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Old 03-16-2017, 08:28 AM   #551
rafiki
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Re: 2017 Trading Thread

We too late on defence plays? That Trump budget!
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Old 03-16-2017, 09:15 AM   #552
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Re: 2017 Trading Thread

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We too late on defence plays? That Trump budget!
No I have been buying dips on NOC since it broke out in early 2013 and it has displayed the most beautiful uptrend channel imaginable for the past 4 years. Any time it has shown weakness it has been a good buy and even when it showed strength
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Old 03-16-2017, 01:39 PM   #553
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Re: 2017 Trading Thread

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I'm long China via FXI call spreads, don't see anything stopping (even Trump rhetoric etc) a breakout into low $40s with what is happening globally. Their US exposed stocks are breaking out already so it's a nice bit of a catchup that is the expectation.
Taking a bit longer that I would've liked but finally attempting to hit the gap post fed. Will take profits when my spread gets capped.
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Old 03-16-2017, 02:42 PM   #554
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Re: 2017 Trading Thread

Shorted KBH today
posting highs today
earnings report due 3-23
law suits up the ying-yang
reaps of crash after earning
looks like pump n dumps are on this big time.
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Old 03-20-2017, 02:10 PM   #555
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Re: 2017 Trading Thread

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Interesting article on Greece. This is what tanked the markets a couple of times over the past few years. The situation has gone into the background as the bailout money has kept them afloat for a while, but it's slowly rearing its head again. With French elections as well I expect this will be a tumultuous year in Europe.

Lenders demand austerity amidst Greek bailout talks


This will be a market mover in 2017 for sure. Worth keeping an eye on.
Back on the horizon:

Traders Attributing Move Lower In S&P 500 Futures To Comments Made By Greek Finance Minister Euclid Tsakalotos Who Said They Can't Reveal If They Can Pay Debt Due In Summer

Small move today but this will move markets this year until they stabilize it or it all blows up.

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Old 03-20-2017, 02:32 PM   #556
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Re: 2017 Trading Thread

spoos are in a 3 handle range today, anyone attributing any move to anything is a headline seeking clown. i realize that sounds harsh but i can't overstate how little we should pay attention to anything on a 3 handle day.

not targeting tooth, targeting people who want reporters to cite them on their end-of-day market reports "oh this happened because this" zzzzzzz

but yes greece will eventually be a thing
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Old 03-20-2017, 02:37 PM   #557
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Re: 2017 Trading Thread

So the volume drop happened EXACTLY at the moment the Greek finance minister made the statement. Professional news services agree and drew the connection at the same time. Comments like these move markets all the time.

Anyone who doesn't connect the two simply doesn't trade. Sorry man, you are dead wrong here.

I agree that post hoc theorizing is often a joke ("end of day", as you put it), but that doesn't fit into this category.
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Old 03-20-2017, 02:58 PM   #558
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Re: 2017 Trading Thread

That other dude that tailed me on CRBP still got any? I gotta think about selling here soon I'd think. Must be up 75%.
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Old 03-20-2017, 05:01 PM   #559
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Re: 2017 Trading Thread

This new job is KILLING me i can barely trade anymore.

Caught the end of that massive swing up in HOS today, in from $3.46 and doubled the position at $3.60. Planned on selling at the bell but im letting it ride til tomorrow... I envision a pretty quick exit once the bell rings.
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Old 03-20-2017, 08:26 PM   #560
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Re: 2017 Trading Thread

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Newbie question, but how do you see the amount of stocks that are bought for the day (log so to say)
You'd need a source or client that gives you access to the 'Times and Sales' feed for a given stock.
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Old 03-21-2017, 09:37 AM   #561
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Re: 2017 Trading Thread

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This new job is KILLING me i can barely trade anymore.

