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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    Spike above the 50ma and now down at the 200ma - any news?
     
    #81 AverageJoesTrades, May 3, 2018
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    #82 stock1234, May 3, 2018
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  3. Frankenstein

    Frankenstein Well-Known Member

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    I entered initially at 2633 and then averaged in. I exited at 2633 at break even with the first long entry and then made a profit with the other long entries. I shall monitor the price action and want to enter long again at the appropriate level. Profit taking is crucial in this environment
     
    #83 Frankenstein, May 3, 2018
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SPY still below the 8 ema. Still bouncing between levels.
    See if QQQ breaks above 50ma.
     
    #84 anotherdevilsadvocate, May 3, 2018
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  5. Frankenstein

    Frankenstein Well-Known Member

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    The long entry at 2597 was, of course, the most profitable. But all out, as I said, at 2633.
     
    #85 Frankenstein, May 3, 2018
  6. Frankenstein

    Frankenstein Well-Known Member

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    Another test of that 2600 level would be nice--if that happens. I want a solid long entry
     
    #86 Frankenstein, May 3, 2018
  7. Frankenstein

    Frankenstein Well-Known Member

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    I love this 2018 volatility. Not like 2017 at all
     
    #87 Frankenstein, May 3, 2018
  8. Frankenstein

    Frankenstein Well-Known Member

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    The bears need to close the SPX non above 2620 to create an edge
     
    #88 Frankenstein, May 3, 2018
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Sitting out overnight ahead of the jobs report tomorrow morning :p
     
    #89 stock1234, May 3, 2018
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  10. Frankenstein

    Frankenstein Well-Known Member

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    Oh yea the NFP
     
    #90 Frankenstein, May 3, 2018
  11. Frankenstein

    Frankenstein Well-Known Member

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    Looks like maybe the institutional traders are thinking about next week--or the NFP. Remember, all my price levels are: 1. coming from my personal trading theory; 2. relative--as price changes, the dynamics of where to enter and exit also change; 3. finally, even if I say something more definitive, how to interpret all of that is dependent on A. your time frame and B. your trade management philosophy
     
    #91 Frankenstein, May 3, 2018
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  12. Stockaholic

    Stockaholic Content Manager

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    [​IMG]
     
    #92 Stockaholic, May 4, 2018
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  13. jazz

    jazz New Member

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    what is the resistance level
     
    #93 jazz, May 4, 2018
  14. OldFart

    OldFart Well-Known Member

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    /Cl broke above $69...too bad I was eating lunch so I didn't trade it....:mad:
     
    #94 OldFart, May 4, 2018
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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    2682.
    Highest close in last 2 weeks has been 2670.
     
    #95 anotherdevilsadvocate, May 4, 2018
  16. T0rm3nted

    T0rm3nted Moderator
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    Anybody watching anything that's approaching some support? Got quite a bit of cash on the sidelines looking for more positions and my style is to trade off support for the most part.
     
    #96 T0rm3nted, May 4, 2018
  17. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    completed my first futures trade - I bought one contracts @ 2,629.5410 and just exited at 2,666.50. My system said to hold over the weekend, but I decided to cash out early. Still holding some QQQ and SPY shares over the weekend.
     
    #97 AverageJoesTrades, May 4, 2018
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  18. T0rm3nted

    T0rm3nted Moderator
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    Congrats on the profits my friend!
     
    #98 T0rm3nted, May 4, 2018
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Almost touched $70 today :eek:
     
    #99 stock1234, May 4, 2018
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL not looking good at all not too long ago, but today it hit a new ATH :p
     
    #100 stock1234, May 4, 2018
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