HALO, SIMO, JPNR, QCOR - Stock Charts - Harry Boxer

SPX channel

Keep an open mind with this market.  I'm watching this channel very closely and since we bounced off the lower end of it yesterday I wanted to show a couple possible outcomes from here. I'm going to keep this simple. 1177-1192 I think is worth taking a shot short. You can easily manage risk and we could break down to 1100ish or lower in the red scenario.  But we might not break so move your stop to break-even or take some profits if we show signs of reversing.  Good luck. 

http://seaofopportunity.blogspot.com/

 *Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!

 No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Methods of a Pro Stock Trader

BAC, C, & MS Lead Banking Stocks Lower

Slope of Hope Market Review

Tim from Slope of Hope posted a great review.  

Morning Note

August 3, 2011


Global growth worries and European peripheral debt contagion continue to weigh on investor sentiment after stocks fell for sixth straight days on continued concerns that the US recovery is faltering. Both Moody's and Fitch affirmed 'AAA' credit rating for the US while a Chinese credit-rating agency cut U.S. Treasuries from A+ to A with a negative outlook.

EU Commission to make statement later today on market situation

Italy's Prime Minister is scheduled to address parliament on the economy at 14:00UK time (9ET)

Swiss National Bank takes measures against strong Swiss franc. The SNB considers the Swiss franc to be massively overvalued at present. Current strength of the Swiss franc is threatening the development of the economy and increasing the downside risks to price stability in Switzerland. SNB will not tolerate a continual tightening of monetary conditions and is therefore taking measures against the strong Swiss franc.

A Better Way to Use Pivot Points to Improve Your Trading

Strategy for Finding the Best Stocks to Trade

I always find it interesting to hear how my competition trades... sounds like he mostly looks for jump base explode and drop base implode set ups after companies report earnings... 

What Does It Take to Be a Successful Trader?

Options Flow Recap June 22nd

Macro

EEM iShares MSCI Emerging Markets Indx: Buyer 5K Sep 39/44 put spreads for 1.00 vs 45.92, 20 delta

VIX saw 66% the normal volume with 318K calls and 127K puts traded.  Some larger trades in the pit:

·         Seller 20,000 Aug 25 calls at 1.525

Morning Note

June 22, 2011

Equity futures are trading below value ahead of today's FOMC's policy statement due at 12:30 ET, followed by Chairman Ben Bernanke's press conference at 14:15 ET. Chairman Bernanke is likely to reiterate his forecast for a rebound in H2 of the year, though may temper that forecast based on the soft economic data of late. Greek PM George Papandreou's new cabinet was approved in parliament by 155 votes to 143, with two abstentions. The Parliament will now be asked to approve €28B of cuts, tax rises, fiscal reforms and privatisation plans.

How To Use the Most Volatile Stocks List

I had a trader ask me how to use the "Most Volatile Stocks List" last week so I wanted to give an example of how I use it.  This might not work for everyone, risk management is key, experience is key, and I'm not giving investment advise.  This is purely educational.

The post: Volatility = Opportunity is posted everyday and screens for names that trade over 1MM shares of stock, over 5k options, and has an implied volatility (IV) over .6.  We post the top 20 because... well that's what we use.

Trade Ideas / Watch list

Click the company name to view the chart: 


LONGS: 


ABV Companhia de Bebidas das Americas (ADR) clean cup and handle buy new highs


AGYS Agilysys, Inc.  bull flag

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