Late Day Trade GDOT

We are out of GDOT at 1.85. This allows us to close out the GDOT spread with overall profit. Note the bid and the ask, we exit in the middle of the bid and the ask. The 1.55 just so happens to be the last previous trade, the MM now have this listed at 1.75 to 2.00 spread. I was looking for an out with the call, and I am unsure how the market will be next week because things look like they are topping out. Also, I did not want to be in GDOT throught...

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GDOT beginning to move....

GDOT is beginning to climb. Our option is starting to come back, we wait and hold. Hopefully next week we sell. Tradinginsi...

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Exit FLTX call for Profit

Today we exit our FLTX call and the exit is below: And right here is what we got in at: which gives us a profit of 24%. More trades to come, Tradinginsi...

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IMMU set to blow to the upside

One of our picks that we are holding is showing a coiled spring formation: This is a very powerful signal that shows the stock is coiling up potential energy and will blow...in this case to the topside. We are going to purchase another call. Not a double down, but just another call. Right now this company is suffering from a phase 3 trial that showed no significant change and a downgrade after the stock price fell. Then a class action lawsuit...

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Update in Progress

Please hold for an update looking at the markets now.... Tradinginsi...

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Friday Forecast

Blue skies ahead for Friday. Lets take a look at the chart to see whats coming: Three white candles is a very big up sign. Especially one short between two tall candles that have tails. So thats the deal coming Friday...look for an up day. Tradinginsi...

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MKTO walking sideways...we have to sell

MKTO has been walking sideways and the erosion is eating our spread. We have to get out to preserve what money we have left in the options. Here is our outs: and now for our call: I would like to think that this is a valuable learning lesson on wealth preservation. Most people would just hold these until they expired worthless, winding up with 100% losses on both. As in this case, you have to know when to call it. I have held MKTO for several...

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Update in Progress

Taking a look at the market right now, stay tuned Tradinginsi...

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Thurs Forecast

I see a slightly slower up day, things stagnating a bit with a small climb up then kind of sideways as a top of a channel is tested. Not going to be a big action packed day...a bad jobs report the other day, China seems to have it together, Greece is fighting among themselves about the deal, and the Fed casually mentioned a rate increase in Sept. The market will be lukewarm and go up a bit then sideways. Nothing to write home about, just be aware that it wont be a big up day tomorrow. But then again, it wont be a down day, either. You know what?...

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We will be holding our positions

The positions we are currently in: GDOT: Looks as though it has caught up to its price jump and is forming a base. However, its earnings are due out Aug 4th, and that could be a problem due to the fact that its not expected to have a good earnings report. I am considering dumping this one. I purchased the option at 1.90, and is currently running around at 1.60. MKTO- Some good news today about its marketing efforts and its software, however the stock is only moving sideways since its earnings jump. Not good for a spread that I got hanging out...

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SPY on the other hand made us 20% overnight!

While our QQQ option was a dud, the SPY option that we also purchased earned us a bit over 20% overnight. I am going to exit it and take the money as the cubes are flashing a graveyard cross failure sustained climb signal. I will go into that in my next post. For now, here is the exit order for yesterdays SPY call. More later today, Tradinginsi...

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Exit yesterday QQQ calls

Yesterday we bought QQQ calls. They are only up a fraction, but I see something negative approaching, so after commissions, this comes out to about even. I will explain why in a post later today that combines the cubes and spy. For now, here is the out: We are out at 1.06 at the bid. Another post on the way, Tradinginsi...

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Update in Progress

Two things: 1. I wanted to see how this market shaked out today and 2. Now today in the afternoon, I will be examining the charts for any ops. Stand by... Tradinginsi...

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Wed. Market Forecast

Things are looking up for Wed. as the QQQ and SPY both flashed bottom signals and are showing a new channel upward. Lets take a look. As you can see in the chart above, the QQQ is showing reverse double hammers, which is a big bottom signal. To reaffirm things, we check SPY, another Nasdaq etf, and we also get a bottom signal: This has a candle with a solid white body with a long bottom tail, another good bottom signal. This was so clear we...

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New Pick: IMMU...Sell off too extreme

Was the sell off too extreme for IMMU? Yes. Is it a good time to get in with price targets at 7 dollars? Yes. Will this stock bounce back a bit with bargain hunters coming in like carpetbaggers in the south in the 1870s? Yes. Lets take a look at the chart: You can see that the current candle is white, long with a long bottom tail, signifying that this thing is going to come back up a bit at least part of the way. Now for the actual news: Was...

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Purchase QQQ and SPY calls

QQQ and Spy are flashing big bottom signals today. Lets take a look at the charts. First for QQQ: You can see that today there is a bottom double hammers signal which is a very strong indication that things are going to go north from here. It seems also that China has said that it will continue to back and prop the Chinese stock market. Their official state plan does not involve weakness or a crash, so that is taken care of much to the satisfaction...

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Update in Progress

Looks like today we are going to be purchasing SPY and QQQ calls as the market is flashing a double reverse bottom hammer. More to come, taking a look at this now, stay tuned. Tradinginsi...

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Tuesday market Forecast

With the uncertainties about China and how they will fully affect the US stock market, I expect the market to go sideways and chop a bit on Tuesday. If I had to tell you one way, up or down, I would say down, and here is why: As you can see there is no single bottom tail on todays candle, and the body is very small with a tail on top and bottom, like a top. The very price nature of this candle is displaying uncertainty. It is a slight gap down...

