Friday, May 1, 2015
Thursday, April 30, 2015
#TSLA OTF Bias:
#TSLA 's value area (VA) was barely 3 points today (4-30-15) while most stocks (especially key stocks/leaders) had decent range during today's market sell off, and likely so due to pending TSLA news.
Right now OTF server is suggesting if the market likes the TSLA news the bottom of the OTF server channel at 224-222 zone should hold. If so the first upside target will be at 229/30 then at 237/38. If above 238 the next upside target will be at 243s-246s zone.
If TSLA breaches below 222 the first lower target is at 217s and if breached there will be potential to reach 213s then 208s.
#AAPL OTF Bias Update:
Our Prop OTF Server is suggesting until AAPL is first above 127.10
then above 129.85 there is potential
for lower to 124s/123s.
#IBB OTF server bias update:
Our Prop OTF Server suggests until #IBB is first above 345.60 then above 352.55 bias remains bearish to 334/33 target then 329s.
#BABA OTF Bias Update:
For BABA I tweeted (@mocktrade) two scenarios; either 88s or
80s. Now our Prop OTF server is suggesting until BABA is first above 82.40
then above 84.20 the 80/79 target is more likely.
#GOOGL OTF Long trade update:
On Sunday (4-26-15) I tweeted I would consider getting Short GOOGL if breaching below the low
volume area (LVA) at 567s which I
did so in the in the 565s. I also
mentioned/tweeted (@mocktrade) that 556/55
was a must hold in order to avoid lower. I am still holding 1/2 Short position while
below the OTF chart’s center line. New target will be at 550s-548s zone if continuing lower then at 525-520 zone.
#FB OTF Long Trade Update:
Yesterday (4-29-15) I went Long FB at the low 80s
target that I have been mentioning/tweeting since Sunday (4-26-15). The low 80s was the bottom of the OTF server
channel which OTF confirmed while holding below 83s. Once I engaged in the FB
Long I posted on twitter (@mocktrade) that my first scale target was at 81.15 then at 82.30 and 82.80. I am
still holding 2/3rds Long while above the bottom of the OTF chart’s Lower
Band or while above low 79s.
