{"id":1265,"date":"2016-02-17T09:06:48","date_gmt":"2016-02-17T14:06:48","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1265"},"modified":"2016-02-17T09:06:48","modified_gmt":"2016-02-17T14:06:48","slug":"3-in-a-row","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1265","title":{"rendered":"3 in a Row?"},"content":{"rendered":"

We have a little over an hour before the opening and the futures point to a strong start to the market. Right now the Dow futures are at +115, Nasdaq +42 and the S&P +15. Oil is up and gold is down. This all points to an up day; at least a strong opening. If we can be in the positive at the close this would be 3 in a row. We did not have 3 winning days in a row yet this year. This can be a good sign. Let’s not get our hopes yet, 4 o’clock is a long way off but there’s nothing like a strong start! Read my page “Pre-Market Data<\/a>,” it explains the pre-market futures<\/strong>, fair value<\/strong> and the implied opening<\/strong>. It’s good to understand how these numbers predict the sentiment of the market.<\/p>\n

Yesterday was a good day! the Dow ended up 222 points. I did not post a trades because I didn’t make any the way I preach. I did another day of “Day Trading.” Hit this link to my last post, Day Trading<\/a>. Day trading is not something I teach but it’s a tool I use when needed. It’s very difficult to trade in the manner that I preach because my holdings are down from where I bought. It’s very hard to find good premiums without the risk of getting assigned. I normally like to get called out but my stocks are lower than where I got in so I don’t want to take the chance of losing my stock. I still have positions in Facebook (FB), Netflix (NFLX) and Gopro (GPRO). They are coming back but not to the point of selling options yet. Although, I do have a Call sold on GPRO to expire in April.<\/p>\n

Yesterday I did another full day of Day Trading.<\/a>\u00a0It’s not what I love to do but it was a good day. The problem is I sat at my desk from 9:30am to 4pm with my finger on the trigger. I made 12 trades! This might be the most I ever made in one trading day. Every trade was with NFLX. I was playing NFLX like a piano! When it’s like this I do not have time to post. I do not enjoy a full day with my hand on the mouse and my heart beating a little differently. At the end of the day it was rewarding because I brought in $2800. NFLX was moving between 88 and 90 and I was going in and out with buy orders, sell orders, short orders and buy again orders. So far I had 2 days of day trading and every trade was with NFLX. Last week I brought in $2200 and yesterday $2800. I do not want this blog to take on a different direction and I do not recommend day trading. I’m letting you know what I’m doing while my stocks are down and the volatility is up. There are a lot of tool out there! Keep studying! If things get better soon there will be a lot of good opportunities coming.<\/p>\n

The “Housing starts” report just came out. It was a little low and the futures dropped a little, but then the PPI report came out and that was up. The PPI is the Producer Price Index<\/strong> put out by the Bureau of Labor Statistics. I will be writing about the PPI soon.<\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

We have a little over an hour before the opening and the futures point to a strong start to the market. Right now the Dow futures are at +115, Nasdaq +42 and the S&P +15. Oil is up and gold is down. This all points to an up day; at least a strong opening. If […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1265","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-kp","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1265"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1265\/revisions"}],"predecessor-version":[{"id":1266,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1265\/revisions\/1266"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}