Netflix bounced off it's 84 low it needed to go short and has gone up to 88, it has no buy signals for the foreseeable future, it had far better fundamentals and upside (massive releases that were sure to boost it in 2014) that it doesn't have in today. I'm bearish on Netflix and see it as low as 50 or 45 again.
Still Long Mini-Dow at 18492 entry. Still short mini-corn at 341 and 340 (darn stop fill). Looking at TSLA (don't know to be short or long, just incredible price action for the news it gets), if TSLA breaks down below 218, I'm buying puts for 215, it's already tested the 180's, and if there's a market turn, it could be just what the investors need to sell out of their Tesla, and cause the price to drop like a rock. In the long run, could this company be a rockstar. Most definitely. But right now, could it be a falling star. Most possibly. EDIT: Took nine point loss on Mini-Dow, sold at 18483.
Mini-Corn last was trading at 3.33, Profit 2,000 dollars on 30 contracts (too many contracts for the volume, hoping for a good amount lower to start selling off my positions into the poor volume. Going to be moving to corn from now on. Waiting for 18387 on the mini dow, it bounced off that level today in a dramatic spike, and when it breaks it, it'll likely be the start of the correction, 2 to 5%, might be more if bad news happens, it could go as low 16,000 in a full correction.
It's a good idea eventually, it's hugely oversold, and farmers are worried that the speculation has driven corn to unprofitable lows. If it has a gap up, which I'm hoping isn't the case, I think the shorts have taken their profit, and are going to see where they can short it too now, given the other markets haven't really effected it. But if they don't, then the price can shoot up. When it turns, it'll likely have a bit of a sideways market, and then start going back up. Also, though a great deal of the drought has seemed to not effect the corn, one major thing could happen, the transport loads could stil get spoiled due to the heat, and final processing numbers haven't been calculated, so there is a series of things that can cause this market to turn.
Corn continues it's move down, bought a block of contracts back to lock in 1,000 dollar profit (not bad for 3 days work, currently up 5% on the corn move), as it's new base will guarantee profit with the exception of a gap up. Waiting patiently for the move in mini-dow, TSLA is touching off on it's support. It's fundamentals do not currently support the price, and it's being held up on Musk's reputation. This could crash, and crash hard, 170 to 150 before stabilizing and coming back when Musk actually shows some success. On it's first shaky news, along with Brexit stress, it saw a low of 189. Below 218 is the level I'm watch, and September puts at 215 and 210. AAPL showing weakness in the market and with a general market trend downward (or the break of in the market that likely to come), it'll probably go with it. Not looking for a huge move on it Going from 98 to 89. But enough to turn the 3 dollar Sept puts at 97.5 to 8 or 9 dollars. Good if the move happens. It bounced off it's resistance, so time will tell.
Got sold out of corn at 3.50 and ended up 2,090 dollars of profit. Apple didn't close below 98.50 before market close so no puts. Verizon sent a buy signal and I purchased 20 87.5 calls for 3,900 dollars. Wasn't in my plan, but, I don't question my systems signals. All numbers stay standing.
Sold Dow Mini at 18389, bought back at 18402 for a 500 dollar loss. Got caught in it breaking it's resistance, both in the day trading metric and my swing trade metric, but, though it closed in the day trade metric, it didn't close below it's break point in the 30 minute metric. Took the position again at 18391, still short and holding. Apple put bought at 88.55 (had trouble with buying the put and ended up behind the curve, stupid internet. Bought 97.5 put. It's now in the money. Bought Calls in Verizon yesterday, they are down 27 dollars in value a piece. Though bearish on the market, will hold until my system gives me the sell signal. Missed PCLN with internet problem. Don't feel confident in getting in 20 dollars below the price I wanted.