IF …

Posted on Mar 8 2016 - 11:47am by Sharpe Trade

For some time, I’ve been talking about Disney (DIS) and Apple (AAPL) in the stocktwits stream, and how they could have been played profitably since the middle of December 2015 (be short).  We then turned bullish a few weeks back.

At this point, stops should start being pulled higher.  For Apple (AAPL), profits can be locked in by grooming the stop past that $98.00 entrance.  Depending how the market continues to shape up, at least past break even.  Money has walked through the front door.

Don’t let it walk back out again.

If one is especially nervous, one could pull the stop on Apple (AAPL) up to $100.16, though that might be a be tight; it would lock in a good $2.16 in profits.  But it should at least be pulled up to $98.30.

Disney (DIS) is a different story.  It’s been the weaker of the two.  So if it starts trading with closes on a one hour chart below $97.75 (0.25 cents below the entrance), that trade would need closed down for a tiny $0.25 loss.

So all in all, profitable when looking at both trades.

Now, let me turn my attention to the ‘Sharpe Income‘ project.

IF the June e-mini S&P 500 Index futures starts trading with one hour closes below 1963?  You may then see another article posted here.  To sell everything held as part of the ‘Capital Gains’ strategy in the ‘Sharpe Income‘ project.  Sell IVV, sell QQQ, sell PCY and sell JNK.  In other words, re-balance, and take the ‘Capital Gains’ strategy within that project straight to cash.

I haven’t done this yet.  And even if the June e-mini futures hits 1963, I can’t guarantee I would do this.  I’ll post an article here, if I do.

But I am starting to think that way.

But the June e-mini would at least have to be hitting 1963 before I begin to think about taking any action.

We continue the Sharpe Income project with this next entry.

2 Comments so far. Feel free to join this conversation.

  1. mappy March 10, 2016 at 1:10 pm - Reply

    More negative euro rates. Fun times.

    • Dan March 11, 2016 at 12:34 am - Reply

      Just insane stuff eh?

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