FJ43 said:CrazyRichAggie said:
I haven't figured it out. I think 30K uses trend spider for charting
I thought he sent a screen shot a while back of his settings. I could be mistaken though.
Maybe he will chime in
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Maybe he will chime in
Well you stingy, quiet MF, I don't recall your post about VTNR.atmtws said:
Anyone pick up VTNR? Up 50% after hours. I bough some a few weeks ago.
Just kidding, if you did I probably skimmed over it and if you didn't post it, good trade but sharing is caring.
Get em, Prog.
Same for selling calls, whether covered or not. You have to have a round trip transaction before there is a gain or loss that is long/short-term assigned to it.Aggiesincebirth said:
Ok thank you very much.
If you sell calls is it the same? Because when you sell the calls you receive the premium right away that you can go use or reinvest. I had an interesting discussion today at lunch. Everyone had their brain in a pretzel trying to figure it out. I know I can probably Google this but y'all are smarter than Google.
Is there an inverted head and shoulders taking place on WWR? I noticed it in the 3 month review on Apple stocks. I'm certainly not even a decent chartist but I'm starting to dabble. I've got one month calls and currently holding a bag. I may even buy shares. Is it there or am I full of crap?
RHS or not, OA tells us we should buypreferably in the 4.25 range with a target of 18-20+
Philip J Fry said:
RHS or not, OA tells us we should buypreferably in the 4.25 range with a target of 18-20+
From what the Oracle of Aggieland (oldarmy1) says, anything under 5 is muy bueno. Just slap the buy and profit q4 2021 or q1 2022
Anyone notice the +30% short interest on WWR?
Should make for a good tailwind in coming months.
Should make for a good tailwind in coming months.
I could really use one of those famous rippy rippy days tomorrow
I use TOS for charting and sometimes I use trading view, but I'm a cheapskate and and use their free version. Active trader pro is not the best for charting and scanning, so recommend using something else for that.
You don’t trade for money, you trade for freedom.
West coast this week, not really able to watch markets.
Still think we are extended up here.
Still think we are extended up here.
You don’t trade for money, you trade for freedom.
Howdy!
Your morning snapshot....
Mixed markets around the world but mostly red.
VIX rising.
SPY & Qs slightly below close.
SKEW at almost 164
Last day of quarterly rebalancing (I think) so could be some intraday swings on some.
Will begin August hedges today and add should we continue the melt up.
Personally I think we are a bit extended without some back testing of support or just flat cool off here.
From my simple TA perspective about the market in general.....
Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Morning.....BaylorSpineGuy said:
Is there an inverted head and shoulders taking place on WWR? I noticed it in the 3 month review on Apple stocks. I'm certainly not even a decent chartist but I'm starting to dabble. I've got one month calls and currently holding a bag. I may even buy shares. Is it there or am I full of crap?
I think you could argue there is one but maybe not a super clean one. But, quite possible considering its flagging now post a large volume pick up off the right shoulder.
Daily view...
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Because I love y'all......
Y'all Fidelity users might think about switching brokers and trading platforms.
Is it just me or it seems like y'all are always having some sort of issue whether can't buy X on Y day, platform is down, trade execution issues, not great for charting, Fidelity sucks, etc.?
I know there are TOS (TDA) and IBKR users here and some others I am sure as well. Biased opinions like Ford vs. Chevrolet. Fidelity as an active personal trader may be big hat no cattle if I was a lurker on here.
Just saying there are other options that may be less hassle and provide you a more enjoyable trading experience. Possibly lower fees to boot.
Oh...just say NO to Robinhood
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
VIX up 7.49% early premarket here at 17.31.
Still well below 20 but keep an eye on it.
Still well below 20 but keep an eye on it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I've been hating on Fidelity recently, but just haven't pulled the trigger yet on moving. I really want to stick with one platform and I know many of you use more than one. I really want to go with IBKR because of the extended market hours. I'm usually awake at 3:30 and have seen how many profits I missed on by not being able to trade until 6am when Fidelity opens up for trading.FJ43 said:
Because I love y'all......
Y'all Fidelity users might think about switching brokers and trading platforms.
Is it just me or it seems like y'all are always having some sort of issue whether can't buy X on Y day, platform is down, trade execution issues, not great for charting, Fidelity sucks, etc.?
I know there are TOS (TDA) and IBKR users here and some others I am sure as well. Biased opinions like Ford vs. Chevrolet. Fidelity as an active personal trader may be big hat no cattle if I was a lurker on here.
Just saying there are other options that may be less hassle and provide you a more enjoyable trading experience. Possibly lower fees to boot.
