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Post by huh on Jul 28, 2016 14:39:13 GMT -5
JMO, but I'd give JBLU a little room here - at least use a stop if <18.65. If it can hold a rising support that sits there, it could breakout out to the upside within the next day or two. Breaks out >18.77. I'll probably be wrong, but tight enough stop that it might be worth the chance. [shrug] if oil rallies it will get killed is what Im worried about Oil hasn't even given a hint of bullishness in the last couple weeks. I bought UWTI the other day and am really regretting that one. At least it ended up working as a hedge against the NUGT purchase so I don't get burned too bad. JBLU's chart suggesting a rather large breakout/gap up soon if it holds that rising support. Perhaps tomorrow morning. JMHO
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Post by clinton on Jul 28, 2016 14:42:43 GMT -5
JBLU sold I made .04 a share after 3 months
weeeeeeeeeeeeeeeeeeeeeeee
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Post by clinton on Jul 28, 2016 14:43:52 GMT -5
tomorrow Friday
they gonna have a big oil rally send everyone home happy for the weekend.
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Post by clinton on Jul 28, 2016 14:46:45 GMT -5
going to hold the GORO
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Post by clinton on Jul 28, 2016 14:51:29 GMT -5
I see support near by\
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Post by huh on Jul 28, 2016 14:53:25 GMT -5
Yeah, I'm watching that same support in USO. Oil really should've rallied today IMO with that dollar move. Worries me that it didn't. Any pop, regardless how big, will likely end up being a sell, sell sell
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Post by dino on Jul 28, 2016 14:55:16 GMT -5
FYI - the underlying index for UWTI is $SPGSCLP (TDAmeritrade symbol). This is what I use to chart entries and exits for UWTI.
S&P GSCI Crude Oil Index Excs Return (S&P GSCI CRUDE OIL INDEX EXCS RETURN) Index CME:Index and Options Market
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Post by dino on Jul 28, 2016 14:59:02 GMT -5
Oil looks poopy to me but it's about oversold on the daily. 2-3% gap down tomorrow "could" be bullish.
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Post by clinton on Jul 28, 2016 15:06:12 GMT -5
look at the TZA pop into the close
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Post by clinton on Jul 28, 2016 15:07:48 GMT -5
amzn and goog nice beats
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Post by huh on Jul 28, 2016 15:08:45 GMT -5
And one up, one down. LOL
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Post by clinton on Jul 28, 2016 15:11:37 GMT -5
so Ford spends lots of money on FB and GOOG to get people to buy cars
and they arent.
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Post by huh on Jul 28, 2016 15:17:06 GMT -5
And one up, one down. LOL And now AMZN to the upside. What a whipsaw. It was down ~5% right after those earnings.
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Post by jacksrbtr on Jul 28, 2016 15:41:25 GMT -5
so Ford spends lots of money on FB and GOOG to get people to buy cars and they arent. Ah yes - the complexity and contradiction.
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Post by huh on Jul 28, 2016 15:55:47 GMT -5
... Here's another example - AAPL. I wrote years ago that AAPL was fundamentally peaking, and I went into a whole bunch of detail. They've peaked in US phone sales IMO, and they'll fall flat on their face in China (the Chinese generate huge cash by making the stuff for US companies, but they're not dumb enough to let their people give it all back to US companies in the form of gross profits. They'll keep that money in their country). And as Clinton pointed out, that was not a great quarter. And if you think an AAPL car may save them, well, you may be right, but not for a very, very long time. (and you're betting on the same sort of expectations that created the tech bubble) Yet I've been bullish on AAPL recently. Why? It's chart. But if/when AAPL tests ~116.30, then expect a drop to mid-60's Jul. 28 at 4:51 PM MktOutperform YoY Revenue Growth...
$FB:+59%
$AMZN: +31%
$NFLX: +28%
$GOOGL: +21%
$AAPL: -15%
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Post by huh on Jul 28, 2016 16:25:09 GMT -5
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Post by dino on Jul 28, 2016 16:45:54 GMT -5
Also looks like the start of a right shoulder of a perfect iH&S.
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Post by dino on Jul 28, 2016 16:49:56 GMT -5
JBLU sold I made .04 a share after 3 months weeeeeeeeeeeeeeeeeeeeeeee I haven't met a trader yet that has gone broke while consistently taking gains.
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Post by walnut on Jul 28, 2016 18:40:09 GMT -5
Yeah but the gains that you do take need to be large enough to offset the losses that you are also gonna take. You have to be compensating yourself for the risk you are exposing yourself to. But Dino I notice that you take big gains all the time so you don't seem to need any help
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Post by dino on Jul 28, 2016 20:08:09 GMT -5
Yeah but the gains that you do take need to be large enough to offset the losses that you are also gonna take. You have to be compensating yourself for the risk you are exposing yourself to. I have a comment on that but I don't have time tonight. I'm trying to catch up on Game of Thrones and if I don't stay disciplined, I'll never get there! lol...
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