Consumer Confidence Falls Again LOS ANGELES (April 10, 2006) — Consumer confidence slipped for the third month in a row in April, with the IBD/TIPP Economic Optimism Index registering a pessimistic score of 45.5, an 18-month low. This is down 5.3 points, or 10.4%, from March's reading of 50.8 and 4.8 points below its 12-month average.
Over 50 means optimism; below 50 indicates pessimism.
So far momentum bar is shorter --and I'm seeing a Stochastic cross negative Now to close below that $44.50 mark again and it's off to the bank to cash in those PUTS!!
quote:Originally posted by SherriT: Nice play JLo...looks like those shorter term options trade nicely for quick plays.
I'm seeing that the SHORTER term options are reacting MORE then the longer term ones....
There's the catch I guess... It'll pay more to buy "this months" options on a flip, but if for some reason (remember when the FED posting that news!) stochastic does a head fake you lose...
"Something to think about" Not that safe, but darn they pay good
In looking backwards in the charts, over 90% of trades should turn a profit if you aren't greedy and wait to long...
I think you would be fine if your account was divided into 5 parts and you bet 1/5th per trade, cause in backtesting clearly you would have won alot more then not...
FWIW ~
JLo how do you run your account??? Do anything special?
Milliam, my 2 cents would be to go for a new Put. $40 was/is a target point, but then the FED kept interest rates the same and the market rallied, it may still pull back to there but I think it's time to get a new $45 Put, you could go with this months which expire in 10 days (cheap), -Stochastic does look like it's going to do a dive....
Or snag a less risky one a month or two out, that's your call.
Then just watch Stochastic's and Momentum bars for flips...
If you want super safe plays buy off a WEEKLY chart at extreme lows/highs 6-9 months out.
posted
The full stochastic is pretty much the bomb when it comes to the QQQQs...
Note about your risky plays...if you look at the profit per contract, your profit amount was .20 give or take....the reason the risky ones were more profitable is because you could buy more with the same amount of capital. If you have more capital to play with, you can take less risk and get the same $ profit (but not %)
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Very risky PUT....even though the profit was there, I think I would have had to stick with May or later....only two days til expiration on April.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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There's actually another week until April expiration, but it is close. I couldn't bring myself to buy the April 44 Put, but its up 71% for the day. The May 44 I bought is only up 31%.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Yep, Chart, I sure do...except I was so new then that I didn't quite understand what you guys were talking about... But now, AFTER I get a good trading base, I would be willing to try a more risky plan now and then...
Risk has eaten my tail this week, so I am gunshy
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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great topic enjoying everyones views now that the q's have made those buying puts money following the same charts as before at the bottom of the stochastics below 20 we ride calls back up is that right
Posts: 32 | From: redding ca usa | Registered: Jun 2003
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4/9/2007 Buy To Open 3 .QQQUS QQQQ SEP 45 Put $1.930 $14.95 ($593.95) 4/9/2007 Buy To Open 4 .QQQRS QQQQ JUN 45 Put $1.340 $14.95 ($550.95) 4/9/2007 Buy To Open 5 .QQQQS QQQQ MAY 45 Put $1.060 $14.95 ($544.95) 4/9/2007 Buy To Open 8 .QQQPS QQQQ APR 45 Put $0.670 $14.95 ($550.95)
Momentum bars are shrinking, -another good sign, people are dumping (Accum/Dist indicator) -another good sign, but I noticed the CMoney flow grew.... "?" [-not shown in this chart]
One in every crowd huh!! LOL ~
I mention the positive CMoney Flow so we can note how everything plays out...
jcluvsu2!! Hey I like that screen name! Welcome!!!
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"Optionsmart" (a PAID service) sent me this pimping email, some guy was happy about making 6.5% in 9 days! LOL ~ [sounds like a BAIL OUT to me, not something to brag about IMO ~] Our top pick here at Allstocks was at 50% yesterday. --2 days! And we're gapping down today! WAAAHOOO!!! -------------------------- QQQQ OUTLOOK
Wednesday, April 11, 2007
Testimonials
"You are doing a great job, smart traders like you are the reason I quit trading the stock market." We have made 6.5% Gain in 9 Days! -------------------------------- Hmmmm,.... I wonder if I should start a..... naaa ~
quote:Originally posted by Chart walker: "Optionsmart" (a PAID service) sent me this pimping email, some guy was happy about making 6.5% in 9 days! LOL ~ [sounds like a BAIL OUT to me, not something to brag about IMO ~] Our top pick here at Allstocks was at 50% yesterday. --2 days! And we're gapping down today! WAAAHOOO!!! -------------------------- QQQQ OUTLOOK
Wednesday, April 11, 2007
Testimonials
"You are doing a great job, smart traders like you are the reason I quit trading the stock market." We have made 6.5% Gain in 9 Days! -------------------------------- Hmmmm,.... I wonder if I should start a..... naaa ~
You're a smart guy Chart! Your years of studying is paying off for you (I hope)! Well done! Just play everything in life as wisely. GLTY
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote:Originally posted by jcluvsu2: great topic enjoying everyones views now that the q's have made those buying puts money following the same charts as before at the bottom of the stochastics below 20 we ride calls back up is that right
Yes, the idea is when the Stochastic bottoms out, you would buy calls....
Welcome aboard!
-------------------- 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 milliam: Check out those risky plays now. They are really taking a hit. Shows how risky they are and how you don't want to stay in them too long.
The April 44 put is down 22% while the May 44 put is only down 8%.
Yep, if playing those I would use 1 minute intraday charts for sure. I would feel safe doing that with the "risky" (this month) trades.
So, we learned that a nice gap down with a growing CMoney Flow will slam a gap shut didn't we! Sweet! Remember I pointed the CMoney Flow thing out this morning, and here we are!
And with those prices tanking on the "riskies" all I can think about is BARGAIN PRICES!
This is what I mean... Intraday chart them, when they are way oversold on a 5 minute chart and turning south on a 1 minute chart BUY THEM. A couple minutes and a couple cents down and you have a quick nice intraday trade with options IMO.
A chart an indicator nut can clean up, or down! LOL ~ Price "movement" is all you need. Think about that....
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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...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Earning reports came out, rallied the cubes. POS. ha ~ Haven't said that since trading pennies!
Really miss pennies... NOT! Dilution, SEC shutting you down, scams, pump and dumps, stock manipulation, shady CEO's, BS PR's... I could go on and on...
Love my cubes! Biggest "problem" we come across are news reports of earnings or the FED. Basic everyday stuff. That I can deal with... Later Board
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