Market: What will happen next few days?

Interesting that you would ask, because right now there is a coiled spring situation happening. A coiled spring is a bunch of potential energy coiling tight and rearing back much like a snake rearing back before it explodes forward to take a bite. Lets look at the chart for SPY: I like to look at the SPY chart if I really want to go a few degrees back behind the scenes that QQQ displays. It goes a bit further for me and lets me know what is really...

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Thats it for today, we got out of our QQQ DD Puts and our SPY DD puts.

More later including the state of the market. Why are things going sideways? Later tonight with the Tuesday Forecast. Tradinginsi...

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Exit SPY DD Options

SPY DD PUTS get out now min loss... We get out of our ddouble down with min damage. The markets didnt fly straight today, they flew sideways. Tradinginsi...

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if market continues to drop, we will exit SPY

Spy is currently at 2..44 and we are looking for the option to climb more. Quite frankly, I predicted down for today, but I thought it would be more of a rout. I needed the market to crash harder to get more value out of my SPY options. Check back 10 min before close to see what happens... Tradinginsi...

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From my experience...

In my 20 plus experience in looking at the market and its currently daily chart I would say that the market is going to be going down in the afternoon. It very rarely opens down, climbs back up and hangs under the line for a bit then jumps up above the line. I would expect things to turn lower in the afternoon as traders become pessimistic about the lack of gains earlier in the morning. Again, check back with me on the last 30 minutes of trading...

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Whats up with this kid?

So I am sitting here in the library this morning updating my site. "Mooooooo." I glance up, look around at a few of the other guys on laptops around me, we meet eyes for a second, then we all look back down at our computers. "Moooooo." What the fuck? There is this kid somewhere in the row of shelves who is making mooing noises. Now you would think the kids mom would grab his arm and say, stop that! But that doesnt appear to be happening. I remember in high school we had this geek teacher by the name of Mr. Barney Bliss. He had the temprement and...

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We hold SPY, AAPL

The market is walking sideways, which really sucks. Volitility is how I make my money and I dont like the old sideways shuffle. Because of this we got off our cubes at even money, but SPY and AAPL continues to hang out there unless we get a little action one side or another. I will watch this and update any development. Tradinginsi...

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exit QQQ even money no bounce DD PUT

We exit our bounce trade from friday even money via QQQ: I m going to take a look at SPY next. Tradinginsi...

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Good Morning

Checking the issues de jour now.... Tradinginsi...

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The asian Markets are down

Ok, looks like we are going to have a soft open today. The Asian markets are down on Chinas comments and our futures are down due to a comment by the Fed, so this is not shaking out to be a very good money. Fine with me, I have some puts hanging out there Id love to close. Come on back at around 1-2 hours in to see what I did with them. Tradinginsi...

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Have a Good Weekend

On Monday I expect the markets to drop a bit. The cubes have a reversal signal thats thrown. I think I am going to be focusing on Google, Apple, the QQQ and SPY (Etfs for the Nasdaq). Stay tuned this weekend for an update on the market. Now get on out there tonight and have a good time. Tradinginsi...

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LATE DAY TRADE QQQ DD puts SPY DD puts

The candle charts are showing a potential reversal to the downside on monday and I want in on that. We are going to buy puts doubling down (2 piles) on QQQ and SPY: Our ins: More on this later, trying to get this in before close, Tradinginsi...

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Hold SPY and AAPL wait for updates

Wait until later today until I see which way the market is going to go. Right now it is basically walking sideways with everyone watching. I dont expect a pull back up to where we were immediately. The S+P just displayed a "Death Cross" like Apple did a few days ago. That does not point to very good things and I think we are going to blow off more steam next week. I will update on Apple and Google later today. Tradinginsi...

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Exit QQQ calls for Profit

This morning we are going to exit our QQQ calls for profit now that the market has nudged up a bit. Below is our out: Notice that the last price is not what the bid and the ask is what the current price you would get is. The last price listed was 24 minutes ago. So we are out at 2.55. Our in was 1.80 yesterday (again the bid and the ask): That is 29% overnight. On to more options, Tradinginsider...

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Good Morning

Checking the markets now.... Tradinginsi...

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What will happen Friday and APPLE

I think we are going to have a chaotic day. Friday will be the day where it is decided if these recent gains are going to be locked in or not. While the charts that I posted earlier showed the cubes and SPY and AAPL at a stall, suddenly in the last 10-15 minutes of trading the stocks roared forward and the candles suddenly changed to bullish. AAPL: Now its a top hammer, which is lukewarm to good with a little bit of up in it. The cubes and SPY...

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Late Day Orders..QQQ SPY AAPL

Ok, here is how Im gonna lay these out.. 1) a at the money call for QQQ for tomorrow morning, I think things will gap up in the morning 2) a at the money put for AAPL as I think things will dive in the afternoon 3) an at the money put for SPY because spy is a harder customer than QQQ and I feel a dive afternoon. SO: Here is our late day call for the QQQ: And here is our late day put for SPY: And here is our late day put for AAPL: You can...

