[Teddi Knight]

closed my DAL puts expiring today for .02 just in case:)

[Teddi Knight]

or they could be hedging a long position. I have fond some of those large options orders are nothing more than hedging by big funds.

[Teddi Knight]

Stopped out at 143.06 at 2:17PM. No gain/loss.

[Teddi Knight]

BTO 300 UDOW at 143.05 at 2:03PM. Looks like its finally going to bounce. Stop = 0.25

[Teddi Knight]

Gotcha. Thanks for the reply.

[Teddi Knight]

A lot of puts sold for the Jun $57.50 puts for June 19 expiry. Volume of 959 puts is way above normal for this stock. Some investors are obviouosly bearish.

[Teddi Knight]

Yes. It was just a spec trade which I did not mean to post. No one should follow the UDOW trade. I just felt personally the market would bounce up to 150 down. Probably still will this afternoon. I have been adding to the UDOW a couple of times this morning but I would not recommend it to anyone. You have to be fully active for what I am doing with UDOW. As I say, I did not mean to post it.

[Teddi Knight]

So basically, your trade in the SDOW is what reflects your thinking on the market trend and the UDOW trade is just a very short term trade?

Tom

[Teddi Knight]

I”m short 5 x 3/20 82.5s which was from a roll previously from 87.5/ 85.
I added 3 x 3/20 82s today.
May wind up rolling again, but I agree support is 82 or thereabouts btw Aug and Oct.

[Teddi Knight]

Please see my comments further into this topic. I bought SDOW for the Market Direction Portfolio.

[Teddi Knight]

Sorry about the mistake on the UDOW / SDOW trade this morning at 11:27. I bought for a personal trade which will NOT be included in the market direction portfolio, 500 shares of UDOW at the same time as the SDOW. I paid $144.41. This is purely a personal trade. I really feel that the Dow down 200 points is way over-reacting to the jobs numbers and we will get a bounce. I wanted to take advantage of that bounce so I bought 500 shares of UDOW. This does not follow the market direction portfolio trade in any way. It is, as I say just a hunch which I think is a pretty good one that we will rally for possibly 50 points back up in the DOW. Just as I did yesterday in the TQQQ trade I am simply trading the UDOW for a rebound rally and then I will get out of the trade. Perhaps I will end up with a little spending money for the weekend.

[Teddi Knight]

I still think we will see a bounce this morning in the Dow. I had the UDOW up when I gave the amount. Hard to trade, answer emails and post at the same time. I get tons of emails. I would expect a strong bounce back into lunch hour and I will pick up more SDOW at that point.

[Teddi Knight]

I tried it yesterday, but the Delta crash didn’t help. Now today, who knows?

[Teddi Knight]

Hi Walt
I don’t have TOS. I use eSignal charting and I’m just starting to learn how to do backtesting with it. If I make any progress I’ll try your scenario as a guinea pig and post the results here. Might take a while, don’t hold your breath! :)

Cheers,
Kevin

[Teddi Knight]

That was a typo I was also stopped out at 112.15

[Teddi Knight]

Teddi, I saw your “Signals To Trade By” article. Can you comment on how this compares/contrasts with the Trading For Pennies strategy? If I recall, the TFP strategy uses the stochastic and the 5/10 EMAs. This new one uses the Momentum, Ultimate Oscillator, and Rate of Change.

Thanks,
Kevin

[Teddi Knight]

I am out at 112.51 at 12:01:02. Thanks Teddi.

[Teddi Knight]

I bought 300 TQQQ at 111.75 at 11:19:39, using 0.25 stop.

[Teddi Knight]

Teddi,

Thanks very much for the clarification.

Jack

[Teddi Knight]

great answers. Thanks!

[Teddi Knight]

I missed this SPY put exit as well, thought it was a longer term trade. Now sitting under water, probably will just cut my losses.

[Teddi Knight]

Dunkin’ Brands (DNKN) stock is higher this morning after Goldman upgraded the company to ‘buy’ from ‘neutral.’

[Teddi Knight]

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[Teddi Knight]

Teddi,

Am I misunderstanding, or are there mixed signals out there? Selling IWM puts is usually a sign of a small pullback at best. Yet, if we are in an aging bull, and you are seeing signs of 2007, and say “what these patterns keep suggesting is investors are not bringing new money into trades” doesn’t that indicate more bearishness or are we just waiting to see how the market holds these levels?

[Teddi Knight]

Hi Jack,

My pleasure. I do LOVE technical analysis :-)

FWIW: I start all my analysis by looking back at the monthly chart as I found this the best way to locate key S/R levels and, thus, detect potential reaction / breakout zones.

For example, the AMAT daily chart show price reacting around $25. The monthly chart though shows how key this S/R region is.

Cheers,
Mary

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