#The10kDayTrade – so many possibles to put in play…

MARKET TREND:
Long-term Breadth: Positive.
Short-term Breadth: Neutral.
Price: Positive.
Volatility: Neutral.

All possible trades are $10k longs on the open:

Bellwether stocks: AAPL, FSLR, NVDA, FB, AMZN, NFLX.

3x-leverage ETFs: TQQQ, XIV, TNA, UPRO, LABU, SOXL, NUGT, JNUG.

The options list: SPY calls, QQQ calls.

NOTE: Market rally is overextended so stop are vitally important. This is the 41st day of rising long-term breadth. Hard to believe how bullish it is in price. So many possibilities to put $10k in play. One wonders if there are too many now? The stocks and being nimble with options are likely the better play.

#The10kDayTrade UPDATED – $BID, $NFLX, $FSLR, $SPY calls in play

MARKET TREND:
Long-term Breadth: Positive.
Short-term Breadth: Neutral.
Price: Positive.
Volatility: Neutral.

All possible trades are $10k longs on the open:

Bellwether stocks: BID, NFLX, FSLR.

UPDATE: BID loss $57; NFLX gain $437; FSLR gain $28; for a total gain of $408.

3x-leverage ETFs: XIV, TQQQ, LABU, SOXL.

UPDATE: XIV gain $252; TQQQ loss $640; LABU loss $41; SOXL loss $88; for a total loss of $117.

The options list: SPY calls, QQQ calls.

UPDATE: SPY weekly 252 call gain $7,900. SPY monthly 252 call gain $3,900.

NOTE: Market rally is overextended with SPY up now seven days in a row and most index ETFs overbought. Once again this is a difficult day-trading market that could pull-back any moment but hasn’t yet on the close. The stocks and being nimble with options are likely the better play.

#The10kDayTrade Update – $SPY ITM call nets $2595 for the day

MARKET TREND:
Long-term Breadth: Positive.
Short-term Breadth: Neutral.
Price: Positive.
Volatility: Neutral.

All possible trades are $10k longs on the open:

Bellwether stocks: TSLA, NFLX, FSLR.

UPDATE: TSLA plus $105; NFLX plus $166; FSLR plus $166. For a total gain of $437.

3x-leverage ETFs: SOXL, FAS, NUGT.

UPDATE: TNA loss $21; NUGT loss #39; FAS loss $10; SOXL loss $19. For a total loss of $89.

The options list: SPY calls, IWM calls.

UPDATE: The SPY in-the-money (ITM) 252 Call for this Friday’s expiration netted $2,595 for the day, two trades. NOTE: The first $10,000 buy (82 contracts) was stopped out below its open for a loss of $164. The second $10,000 buy (89 contracts) netted $2,759.

NOTE: Market rally is overextended with SPY up six days in a row and most index ETFs overbought (TNA up 8 consecutive days). Once again this is a difficult day-trading market that could pull-back any moment but hasn’t yet on the close. The stocks are likely the better play.

#The10kDayTrade – SBGL current up $600 margined


MARKET TREND:
DAY: Positive.
SWING: Positive.
RALLY: Positive.

SBGL – divergences don’t matter until they do part II

SBGL was a buy on the open today. Currently up $306 for the day on a $10k buy, $600 on a $10k buy margined , exclusive of slippage and commissions.

(click on the chart for a larger view)

#The10kDayTrade UPDATED – Stocks, ETFs, options in play

MARKET TREND:
DAY: Positive.
SWING: Positive.
RALLY: Positive.

All possible trades are $10k longs on the open:

Bellwether stocks: BID, FSLR.

UPDATE: BID gained $130 for the day; FSLR lost $123.

3x-leverage ETFs: TNA, SOXL, FAS, ERX, LABU.

UPDATE; TNA stopped for a $42 loss, SOXL for a $36 loss, FAS for a $25 loss, ERX for a $42 loss, LABU for a $74 loss for a total loss of $219.

The options list: SPY, IWM calls.

Note: Market rally is overextended with SPY up five days in a row and most index ETFs overbought.

