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Streetsmarts

Signal is momentum pinball and The Anty I see some upside potential in DASH, due to the following signals: 1. Momentum Pinball shows very oversold levels, which historically has led to a good sharp rally 2. The ANTY is triggered today on a break of yesterday's highs. 3. The 1 hourly chart shows a clear spike on opening bar for the week, and volume interest is Higher than average. strategy: 4. I will add to a test of recent lows about -5% below. 5. If price can rally past the DOWNTREND line at about $74.50, I will move STOPLOSS to BREAKEVEN. 6. I will hold multidays for a retest of recent highs around $89.50 for a profit of +25%.
Long
by Aussie-scalper
Anty buy set-up if breaks yesterday high... With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line, possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips... stoploss below recent low -65 pips. This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers. OIL looks to be topping at new highs and forming a lower high threatens a correction....this would be negative for CAD. Lots of IF's here, so only entering if market strengthens, otherwise kill order tomorrow if sustains downtrend and look for a new 20 day low that reverses sharply ( Turtle soup)....
Long
by Aussie-scalper
WES - neutral to bullish strategy : Bull Put Spread ( options) The Consumer discretionary sector is correcting in a Bull leg - it has done 'normal' correction so far in length and time; SO looking at a stronger leading stock in the sector - we have a similar action. As this places a slightly higher probability of the stock at least holding 'above' support zones below - a neutral to bullish options credit spread can take advantage of slightly higher options implied volatility for the past 30 day ( 33% vs 27%) ; and with only 14 days left on June 25th expiry can get the 'time-decay' before it closes below credit leg strike of 40.75. Bull Put spread June expiry : -15 shares @ 40.75 strike ( european) = -0.74 +15 @ 40.06 = +0.53 diff = + $ 464 premium paid no stops required as if stock expires 'in the money below 40.74, I will buy the stock after being exercised and hold for a recovery of any losses on the table whilst doing a covered call strategy for extra income & hold for dividend payment in 2 months time..... The entry strategy : Firstly, the consumer discretionary sector is down three bear bars without too much overlap, and it has equaled the largest correction recently of about -9.5%. As its a fairly strong uptrend, I anticiapte it won't drop to much further or if so, it will recover fairly quickly to AT LEAST present levels for the next two weeks.... ( neutral) This is because this sector is defensive in nature, and coming to end of June Quarter should see ' window dressing' by FUNDs on the conservative side. Stock analysis : WES has a similar corrective degree though only -7.5%, and is the 'Leader' in terms of strength in this sector. The entry signal is based loosely on 'The ANTY' which takes advantage of catching brief corrections in a larger trend. The modified Stochastic indicator shows its cycled down to corrective part of cycle creating a disparity in price to averages. I only haven't waited for 'confirmation of next day recovery because I wish to use an options - spread as ' protection rather than a stoploss, and I want to enter on a down- day to get the most oomph in the put premium I can sqeeze out given only 14 days left for time-decay to do the rest of the errosion in premium ( and thus my profit being a credit spread).
ASX:XDJ
by Aussie-scalper
WPL : CFD's- Turtle soup plus 1 day with momentum pinball entry This is a second entry after scratching the first turtle soup entry a few days ago.... This time it went lower to a new >21 day low yesterday, then opened above that old low of 21.07 As rallied from morning, I noticed it showed another signal on /momentum pinball because I missed that low entry due to gapping up, so I entered on the break > high first 1 hour bar... Looking for follow through of a few days. I have a tight stop of below yesterdays low....only risk is a gap below that low by much....?
WLong
by Aussie-scalper
neutral to bullish BXB ( asx) - bull credit spread This is based on ' The Anty' strategy in which after a normal correction degree, there is at least the same or better recovery in price - a neutral to bullish strategy is bull put spread ( paid a credit) and with only 8 days until expiry benefit from time-decay at a fairly high probability scenario....it needs to close below 10.98 at expiry ( using european style options) so get exercised and forced to purchase stock at this price ( 500 shares contracted). There is put protection below at 10.48 so if really falls hard the most I can lose is -$500 ( fixed loss). Of course I would hold the stock until at least recover the loss as an attractive price over 3 months...
ASX:BXB
by Aussie-scalper
WPL ( ASX) buy day trade : many strategies ticked This looks a little over-sold today : Sure, energy sector smashed today -5% and worst performing sector on asx, however, Its very over-stretched on the down side today. So this leading energy stock is good to BUY as a day trade only. Not holding over weekend. Only buying small ( about 1/3rd normal size) with a tight stop under low of day. Strategies ticked ( all Street Smart strategies...) 1. Turtle soup > new 20 day low, with buy stop just above old low 20 days ago> false break possible 2. momentum pinball> RSI/ROC function is < 30; buy on break of high of first hour @ 21.40 stop under this bar 3. The Anty > the modified Stochastic is stretched down side in a larger daily uptrend, hitting -38% retracement, usually a 3 day strategy Looking to exit by close today in profit....
WLong
by Aussie-scalper