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.
posted
what i'm buying hog aug 67.5 calls i got them today at 1.45 they finished * 1.40 i bought 3 calls they have earning tomorrow and ytd for the same q they didn't make as much as they did last yr .73 compared to .86 same q last yr but with high gas prices and a lot of us baby boomers want one summer is coming i think by july they should be * 70. chart check them they're at the bottom of all the indictators i hope no where to go but up glta
Posts: 32 | From: redding ca usa | Registered: Jun 2003
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quote:Originally posted by jcluvsu2: what i'm buying hog aug 67.5 calls i got them today at 1.45 they finished * 1.40 i bought 3 calls they have earning tomorrow and ytd for the same q they didn't make as much as they did last yr .73 compared to .86 same q last yr but with high gas prices and a lot of us baby boomers want one summer is coming i think by july they should be * 70. chart check them they're at the bottom of all the indictators i hope no where to go but up glta
that second WEEKLY chart says you are at the beginning of an uptrend! And by looking at the angle of the crossover it looks good! Think you'll have a winner there my friend
QQQQ See we had a gap play this morning that closed I'm on vacation tomorrow so see you all next week!
Did anyone notice the name change?.... QQQ Power Shares.... ???
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New Name: PowerShares QQQ(TM) New CUSIP Number: 73935A 104
The new CUSIP will become effective on Thursday, April 12, 2007 concurrently with the expiration of the old CUSIP. The new name is PowerShares QQQ(TM). As previously announced on March 21, 2007 PowerShares became the sponsor of the NASDAQ-100 Trust, which tracks the NASDAQ-100 Index®. The PowerShares QQQ has over 1 million shareholders and approximately $17 billion in assets.
"We are very proud to have the PowerShares QQQ as part of our industry-leading ETF family," said Bruce Bond, President of PowerShares Capital Management. "As the most actively traded listed equity security in the World, the PowerShares QQQ is consistent with our commitment to seek to provide the most compelling investment tools available in the financial marketplace today."
PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions. Additional information is available at www.powershares.com.
posted
hey chart thanks for the charts you're right they do look good might ride this harley for awhile
Posts: 32 | From: redding ca usa | Registered: Jun 2003
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posted
Looking like a gap up this morning. I guess we'll see if it closes like usual.
The daily chart on the Q's is showing a pretty good uptrend so far. The weekly chart looks like its still heading upward, the stoch is getting into the over bought region.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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...what a crappy week!