22 Mar Weekly Notes for Mar 23rd – Mar 27th, 2015
Follow me on Twitter @JeaYu21 https://twitter.com/JeaYu2
Total Weekly Loss: - $111 (last week 3/18-3/20/2015)
Total Monthly Profit: + $7,331
Total Yearly Profit: + $16,059
SPY powered higher on the daily mini pup last week on the FOMC statement and dovish stance on interest rates. Daily 5 period ma sits at 109.38 and 15 period ma at 208.60 and 50 period ma at 206.58. The weekly chart is in a make or break with 5 and 15 period moving averages at 209.12 and 206.17, respectively.
SPY closed under daily market structure high trigger 210.59, which was responsible for the prior sell-off. Incidentally, the 60-minute chart formed a market structure high on the Friday close but the mis-tick to 208.52 screwed up the trigger. With the weekly make or break and daily mini pup grind, this will be an interesting week which will either hold the prior daily MSH trigger and slip or look to squeeze back up towards the 212.67 fib if the 211.31 trigger on the weekly 3 candle MSL trigger.
SPY fibs and key bumpers this week:
212.67 - fib
211.66 - daily doji
211.31 – weekly MSL trigger
210.59 - daily MSH trigger
209.74 - fib
209.21 – Super Fib
207.86 – fib
207.20 – daily MSL trigger
207.09 – weekly MSH trigger
206.65/206.17 – monthly 5pd and weekly 15 period ma
206.58 – daily 50 period ma
204.94 - fib
204.24 - fib
203.50 – fib
203.17 - daily lower Bollinger bands
The 210.59 to 211.31 is the immediate trigger ranges to watch this week on the SPY with 209.21 as the super fib.
<> Stocks to Watch <> : A lot of these are contingent on the SPY. If SPY forms daily mini inv pups, then SCRATCH the LONGS or cut down to shorter time frames. To be safe, make sure that the 60 min stochastics peaks out before taking short positions and short the RETEST FAILURES of the short area bumpers listed. DO NOT SHORT RIGHT INTO THE FIRST TEST if the 60 min is in a mini pup grind up. Get the 15/5 min to slip and 60 min to STALL at least on the stochastics and then position with a good 1 min stochs reversal down. Remember all stocks are anchored by the action of the SPY (or noodles) and contingent on the SPY movement unless there is a strong fade effect in place. * Don’t play breakout longs if the SPY is in a breakdown and vice versa *
*** Most stocks are mirroring the SPY intraday as well as daily. Therefore, track the SPY closely. Make note if your stocks are diverging or not as this could mean it’s a laggard that will ultimately revert to SPY or a fader that will magnify the move once the SPY reverses.
YHOO Long– YHOO has a super fib resistance at the 45.57 and gap fill at 45.85. with downside support on the daily 50 period ma at 44.98 and 5 period ma on 44.40. Longs trigger on a pullback to the daily 5 period ma 44.40s-44.60s for the daily mini pup to retest the 45.50s super fib, then 45.85 gap fill and upside at 46.75.
SBUX Reversion Short – SBUX triggers a daily MSH under 96.99 short trigger, with a -.76 trail stop, for a tightening to the daily 5 period ma at 96.20-95.80 range and secondary targets at the weekly 5pd ma near 94.
ABBV Long/Short – ABBV has had a very strong resistance at the 621-.60-62 range which rejected on Fiday again. The daily 50/5 period moving averages sit at 206.26 and 60.06. The close on Monday will determine if another market structure high triggers or daily mini pup attempts. If ABBV closes under Friday’s low then the daily MSL triggered for a tightening back to the weekly 5 period and daily 15 period ma supports at 59.16 and 58.47 respectively. Longs trigger off the Supports at 60.30s-60.05 for a bounce premise to scalp the resistance are 61.50s-62 range and secondary targets are 63.-65.
