oldarmy1 said:

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FriscoKid said:

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Any guesses today? We were gapping up 200-300 points on the DOW a few weeks ago for no good reason. Now there are amazing earnings and we are only up 77.

It's some curious movement for sure.

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Good key word - "guesses", because thats all it would be right now.

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Oh I agree. I'm not taking a new position right now.

oldarmy1 said:

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snowmnag970 said:

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oldarmy1 said:

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Will be buying a JD $41 Strike out 2 weeks on weak opening. Will risk 20% and look for 80% ROI.

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You think they can trend back up to $41 being down the 5% today? Seems like a tough get to rise 8%+ in 2 weeks.

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Don't care about reaching $41. Only care about a rubberband oversold rebound to retrace premium values.

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Looking to get into JD at the open. Coming out of this descending pattern finally with an inverse head and shoulders.



Also looking to play FSLR after its gap fill if it breaks this flag

We might fall to 2628 for a test. (There is my "guess")

...alternate level is IF we get a new high then the target would be 2661

Recently read an article that made me put JD on my radar

did you get in?

I sold $36 puts out 22 days for $1.35 each.

Yesterday amd, Visa and FB all beat and all are up 5%+ from closing..

It appears that whomever got beat up during this recent volitility are floating back up to the market and the survivers are heading back to normal

still waiting as it gapped up this morning. Tried to hold 36.5 as support, but looking like it wants to fill the gap up from this morning. Won't enter until that is completed and I get better confirmation that a strong move up is coming.

FSLR may be going now

I didn't trade this but I watched it. Sorry if you think this is "spiking the football" because I'm really not trying to do that. I just want to show some technical things that I have learned to look for over the years. I look at these charts like a big ass math problem that I'm trying to solve.

When the market opened I gave a low and high target based on what would happen at the R1 level. After we broke above it I was anticipating that the price would move to the R2 level (2661). As support came in on the trend line I drew it on the chart. We hit the R2 level (almost) and then broke the support trend line. This would obviously be a point to get out if I was long in the trade.

I think we will go back to the R1 level now and I'd be watching it closely. If we break below the R1 line which has shown to be intraday support/resistance then we very well might fall to 2628. Especially if we break through that resistance with a strong movement.

Set your stop just above the R1 level and have a target close to the PP.

The QQQ's have made a head and shoulders pattern.

Chasing stocks in this market has not worked out well. I'm holding 12% cash for the time after earnings season is over and the market starts trading on fears of rising interest rates, trade wars, real wars, tweets, democrats winning in November etc.,

I doubt the longer term bull market is over. Bull markets end in euphoria and this doesn't seem like euphoria to me. But I expect to see some cheaper prices on great stocks/companies after earnings season later this year.

Really interesting price action here.

pfo said:

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The QQQ's have made a head and shoulders pattern.

Chasing stocks in this market has not worked out well. I'm holding 12% cash for the time after earnings season is over and the market starts trading on fears of rising interest rates, trade wars, real wars, tweets, democrats winning in November etc.,

I doubt the longer term bull market is over. Bull markets end in euphoria and this doesn't seem like euphoria to me. But I expect to see some cheaper prices on great stocks/companies after earnings season later this year.

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Kind of agree with you but I think we get a bigger correction in the order of close to 20% from the highs. Just a gut feeling. You can always gauge the strength of a market on the rallies after a correction and so far the rallies have been weak and thin, but we will see. The 2580 SP500 and 6800 Nasdaq are very critical levels that could open the flood gates if they are breeched soon.

Amazon is up. Better be really good.

$AMZN Amazon Q1 EPS $3.27 vs. $1.26 Est.; Q1 Revs. $51.04B vs. $49.78B Est. - CNBC

Yeah, it was huge.

Wow. Like 1.1 billion revenue beat. Congrats to whoever added during the trump tweets

yeah my put vertical is safe by about 150 points now, been fighting that one since trump started running his yap, lol

Told all my boys to bet the farm at 1,400 on Amazon a couple weeks ago and then told them to bet it again yesterday when it was in the low 1,400's. The ones that listened are kissing my feet. The others who didn't play this Q with Amazon are PISSSSED.


THANK YOU DONALD TRUMP FOR YOUR MEAN TWEETS ABOUT AMAZON!

msft beats and is taking it in the shorts early, we'll see how she fares AH

Which makes no sense since azure was up almost 100% I believe. They are killing it.

there was some monster AMZN bets placed today. Purchases of 1575 1600 1625 April 27 C x 1000 each. Plus huge huge money in long dated Jan 2019 calls 1850 as well. I decided to use BABA May 11 185 C to play off AMZN earnings

Yeah, MSFT is the one entity that is actually taking share from Amazon and they are doing it in its cloud division. Cloud is also one of the most profitable divisions of both companies.

More interesting at least to me, is office 365 revenue is up 42% YoY. They switched office from a one time fee for the software to a monthly payment that continues indefinitely. Payback on normal price is just over 12 months so the gravy train of pure profit on office 365 is simply enormous looking forward.

People are really missing the boat on Microsoft.

SWN beat and is right at resistance after hours.

Tomorrow should be interesting. The R2 level for tomorrow is 269.07. That will roughly also hit the down channel trendline on our triangle. There is also resistance at 267.7 and 268.0.


It hard to bet against these earnings, but who knows.

Then again, maybe we don't challenge it tomorrow. Futures are red.

SWN +.22 premarket at $4.77. Hold that and we finally have a breakout.

Smacked right back down at open

Yee who are smarter than I, any thoughts on DOCU? Use it regularly at work but haven't looked at the company itself before today. Day one looks good so far (no skin in the game for me)

Interesting day. AMZN didn't really push the markets up, but they could have with those earnings. I forgot about the tariff deadline on Monday too. Seems like all the good (market moving) earnings are in at this point.

Not sure what to think. Low volume with no real direction.

I'm trying to sell myself on a breakout up, but if it didn't happen today then it's a problem. Isn't it?

Futures look solidly green, what oh what does the day hold in store?

Looks like a great big Green Day.

Therefore, I'm expecting a sell off.

Honestly though futures look like they are fading.

It's been constant selling from the pre-market highs. We are going to stay green for about 10 minutes after the market opens.