Stock Market Today: April 2nd - 6th, 2018

bounce off the MA200 again?

 

The net move the last 2 weeks has been essentially zero but every day we're moving 1-2% up or down.

Run to a resistance, and move 1% a day the other way. Fall to a support and move 1% a day the other way. Yoyo market.

 

I am buying the dips here, wouldn’t mind if we go lower and I can add more though

 

Are you playing any options? I'm trying to find the right expiration without getting destroyed by theta - I guess I could sell some puts?

I bought about 25 shares of UPRO @ 123.63 when SPY was right around the MA200

 

$TICK above 700 positive. Institutional traders are buying at this 2590 to 2600 level. I have already mentioned my frame for buy zones, according to my theory

 

This collapse today might be what we need for a real test of that 2700 level next week possibily

 

too bad my portfolio hasnt seen a net zero movement, ive been getting wacked lol.

 

to see a run to the 50 day in one week, we would probably need some advancements in a trade agreement. as someone has always told me, if a chart keeps banging against a support moving average like the 200 day, itll eventually bust the door down. these multiple retests over short periods of time is a bit scary honestly.

 

Well, I've got my lunch packed. I'm ready for that field trip now to that 2700 to 2750 level

 

The SPX 4 hour chart looks pretty bullish

 

I just bought some shares of the companies that I like for now, bought some CSCO and UNH today. Not going to be too aggressive just yet, leaving cash available just in case the selloff continues next week

 

Oil hitting lower TL support line....

 

+ 600 $TICK signals. 20 minutes left for Friday

 

I'm surprised at how well FB has held up.. I've been selling it for a month, I g guess all the evil is priced in now.

 

I've heard 3 bounces off the 200ma is bullish...but that's an old analogy....probably doesn't hold water in this environment...

 

That SPX 4 hour chart is looking more and more bullish

 

i hope that saying is true then haha. ive just been selling calls against my positions for the past few weeks now, making little money where i can.

 

There's method in this madness--I think