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Ok everyone...1/2 hour away....

The 3 charts are starting to show that tomorrow is going to be a down/chop day. Here are the three charts: QQQ SPY AAPL All three of these are showing a sudden weak candle as the market is losing steam late in the day. QQQ is flashing an upright top signal with todays candle. SPY and AAPL are flashing middling/down signals. Come back 1/2 hour before close for orders, or at least to see what I do. Tradinginsi...

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An advanced move

Here's what I think we are going to do. Based on what I am seeing the indicators doing and a bit of crowd psychology, I think that things are going to blow off a bit tomorrow. We've had a great run back part way up but I think that things are going to peter out a bit. Lets look at this QQQ chart: First, the QQQ: You can see that I have a few more indicators on this for more clarification. First of all, looking at today's candle, you can see that...

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Today we watch AAPL

AAPL is almost screaming at me to put a put on it: I am going to wait 2 hrs or so for confirmation, then go a head and purchase puts if the tombstone stays there on the chart. Keeping my eyes open, Tradinginsi...

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Exit SPY calls for profit- 24% overnight

This morning we exit our SPY calls for profit and below is our out: And below was our in yesterday: That adds up to a 24% overnight gain. Not too shabby. I will be looking around more today and also watching the Nasdaq to see if there is a jump in point. Tradinginsi...

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Good Morning, checking markets now....

Ill be right back..just checking the days action.... Tradinginsi...

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What is the Market going to do on Thurs?

The charts say that tomorrow is going to be an up day. Lets look at the QQQ charts: The candle is a nice little gap up showing strength, the candle is white, with a bottom tail, also indicating up. If you look at the candle before it, it was a red candle with no tails...indicating a drop day. So what happened, why did we have an up day instead? Because in the early morning China announced that they were going to flood the market with billions...

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Purchase SPY calls...

Saw something on the chart here right before close... This is a bottom hammer...and its been forming all day. Here is my in: She's a little pricey because the market has been going strong for the last 2 hrs. Thats all for today! Come back later this evening for a forecast on the markets tomorrow. Tradinginsi...

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Apple Death Cross happens today, Purchase Puts

Today we purchase puts for Apple. Look at this article: http://www.marketwatch.com/story/death-cross-appears-in-apples-stock-chart-2015-08-26 Each time there was a death cross the stock dropped. Now what is interesting here is the tail is about to wag the dog. Apple is a massive blue chip stock tied into the DOW and the market. Apple is about to take a dive. I think that just reinforces my notion that the market is going to also take a dive. Apple...

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The rest of the day

I am gonna sit tight for a few hours and see how this market shakes out and then in the last half hour of trading, I just might jump back in with more SPY and QQQ. As I predicted, the market opened higher in the morning and is now dropping as reality is setting in, regardless of Chinas late in the day currency injection. I think that when everything is weighed, we are still going to be looking for a bottom. But what I will be looking out for is both the techs and fundimentals. Come on back 1/2 hr before close to see what I do. Until then unless...

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Exit QQQ DD puts for profit

While we did not make what we did on SPY, we still made out. My out for today with the double down puts: And here is what we got in with: I am going to find the percentage gains for both of these and add to these posts.... Looking around now: next post on state of the market. Tradinginsi...

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EXIT SPY DD put for profit

This morning we made some money on the SPY DD (Double Down) Put. We exit at: We were in at: Looking around some more now.... Tradinginsi...

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Good Morning

Scanning the Markets now.... Tradinginsi...

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How will things go Wed?

I dont think its going to go well at all. I think we are going to find a new bottom in the upcoming two days. People came in, made a bit of a profit, then noticed that things did not REALLY go up, and holy shit, what does that mean, does the market have a paper foundation, and things are going to start to drop and I think China is going to have another problem overnight which is going to highlight the sick global economy. Lets look at the chart....

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QQQ DD puts

In looking at the techs and the entire situatation, I dont think that this drop is done yet, I am going to recommend QQQ puts double down (2 piles) and below is my in: I will update with a chart later. Just getting this out there before close. Tradinginsi...

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The techs say more of a drop coming- SPY puts

The technicals say more of a drop coming. So we are going to ride it. I am going to issue a double down of SPY and a double down of QQQ. I see two down days on the way with a lot of bitching and moaning and things along that nature. Below is our in: I am taking a look at QQQ puts right now...also will update this post with SPY chart in a minute.... Tradinginsi...

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I dont see too much more up

In looking at the technicals, I dont see much more up, I think the market is making like a groundhog and is sticking its head out of the hole and looking around to see whats what. Lets look at the chart for SPY: The williams %R does (the indicator right above) not have that much room to move up, the ratio between this indicators movement and the stocks position and movement shows there is not to much room to climb. The top indicator above the...

