Futures Calls Recap for 1/23/14
A winner and a loser that washed on the ES after it set the S4 level after a big gap down and continuation day, something we don't see much and can be hard to trade with the gap. NASDAQ volume closed at 2 billion shares.
Net ticks: +0 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Mark's call triggered short at A at 1818.00 and stopped for 7 ticks. He entered it again at B, hit first target for 6 ticks, and stopped second half 8 ticks in the money:
Forex Calls Recap for 1/23/14
It looks like a big move, but remember that this is just an average move in Forex historically. Nice winner on the EURUSD (see that section below, over 100 pips in the money and still going) and we still have the second half of the GBPUSD winner from yesterday.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, hit first target at B, kept going, adjusted the stop a few times and still holding with a stop under R3 almost 120 pips in the money:
GBPUSD:
Still holding the second half of the prior day's long now 120 pips in the money with a stop under the yellow line at A:
Forex Calls Recap for 1/23/14
It looks like a big move, but remember that this is just an average move in Forex historically. Nice winner on the EURUSD (see that section below, over 100 pips in the money and still going) and we still have the second half of the GBPUSD winner from yesterday.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, hit first target at B, kept going, adjusted the stop a few times and still holding with a stop under R3 almost 120 pips in the money:
GBPUSD:
Still holding the second half of the prior day's long now 120 pips in the money with a stop under the yellow line at A:
Stock Picks Recap from 1/22/14
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, MDSO triggered long (just barely without market support) and worked great, have to take the top picks that look like that even in the opening minutes:
LSTR triggered long (without market support due to opening 5 minutes) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's WYNN triggered short (with market support) and worked enough for a partial:
His DECK triggered short (with market support) and didn't work:
His XLNX triggered long (without market support) and ultimately worked, but might have stopped you quick if you kept it tight:
Several other calls, but nothing triggered.
In total, that's 2 trades triggering with market support, 1 of them worked, 1 did not, but the MDSO was the big winner.
Futures Calls Recap for 1/22/14
A loser on the ES and a winner on the NQ for the session as the broad market basically stuck in a 5-point ES range. Volume looked good early though and closed at 1.8 billion NASDAQ shares.
Net ticks: -4 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
My call set the Pivot and triggered short at A at 1836.00 and stopped for 7 ticks:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Mark's call set the R1 here and triggered long at A at 3621.75, hit first target for 6 ticks, and closed 2 ticks in the money:
Forex Calls Recap for 1/22/14
Unfortunately, we did stop out of the second half of the prior day's GBPUSD trade in the money before it turned and ran up on news. But, we had another winner as well. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Second half of our trade from the prior session stopped at A in the money. Once again, we had a news spike (several suddenly in the last couple of weeks, something we haven't seen for a while) and triggered us long at B, hit first target at C, still holding second half with a stop under R2:
Forex Calls Recap for 1/22/14
Unfortunately, we did stop out of the second half of the prior day's GBPUSD trade in the money before it turned and ran up on news. But, we had another winner as well. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Second half of our trade from the prior session stopped at A in the money. Once again, we had a news spike (several suddenly in the last couple of weeks, something we haven't seen for a while) and triggered us long at B, hit first target at C, still holding second half with a stop under R2:
Stock Picks Recap for 1/21/14
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
Today was a little unusual in that we got big winners in both directions from trades that triggered without market support just barely.
From the report, NTAP triggered long (without market support due to opening 5 minutes) and worked:
ORLY gapped over, no play.
VRTX triggered long (without market support) and worked:
SGEN triggered long (without market support due to opening 5 minutes) and didn't work:
BWLD triggered short (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, TSLA triggered long (without market support) and worked great:
COST triggered short (with market support) and worked:
In total, that's 2 trades triggering with market support, both of them worked.
Futures Calls Recap for 1/21/14
The markets gapped up and the early action was very slow. Unfortunately, I didn't re-enter the short idea that stopped early on because it did trade under the trigger for about 10 minutes before stopping, but it worked big on the retrigger. See ES below. NASDAQ volume closed at 1.9 billion after a strong opening.
Net ticks: -14 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Short call triggered at A at 1841.75 and stopped for 7 ticks. Long call in the afternoon triggered at B at 1838.25 and stopped for 7 ticks:
Futures Calls Recap for 1/21/14
The markets gapped up and the early action was very slow. Unfortunately, I didn't re-enter the short idea that stopped early on because it did trade under the trigger for about 10 minutes before stopping, but it worked big on the retrigger. See ES below. NASDAQ volume closed at 1.9 billion after a strong opening.
Net ticks: -14 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Short call triggered at A at 1841.75 and stopped for 7 ticks. Long call in the afternoon triggered at B at 1838.25 and stopped for 7 ticks: