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And speaking of these politician witches vs market, what are the odds that SPY will make new ATH by Wednesday inauguration January 20 ?!
I would say pretty good.
CELEBRATION
WELCOMING
(some would say even "double" celebration, but I think just celebration is good enough)
Substitute the word "forget" with the word "add" and I'm in agreement with you 100%.
Reload on the dip folks.
You sold yesterday hopefully.
Yes, I noticed that the assholes in power allow better dips in a way so that decay takes something away from your plate. But still.
Make money people !!!!!
You CAN substitute the word "Market" with the word "Money" (or "Big Money" rather).
In other words, the elite.
Quote: "Let’s not forget the market rules politicians to a T. The Beast rules!!!"
But how exactly can we use that fact to our trading ?????
Why even saying it..
Just to self-annoy and self-anger ourselves?!
Then it could be an outside market trade ("under the desk and radar").
Normally used by institutions.
Even though such trades do NOT influence price (never understood fully why not), soon enough other will follow that DO influence price, so in the end becomes seen.
Good example is when a stock trades on high volume but down and won't rise, then news comes out and price gaps up enormously.
Price CAN be subdued irrespective of volume. One more reason to NOT put too much weight on the volume.
But combo of volume PLUS price action YES works.
Who is in the know knows, the rest of us use charts.
Hopefully we can follow close enough.
morning volume 400% more than usual
Thank you for offering.
Not that I'm not interested, but as I posted not long ago I try to simplify my traps. So I don't want to add on my plate UNLESS something is ALREADY tied to what I do.
As soon as I have some time and look around I find new things, new ideas, new ways. I have to fight myself to not go further more. I get the $CPC, far from me to think it has no merit, and your research for sure has value and merit.
Everything has value and merit, but some have less, some more. Just like 50$ bill vs 5$ or 20$ bills.
So I diss some otherwise good things in favor of more potent ones.
For example I was studying frustration factor recently. I think I discovered a new pivot in doing so. Not sure, need some elbow grease and comb the charts, but I already added it to my stuff because it is part of what I try anyway. But otherwise I wouldn't touch.
$CPC is NOT part of my stuff, neither max pain point, so I can't add or allocate time to it. But I was interested to know which particular stock/ETF had put buying to go and look at it with my charts. That was about it.
I think $CPC in its form is not telling the whole story. It's too murky. It is a major difference if institutions buy or retail buy. If we somehow can get that info separated, then it might be more beneficial. Maybe the pros have it I assume.
Thank you again.
re-buy lower, also avoiding decay on options
that's why
but you knew that
keeping like this will shape a smallest day around with smallest volume
Since trend is up, in such event exiting longs to cash is safest option
Buying puts is a better lotto.
Always Buying for me when opening a position.
(I wish I could sell to open positions to capture decay, but i can't, so only buying for me)
Back in 2017 with BTC at nose-bleeding 20,000 $ for a worthless pos tulip bulb , having my colleagues/customers bugging me with "Buy Buy Buy don't pass the opp", I took a look at the charts and told them (predicted) to get the heck out and buy it bellow 5,000 if they so want anymore.
So it did happen, we see that.
Now I have a new crop of bugging/buggers with the same theme, and now BTC pos tulip bulb is at 40,000.
Some things never change.
I see even a guy that doesn't care an aiota being "dragged kicking and screaming" to open a trading account for BTC.
WOW
WOW
WOW
I care about this black guy, he is a nice guy, so I advised him best I could, but he was converted. In last effort i told him to put really really REALLY little money. He said "oh yeah, I'll put just 100$" - but I know how this can go, many zeroes to follow.
Why I'm saying this:
Back in 2017 BTC was hyped right at the end of the year and into January, right into high at 20,000.
This time it looks eerily similar, BTC was hyped into 40,000 right at the end of the year and into January, and just like then, many plain people jump onto the BTC bandwagon thinking of fortunes ahead..
Here's the thing:
Back then SPY also topped, and had a rapid drop of -33 points or -12%.....
In fact that year (2018) was quite volatile for SPY.
Oil also dropped an astounding -50% from 80$ down to 40$..
So fwiw we have few of these things aligned...
Maybe finally the broken clocks negativists will have some ego satisfaction and start with "I told you so -es"
I'm thinking a close of about dollar something lower today
so essentially morning puts are a better lotto imo
but since I can't daytrade watch I pass the opp
I have some bollinger telling me same thing
You can't short without resistance to short at, and to put a stop above it.
Well, you actually can, but that's gambling.
He's hiding probably. He is short at the prior top ;)
... But, , , we don't know what are them yhe mysterious individual stocks, nor we know the strikes or time on those puts
Unfortunately it's totally useless data if incomplete
You didn't answer even 1%
I asked very simple.
It's ok, I take it you just threw some words there to help Vandal...
SPY is at all time highs and probably will make another all time high before any dip.
The only breaking , even a blind man can see is to the upside..
Who cares man.
All is in the charts.
Just Buy Buy Buy the dip.
There is nothing to it.
Make money !!!!!
