- FANG is alive and well with Apple having an above expected earnings report yesterday and shares continued to climb all day. Amazon, Google and Netflix were down more than up today. I thought Apple was a screaming buy at $162 last week, but that is where I bought before when they dropped to $152 and then went up to $180. They are on pace to hit $180 before falling again.
- The Fed's announced that they were not raising interest rates and the market had a huge spike up at 2pm before falling for the rest of the day. I believe the Federal Reserve Board won't raise rates more than one more time this year because it has not helped lending and has actually tightened everyone's money despite great positive movement in the labor market. English: I don't know. lol
- Tesla reported a lower than expected loss after the market close today. Tesla ran up in the afternoon to $306, but fell from 2pm to market close. They were trading up 10 after reporting earnings. The Model 3 production was improved in the first quarter. I would not be surprised to see nice upward movement on Thurday.
- Spotify announced a loss after the market close. SPOT ran up most of the day before falling after reporting earnings. Square was another disappointment in their earnings call this afternoon. I think people will stop calling the a crypto currency play.
- Home Depot and Best Buy were strong again today. I think these 2 companies are huge positive signals for the direction of the market for the rest of the year.
I am day trading with Options of stocks and have noticed tendencies and have decided to note them into this blog. At this time the information is free to use, but you should not rely on it for sole purpose of trading as I accept no responsibility for what you do with the information. I do encourage comments on what you see. Please follow me on Google+.
Amazon is Awesome
Wednesday, May 2, 2018
Apple Rally While Other Bore
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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