15 FB QQQ SPY trending higher while VIX is at 52 week lows. QQQ SPY trending higher while VIX is at 52 week lows. Earnings not until the end of the month but Fed Beige book release on could cause volatitilty. Earnings not until the end of the month but Fed Beige book release on could cause volatitilty. Entering a possible supply zone after a strong uptrend move. Entering a possible supply zone after a strong uptrend move. BUY THE RUMOR AND SELL THE NEWS BUY THE RUMOR AND SELL THE NEWS %SHORT
FB 1. BEFORE THE TRADE WAS EXECUTED 2. TRADE AT THE ENTRY OF THE POSITION 3. TAPE DURING THE OPEN POSITION 4. TAPE AT THE EXIT OF THE POSITION 5. TAPE AFTER THE POSITION WAS CLOSED
1 FB 1. BEFORE THE TRADE WAS EXECUTED
1 QQQ THOUGHTS: Even though the market is trending higher, extended stocks can still pullback Or start selling off before the market turns lower. However, you are going against the general Tide if you short an uptrending market so a tight stop loss needs to be in place.
1 SPY THOUGHTS:
1 VIX THOUGHTS:
1 FB THOUGHTS: After a nice run up since mid-November (15 day run into December consolidation) And then another move higher for first two weeks of January 2013 (11 days), the trend seemed extended, going from around 17 to 32 in less than two months.
1 FB THOUGHTS: This was the announcement later in the trading day.
1 FB THOUGHTS:
1 FB 2. TRADE AT THE ENTRY OF THE POSITION STOP LOSS TARGET EXIT
1 FB THOUGHTS: Market was trading sideways.
1 FB THOUGHTS: The view on the HTC Trading by phone. The trade worked right away. A price was executed with a market order indicating a lot of buyers pushing the bid higher.
1 FB THOUGHTS: The view on the HTC Trading by phone. The trade worked right away. A price was executed with a market order indicating a lot of buyers pushing the bid higher.
1 FB 3. TAPE DURING THE OPEN POSITION
1 FB THOUGHTS: Markets close the day higher even though FB sold off.
1 FB THOUGHTS: Markets close the day higher even though FB sold off.
1 FB THOUGHTS: QQQ SPY after hours.
1 FB THOUGHTS: SPY holding above 10 dMA, trending higher.
1 FB THOUGHTS: The trade continued its downward movement twenty to thirty minutes later as the news conference continued.
1 FB THOUGHTS: Other tape action and after hours movement.
1 FB THOUGHTS: The short trade worked from the start today and continued To work into the close and after hours.
1 FB THOUGHTS:
1 FB THOUGHTS:31.50 to 32 was the supply or cover short zone.
1 FB THOUGHTS: FB was pulling back to the 10 dMA and held around 30. I expect it to Go to demand zone and hit 20 dMA as well near by
1 FB THOUGHTS: Pre-market movement on the second day.
1 FB THOUGHTS:FB was moving higher in pre-market trading but couldn’t budge past 30.43, which Proved to hold as hours opened.
1 FB 4. TAPE AT THE EXIT OF THE POSITION
1 FB THOUGHTS: With markets trending higher into the Fed Beige Book announcement and FB hitting 5% gains in less than 24 hours, it was time to exit to avoid the most likely bounce back as the markets drifted higher. To get to could take another 2-5 days, so with the current market trending higher, position was exited.
1 FB THOUGHTS: GOOG mobile viewpoint.
1 FB 5. TAPE AFTER THE POSITION WAS CLOSED
1 FB THOUGHTS: S&P500 is getting ready to make 5 year highs so get out.
1 FB THOUGHTS:
1 FB THOUGHTS:
1 FB THOUGHTS:
1 FB THOUGHTS:
1 FB THOUGHTS: Intraday, I left right near the day’s low.
1 FB THOUGHTS: After a three day sell-off, expect a bounce back?
1 FB THOUGHTS:
1 FB THOUGHTS:
1 FB THOUGHTS: More FB charts will come tomorrow, next week and 1 month from now along with market charts to determine if the entry and exit points were well chosen.