Short S&P500 Tuesday/Wednesday. Waiting for a higher short entry

FX:SPX500   S&P 500 Index
847 5 9
The iPhone company unveils its third-quarter financial figures on Tuesday and investors will be interested to find out how many of the company’s signature iPhones sold during the period. Whatever the Apple             sales numbers will be, unless a miracle happens I expect them to push the market down on Wednesday, as they either disappoint or they create a final top for the week on Tuesday, if they are positive (and then the news gets sold of anyway starting on Wednesday).

I am estimating that when the market opens tomorrow it will first go up higher than Monday and then down, that is where the selling short idea comes in. If not I wait for this to happen Wednesday.

On the earnings front, it will be a busy week as more than 100 companies in the S&P 500 index             report their results. Notable companies on the schedule include Morgan Stanley             ( MS             ), Halliburton             ( HAL             ), International Business Machines ( IBM             ), Apple             ( AAPL             ), Microsoft             ( MSFT             ), Verizon Communications             ( VZ             ), Yahoo! ( YHOO             ) Chipotle Mexican Grill             ( CMG             ), United Technologies             ( UTX             ), Boeing             (BA) Coca-Cola ( KO             ), Qualcomm             ( QCOM             ), General Motors ( GM             ), McDonald's ( MCD             ), Starbucks             ( SBUX             ), Amazon ( AMZN             ), AT&T             (T), Visa (V), Biogen             ( BIIB             ), AbbVie             ( ABBV             ), and VF Corp. ( VFC             ).


Entry: 2130 (or better 2132)
Stop Loss: 2135
1. Target: 2116
2. Target: 2085


Both 1. Target and 2. Target hit, dead on :) Even exceeded it. Low today was 2076.6. (2. Target was 2085)
you did it and you were right :) S&P went down 16 pts and am glad to see that
ChartArt knatta123
I am also very happy that the market moved like expected. I only regret not posting the chart earlier at the top, as I was pondering on Monday (even before the price started to fall even more yesterday):
ChartArt. great chart and setup. I cant wait until this one goes down. I have bunch of shorts and Longs, but want shorts to win this week:)

Its getting crazy today.... :) with the BUY BUY BUY flag everywhere on tech.
ChartArt LastBattle
Great article! Thank you for sharing it.

- "The Four Horsemen Of The New Economy" - October 2, 2000
- "Cramer's Four Horsemen Of Tech" - September 25, 2007
- "Giddy up! The Four Horsemen of Tech" - July 17, 2015

"Is it just coincidence that these articles all discuss the same thing at the previous peaks of "bull market" advances? Probably not. The psychology of market advances, and particularly late stage advances, are all built upon the "exuberance" and "short-sightedness" of investors. As "greed" is fed by a seemingly inexorable rise in asset prices, the belief "this time is different" grows."

+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out