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Post by sd on Aug 27, 2024 6:59:34 GMT -5
8.27.2024 Futures mixed- @ 8 am -all near the 0 line.
eod- tRADING SUB PAR- sIDEWAYS RANGES - PUSHED TRADES...
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Post by sd on Aug 28, 2024 15:41:26 GMT -5
Wrong thread-2024
8.28 Better trading today- Focused only on TZA,TNA -
Multiple trades made -and much tighter stops - Big difference in the price spreads on TZA AS a $14.50 stock price and the TNA above $42.00. Waiting on NVDA to report here in the pm in a few minutes- NVDA is expected to outperform, markets can easily sell-off-
Salesforce reported a beat but lowered the forward guidance. CRWD also beats but sees a future impact from their botched software update.
Carrying over TZA again -overnight- full position - missed selling right at the Close.
NVDA reported beats, but did not blow out expectations- seeing some selling in the after hours- waiting for the guidance.
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Post by sd on Aug 29, 2024 6:53:21 GMT -5
Wrong thread -2024
8.29.2024 Futures in the Green...NVDA down slightly @ $121.00 pre mkt. TZA carry over -in the RED. Failed to push the sell confirm at the Close in time- missed by 1 second.
Modified 1M chart- Orange line represents the 7 ema- Green line the 50 ema- black dashed line the 200 ema for dominant trend direction. VWAP-pink line- When price is below , holders are mostly underwater- When price is above, holders are in the green
The MACD 7,16,1 ; 12,26-1 the black line 'hook' often signifies an early turn in price direction/momentum. a cross of the pink 12-26-1 line bears watching. Histogram- the 0.0 line cross can be a signal - front running as the histogram improves towards the 0.0 line is also a consideration to get an early entry. Price is not shown on the 1st chart- I've been using the 2 M chart , but will also start using the 1M chart alongside- the 2M- The relatively small price moves on the TZA/soxs represent a large% as these are under $10 compared to the higher priced long SOXL, TNA. etc.
TNA
Sold TZA position for a loss -pre mkt. held overnight inadvertently- too slow on the trigger cutting it too close to the market Close At 4 pm. yesterday.
Trade 1 TNA on the reversal higher.
stop ticked up to $43.59
momo struggling
Nets + $0.86 on TNA tight trailing stops
Re entry stops out at B.E.
TNA- made 2 buys- avg $43.66 cost - stop now @ B.E.
Significant difference comparing signals on the 1 & 2 M vs the 5M VWAP seemed to provide an area of buying interest. adjusting stop higher with the sar.
11:36 sar $44.08 stop triggers The prior high was resistance- $44.25 dbl top.
a new Buy stop order following price using the sar as an entry stop mmkt price order. Flipped- whipsawed by TZA
@ 12:07- Price trending higher- SAR stop is just above B.E. just adjusted to $44.34 w/sar
stop is $44.39 - sar is $44.32 tight. 12.15 pm
Price is waay above Vwap- stop triggers- New buy stp $44.51 is in place on a potential snap back up move
Markets completely rolled over at 2 pm -
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Post by sd on Sept 1, 2024 3:45:01 GMT -5
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Post by sd on Sept 3, 2024 8:05:23 GMT -5
wrong thread-2024
9.3.2024 Futures all RED to start September- EOD- Hard sell-off today- Small TZA test position in the AM, held all day- Company today, didn't follow the markets. Had to sell out of NVDA this am on price declining hard- Loss on the recent position. NVDA gets a subpoena from the Justice dept... Semis getting trashed- Tech-in general getting continued weakness.
HOLDING tza OVERNIGHT- fAMILY VISITING TODAY- SO NO other trading focus.
From Pete at the LB Board- Illustrating how the defensive sectors have turned recently and are outperforming the stall and pullback in the SPY Worth paying attention to! Sector rotation is penalizing the Tech leadership- as a source of funds to rotate into other sectors.
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Post by sd on Sept 4, 2024 16:48:14 GMT -5
posted in wrong thread -2024 9.4.2024 Futures remain in the RED premkt, but improving from 7 am -9 am. TZA cLOSED @ $15.26 - SHOULD OPEN HIGHER...
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Post by sd on Sept 5, 2024 5:50:54 GMT -5
9.5.2024 Thursday -Futures flattish @ 7 am - Nas slightly RED , S&P, Dow slightly green. Jobs report Friday- MKTs believe a FED cut is inevitable coming up in September- The question is how large- A lot of economic deterioration is occurring, as seen from ad decline in retail spending, pullbacks by the consumer , and job openings are reduced. The hype over AI has now become a "show me" - prove there is actual value for business to make money- The scare over AI is that it will easily allow employers to cut back on employees, as fewer people will be required as AI will supposedly increase individual worker productivity.
September is traditionally a poor month for investing- Upcoming elections are undecided- and business will have to determine how the new congress and president will impact their business-
Biden plans to block Nippon Steel from Buying US STeel as a security Risk- The steel worker Union is against the merger... China is dumping steel at low cost - The Tariffs proposed by both Trump and The Harris side while designed to make American companies more competitive- will bring on more inflation in higher costs of goods. That's directly in conflict with the FED trying to control inflation with restrictive rate hikes and planning to ease now that inflation appears to be trending lower. Jason Leavitt- video on August was a Terrible month-- possibly posted this previously- www.youtube.com/watch?v=-sUIlc5D1qI
Positioned defensively SPLV, IHI but with stops-
Tom LEE suggests the next 8 weeks are likely -7-10% decline- also a buying opportunity- www.youtube.com/watch?v=9K6vbJ9jJyY
8:45- Futures are all deeper in the red.-
Traded impulsively yesterday after making several good trades initially, and ended up in the RED trading TZA/TNA-Had winning trades to start off- but gave it back forcing trades. The post market review- really illustrates - got to go where price is trending-
Focused again on TZA/TNA- small size and focused on price action- many trades- but drifted and took a few trades in TSLL this pm -which put me in the RED -$14.00 .. However, the small size trading was net profitable-but i made an intentional decision to trade small, use the 2M time frame- and test myself for being able to align myself with the directional changes in the market- Amazing when you start to view the 2 sides of the market gyrations- Comparing the long and the inverse side by side is an eye opener- Today was a day where the MM opened price and then reversed direction quickly- That fake out open undoubtedly sucks buyers in- and triggers stops on the other side- MM got to be laughing at every open- Lots of chop and slop today - and rotations in trend direction
The sloppy volatiity in the 1st 30 minutes seemed to settle in -as it often does-Right @ 10 am... The 2 day chart gives an indication of the prior trend -0 VWAP -on this faster time frame - is difficult to judge the merits- Overall- The up trend appears more vigorous when Price is above the Vwap.
An anchored Vwap may be the better selection for day trading---Where the starting point can be adjusted to fit swings on the price chart. this Example is the 5 day, 5M chart - The 5 day look tells us that TZA is trending up and to the right- now above the 200 ema compared to where it was 8-29; 8-30 - Granted trends can change -and often do - look at the different opens- and how price rolls up and down most days- 9-3 was the exception in this chart- Trend opened up and trended higher all day.
Jobs report tomorrow- but payroll deata today indicated job weakness. Time to be defensive !
IHI stops out today- SPLV is now in the red and close to the stop- Profits evaporating.
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