Stock Picks Recap for 5/6/13
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, HIMX gapped over the trigger, so no play.
From the Messenger/Tradesight_st Twitter Feed, COST triggered short (with market support) and worked:
Rich's AMZN triggered short (without market support) and worked enough for a partial:
His RLGY triggered long (with market support) and worked:
His LULU triggered short (without market support) and worked:
GOOG triggered long (with market support) and worked:
In total, that's 3 trades triggering with market support, all 3 of them worked on a light volume day.
Futures Calls Recap for 5/6/13
A loser on the NQ and a small winner on the ES. See both sections below.
This Friday, I will have a longer post to make about the current state of futures and how to handle what we're seeing in this market with volume low. Today's NASDAQ volume was only 1.4 billion shares, and the ES range was only 6 points.
Based on the results of the survey from the weekend (and thanks to those that filled it in), I'm going to get a little more detailed about the futures trading environment.
Net ticks: -5 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 triggered long at A, never stopped over lunch, finally headed up. It technically never traded at the first target, but I posted at B when I took the partial and stopped the second half under the entry:
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.
Nice setup that set the Break level early, Mark's call triggered long at A but triggered on no volume and didn't work. Technically, it worked on the retrigger, but because of the volume issues early, Mark called off taking it again:
Forex Calls Recap for 5/6/13
Almost no movement overnight in the EURUSD, and then in the US session, the short triggered and didn't do much. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short finally at A, but didn't hit first target or stop and closed at B for 10 pips of loss for end of session:
Stock Picks Recap for 5/3/13
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, PCAR gapped over the trigger, no play.
LAMR triggered long (with market support) and worked:
IRDM triggered long (with market support) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Rich's GS triggered long (with market support) and didn't work:
His GOOG triggered long (with market support) and worked:
His GILD triggered long (with market support) and didn't work:
His LULU triggered short (without market support) and didn't work:
In total, that's 5 trades triggering with market support, 2 of them worked, 5 did not.
Futures Calls Recap for 5/3/13
A huge gap up in the markets took us away from all key levels, and we never got enough movement during the day to touch them. The only thing the ES touched was a tri-star level in 8 points of range. The NQ did start right over the UPT and launched. NASDAQ volume was a solid 1.6 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:
Futures Calls Recap for 5/3/13
A huge gap up in the markets took us away from all key levels, and we never got enough movement during the day to touch them. The only thing the ES touched was a tri-star level in 8 points of range. The NQ did start right over the UPT and launched. NASDAQ volume was a solid 1.6 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:
Forex Calls Recap for 5/3/13
A crazy session with the NFP data, which is why we go half size ahead of that data. Ended up with three triggers, including one on that data that might not have filled. See GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index. For the third weekend in a row, nothing to see in the daily charts for patterns or for Seeker/Comber signals.
GBPUSD:
The long triggered early at A, didn't stop out, triggered again at B if you missed it, went over halfway to the first target but didn't get there (note the 9 bar setup) and then stopped on the economic data spike. The short triggered at C on the data (still half size, and frankly, if you are awake, you should cancel ahead of data), but hit first target if you got a fill. Lowered stop in the morning and stopped over the entry at E. Then, with the data behind, back to full size and triggered long at F, hit first target at G, and stopped out at the same level as G on the way back down to close the week:
Forex Calls Recap for 5/3/13
A crazy session with the NFP data, which is why we go half size ahead of that data. Ended up with three triggers, including one on that data that might not have filled. See GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index. For the third weekend in a row, nothing to see in the daily charts for patterns or for Seeker/Comber signals.
GBPUSD:
The long triggered early at A, didn't stop out, triggered again at B if you missed it, went over halfway to the first target but didn't get there (note the 9 bar setup) and then stopped on the economic data spike. The short triggered at C on the data (still half size, and frankly, if you are awake, you should cancel ahead of data), but hit first target if you got a fill. Lowered stop in the morning and stopped over the entry at E. Then, with the data behind, back to full size and triggered long at F, hit first target at G, and stopped out at the same level as G on the way back down to close the week:
Stock Picks Recap for 5/2/13
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, ABMD triggered long (without market support due to opening 5 minutes) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich's GILD triggered short (without market support) and worked enough for a partial:
His AAPL triggered long (with market support) and worked:
His JPM triggered short (without market support) and didn't work:
GOOG triggered long (with market support) and worked huge:
NTES triggered long (with market support) and didn't work initially because the stock was so thin, worked great immediately after:
Mark's ALTR triggered long (with market support) and worked:
BIDU triggered short (without market support) and didn't work:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Stock Picks Recap for 5/2/13
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, ABMD triggered long (without market support due to opening 5 minutes) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich's GILD triggered short (without market support) and worked enough for a partial:
His AAPL triggered long (with market support) and worked:
His JPM triggered short (without market support) and didn't work:
GOOG triggered long (with market support) and worked huge:
NTES triggered long (with market support) and didn't work initially because the stock was so thin, worked great immediately after:
Mark's ALTR triggered long (with market support) and worked:
BIDU triggered short (without market support) and didn't work:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.