MakisSwingTrader: October 2014

Friday, October 31, 2014

LNKD, NFLX, TSLA, TWTR, SPX WEEKEND REVIEW

LNKD-15MIN

NFLX-15MIN

TSLA-15MIN

TWTR-15MIN

SPX-MONTHLY II

SPX-MONTHLY I

SPX-WEEKLY

SPX-DAILY V

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPY-15MIN

Tuesday, October 28, 2014

GOOGL, NFLX, TSLA, WHR, SPX

Excuse the late post. For some months now I have been busy and have not been able to start my reviews in a timely manner. This should change as from tomorrow.

All plays are aggressive because tomorrow is FOMC Day. I believe the market will be happy if QE ends this month as planned. We might see an initial drop (Bear Fakeout) after the announcement at 2pm ET then a reversal to the upside. But if Fed decides to continue with QE, the market will drop after an initial move up (Bull Fakeout) because for a long time now the market has been expecting it to end this month. So it has been priced in. Anything different will create uncertainty, which the market doesn't like. As a result, a sharp sell-off might ensue.
Personally, I really want to see it end because I'm tired on hearing about it, but I have no problem if they want it to continue. They have all the data to make decisions with. So they know what they are doing regardless of what their critics think. I will always support what the Fed is doing for four reasons:
1) There is no better alternative.
2) They are not caught up in silly politics.
3) I'm not interested in the endless bickering of Congress. Their absence is good for the globe because they are good at creating uncertainties and economic woes just to score political points regardless of the consequences. 4) I don't know any better.

GOOGL-15MIN