Oh...just say NO to Robinhood
I think you said in the FJ/30K Zoom a couple of weeks ago you use Trading View to chart. Is there a reason you use this and not IBKR for charting?
I haven't had any issues with ATP lately, but also haven't been nearly as active trading over the last few months since work has been crazy, so could just be me not using it as much too
Totally agree. My wife's rollover is managed through fidelity and mine is through TD.
I manage both as one portfolio, and am far as from a day trader as you can be, but even I notice the difference in execution.
I leave the highly liquid, less speculative, round lot trades fo Fidelity and use TD for the juice.
At some point, I might transfer hers elsewhere but I do like not having concentration risk in one broker and IBKR was more expensive last time I looked (been awhile)...and I don't need day trading or massive charting capabilities.
I manage both as one portfolio, and am far as from a day trader as you can be, but even I notice the difference in execution.
I leave the highly liquid, less speculative, round lot trades fo Fidelity and use TD for the juice.
At some point, I might transfer hers elsewhere but I do like not having concentration risk in one broker and IBKR was more expensive last time I looked (been awhile)...and I don't need day trading or massive charting capabilities.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
I was frustrated with IBKR in the beginning but now I love it. The reviews being for more advanced traders is true but once you immerse yourself it is a really good very advanced platform.Ccutamu said:I've been hating on Fidelity recently, but just haven't pulled the trigger yet on moving. I really want to stick with one platform and I know many of you use more than one. I really want to go with IBKR because of the extended market hours. I'm usually awake at 3:30 and have seen how many profits I missed on by not being able to trade until 6am when Fidelity opens up for trading.FJ43 said:
Because I love y'all......
Y'all Fidelity users might think about switching brokers and trading platforms.
Is it just me or it seems like y'all are always having some sort of issue whether can't buy X on Y day, platform is down, trade execution issues, not great for charting, Fidelity sucks, etc.?
I know there are TOS (TDA) and IBKR users here and some others I am sure as well. Biased opinions like Ford vs. Chevrolet. Fidelity as an active personal trader may be big hat no cattle if I was a lurker on here.
Just saying there are other options that may be less hassle and provide you a more enjoyable trading experience. Possibly lower fees to boot.
Oh...just say NO to Robinhood
I think you said in the FJ/30K Zoom a couple of weeks ago you use Trading View to chart. Is there a reason you use this and not IBKR for charting?
Charting is good and has all of what you need. Some studies/indicators are subscriptions (which I subscribe to) if they are specialized or royalty based. I use it all day everyday for charting. I just choose to use TradingView at end of some trading days for quick daily review since I have many SR levels in IBKR I don't want to remove.
TradingView is the easiest to use I have seen and obviously designed UX tech guys . Super quick and user friendly in terms of charting. Just limited brokers to API.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I have TDA for my IRAs and one trading account as well and like it a lot. Their customer service is top shelf as far as I am concerned and their TOS platform is solid.Scimitar said:
Totally agree. My wife's rollover is managed through fidelity and mine is through TD.
I manage both as one portfolio, and am far as from a day trader as you can be, but even I notice the difference in execution.
I leave the highly liquid, less speculative, round lot trades fo Fidelity and use TD for the juice.
At some point, I might transfer hers elsewhere but I do like not having concentration risk in one broker and IBKR was more expensive last time I looked (been awhile)...and I don't need day trading or massive charting capabilities.
I have grown to love IBKR though. I have multiple accounts (for different purposes) and they make it easy to transfer positions back and forth. I mostly like how smooth order execution is and how customizable the IBKR Pro platform is. I am green on all the algo capabilities but will get there someday to improve entry and exits. I make a lot of trades a day/week. 4am EST trades doesn't hurt sometimes either.
Not near as many Tutorials or videos out there like TDA/TOS though.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I opened an IBKR account and haven't had the time to mess around with it. I'm just holding some PLTR shares. I'm guessing I need to sign up for the "pro" account? When I log in and view charts during trading hours I don't get "live" price action and volume.
Elox came back down in aftermarket yesterday. But got more fuel for premarket today. Curious to see if it sustains.
Pro fees are lower. Also you will need to subscribe to all the things you want fed into your platform. Just go to 'Manage Subscriptions'. On the IBKR forum thread I posted a screenshot of all I subscribe to anyway. You don't need all the things available.CrazyRichAggie said:
I opened an IBKR account and haven't had the time to mess around with it. I'm just holding some PLTR shares. I'm guessing I need to sign up for the "pro" account? When I log in and view charts during trading hours I don't get "live" price action and volume.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I'll be hunting for relative strength today to trade since if I am guessing could be a choppy day. I don't think we just continue higher today to new ATH.