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So far, right on script

With the exception of the dip in the morning, stocks are back up. But not high enough to exit our SPY calls. We wait to see what shakes out. In the meantime, I am going to look at a detailed tech shot of the QQQ to see what is going to happen, be right back. Tradinginsi...

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How I think things will go Tuesday

I've been watching things. 1. Lots of media attention and story coverage telling people not to freak out and this isn't the big one. 2. Lots of volatility yesterday as the market pulled the equivalent of stumbling around a dark room with a blindfold on 3. I think that China is going to lay more things on us. Like a currency or banking problem in the next several days 4. I see that the Asian markets are recovering today, so that is going to take...

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We hold SPY

The market is turning down a bit...we will hold our SPY double down. I dont think this is going to be a quick jump back up. More analysis on this towards 4pm central after market close. I will have a post on the state of the market. Tradinginsi...

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GET OUT...exit QQQ calls same day profit

We are OUT of QQQ call option: Looking more...I will fill out this post in a bit, moving quick now Tradinginsi...

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Double Down on SPY

Today we do a risky move. We DOUBLE down (twice our usual amount, as in 2 piles of money out of our 15-20 piles) on SPY. I already showed you the bottom candle signal on QQQ, but here is SPY chart: And here is our in: That is all for today, we will have an update on the state of the market this evening on this site. Today was a foreshock of the big one coming next year. Tradinginsi...

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Purchase QQQ calls

Today we purchase QQQ 102.50's. Lets look at the chart: Yeah, a whole lot of panic. And look at that huge bottom candle. It tells me that its time to get in. Our in: I am also about to purchase SPY. I think its time for a double down with SPY...I will keep you up to date. Tradinginsider ...

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We may be purchasing some QQQ and SPY calls today. However we are in the middle of a huge panic. I will wait an hour or so to see if the ship somewhat stabilizes. Tradinginsi...

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OMG: Markets crashing

I have been watching the markets this morning and the 1000 pt Dow drop right at open and now sitting at -600. More to come as I see what is what... Tradinginsi...

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Are you Ready for Monday?

Big week last week with a new channel opening and the floor giving away below everyone in the market. In my previous post I had described how I expect the market to drop more on Monday and possibly Tuesday. To get an updated revised last minute forecast on this, 15 minutes before market open on Monday, check the futures for the Dow and Nasdaq. If they are way down, its almost certain we will have another bad day. Way up, then a good day. If just a bit down or a bit up, watch it there could be a reversal after the gap fade in the morning 1/2 hour...

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This is going to be worse than I thought...

There is a strong possibility that the market is going to continue to crater...and we have some QQQ calls out there. Thats fine, when I see the bottom via trading signal, I will simply double down on the QQQ and purchase a call on SPY and ride things back up. Lots of chicken littles out there think that this is it, and the QQQ weekly says that it is not. Again, thats coming in 2016. Why do I keep saying that the market is going to crash then? Lets...

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Its time to reach down....QQQ calls!

and get ahold of yourself. Think: does buying call options sound completely batshit to you today? Does even thinking about that set off that safety monkey screaming in your ear to stop, what are you doing/thinking about? Is there blood in the streets today? Well then, it just may be time to make the contrarian move of buying a call option on the QQQ. Lets look at the chart: Not lookin good. I see we broke the 200 day MA which is a big bear signal...

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update in progress

Going through stocks now... Tradinginsi...

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So whats happening here? Is the Market going to full on crash?

Short answer: No. Long Answer: The market is just channeling down blowing off steam. The big crash is going to come next year. Lets take a look at the charts: First we start with the QQQ daily chart: Oh man, that is NOT good. Thursday's candle touched the red line 200 moving day average and it dropped so severely that its almost breaking its own channel. Plus the candle is so severe (long with almost no tails) that it looks like things are just...

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Its Time to cut our losses and.....

Ive had a few trades that have been dogging me and its time to let them go. 2 for IMMU and 1 for GDP. The below are our outs: Well there you have it, we are out with our 3 option picks, each with basically 100% losses. I wonder what thats going to do to my record. Ever get a zero on a test and try to average that into your grade point average? Its like mixing in an atomic bomb in your pile of fireworks. So what went wrong? I know right off...

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Exit our QQQ Put option from yesterday

I was right on the direction of the market, and it paid off. We made over 100% on our QQQ Put from yesterday, and here is our out: Im not totally stoked because now I have to exit IMMU and GDP for big losses. Then I am going to have an indepth post later tonight on how I went wrong on each one of those two, and how to avoid that again.... Still looking around here, be right back... Tradinginsi...

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Update in Progress

Checking the issues....

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I feel the techs say more of a drop....

And that is why I am going to issue a put on the QQQ: The techs just look plain weak. Tomorrow things will be more clear. But for now, lets go to those charts. Lets look at a chart of the QQQ: The current candle is a middling candle and could go either way. However because its in a new downward channel, and because 3/4s of the time when you get this candle, things go down the next day, I rolled the bones and said down for Thurs. Trading...

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