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Late Day Trade- FLTX

Before I go any further, hold off on QQQ and SPY. Still see some down action on them tomorrow, according to the charts. But one that is flashing a buy right now is FLTX. Lets look at the chart: As you can see there is a bottom candle with a long bottom tail at the current candle that is highlit yellow. This is a bottom signal. Here is the deal. This stock is going to report in about 2 weeks and it is starting the 2 week pre earnings climb because...

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MKTO: HOLD

MKTO is showing a double reversal hammer today and is looking like it is at the top of its peak. We will be holding this as the price is essentially the same as our entrance. Tradinginsi...

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SPY and QQQ showing potential entry points

We are going to be looking at QQQ and SPY for call option entry possibly later today in the afternoon after I see how today's candle has consolidated. They are both showing bottom tail candles in the bottom of their ranges. That would have me purchasing 3 things today: both of the above, plus a new stock I have been eyeballing by the name of FLTX. I will do a post on all three of these later in the day. Tradinginsi...

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Update in Progress

Checking the database now......

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NASDAQ forecast for Mon-Tues

Partly cloudy, lows around 109.50, then Tues or Wed, higher prices expected. Lets look at the chart: You can see where the channel is, and I inserted a box where I believe that the price will range in. As for Monday, unless there is good news or a good report, I expect things to slip a bit and chop, perhaps be a down day. By Wed-Thurs, things should be cycling upward again. Thats all for now, Tradinginsi...

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New Pick: MKTO

Today MKTO announced earnings and it beat the street with good 3rd quarter guidance. Therefore everyone piled on this stock today huge. Now, usually I stay away from stocks that just reported because the news overrides the technicals and if the stock had a really good earnings, people just keep buying it, driving the price yet higher. However, I think this is a good opportunity for a straddle. A 1:2 straddle. One half the amount you would usually...

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Exit CARA put option 100% overnight profit??

Today I exit that CARA put option. I get out at I got in yesterday at So that is an overnight profit of 100%. I'll buy that for a dollar. More to come today, but right now leaving for an appointment. Will be back this afternoon. Tradinginsi...

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So what about Friday? Here's what will happen

The Market is poised between mania and a drop. Lets look at the chart. I have to admit, these two candles next to each other out of a channel with two top tails isnt too common, which is why I didnt get more puts. I really want to see how this flies, if a suprize comes up. But as it is, I am going to predict down for Friday. Sideways to down. The only way I see a big jump up is if a few biggies have great earnings or some other world good new...

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Late Day Pick....CARA

Cara is a pharmaceutical company that just had a good stage 2 results. Lets check out the article: Positive mid stage trial results are sending Cara Therapeutics higher today. What: Shares in Cara Therapeutics  (NASDAQ:CARA)are surging higher by 30% today after the company reported that its lead product candidate CR845 met its primary endpoint in a mid stage trial. So what: Cara Therapeutics is developing CR845 as a...

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We are going to hold on to that GDP call...

Looks like GDP is still bouncing at the bottom and it just flashed yet a repeat bottom signal. We hold. Tradinginsi...

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Sell QQQ puts for profit

Today we exit out of our QQQ puts that we entered in on July 17th. We already doubled down on them as well and made a lot of money on the double down. Now we exit the originals for profit: And here was when we got in at this price: So you can see, we made some decent money on it. More to come today. Tradinginsi...

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QQQ Forecast for Thurs

In looking at the chart there is a bit of uncertainty due to the fact that there may or may not be a new channel forming. Lets look at the chart: Today's candle has a top tail which if at the top of a channel signals a coming drop. However, if this is a newly formed channel there could be a problem. Which is why today I dumped all my higher priced puts. I don't like to hold onto options. When I see a profit, I dump them and take the money, rather...

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What if you had a Time Machine for the Stock Market? Fun, thats what.

Every now and then I hear a story about a guy who got in a stock at the right time and it always makes me shake my head in wonder. I have this cool teacher at school that just so happened to sink a couple of g into amazon in 1997 who is now sitting on quite a bit of money. At the time people were telling him it was a stupid move and to take his money out while he still can. 3 years later people started to shut up about him taking his money out and...

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GDP showing bottom

The stock that I bought options on and then dogged is finally apparently at a bottom. Lets look at the chart: Today this stock is flashing reverse double hammers. I looked at the price of oil per barrel and it seems to also have hit a bottom as it hasnt dropped in 5 days and it looks like its holding at 50 dollars a barrel. Looking at the above chart, you can see that the RSI is climbing steadily, the dips are getting less and less in an upward...

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exit DBVT short at 42.80

DBVT suddenly started to show a candlestick today that said the stock is going to keep rising. Ive had enough of this one...the drop never happened and its consolidated and is about to start climbing again. B-Bye. We are out at 42.80 for a slight loss. Whatever. I just made over 50% in two days with my QQQ double down. More later, Tradinginsi...

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Exit QQQ double down puts for Profit $$

Today we also exit our QQQ double down calls for profit. A pretty nice sized profit. Below is our exit: And if you remember, this was our in: A decent profit of 58% since Monday. Not too shabby. Tradinginsi...

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Exit our original SPY put for even money

We also exit our of our original spy put for approx even money. We made the money in this one with the double down from the previous post...about 30%. Here we simply exit out of the earlier position to close it: Looking at further opps today, Tradinginsi...

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Exit SPY double down for Profit

Today we exit our SPY double down for profit. I am looking at the rest of my holdings..more to come. Tradinginsi...

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