Key Long/Short Bumper and Fibonacci levels:
LVS – 61.50 fib, 55.18 super fib
SPY – 212.67, 209.74, 207.86, 204.90, 204.24, 203.50, 201.94, 198.62, 195.81, 191.05
FSLR – 51.74, 42.84 fibs
GPRO- 71.78, 63.54, 55.31, 43.50
BABA – 115.17, 111.09, 108.21, 103.24, 99.70, 98.21, 96.90. 94.70, 93.1591.61, 89.40, 88.10 – key fibs
YHOO- 53.85, 50.77, 47.68, 45.82, 44.59, 42.05, 41.01, 40.10, 38.57, 37.50, 36.42 – key fibs
AAPL- 131.45, 130.69, 129.44, 128.94, 127.71, 127.15, 126.64, 125.87, 125.41, 125.24, 124.89, 123.60 -key fibs.
FB- 80.60, 78.66, 77.57, 76.72, 7636, 75,.53, 7512, 74.78, 73.97, 72.78 – key fibs
TWTR- 51.19, 50.51, 48.82, 47.95, 47.63, 45.38 – key fibs
Econ Reports This Week
Mar 23 10:00 Existing Home Sales Feb
NA NA 4.82M
Mar 24 08:30 CPI Feb
NA NA -0.7%
Mar 24 08:30 Core CPI Feb
NA NA 0.2%
Mar 24 09:00 FHFA Housing Price Index Jan
NA NA 0.8%
Mar 24 10:00 New Home Sales Feb
NA NA 481K
Mar 25 07:00 MBA Mortgage Index 03/21
NA NA -3.9%
Mar 25 08:30 Durable Orders Feb
NA NA 2.8%
Mar 25 08:30 Durable Goods –ex transportation Feb
NA NA 0.0% 0.3%
Mar 25 10:30 Crude Inventories 03/21
NA NA 9.622M
Mar 26 08:30 Initial Claims 03/21
NA NA 291K
Mar 26 08:30 Continuing Claims 03/14
NA NA 2417K
Mar 26 10:30 Natural Gas Inventories 03/21
NA NA -45 bcf
Mar 27 08:30 GDP - Third Estimate Q4
NA NA 2.2%
Mar 27 08:30 GDP Deflator - Third Estimate Q4
NA NA 0.1
Mar 27 10:00 Michigan Sentiment - Final Mar
NA NA 91.
Earnings Reports This Week:
Mon: postmarket: APP, PRGN, PWRD, WG
Tues: premarket: HDS, HIS, GIII : postmarket: INGN, AMPH, CBK, SCS, HQY, SONC, TRQ
Wed: premarket: YGE, LDOS, FRAN, PAYX, LNN, APOL: postmarket: TCB, OTIV, PSUN, VRNT, FIVE, RHT, FUL
Thurs: premarket: MEA, DANG, FRED, MOV, SIG, LE, LULU, CAN, CAG, SCHL, WGO, CMC: postmarket: REED, SPKE, GME, RH, AIR, PRGS
Fri: premarket: BBRY, CCL, FINL
Month end window dressing can be expected especially on company guidance this week. Q1 earnings season kicks next month so manage well and spare the ammo so it can put to good use in the upcoming wet climate. Cya in the Pit – J
* Check for weekly and daily blog updates with charts and analysis of our trades every morning at http://www.undergroundtrader.wordpress.com
** Follow me on https://twitter.com/JeaYu21
Special One-On-One Live Training Mentorships Open Now for April/May 2015
UndergroundTrader.com is offering a special 4-day one-on-one mentorship-training program with Jea Yu.
These are highly intensive one-on-one training sessions that are customized to the individual suitable for beginners to experienced traders. The mentorship is regularly priced at $5,000 USD for 4 days. For a very limited time while spots last, this fee will be discounted by 20% to $4000 USD for 4 days (Sunday-Wednesday).
Jea will share some of his most vital private techniques like: fish hooks, viper, swam, peck, and slingshots in addition to the application of the methods outlines in his best selling books.