But....who knows.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Thanks. I will look into it
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AG
I agree, i do the same trades a lot in my td accounts and my fidelity acct, and it "feels" like i consistently get better fills in td than i get in fidelity
They say history likes to repeat itself......when London opened at 2AM everything sold off quite a bit and we're getting close to recovering back to that open area...........may bear watching on our open.
All week, 4265-70 has been my support in #ES_F & just tested again. Note July 1 is one of the most bullish days of the year, green ~90% of the last 30+ years
— Adam Mancini (@AdamMancini4) June 30, 2021
Plan today: 4265 & 4255 remain key & 4315, 4335, 4370 in play IF they hold.Basing/dip today to setup tomorrow rally ideal https://t.co/tnyy0k1HH4
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
McInnis 03 said:
They say history likes to repeat itself......when London opened at 2AM everything sold off quite a bit and we're getting close to recovering back to that open area...........may bear watching on our open.
I've got Q 355p for insurance against my weeklies.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
MU looking decent premarket, hopefully holds and lets me take an early profit on calls
My trade plan is to try and go net free (whatever % I need to sell) on any push today before earnings at 4:30EST.historyrepeats said:
MU looking decent premarket, hopefully holds and lets me take an early profit on calls
I will hold net free through earnings.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Charismatic Megafauna
Joined:
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Posts:
7,974
How long do you want to ignore this user?
AG
FJ43 said:All week, 4265-70 has been my support in #ES_F & just tested again. Note July 1 is one of the most bullish days of the year, green ~90% of the last 30+ years
— Adam Mancini (@AdamMancini4) June 30, 2021
Plan today: 4265 & 4255 remain key & 4315, 4335, 4370 in play IF they hold.Basing/dip today to setup tomorrow rally ideal https://t.co/tnyy0k1HH4
The contrast between adam and sam is hilarious
Sure is.NRD09 said:FJ43 said:All week, 4265-70 has been my support in #ES_F & just tested again. Note July 1 is one of the most bullish days of the year, green ~90% of the last 30+ years
— Adam Mancini (@AdamMancini4) June 30, 2021
Plan today: 4265 & 4255 remain key & 4315, 4335, 4370 in play IF they hold.Basing/dip today to setup tomorrow rally ideal https://t.co/tnyy0k1HH4
The contrast between adam and sam is hilarious
I didn't realize July 1st is so bullish historically and can see why after quarter rebalancing and leading up to Holiday weekend I assume. Think I read generally a pullback after 4th from the rally.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Wednesday Macros
Treasuries Gap Higher on Reports From Bild of Hacking of German Banks
The early morning headlines say that stocks are down and bonds higher due to the Delta Covid cases globally... They could not be more wrong as to the flows of the overnight session... Treasuries started lower in price and higher in yield but gaped (3 basis is a gap in this market) on the report that a Russian government back hacking firm was going after German banks for political reasons... That sent both Bunds and Treasuries about 3 better... And the headlines that equities are lower are true, but only by the smallest of margins and as we write this they are moving into the green... Reporters need to do their homework...
Today... ADP is out and while the employment report is critical to the next move in rates, today this number will take a back seat to the month end, quarter end, flows... ITC has had a small reallocation number for today, but we read a GS report last night saying something very different. They see a much heavier move out of stocks into bonds today from rebalancing. Their number is 30 billion , an amount that ranks among the 75th percentile in absolute value over the past three years but well below the 50-90 billion most months this year... This could move the 10 year through 1.47, which it has, but the next resistance is 1.42. We do not see it doing that much and would not be surprised to see a pullback to above 1.47.
Corporates... Yesterday we saw the treasury market back off in the morning as the mega Salesforce deal was announced... 8 billion priced with a concentration in the long end, 10-20-30-40...they had no issues getting it done, over 32 billion of orders.. Hey Janet you listening? They priced a 40 year at 95 over 30 years, for an A rated company... Free money... Time for the treasury to pursue the 40/50 year area while the demand is red hot...
Fed... There was an unscheduled Fed interview last night on Bloomberg... There are always a few not on the calendar... Waller was very clear that the Fed should start tapering sooner rather than later, starting with mortgages... We could not agree more, but his view is being lost in the month end, quarter end flows... And will be overruled by whatever the employment number is in 48 hours... Take the over.
