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• Friday, November 13th, 2009

Middle of NOV thru DEC, my best trading months–Lets see if I can go 50 wins and ZERO losses.
Click here for trading record
SUN, turned in sub par earnings, last week. I’d still try a long at RSI 30, approx 24-25–use a RSI 29 stop.
SUN at RSI 29, wait for RSI 25, then go LONG.
Hey some investors use 200 day, or 100 day, I have found that for SUN, RSI works a lot of the times.

Did you know that 34.16 take away 28% = 24.48?
No way does the market take away 30% from SUN.
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  • JAN VIX calls--I like the 25 and 27.5 strikes, they are working--just have to stay in that option strike price channel, (25) is 3.00-4.00
  • EBS, falling knife, wait for first up day and then go long
  • Hi Nergo
    "This is his list he checks on each hour: GOOG, GS, CAT, CSCO, INTC, JPM, AAPL, MSFT, WMT."
    Sometimes it's better to leave things just as they are--This guy has probably put a lot of work into this list---
  • nergo
    I have been racking my brain about your post above, but to no avail. So, I must ask the question: What do you mean by "... leave things as they are--"
  • This guy uses 9 companies, right?
    Maybe the guy tried 15 companies before, and that just confused him--Maybe he tried 5 before, and that didn't help--Maybe he tried 9 other companies, and got mixed results---Here's my point, once someone discovers a formula, I'd just try "his" formula for awhile, before I try to make any changes to it.
  • Nergo
    I understand, thanks. The 9 companies are just a simple indicator (not a formula) of many indicators traders can use to 'read the tape' i.e., the indicator may give a reliable hint to which way the overall market will move for the day. Example: if All these 9 companies are up 1.5% intraday at 1:00 PM and your thinking of Shorting a stock on your 'short watchlist' because its at the HOD and you think its due for a correction down (your stock is climbing higher with the 9 companies) THEN you might want to wait to Short the next day (or longer) when there is a sell-off because the 9 'major market mover companies' are indicating that day that the overall Market will probably close higher.

    P.S. I just remembered: Option Addict posted something about the significant high number of Call options bought on Friday for UUP. Or, was in USO. You might want to check it out.
  • ok, good. UUP, did you see my GDX megaphone chart? That chart would confirm option addicts take.
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