As a student, the training doesn’t end with the sessions. Students will also be given 6 month access to the UndergroundTrader live chatroom ($1500 value) and access to Jea for follow up personal training calls.
Students will interact with Jea as he molds the best trading techniques to effectively generate consistent income flow from the markets. They will sit next to Jea as he prepares his morning routine to filter/scan for prospects and devise the gameplan going into the day. They will see how Jea paces himself and like a cheetah will explode at prime opportunities as he leads his members through the twists and turns of the markets. Students will get a first hand insight into how a professional trader earns his living as Jea will train and refine individual skill sets to mold students back into the evolution state from stagnant or erosion states.
Speed up your learning curve dramatically with this special opportunity to learn firsthand for Jea. Customized programs available as well.
Spots are extremely limited. Email firstname.lastname@example.org to for available dates
** For an explanation on mini pups check here http://www.youtube.com/watch?v=TEsN2a-msBw&feature=related
*** Jea’s latest book “Way of the Trade: Tactical Applications of Underground Trading Methods for Traders and Investors” has finally released by Bloomberg Press and John Wiley. Order through Amazon.com while supplies last: http://www.amazon.com/gp/product/1118590686/ref=s9_simh_gw_p14_d0_i2?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=0YK4YDZSGDAS7D2H45Z2&pf_rd_t=101&pf_rd_p=1630083502&pf_rd_i=507846
or directly from the bookstore here http://www.invest-store.com/cgi-bin/undergroundtrader-bin/redir.cgi?moreinfo.cgi?item=19033306
No Time to rade?
Looking for a Managed Account with Full Transparency that utilizes intra-day strategies?
Innovatum Capital Partners, LLC, operates several intra-day and trading strategies, including an automated strategy that incorporates proprietary algorithms that maximize gains while minimizing risks. The DAM (Daily Automated Momentum) strategy has been generating 2-4% monthly with a 2.5 Sharpe ratio implementing a long/short intra-day trending/hedging strategy with no overnights. Interactive Brokers customers have full transparency to see the trades in their accounts. Their ‘Volatility Pairs’ strategy has generated 7.8% in February 2014. For more information in participating in these strategies, please contact Kevin Carias at email@example.com or call (949)-690-2256. Innovatum Capital Partners, LLC, is a licensed registered investment advisor and member of FINRA.
*** Top 5 Reasons to Move Your Trading Account to Cobra Trading ***
- Expert Service
We cater to professional traders that require the highest level of understanding and communication from our brokers. We've listened to our traders needs for 10 years and can provide answers, not canned responses.2. Customized commissions and Competitive price matching
Want to move your account to Cobra Trading, but have a better offer with one of our competitors? We can help you analyze your true costs and work out a customized commission schedule that will convince you to make the switch.3. Short Locates
We work with our clearing firm and third-party sources to find the hard to borrow securities your broker may not make available for shorting. We have a 5,000+ symbol short list and a dedicated short team to find additional borrows.
4. Customer Communication
We interact with our clients via email, instant messenger, live chat, and phone to provide support with trading and account management. We understand that every second counts when you need to reach us.
5. We offer a choice of direct access trading platforms
Don't settle for an online platform that may not execute your trade in your best interests. We offer platforms from RealTick, RediPlus and Interactive Brokers.
At Cobra Trading, we're by your side every step of the way, from account opening, to deposit of funds, to trading assistance and account management. Contact us for an account application or to answer any questions you may have via our live support feature at www.cobratrading.com or by email at firstname.lastname@example.org.
Cobratrading.com is the recommended intra-day trading broker at UndergroundTrader.com. They are fast, reliable and provide the best charting complete with a ‘customized’ pre-formatted UndergroundTrader template for the CobraIQ platform and the NEW super 4 monitor layout. This platform was instrumental in the development of the rifle charts complete with pre/post market data to track perfect storm patterns. Contact Cobratrading.com at 1-877-79-COBRA and mention UNDERGROUNDTRADER to get a FREE DEMO of the CobraIQ platform. Ask for the UndergroundTrader Pre-formatted template that has all the charts and indicator set-up for you! For swing traders and less active investors, consider VenomTrading.com a division of Cobratrading.com, for $5 trades with no software fees!
