Wednesday, September 20, 2017

Futures Point to a Flat Open Prior to FOMC Announcement at 2 pm ET...



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After the Open SPY, VIX, SPX, DIA, QQQ, AAPL, WDC, MSFT, MU, SOX, SMH, NVDA, MXIM, SWKS, MCHP, AVGO, ADI, TXN, XLNX, INTC, QCOM, LRCX, KLAC, AMAT, ADBE, CMCSA, CSX, stock and long call sim trades…posted 12:37 pm ET
© 2017



Pre-market Up:  AAL, AA, DOV, ALB, PFE, LUV, DVN, MRO, MU, FCX, FMC, TRIP, VOD, NTES, ATVI, NVDA,  





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5 comments:

Bruce and Susan said...


Hi Dave

Thank you for everything you continue to do to help those traders that follow you. We may not always say it but it is greatly appreciated.

Would it be possible for you to show the sim trade set ups you choose and to explain why you chose that particular stock.

Also, would it be possible for you to show how you manage the trade (eg adjust stops, etc).

There have been times we have done stop adjustments and been stopped out, but you did not and ultimately hit your target with a significant profit.

We would like to significantly improve our skills in this regard so we don't continue to get stopped out too early.

Thank you for your consideration on the above.

Bruce & Susan

Bruce and Susan said...

Hi Dave

Can you please comment on the following set up:

JD
first bull flag set up after b/o of bottoming pattern
t=47.85 (support to resistance of flag only)

If it makes the move, it is a 110% return.

Thank you
Bruce & Susan

Fav said...

Dave
Thanks for your videos and sharing your knowledge and experience.
On the last one you were talking about holding options into earnings, well news have the same effect, today I had my taste of that with NVDA.Some news came out about Tesla collaborating with AMD for autopilot chip development .
After hours it is well below the stops that I had set and it seems like it may open with a gap down that looks like a retest or second chance entry.

Could you please include that chart pn your next video.
Thanks in advance

Dave Johnson said...

Bruce & Susan...You're welcome...JD is a bull flag setup with a hammer on Wednesday following a double bottom breakout...it looks like a good setup with the potential to move back into that 47 to 49 resistance area...Dave

Dave Johnson said...

Fav...you're welcome...the difference between earnings and news is that the earnings release is a known date and therefore one can control their actions relative to the release...a news announcement is unpredictable and just part of the systemic risk that can't be avoided if one is going to have open positions...Dave