 10 contracts per. I am starting to get used to selling half after 50% gains, or getting out after 50% loss. I need to get better with stop losses and things like that. ThinkorSwim is an overwhelming program to get the hang of.

I stop loss on NVDA this morning, but was able to trade 5/3 multiple times for 20% gains to make almost all of it back.

leoj said:

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I got in late, but in on the $142 calls out to 5/17

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i am long DIS but bought these calls expecting a move next week following box office data from this weekend.

Yeah I'm with you. Should have grabbed calls after the initial jump. I think DIS story has changed, going to start trading at a higher multiple.

Wasn't there someone on this board who was in ALGN? Pretty nice 3 month run there, up 7% today

All accounts on highs of 2019.

02skiag said:

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If you maintain at least $25,000 in your account, can you day-trade all you want? Are there any restrictions beyond that?

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Pretty much... if you don't have $25,000 in your account then I think you can only make up to 4 trades in a week period before you're flagged

I have a few charts that I think are interesting and could be solid positions next week but I'd love to get opinions from the experienced among us. This seems like the best way for me to learn but if it's clogging up the thread I can stop.

First is GRUB. It dropped quite a bit on earnings with high volume but closed right at strong support. It seems as though a bounce to 75-80 is in play but I'm not sure the best way to play it. Open to suggestions.




Next is INTU. Gapped down several percent this morning but closed up on high volume. I would be targeting 260 to close the gap. Not as confident in this one but I thought it was interesting.




Last is C. There looks to be a flag breaking out. Support at 73 would probably be the target, but using the length of the flag would put it at 74-5.

I like that Grub chart, may have some cash freeing up soon pending some sold outs and may drop in there. That gap up at $110 is enticing for a medium term hold

As to how to play, I'd look at selling naked puts around this lower resistance level but not sure what premiums are and if it's worth it or not