UPDATE: Initial profit taking in the overextended market stopped all except BID but should be noted all except of LABU and ERX, all of the above ended up in profits on the close (very bullish). Probably should have introduced these day trades in an oversold/neutral market instead of an overextended/overbought general market.

#The10kDayTrade on $EPZM nets $420 for the day

MARKET TREND:
DAY: Positive.
SWING: Positive.
RALLY: Positive.

EPZM, in the biotech sector, was a buy on the third 5-minute bar today (see chart below), based on being above its open and above the rising fast moving average with the market trends all positive.

Show me the money:

The net gain for the $10k trade in EPZM was $420 for the day, exclusive of slippage and commissions.

(click on the chart for a larger view)

Trading System:

This is “show me the money” system when only trading a $10K account.

Stocks are selected the night before and bought at the market on the next day’s open. They are monitored on a 5-minute chart (see below) with a stop-loss on any close below the day’s open after the first five minutes. If a stock does not stop out right away, it will immediately be in profits. If the ETF or stock or option does not violate its open any time during the day the profits can be taken on the close to end of market day. That is the basic trade.

An alternative trade is to buy after the market open in the direction of the market trends whenever any ETF, stock, option is above its open, and manage it the same as above. The market trends are for the three time frames based on market timing – a Day, a Swing and a Rally trend for the longer term.

Profits can be taken at any time when the ETF, stock, option is overbought, or when it breaks down through a fast falling moving average. And as a day trade the trade ends on the close no matter what.

This blog is for entertainment purposes and nothing else. It is not to be in any way considered trading or investment advice.

#The10kDayTrade on $WTW (Weight Watchers)…

This is a system to “show me the money” when only trading a $10K account.

Stocks are selected the night before and bought at the market on the next day’s open. They are monitored on a 5-minute chart (see below) with a stop-loss on any close below the day’s open after the first five minutes. If a stock does not stop out right away, it will immediately be in profits. If the ETF or stock or option does not violate its open any time during the day the profits can be taken on the close to end of market day. That is the basic trade.

An alternative trade is to buy after the market open in the direction of the market trends whenever any ETF, stock, option is above its open, and manage it the same as above. The market trends are for the three time frames based on market timing – a Day, a Swing and a Rally trend for the longer term.

Profits can be taken at any time when the ETF, stock, option is overbought, or when it breaks down through a fast falling moving average. And as a day trade the trade ends on the close no matter what.

MARKET TREND:
DAY: Positive.
SWING: Positive.
RALLY: Positive.

WTW was a buy on the second 5-minute bar today, based on being above its open and above the rising fast moving average with the market trends all positive.

Show me the money:

The net gain for the $10k trade in WTW was $461 for the day exclusive of slippage and commissions.

(click on the chart for a larger view)

#The10kDayTrade on ETFs, stocks, options…

This is a system to “show me the money” when only trading a $10K account.

Stocks are selected the night before and bought at the market on the next day’s open. They are monitored on a 5-minute chart (see below) with a stop-loss on any close below the day’s open after the first five minutes. If a stock does not stop out right away, it will immediately be in profits. If the ETF or stock or option does not violate its open any time during the day the profits can be taken on the close to end of market day. That is the basic trade.

An alternative trade is to buy after the market open in the direction of the market trends whenever any ETF, stock, option is above its open, and manage it the same as above. The market trends are for the three time frames based on market timing – a Day, a Swing and a Rally trend for the longer term.

Profits can be taken at any time when the ETF, stock, option is overbought, or when it breaks down through a fast falling moving average. And as a day trade the trade ends on the close no matter what.

MARKET TREND:
DAY: Positive.
SWING: Positive.
RALLY: Positive.

Let’s take a look at TNA as an example from today, the 3x-leveraged ETF for the Russell index. It was a buy on the open based on criteria at its previous day’s close. That criteria was that all market trends were positive and the ETF itself closed the previous day above its open and above the rising fast moving average.

Show me the money:

The net gain for the $10k trade in TNA today was $337 exclusive of slippage and commissions.

(click on the chart for a larger view)

Remember this blog is a journal of my own stock market thinking and is presented here for entertainment and educational purposes and for absolutely nothing else. It should not be construed in any way as market trading or investment advice.