Weekly Notes for Mar 2nd-6th, 2015

02 Mar Weekly Notes for Mar 2nd-6th, 2015

Posted at 00:33h in Blog, Performance by AVP
0 Likes

 

Hi Gang,

            Follow me on Twitter @JeaYu21

https://twitter.com/JeaYu21

SPY peaked last week at 212.24, formed a daily doji at 211.66 and a daily market structure high trigger under 210.59. Interestingly, the bulls were able to close the SPY at 210.66, just above the MSH sell trigger at 210.59. The daily stochastics finally peaked and crossed down from that 98 band with the 5 period moving average at 211.34 which becomes the main bumper to watch as it is the protector if the daily mini inverse pup and a good area to consider shorts. A rejection or fall back under that daily 5 period ma galvanized the daily mini inverse pup which then points to a tightening to the daily 15 period ma bumper at 209.34 area. The daily stochastics will test the 80 band on that move and attempt a coil/tightening back up to the daily 5 period ma again, unless they completely crack the SPY to the weekly 5 period ma bumper at 207.40 area to stall out the weekly stochastic. Keep in mind there are two very strong fibs at 209.74 and 207.86 to be aware of should the SPY get follow through on the daily mini inverse pup.

SPYALY03012015

Here are the key areas on the SPY to watch this week:

212.67 - fib

211.66 - daily doji

210.59 - daily MSH trigger

209.74 - fib

209.35 - daily 15pd ma

207.86 - fib

207.40 - weekly 5pd ma

Ultimately it will come down to how the weekly stochastic stall resolves, either a mini pup as it bounces off the 5 period moving average or a cross down if it slips to test the 15 period ma at 206.05 area. We have the playing field laid out, it’s just matter of seeing how the pinball plays off the bumpers.

<> 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.

INTC Short - INTC formed a perfect storm breakdown on Friday when it slipped under the weekly 5 period ma at 33.67 which was just below the high. Shorts trigger on any coils back to 33.50-33.80 area or a break through 33.18 with targets at the daily lower bbs at 32.70s-32.40s,

SBUX Short – SBUX formed a daily mini inverse pup under the daily 5 period ma at 93.86 on a weekly doji as monthly mini pup above upper bbs at 93.03. Shorts trigger at 93.80-94.10 area or a break of the 93.30 area for a channel tightening to the daily 15 period ma at 92.40s-92.30s with secondary targets are weekly 5 period ma at 91.30s-91.00 if the daily 15pd ma breaks.   Use a -..76 trail stop.

GIS Long – This was featured on last week’s report as a long as it closed at the week’s high. The monthly chart has a pup and mini pup with 52.86 as 5 period ma support. The weekly is still in a make or break and hasn’t yet trigger the stochastic cross to form a pup, which means it can still mini inverse pup if daily peaks out.   Longs trigger on pullbacks to the 53.25-53.00 area for a move to the daily upper bbs at 54.15-54.40 area, then 55.40-55.60 area.

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 02 08:30 Personal Income Jan
0.5% 0.4% 0.3%
Mar 02 08:30 Personal Spending Jan
-0.1% -0.1% -0.3%
Mar 02 08:30 PCE Prices - Core Jan
0.2% 0.2% 0.0%
Mar 02 10:00 ISM Index Feb
51.0 53.0 53.5
Mar 02 10:00 Construction Spending Jan
0.2% 0.2% 0.4%
Mar 03 14:00 Auto Sales Feb
NA NA 5.5M
Mar 03 14:00 Truck Sales Feb
NA NA 8.1M
Mar 04 07:00 MBA Mortgage Index 02/28
NA NA NA
Mar 04 08:15 ADP Employment Change Feb
230K 220K 213K
Mar 04 10:00 ISM Services Feb
55.5 56.5 56.7
Mar 04 10:30 Crude Inventories 02/28
NA NA 8.427M
Mar 04 14:00 Fed's Beige Book Mar
NA NA NA
Mar 05 07:30 Challenger Job Cuts Feb
NA NA NA
Mar 05 08:30 Initial Claims 02/28
300K 295K 313K
Mar 05 08:30 Continuing Claims 02/21
2400K 2403K 2401K
Mar 05 08:30 Productivity-Rev. Q4
-1.6% -2.3% -1.8%
Mar 05 08:30 Unit Labor Costs -Rev Q4
2.5% 2.9% 2.7%
Mar 05 10:00 Factory Orders Jan
-0.1% 0.7% -3.4%
Mar 05 10:30 Natural Gas Inventories 02/28
NA NA -219K
Mar 06 08:30 Nonfarm Payrolls Feb
240K 240K 257K
Mar 06 08:30 Nonfarm Private Payrolls Feb
230K 230K 267K
Mar 06 08:30 Unemployment Rate Feb
5.6% 5.6% 5.7%
Mar 06 08:30 Hourly Earnings Feb
0.1% 0.2% 0.5%
Mar 06 08:30 Average Workweek Feb
34.5 34.6 34.6
Mar 06 08:30 Trade Balance Jan
-$38.7B -$42.0B -$46.6B
Mar 06 15:00 Consumer Credit Jan
$12.0B $13.0B $14.8B

Earnings Reports This Week:

Mon: premarket: SSYS, PMC, JKS, ANFI: postmarket: MYL, ARNA, INN, NTRI, BIOS, MBI, SLXP, CMLS, CZR, HALO, OPWR, STKL, PANW, GWRE

Tues: premarket: ACW, RIGL, TEDU, KATE, RDNT, INSY, DKS, BBY, AZO, NAV: postmarket: BOOM, CDI, CDXS, REGI, AMRN, CECO, GERN, AVAV, TIVO, ASNA, BOBE, BV, AMBA, SWHC, ABM, FRPT

Wed: premarket: AMED, SALT, ATHM, INXN, ARQL, W, TSL, DSX, ANF: postmarket: CORT, SQNM, BREW, RNDY, TROX, VSLR, WUBA, CMTC< CTRP, HRB, GEF, JUNO

Thurs: premarket: SFE, CTCM, AMRC, POZN, PRFT, SNSS, CSIQ, DATE, PLCE, DANG, KR, COST, CIEN, JOY: postmarket: FISH, GALE, JMBA, YY, WX, YOKU, TFM, FNSR, CMTL, IDT, ESL, PGRE

Fri: premarket: FRM, VTG, TRCO, SPLS, FL, BIG

All eyes will be watching how the SPY handles its first daily stochastics peak off the highs.   Keep in mind the 80 band is the stochastic support area needed to break to get a full oscillation down. If they take out the high then watch that 212.67 fib as last resistance area before a breakout. Pace and allocate properly. 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:
https://undergroundtrader.com/
https://undergroundtrader.com:8000

https://undergroundtrader.com//pit

-- --- ----

To access the chatroom through MIRC (non-java) follow these instructions https://undergroundtrader.com/faq.html#swreq

Email JeaYu21@gmail.com for any access issues asap---

-------------------

Special One-On-One Live Training Mentorships Open Now for April 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 jeayu21@gmail.com 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

******

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 kevin@innovatumcap.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
    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 info@cobratrading.com.

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

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 https://undergroundtrader.com/freetradingmaterials/

You can take a free 4 day trial to the live trading chatroom https://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://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 https://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 jeayu21@gmail.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!

"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