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A Wyckoff Student Notebook

Discussion in 'Trade Journals' started by Onepoint272, Apr 27, 2016.

  1. Onepoint272

    Onepoint272 Well-Known Member

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    BA is another one on my 60-stock Wyckoff position sheet in the Aerospace group, the leader of that group in fact. BA looks well positioned for significant upside but the group has been a laggard (BA, GD, LMT, NOC, UTX, RTN), however they have been beating the S&P the past week but most have a lot of upside overhead, excepting BA. BA still needs to clear that upthrust high of $394.28 indicated on Jrich's chart.
     
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  2. Onepoint272

    Onepoint272 Well-Known Member

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    Appears like the buying will continue and the ES 2712 resistance will be tested. If it can get over 2814 that should confirm that the December dive under the February low was a terminal shakeout.

    Weekly bars:
    upload_2019-1-30_23-33-0.png
     
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  3. Jrich

    Jrich Well-Known Member

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    Took a positon in LRCX yesterday @170.51 with a stop @162.51
     
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  4. Jrich

    Jrich Well-Known Member

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    There it is, new high.. albeit, volume isn't noteworthy thus far in the session
     
  5. Rock Sexton

    Rock Sexton Meat Popsicle

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    Based on all the volume profile analysis I do ...... everything is bullish. It's now trading above the 2nd std dev of December, Q4 2018, and the entire year 2018. The December and 2018 bell curves on them were extremely bullish. As we head into January, want to see a continued breakout above 69.38.

    This is just conjecture and not the basis for the position I own, but if McDonald's stock can price in the $170's then it's only a matter of time for SBUX. They are everyhwere - even now in Italy of all places! As long as they continue to buy back stock it will keep rising.
     
    #465 Rock Sexton, Jan 31, 2019
    Last edited: Jan 31, 2019
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  6. Jrich

    Jrich Well-Known Member

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    Ill take the leap... Long SBUX @69.45 (1/2 position)
     
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  7. Rock Sexton

    Rock Sexton Meat Popsicle

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    Great chart notes!

    I'd find it very odd that if after 3 years worth of accumulation - there'd be a terminal shakeout leading to new highs, which would ultimately end in a UTAD. Would seem extremely paradoxical no?
     
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  8. Rock Sexton

    Rock Sexton Meat Popsicle

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    And of course some wacky ass shit going on in SBUX. At the end of the day yesterday there was a high volume dump all the way down to previous day's most active price in the 67's. It hit over 69 in box AH and then again today. Now of course they're grinding it lower at the moment.

    Just have to shake my head at this stuff sometimes.
     
    #468 Rock Sexton, Feb 1, 2019
    Last edited: Feb 1, 2019
  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    speaking of SBUX - there was a ton of call volume later in the day yesterday on the 60,65,62.5
    I mean, just look at all this:
     

    Attached Files:

  10. moss_sumit

    moss_sumit New Member

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    I noticed high call volume on SBUX too. There were another 8 or 9 trades yesterday morning where 1600 call options each were purchased with a $60 strike price .
     
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    The weird thing is that I don't see the OI on any of those SBUX calls today?!?
     
  12. moss_sumit

    moss_sumit New Member

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    @Rock Sexton - just want to bump attention to ATUS. I think you brought it up earlier in this thread.
     
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  13. Rock Sexton

    Rock Sexton Meat Popsicle

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    I've been wanting to buy since the 19's, but figured it would need a good earnings report to break up out of the multi-year base. The ER is on 2/21.
     
  14. Jrich

    Jrich Well-Known Member

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    Long BA @411.00 (1/2 position).... Its against my own rules to average down, but id make an exception here if 413 holds it up, cause i wouldn't mind keeping some BA in the lock box
     
  15. moss_sumit

    moss_sumit New Member

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  16. Rock Sexton

    Rock Sexton Meat Popsicle

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  17. Rock Sexton

    Rock Sexton Meat Popsicle

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  18. Onepoint272

    Onepoint272 Well-Known Member

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    I got pushed underwater on BABA but now breathing better. However, it only has cause to 186 so watching closely as it comes into the 186.50 resistance level and 190.49 axis. Any thoughts guys?

    Daily bars:
    upload_2019-2-27_23-34-39.png
     
    #478 Onepoint272, Feb 28, 2019
    Last edited: Feb 28, 2019
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  19. emmett kelly

    emmett kelly Well-Known Member

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    An uncle of mine passed away in his 90s back in 2015. A couple of years prior he sent me a box full of cassette tapes and a course binder. The other day out of curiosity I opened the binder and are you ready for this, it is the Wyckoff course. There were tests that he took and mailed away to be graded and have mailed back. Looks like he aced all of them. If he were around today, I can assure you he would be involved in this thread. Keep up the good work.
     
  20. Rock Sexton

    Rock Sexton Meat Popsicle

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    Just from my experience with volume profiles ......
    • The move down to the 130's was a shakeout (which I detailed previously in here)
    • It jumped back inside of an old range established in Aug 2017 thru April 2019
    • The point of control for that range was 177
    • Once price crossed above the POC it confirms the moves to the 130 was a shake out
    • Price tends to range below/above the POC in the same mathematical measurement i.e $47
    • 47+177 = $224
     
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