posted
Is anyone having ussues with optionsxpress java charts today? Or is it just me? Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote:Originally posted by SherriT: Chart? When you have a minute - look at CROX for me - the Stochastic is pegged on the daily...on one hand, I would expect to start going lower, but we are also heading into summer and Crocs season....curious what you thought...
Here I see a nice little stock, in the weekly chart you should be able to draw a support trendline at the lows, this would be an excellent way to "stay safe" in a long haul, make sure it doesn't breach that support line. Weekly chart shows start of an possible uptrend also.
http://stockcharts.com/h-sc/ui?s=CROX&p=D&b=5&g=0&id=p40908185873 In the details we see people accumulating again after the run, RSI has been doing a pretty good job of keeping an eye on telling when it's time to see, -the 70 line, which is right about where we are at.
So all in all it looks healthy, weekly is coming around to an uptrend, butthe daily seems to be telling of a pullback soon coming (RSI high).
Also, when tracking a stock a Aroon Oscillator indicator helps to show "where" a stock is in it's cycle. Note that as soon as the Aroon cross up over the ZERO line it's a good time to buy in, and when it fall below the 50 line you better bail, -or buy a put! LOL ~
quote:Originally posted by SherriT: Chart? When you have a minute - look at CROX for me - the Stochastic is pegged on the daily...on one hand, I would expect to start going lower, but we are also heading into summer and Crocs season....curious what you thought...
Here I see a nice little stock, in the weekly chart you should be able to draw a support trendline at the lows, this would be an excellent way to "stay safe" in a long haul, make sure it doesn't breach that support line. Weekly chart shows start of an possible uptrend also.
http://stockcharts.com/h-sc/ui?s=CROX&p=D&b=5&g=0&id=p40908185873 In the details we see people accumulating again after the run, RSI has been doing a pretty good job of keeping an eye on telling when it's time to see, -the 70 line, which is right about where we are at.
So all in all it looks healthy, weekly is coming around to an uptrend, butthe daily seems to be telling of a pullback soon coming (RSI high).
Also, when tracking a stock a Aroon Oscillator indicator helps to show "where" a stock is in it's cycle. Note that as soon as the Aroon cross up over the ZERO line it's a good time to buy in, and when it fall below the 50 line you better bail, -or buy a put! LOL ~ http://stockcharts.com/h-sc/ui?s=CROX&p=D&yr=1&mn=0&dy=0&id=p49034063017
quote:Originally posted by SherriT: Chart? When you have a minute - look at CROX for me - the Stochastic is pegged on the daily...on one hand, I would expect to start going lower, but we are also heading into summer and Crocs season....curious what you thought...
Here I see a nice little stock, in the weekly chart you should be able to draw a support trendline at the lows, this would be an excellent way to "stay safe" in a long haul, make sure it doesn't breach that support line. Weekly chart shows start of an possible uptrend also.
http://stockcharts.com/h-sc/ui?s=CROX&p=D&b=5&g=0&id=p40908185873 In the details we see people accumulating again after the run, RSI has been doing a pretty good job of keeping an eye on telling when it's time to see, -the 70 line, which is right about where we are at.
So all in all it looks healthy, weekly is coming around to an uptrend, butthe daily seems to be telling of a pullback soon coming (RSI high).
Also, when tracking a stock a Aroon Oscillator indicator helps to show "where" a stock is in it's cycle. Note that as soon as the Aroon cross up over the ZERO line it's a good time to buy in, and when it fall below the 50 line you better bail, -or buy a put! LOL ~
Is that what you wanted SherriT? ~
Later Board! Chart ~
Yep - I could read the basics of the chart (haven't ever used the Aroon, so thanks!), and thought I saw a possible pullback coming, but with summer approaching, wasn't sure how news and sales could affect that...
After the cubes rallied on news yesterday, that was part of what prompted the question....
Hope they keep dropping!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Yeah, looks like the RSI and stoch are continuing up. Those puts are falling fast.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
I've been spoiled with pennys and such...not cut out for the long term plays I don't think. I see way too much more money to be made. Once I can get back out with my profits, it will be time to flip....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Next week should be better. CMoney Flow going negative, low volume, momentum bars are not growing, but flat and the market seems to be running off the news, -which means it isn't strong.
$44.75 was the last highest run up point, so I hope we stay below that level.
It's the red line that you don't want to bet against, look how it flows smoothly up and down, and it is pointing down, and we didn't cross the $44.75 level, all checks still in place
posted
Back to the single Q....Qwest....Cramer named it as one of his three stocks to reach $12 the fastest. It's at $9 now....(but options are cheap )
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Notice the Aroon indicator and how it seems to be saying that a market correction is still coming... Rounding off downward.
Stochastic has crossed positive and will enter into over sold over the next week or two, possible then we will see the correction, or Aroon will bend up signaling a upward movement, but I don't think so.
Again in this chart with the Ultimate Oscillator (which when HOT tells us to buy PUTS) is heading right for "hot" territory, while Aroon is looking downward. This is a WEEKLY chart, so here too Ult. should be "hot" in a week or two, as well as Stochastic being then in overbought (high/hot).
The daily chart will bounce around, we are towards "hot" on the indicators, and PPO (MACD)has climbed this high before on it's indicator and has been knocked down 2 other times, so everything still seems to be saying that there is some sort of correction coming yet... IMO
Remember the super safe "extreme" plays are taken from the WEEKLY charts. When flipping off daily charts we need to stay away from the "middle" plays IMO.
WAIT for an extreme oversold/overbought condition, then buy to play it as safe as you can.
One thing I also noticed is that Stochastic likes to "snake" around the top or overbought area more then the bottom oversold area. -In other words it's safer to buy a Call when Stochastic crosses over in the Oversold area then the overbought (top) area, cause the top area likes to head fake.
Yet still sticking to buying 6-9 month options you would have been safe to ride them out and re-buy puts at the new highs, like what we are seeing now take place...
posted
I hope it is the next week instead of the "or two"...
Back on the subject of taxes in honor of "doomsday"...do I remember correctly that you can avoid the higher tax on the index options, even if you only hold for one day? What about less than a day?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by SherriT: I hope it is the next week instead of the "or two"...
Back on the subject of taxes in honor of "doomsday"...do I remember correctly that you can avoid the higher tax on the index options, even if you only hold for one day? What about less than a day?
At Optionxpress open up the "Chat Live" window and ask them, they'll tell you what you want to know
Sentiment: Investors have high hopes when it comes to large-cap technology issues. The Nasdaq-100 Trust (QQQQ 44.65) continues to see significantly less put activity than the iShares Russell 2000 Index Fund (IWM), whose SOIR comes in well above 2.0. In addition, many of its major components such as Dell have SOIRs in the lower half of their annual readings despite the fact that they are showing signs of technical weakness.
Outlook: From a technical perspective, the trust has rallied back into technical resistance at the 45 level. This region has capped the shares on a number of occasions during the past several months. Furthermore, the 45 strike is the site of heavy call open interest in the April series, with roughly 265,000 contracts in residence. This accumulation of bullish bets could potentially add another layer of overhead resistance to the 45 level. In addition, a number of large-cap tech stocks such as IBM, Intel, and Google have rallied into staunch resistance at their 80-month moving averages just ahead of their upcoming earnings reports. A weak earnings report from these companies matched with technical resistance could potentially result in a sharp decline for the securities.
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