08 Feb Weekly Notes for Feb 9th-14th, 2015
Follow me on Twitter @JeaYu21
Check for daily blog updates with charts and analysis of our trades every morning at http://www.undergroundtrader.wordpress.com
SPY managed to finally break through the 106.42 swing resistance to grind up to 107.24 new swing high before reversion back down through the gap fill area on Friday. This technically sets up a MSH (market structure high) trigger under 204.29 (204.48 is actually MSH trigger but taking stinky 5s and fibs into consideration). The daily 5 period ma sits at 204.50 and daily 50 period ma at 204.40 as stochastic stall on the 80 band. There are 2 possible scenarios from here: 1) A reversion back down to re-test the daily 5 period ma and fib clusters from 204.94-203.88 monthly 5 period ma, before bouncing back up with 60 minute stochastics to for a daily mini pup breakout above the 5pd ma. 3) Continue to grind back up when 60 minute stochastics get crossed back up since the daily 5period ma is still rising with stochastics to retest 207.24 swing highs for a break towards the daily upper bbs 208.61. 2) Trigger the daily MSH and proceed to cross down and breakthrough the various 204s bumper clusters to crack down through monthly 5 period ma 203.88 and 203.50 fib at 202.29 for a stochastics peak sell-off to 202.
<> 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.
TWTR Long – TWTR peaked near the 48.82 fib with 45.72 daily upper bbs.on earnings reaction. The 60 min is a make or break. Longs trigger above the 49.05 with a 48.29 trail stop for a move towards the 50.51 and 51.19 fibs.
YUM Long on Pullback – YUM trendline sits at 71.80s. Longs trigger on reversion back to the 72.15-71.85 range with a 72.30 trail stop for a coil back towards the 74.50-75.00 range and secondary target near the 76 trendline.
DUK Long/Short – DUK leaned hard on earnings Friday. The daily lower bbs sit at 82.78 with daily trendline support at the 82.50s on a daily mini inverse pup. Longs trigger at the 92.83-82.52 area with a - .53 trail stop or at the 81.90-81.70 daily lower bb area with same trail stop. Shorts trigger on bounces towards the 84.90-85.20 area with a - .78 trail stop above the daily 5 period ma. for a daily inverse pup breakdown to the 82.80 trendline.
Key Long/Short Bumper and Fibonacci levels:
LVS – 55.18 super fib
Earnings Reports This Week:
Mon: premarket: HAS, DO, :LGND, CYOU, SOHU, BWP, L, MCY, EXXI: postmarket: AMKR, MERU, NEWP, AMAG, RLD, TDW, COUP, GSM, CSC, RDUS, NTES
Earnings season continues forward this week as the weekly and monthly SPY lie in early make or breaks awaiting how the daily SPY will play out. The SPY attempted to break the symmetrical triangle on Friday and got pushed back down yet still above the upper trendline. The question is if the reinforcements from the bulls come charging in next week off the cluster of bumpers in the 204s for a mini pup or erosion takes out the supports to peak and cross down the daily stochastics for an oscillation move down. Allocate and pace accordingly! 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
*** Members who are having problems accessing the chatroom, Oracle put out a new java upgrade that may be blocking access to the chatroom for some users. If you have Java 8, please uninstall Java 8, reboot, then go to this link to install Java 1.7
https://java.com/en/download/manual_java7.jsp once installed, then go to JAVA, security panel and set to Medium and EDIT sites to add these 3 sites:
- Java 8 will not work with the chatroom, only 1.7 or earlier -
To fix this go to your Java 1.7 security panel and add to allowed sites the following:
-- --- -----
Email JeaYu21@gmail.com for any access issues asap---
Special One-On-One Live Training Mentorships Open Now for March 2015
UndergroundTrader.com is offering a special 4-day one-on-one mentorship training program with Jea Yu.
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 Trade?
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 ***
1. Expert Service
2. Customized commissions and Competitive price matching
3. Short Locates
4. Customer Communication
5. We offer a choice of direct access trading platforms
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!
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.
Please NOTE that swing trades are not part of a premium service at www.undergroundswingtrades.com. They will not be given in the Trading Pit chatroom moving forward. This service caters to those who want to reap the rewards of the tools without having to spend the time and energy to track market movements intra day. As a courtesy, one swing trade was given last week which was a sympathy trade to AKAM. This stock was LLNW at $4 for a breakout move with a $5-7 target level and more if AKAM happens to get acquired. AKAM cracked through $50, up over 25%. More to come, but ONLY through the new service which provide the analysis, the entry, multiple targets, stops and ALLOCATION emailed directly to subscribers as soon as they trigger. LLNW was closed out at $5.94 for a 50% gain! Nuff said!
-- 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
Here is a link for some more free articles and interview videos you might find useful http://www.undergroundtrader.com/freetradingmaterials/
You can take a free 4 day trial to the live trading chatroom http://www.undergroundtrader.com/freetrial/
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 self directed 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.
4) If you don't have the time or inclination to learn the methods and or sit in front of the computer every day monitoring setups, but want to take part in the gains, then consider http://www.undergroundswingtrades.com/. This service is a premium swing/portfolio trade service where all the filtering has been done and instructions are sent via email to consider for swing trades complete with analysis buy and sell limit prices and trail stops which are updated as market shifts. Call 1-888-233-1431 for details.
For options 2 and 3, just drop an email to email@example.com .For option 4, go to www.undergroundswingtrades.com for details on membership.
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!
"Trade Chart Patterns Like The Pros" book by Suri Duddella aimed at technical traders and analysts both novice and expert who rely on chart patterns in their market trading. This book provides "Traders perspective" covering 65 of most popular and unique chart patterns with over 225+ chart illustrations with specific trade entries/exits techniques and detailed targets/stops on 300+ pages. See Table of Contents, Reviews, Sample Book, Book video at http://www.suriNotes.com
If you wish to OPT OUT of the email list, please click here and fill out information
or email firstname.lastname@example.org