Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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23:01 |
SPY, currently 738.18, will reach 751.52 and stall // QQQ, now 707.21, headed to 723.11 HP resistance. Sorry I didn’t notice this earlier, since the May 13 745 calls for 0.03 would have been a tempting buy. They more than quintupled as today wore on, leaving one to wonder what kind of homunculus would sell them. 5,549 of them traded, so someone did // Hey, just what I needed: another ES target, and its clarity makes me want to jilt the three I’ve already rhapsodized about. It lies at 7504.25 (or perhaps a tick lower) and looks like a slice of berry pie (MESM26 equivalent is 7498.25). Trust me, no one knows about either // Don’t forget about the succulent 4847.40 HP drum-rolled in the June Gold (GCM26) tout // SI equivalent 94.032 // CLM26 stealing up on 104.64, still a very important number (see tout) // Hold on a sec while I slit my wrists for not putting up a 62.04 bid today in GBTC. I was too busy salivating over the prospect of buying the little gasbag for 60.23 // AAPL still a juicy short at 296.84. Currently 294.88. Puts okay for this one (I like the 22 May 285 puts for 0.72, stop 0.59 // I like 400.56 for bottom-fishing MSFT, camo trigger required for tightest possible stop // GOOG pullback to 323.23, however unlikely, MUST be bought mechanically, stop 271.54 // TSLA may not be able to avoid 453.53 target furnished above, even though the stock is being a real douche these last two days about doing what it knows is right // |
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15:00 |
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15:35 |
Offering some May 12 QQQ 710 calls for 5.24 good till the close. Currently 4.69. Will lowering it penny-for-penny on slippage below 4.50. // 5:51 Filled at 5.24. Stop at 5.59. Target to cover some/most: 3.64. // 8:31 a.m. To cover, I have entered a stink bid at 1.80 ahead of the opening. This is a wild guess, even for someone who spent a dozen years in the trading pits setting opening bids and offers for hundreds of thousands of strikes and expirations. |
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23:05 |
NQM26: a pattern only a mother could love yields a promisingly obscure target at 29,856. Buy a pullback to 28,869, stop 28,540, if you know how to craft a ‘camo’ trigger. // 453.53 still ‘interesting’ in TSLA // AAPL a ‘mechanical’ buy at 291.31, stop 289.46 // MSFT a theoretical buy at 412.31, but beware of the cluster of clown lows from last Wednesday. The stock WILL get there, so don’t be scared to get long anywhere below that price [please note correction of earlier rickism, which had this advice backwards] // Gluggle rampage faces p2 resistance at 426.61; a screaming ‘mech’ buy on pullback to 323.23 (stop 271.53 // NVDA breakout above 217.47 would imply more upside over the near-term to 240.20; buy a pullback to 206.11, stop 194.73 // WMT still a ‘mech’ buy at 128.19, stop 125.90 // GBTC (Bitcoin) would become likable at 60.16, NFLX at 84.89 // SQQQ rally (TI) of 7.25 would signal a bullish reversal (i.e., a bearish reversal in the underlying) |
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09:53 |
TSLA high precisely at p2=424.76, a logical place for a stall. Unfulfilled rally targets in the lunatics is obviously resolving in bulls’ favor. MSFT’s weakness is Mr Market’s way of sodomizing sound logic. // Gluggle’s 0.16% gain may look feeble, but it is occurring above “impenetrable” resistance. // AAPL stock is flying. Did they perhaps add a fabulous new feature to the iPhone camera? // |
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15:34 |
CAR fans: the stock, currently 156.65, will become an enticing buy when it falls to 115.40. That is where it is going. // I will start liking PARR — tightly stopped — at 56.73. It is currently at 61.95. // QQQ pulback this afternoon may be the biggest we will see in our lifetime — something to tell our grandchildren about. Yeah, right, sour grapes — because the little p.o.s.’s low missed my niggardly 690.64 bid by a country mile. The top corresponds to a stall in ES at p2=7399.32 on the hourly that’s tied to D=7504.01 // Be VERY cautious when June Gold, currently 4716, hits 4847.40, which it will. That is a 24-carat Hidden Pivot resistance that not one clown or algo in five hundred could find, and that’s exactly why it will be usable // SIN26 equivalent is 94.032, although it is not a lock to be reached // TSLA: Just a reminder about where it is going: 452.31 // Anyone work out the do-it-yourselfer in Bitcoin (GBTC)? Hint: 62.88 would trigger a short first, stop 63.79 // MESM26, the micro contract with 1/10 x value, offers more clarity for shorting than ES, with an inarguable D target at 7498.25. It comes from a conventional pattern on the ’60’ that still manages to be somewhat gnarly. Nick, this one is approved for you and others, and you should risk no more than $110 (22 points) on the stop-loss. |