Attn: Interactive Brokers users
** The UndergroundTrader custom template chart layout is now available for IB users who link Cobra Trading, Inc. Follow directions below.
Cobratrading.com now provides customer support for Interactive Broker customers. Experience what direct and efficient customer service means by linking to Cobratrading in your account management tab, then go to “link to Broker” and type in IB account number I631866. The title needs to be exactly as follows: Cobra Trading, Inc.
Contact Cobratrading.com at 1-877-79COBRA for any IB customer service issues moving forward. It’s that simple! As a bonus receive a free 1-week live demo to the CobraIQ platform.
CobraTrading.com is an introduction broker to IB. You will have access to Cobra customer service and support, nothing else changes with your existing IB account, same login, account number, access to IB, just a discounted rate for this promotion.
-- Special Announcement ---
It can be confusing as to what steps to take to further proceed with learning the methods at UndergroundTrader.com. I have outlined the options for you to proceed based on time, costs, experience and desire to learn.
If you purchased my book Way of the Trade, Trading Full Circle and DVD Short Tern Profit Hunter http://www.invest-store.com/undergroundtrader/item.php?8006857
It’s a good idea to read through and get the concept of mini pups down. The methods all revolve around that simple pattern set up on the stochastics.
Here is a link for some more free articles and interview videos you might find useful http://www.undergroundtrader.com/freetradingmaterials/
You can take the free 4 day trial to the live trading chatroom http://www.undergroundtrader.com/freetrial/
This will allow you to see real time alerts and analysis by Jea Yu every trading day. The methods take life in real time as alerts are called with instructions for exits. This trial version allows you to see and read the chatroom and daily logs. You won’t have access to speak or the training library.
If you like the style of trading and the results, then you can opt to move onto the next level of commitment. This is where you have to decide how much time, costs and effort you want to put into this.
1) You can apply for Full Membership which is $250/month. This gives full access and speaking privileges in the chatroom, which allows for real time text interaction with Jea and the other traders. Jea will answer any questions and everything is logged. You also get access to our trader training section which is a self-directed link to over 3,000 pages of online seminars, presentations, chalkboards and chart set-ups in addition to over 7 years of archived logs. The selfdirected trader will have all the material they need to grasp the methods in this section. https://www.undergroundtrader.com/upgrades/
2) You can opt for a Yearly Prepaid Package for $1,900/one time fee. This includes 12 months of the monthly full membership chatroom ($3,000 value) and also includes 6 one-hour phone consultations with Jea Yu (regularly $300/hr = $1800 value) to assess your training and progress. Jea will personally assess your style and walk through the methods with you. He will provide a training plan and monitor your progress. This is for those committed traders that need a kick-start and monitoring. The phone consults can shed weeks to months off the learning curve.
3) Mentorship Training http://www.undergroundtrader.com/mentorship/ . This is the highest level training available as you will train one on one with Jea Yu in his office in Maryland. All the research routines, set ups, preparation and trade management will be taught specifically calibrated to the trainees skill level. This include 90 days of chatroom access as well as 8 weekly phone consults to monitor progress and full phone access to Jea during the market trading day. This costs $5,000/prepaid at least 30 days ahead of training. The mentorship training is the highest level of immersion to accelerate your learning. Beginners to advanced traders can opt for this, as it will literally shed a year off your learning curve. These are limited sessions and scheduling ahead of time is crucial.
Drop an email to email@example.com. .
Also, I have switched all charting over to CobraIQ platform utilizing the 1,5,15,60,daily,weekly,monthly full pre/post market data feed. This is the best way to go and takes advantage of the full SCOPE of data available. All the data has been re-templated onto a single screen! www.cobratrading.com has the template available for UndergroundTrader.com members, ask Brandon or Chad about attaining them, or opening up an account to receive them!