Member’s Video for Thursday, March 22nd, 2018
The Fed Came, The Fed Confused, and the Fed sold off stocks. Where to? Still lower, but let’s go stock fishing.
0:00 – 5 :35 :MotiveWave Sales. Options Training. Chart Room Updated and New Member announcements.
5:35 – 10:02 Indexes – Nasdaq focus, S&P, Russell
10:02 – Customer Question re: SPX count
13:45 – Apple – Red Count / Blue Count look
16:16 – Staples – XLP weak MO, PG
17:51 – NFLX strong high IV
19:04 – TWTR – Butterfly
Sorry, not the clearest description…..attached is the best I could do (I place mostly swing trades at EOD based on completed Elliott patterns so don’t use elaborate charting software other than this and Think or Swim). Thus, forgive the lack of proper Elliott labels……..first 1/2/3 would be W, next A/B/C would by X (in the form of a flat). Second 1/2/3 would be Y, next A/B/C would be another X (a zig zag)……next wave to come would be the final Z. My only issue with the underlying wave counts in this is that the B of the first wave X looks like a five, but has a gap up which makes it hard to confirm that.
In any event, a triple zig-zag in the S&P (with another Z to go) would comport with your ending diagonal in the NDX (with a fifth wave to go).
Elliott Wave International Webinar Replay http://gainesville.elliottwave.com/t/271285/6991741/260168/24/
Paul Tudor Jones Video – https://youtu.be/-38x671CUQw
Join our MotiveWave Facebook User Group –
Join other users of MotiveWave as we collaborate, troubleshoot, and offer power tips and ninja tricks to utilize MotiveWave. Click Here
Todd’s Trading Lifestyle Vlog #37 – Colorado Family Trip With A Touch of Dysfunction
Join us for the back-half our trip to beautiful Colorado for a family reunion and most importantly to celebrate Grandma’s 90th! In my usually dysfunctional manner we take the kids to a brewery and then a distillery and explore other cool parts of Colorado
Hi Todd, never received the 2nd trade today: 2018-03-22Adjusting the balance S&P trade. Buy to close 2 APR 2670 short strike, sell to open 2650 put. Net debit of $7.55 or less. SPY equivalent is 264 put. New Trade is 2 APR 2690 / 2650 put debit spread. $7.50 DB – filled