Expect the Fed ORR facility to push 1 trillion today as quarter end flows and money search for a home to make their balance sheets look good for quarter end. This is not a market moving event, but what is a market moving event is the report that Quarles put out , along with the FSB, that INVESTORS SHOULD BE PENALIZED FROM DRAWING FUNDS FROM MONEY MARKETS... Hmm... Maybe we should move some of our .01 earning money market funds back to our bank which is paying .50...The report goes further, THE FSB BOARD SUGGESTED BARRING INVESTORS FROM YANKING ALL THEIR MONEY OUT. While a pain, anything that makes our funds more difficult to move around in a crisis is worth pursuing a cure....
Inflation... We are a Hawk on inflation and do not buy the ill defined transitory talk over everything that has been moving up...sure lumber and a few other commodities have retreated from their highs, but oil is not one of them. US Crude stockpiles fell by over 8.15 million barrels last week... The largest draw since January... We paid 2.75 to fill up last night in Portsmouth NH, but most stations are 3 bucks or higher.... But the real move in inflation is coming OER... The idea remains that a pipeline of Shelter/OER gains may soon be in the numbers. One company's July National Rent Report just released ,where they noted that rental prices have grown a staggering 9.2% rate so far in 2021, and we are just finishing mid year... We remain an inflation Hawk... And look for higher rates, just not today.
As for equities, we still see a 4 to 6 week window of record highs, but we are afraid a correction is around the corner...
Treasuries Gap Higher on Reports From Bild of Hacking of German Banks
The early morning headlines say that stocks are down and bonds higher due to the Delta Covid cases globally... They could not be more wrong as to the flows of the overnight session... Treasuries started lower in price and higher in yield but gaped (3 basis is a gap in this market) on the report that a Russian government back hacking firm was going after German banks for political reasons... That sent both Bunds and Treasuries about 3 better... And the headlines that equities are lower are true, but only by the smallest of margins and as we write this they are moving into the green... Reporters need to do their homework...
Today... ADP is out and while the employment report is critical to the next move in rates, today this number will take a back seat to the month end, quarter end, flows... ITC has had a small reallocation number for today, but we read a GS report last night saying something very different. They see a much heavier move out of stocks into bonds today from rebalancing. Their number is 30 billion , an amount that ranks among the 75th percentile in absolute value over the past three years but well below the 50-90 billion most months this year... This could move the 10 year through 1.47, which it has, but the next resistance is 1.42. We do not see it doing that much and would not be surprised to see a pullback to above 1.47.
Corporates... Yesterday we saw the treasury market back off in the morning as the mega Salesforce deal was announced... 8 billion priced with a concentration in the long end, 10-20-30-40...they had no issues getting it done, over 32 billion of orders.. Hey Janet you listening? They priced a 40 year at 95 over 30 years, for an A rated company... Free money... Time for the treasury to pursue the 40/50 year area while the demand is red hot...
Fed... There was an unscheduled Fed interview last night on Bloomberg... There are always a few not on the calendar... Waller was very clear that the Fed should start tapering sooner rather than later, starting with mortgages... We could not agree more, but his view is being lost in the month end, quarter end flows... And will be overruled by whatever the employment number is in 48 hours... Take the over.
Expect the Fed ORR facility to push 1 trillion today as quarter end flows and money search for a home to make their balance sheets look good for quarter end. This is not a market moving event, but what is a market moving event is the report that Quarles put out , along with the FSB, that INVESTORS SHOULD BE PENALIZED FROM DRAWING FUNDS FROM MONEY MARKETS... Hmm... Maybe we should move some of our .01 earning money market funds back to our bank which is paying .50...The report goes further, THE FSB BOARD SUGGESTED BARRING INVESTORS FROM YANKING ALL THEIR MONEY OUT. While a pain, anything that makes our funds more difficult to move around in a crisis is worth pursuing a cure....
Inflation... We are a Hawk on inflation and do not buy the ill defined transitory talk over everything that has been moving up...sure lumber and a few other commodities have retreated from their highs, but oil is not one of them. US Crude stockpiles fell by over 8.15 million barrels last week... The largest draw since January... We paid 2.75 to fill up last night in Portsmouth NH, but most stations are 3 bucks or higher.... But the real move in inflation is coming OER... The idea remains that a pipeline of Shelter/OER gains may soon be in the numbers. One company's July National Rent Report just released ,where they noted that rental prices have grown a staggering 9.2% rate so far in 2021, and we are just finishing mid year... We remain an inflation Hawk... And look for higher rates, just not today.
As for equities, we still see a 4 to 6 week window of record highs, but we are afraid a correction is around the corner...
Sorry, what is OER?
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