Stock Market Today: April 30th - May 4th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Apr 27, 2018.

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  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Bought some QQQ shares and next week QQQ 161 calls at the open this morning.

    200MA works... until it doesn't
     
    #61 AverageJoesTrades, May 3, 2018
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  2. StockJock-e

    StockJock-e Brew Master
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    Ill be keeping an eye on transports, something has to got to give!
     
    #62 StockJock-e, May 3, 2018
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  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    mayday... mayday
     
    #63 AverageJoesTrades, May 3, 2018
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  4. OldFart

    OldFart Well-Known Member

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    dow -350....we're giving it all she's got captain!!

     
    #64 OldFart, May 3, 2018
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  5. Frankenstein

    Frankenstein Well-Known Member

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    Ok. The SPX collapsed to 2594. I averaged in 2 more times long during that collapse.
     
    #65 Frankenstein, May 3, 2018
  6. jazz

    jazz New Member

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    what etf or stock are you going long on?
     
    #66 jazz, May 3, 2018
  7. Frankenstein

    Frankenstein Well-Known Member

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    I buy S & P 500 proxy ETFS--just simpler to manage, since I know the S&P 500 pretty well
     
    #67 Frankenstein, May 3, 2018
  8. Frankenstein

    Frankenstein Well-Known Member

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    2560 to 2600 excellent buy zone. 2600 to 2620 solid buy zone. All according to my theory of trading
     
    #68 Frankenstein, May 3, 2018
  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Could trade futures as well....
     
    #69 AverageJoesTrades, May 3, 2018
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  10. Frankenstein

    Frankenstein Well-Known Member

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    That could be it for the 2600 level. The SPX at 2618 at 9:42 a.m. PST. Had been at 2594.
     
    #70 Frankenstein, May 3, 2018
  11. Frankenstein

    Frankenstein Well-Known Member

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    $TICK above 800 positive. Institutional traders are buying
     
    #71 Frankenstein, May 3, 2018
  12. OldFart

    OldFart Well-Known Member

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    that's what I thought he was trading...he's pretty decent at finding bottoms, so his last couple of longs on /ES would have paid off huge.
     
    #72 OldFart, May 3, 2018
  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Ah, I didn't know ETFS was futures - maybe I'm just not familiar with the acronym. I'm just used to seeing @ES referenced as futures.
     
    #73 AverageJoesTrades, May 3, 2018
  14. OldFart

    OldFart Well-Known Member

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    I was just saying "if he was trading futures". It seems he isn't or he would have said he trades /ES...
     
    #74 OldFart, May 3, 2018
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  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Saw brief flickers of green just now... look at that long tail on the daily!
     
    #75 AverageJoesTrades, May 3, 2018
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  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Yea, hopefully he is - or starts. He has been calling the bottoms pretty well and would've made a killing with futures.
     
    #76 AverageJoesTrades, May 3, 2018
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  17. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    ntnx and twtr holding up really well for me today, picked up some under armor today and picked up some GE on Tuesday.

    market held the 200 again, i still got some more buying power, i wish it would have stayed at 259x for a little longer, i was out and about running errands this morning .
     
    #77 Ken34, May 3, 2018
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  18. OldFart

    OldFart Well-Known Member

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    or options
     
    #78 OldFart, May 3, 2018
  19. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    yooo, this is wierd, at 106pm, the stock spiked hard above the 50 day and then pulled back 4 minutes later, lol.

    [​IMG]
     
    #79 Ken34, May 3, 2018
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Just got up, looks like a pretty big bounce off the lows for the market :eek:
     
    #80 stock1234, May 3, 2018
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