Caught the end of that massive swing up in HOS today, in from $3.46 and doubled the position at $3.60. Planned on selling at the bell but im letting it ride til tomorrow... I envision a pretty quick exit once the bell rings.
Hope you held through the open
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Old 03-21-2017, 09:45 AM   #562
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Re: 2017 Trading Thread

Got greedy, out at $4.08 on the drop. What a crazy open!
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Old 03-21-2017, 10:17 AM   #563
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Re: 2017 Trading Thread

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I think there's an easy short across the whole weed sector in Canada right now. Yesterday's move probably just the start. For those who missed, the feds basically said they don't expect a speedy route to legalization. So you've got growers with obscene valuations who probably wind up sitting on more product than they can sell legally. Quite curious what they do with the tons extra they will surely find themselves carrying.
Easy short confirmed easy. I think if WEED loses 10 here it's going to get juicy.
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Old 03-21-2017, 10:28 AM   #564
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Re: 2017 Trading Thread

Aphria and MJN are both doing fine. OGI is potentially undervalued depending on its lawsuit. *shrug*. Good to know there may be a buying opportunity soon. Aphria confirmed they're jumping up to the TSX tomorrow so I imagine there'll be a retail bump like there was for WEED unless it's already priced in...

I hope the PULM guy here has been making something off the bounce?


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Sigh I don't know how I predicted USA.to and WYNN ...
Wynn popped back near 52w highs.

Last edited by DoctorZangief; 03-21-2017 at 10:53 AM.
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Old 03-21-2017, 10:31 AM   #565
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Re: 2017 Trading Thread

Pretty sharp reversal in under an hour. From .30% to -.30% for S&P.

I read that there hasn't been a day with a 1% loss in over 110 days and the last time that happened was in 2007.
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Old 03-21-2017, 11:19 AM   #566
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Re: 2017 Trading Thread

Good times. I call these days "myrna" days.
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Old 03-21-2017, 11:24 AM   #567
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Re: 2017 Trading Thread

What is the reason? Only thing I could comeup with was that Brexit is finally happening.

And I guess NK might attempt to end civilization as we know it.
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Old 03-21-2017, 11:25 AM   #568
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Re: 2017 Trading Thread

Can't see an obvious cause. There was talked of bond market moves earlier in the day.
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Old 03-21-2017, 11:42 AM   #569
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Re: 2017 Trading Thread

Enormous buy volume came in on SPY when it hit -1%. If this doesn't cause a sustained reversal we're in for a very ugly day.
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Old 03-21-2017, 11:45 AM   #570
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Re: 2017 Trading Thread

Woke up really excited, mainly because I raised more cash yesterday than I have in a couple years. Bring on the pain please, need to shake out some longs.
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Old 03-21-2017, 12:05 PM   #571
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Re: 2017 Trading Thread

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Enormous buy volume came in on SPY when it hit -1%. If this doesn't cause a sustained reversal we're in for a very ugly day.
Sustained reversal since this moment. Amazing what a huge buy order can do.
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Old 03-21-2017, 12:17 PM   #572
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Re: 2017 Trading Thread

Not really lol...
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Old 03-21-2017, 12:53 PM   #573
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Re: 2017 Trading Thread

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Easy short confirmed easy. I think if WEED loses 10 here it's going to get juicy.
hmm kind of a funny day to confirm short bias, dont you think (not that I dont think a lot of names are overvalued). and legalization ≠ legislation
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Old 03-21-2017, 12:54 PM   #574
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Re: 2017 Trading Thread

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What is the reason? Only thing I could comeup with was that Brexit is finally happening.

And I guess NK might attempt to end civilization as we know it.
spy lost 20sma on friday for first time in 2017, good signal for those spy puttttsss
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Old 03-21-2017, 01:14 PM   #575
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Re: 2017 Trading Thread

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hmm kind of a funny day to confirm short bias, dont you think (not that I dont think a lot of names are overvalued). and legalization ≠ legislation
5 straight down days going into today wasn't enough? Or the fact that a day like today was precisely what a lot of people figured would take bites out of the most overvalued plays out there?

There's a reason why I sold things like AMD and PIRS recently. As Tooth has said before, it's only going to take little red blips to cause mass profit taking and panic to the exits. Anything that has recently had a significant run was probably worth trimming.
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