Stock Picks Recap for 2/27/15
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, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich's AAPL triggered short (with market support) and didn't work:
CELG triggered short (without market support) and worked:
TWTR triggered short (with market support) and didn't work, worked later:
Rich's AMZN triggered short (without market support) and worked:
In total, that's 2 trades triggering with market support, neither of them worked. Ah the irony for the first time in forever, the two that triggered without market support did work though.
Futures Calls Recap for 2/27/15
A dead session for end of month (on a Friday, even worse) as expected. NASDAQ volume closed at 1.6 billion shares and the ES was stuck in mostly a 5 point range for the session.
Net ticks: -7 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and didn't work, then triggered short at B and worked:
NQ Opening Range Play triggered long at A and didn't work, then triggered short at B and worked:
ES Tradesight Institutional Range Play, triggered long at A and didn't work:
NQ Tradesight Institutional Range Play triggered short at B and worked:
ES:
Mark's call triggered long at 2108.75 at A and stopped. No re-entry as the market was dead:
Forex Calls Recap for 2/27/15
Closed out a winner in the money on the GBPUSD from the day before, then one new stop out and a near flat trade. See that section 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. See the EURJPY for the only new signal that matters.
GBPUSD:
Closed out the second half of the prior session's short in the money at A, note how we set the Pivot twice at B and C, our short triggered at D and stopped, and the long triggered pretty late in the session on a Friday, but if you took it at E, close at F for nothing major:
Stock Picks Recap for 2/26/15
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, QLIK triggered long (without market support due to opening 5 minutes) and worked:
ISIL triggered long (with market support) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Rich's AAPL triggered short (without market support due to opening 5 minutes) and worked:
His HD triggered short (with market support) and worked:
AMZN triggered long (just barely without market support) and worked enough for a partial:
Rich's TASR triggered short (with market support) and worked:
His FSLR triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Futures Calls Recap for 2/26/15
Another day of closing basically unchanged on the broad market. Unreal. Volume looked better early but still only got to 1.7 billion NASDAQ shares. It looked like we were getting a solid sell-off in the first hour, but that just fizzled. I had called off the ER/TF call that was in the Twitter feed in the Lab once the market fell sharply, but I forgot to post that to the feed because I didn't expect it to come back into play, so we will have to count it officially even though I wasn't in it. See that section below.
Net ticks: -8 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and didn't work, triggered long at B and didn't work:
NQ Opening Range Play triggered short at A and worked, triggered long at B and worked enough for a partial:
ES Tradesight Institutional Range Play triggered short at A and worked, never triggered long:
NQ Tradesight Institutional Range Play triggered short at A and didn't work, triggered long at B and did:
ES:
Forex Calls Recap for 2/26/15
A loser and then a nice winner, which is still going. See the GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Just like the prior night's discussion, if you've taken the course, you should also be taking this trade under S1:
GBPUSD:
Triggered long early before this chart even begins over UBreak and that stopped. Triggered short at A, hit first target at B, and still holding the second half with a stop at C:
Stock Picks Recap for 2/25/15
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, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich's LOW triggered short (with market support) and worked:
FSLR triggered long (with market support) and worked:
Rich's AAPL triggered short (with market support) and didn't work (worked later):
His NFLX triggered long (with market support) and didn't work:
In total, that's 4 trades triggering with market support, 2 of them worked, 2 did not.
Futures Calls Recap for 2/25/15
Another light volume day with a narrow start (we were in a 5-point ES range still over lunch) that closed with only 1.7 billion NASDAQ shares again.
Net ticks: -2 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 and NQ with Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play triggered long at A and worked nice:
NQ Tradesight Institutional Range Play triggered long at A and worked nice:
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.
Triggered long at A at 4446.00 and hit first target for 6 ticks, stopped second half under the entry. Triggered short at B and stopped for 7 ticks on a sweep, then put it back in and it retriggered, hit first target for 6 ticks and stopped second half over the entry:
Forex Calls Recap for 2/25/15
I said in the recorded opening comments yesterday that in addition to the EURUSD, a trader should also take the same set up in the GBPUSD. See those sections below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, never made it to first target and stopped:
GBPUSD:
Entry here was A, hit first target at B, so even though the setups were the same, the GBPUSD worked while the EURUSD did not:
Stock Picks Recap for 2/24/15
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, ESRX gapped over, no play, although it did come all the way back and fill the gap and close a bar under the trigger, so you could have taken it after that (and it worked).
DEPO also gapped over, no play.
So effectively, nothing off the report triggered due to gaps.
From the Messenger/Tradesight_st Twitter Feed, Rich's BABA triggered short (with market support) and worked:
His GOOG triggered short (with market support) and worked enough for a partial:
His HD triggered short (with market support) and worked:
GILD triggered long (with market support) and worked just barely enough for the partial that I posted:
Rich's GTLS triggered long (with market support) and worked enough for a partial:
His AAPL triggered short (without market support) and didn't work:
In total, that's 5 trades triggering with market support, all 5 of them worked.