Of course we have to sell what we Buy Buy Buy
But the point is to Buy Buy Buy first
Buy Buy Buy the dip
Buy Buy Buy the dip
Buy Buy Buy the dip
don't listen to nonsense
Buy Buy Buy the dip
Buy Buy Buy the dip
Buy Buy Buy the dip
Make money people !!!!!
BUY BUY BUY
Index ETF
ONLY UP
I buy in dip.
I sell at resistance or in dull market, -> stay in cash.
I buy in dip.
BTFD
Over
and over
and over
and over
on and on and on and on and on
Make money people !!!!!!!
What chart are you looking at?
What time frame?
And what do you see that makes you say "chart falling apart"
???
The quantity and quality of pending orders at various levels is what decides where a push stops, where price bounces.
if orders are clustered at 380.43 then that's the AREA where price will turn , so NOT to fill those pending orders.
If quality is high then price will go and fill the orders and only then turn.
This is where front-running comes in play.
It is up to you to be smart, educate yourself in possibilities, and front-run the cluster points.
I made good money ARBITRARILY front-running certain levels, completely disregarding the possibility of further run,
The old adagio "don't be a pig" in the market is aligned well with this situation.
The "don't be a pig" though is only half, it only addresses the selling to take the profit out, but my approach was fully, meaning I also did not wait for that most very deepest bottom to buy, the pig story doesn't cover that.
YES,BUY BUY BUY BA and everything else.
Worst economy ever, in post-depression worst made America again, it is easily compensated by best printing ever, and every year it gets worst, I mean better, depending where we look, the economy or the printing..
So yes, UPTREND in everything and buy buy buy everything and anything regardless if it is a bad company with bad earning in worst economy ever.
Personally stick with indexes ETFs and commodities and bigger companies.
This just to add a NOT NEEDED thin layer of safety.
BUY BUY BUY
Then
SELL SELL SELL for a profit
Then
REPEAT and REPEAT until you don't want money
Only ignorant fools that look at economy without looking at the money debasing don't buy buy buy the market.
sideways above a resistance makes the market more expensive
it also elevates the risk of forming a resistance
it is at this time and context that Volume begins to be important.
NOT there yet, too small sideways.
I don't see why would you or anyone care at this time.
I'm talking about people with some market experience, more advanced.
You yourself said "correction".
So worst can happen is correction. That's it !
So why I would need to see p/c for?
I buy the pivots, and sell in resistance.
P/C will re-balance itself during corrections.
Did it help me? NO
Not even a bit. The chart did and the pivots.
WE ARE NOT THERE -> but when resistance is established (ON CHART) then p/c can be SLIGHTLY useful at pivots.
The basics of charting is support and resistance.
The basics of trading is using the basics of charting with a strategy/plan of trading.
KISS
ALL others (SO MANY) sidekicks we have, like p/c, volume, "what banks do" , "what Buffett does" , what "Max pain" is, Earnings (see TSLA etc), are all distractions.
My efforts, the bulk of it, is to simplify and eliminate, NOT to add.
(And I can add so much , constantly, if I sit on charts and indicators - but ENOUGH)
This market is sucking too much attention.
Charting and trading can be very simple .
who cares about p/c , the charts have NO resistance
Of course no fear, why would it be any different beats me
And whenever a resistance did form the market rolled over it very quickly
N O - R E S I S T A N C E
at all
No resistance
everything has been bullish
I think tomorrow down.
But I don't have the power to buy puts.
So it will be just a dip to buy calls for me.
biggly overbought, but NOT a top yet
NO RESISTANCE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
it's not the democrats, it never was.
it's not the republicans, it never was.
it's the system
the market can NOT go down.
But will correct, and that's what the other guy said
market to correct
in other words will dip
oftentimes small dips, sometimes bigger
and only when the programs in charge of dips see an opportunity
It's a serious problem with claims coming from the manufacturer itself and NOT from UNBIASED third party.
That's fluffing
"...OUR Ice cream is the best in the world"
Don't kid yourself, SPY chart is TRULY overbought now.
Correction is coming.
IMO it was postponed. Don't know why.
So be prepared to exit longs and BUY the dip with calls.
MAKE MONEY
I believe we reached the highs of the day give or take a little
I'm not saying that to short now.
Just buy the upcoming dip.
Monetary policy of the swamp is reckless, have that in mind, so only up until something really breaks - meaning only up and buy calls on dips until then.
All along Vandal (and some others) discouraged you with gloom comments so you don't buy the dips of this this strong uptrend rise.
All the while inducing poor souls to put their hard earned money on puts to lose.
Don't listen, don't short, just buy calls.
Yes, you will miss few opportunities on the short side. So what. Just wait in cash on the sidelines. The opportunities on the long side are really REALLY more numerous - AND you will have the Fed on your side of trade --> D'OH !!!
Beware of bulls in bear clothing
They are discouraging YOU to climb the market to make money
They are not really after you as individual, as you don't amount to much, so you as one individual are not posing a threat to their riding-up market game.
They are after "the herd" of you, the "us".
The "us" is so many that if we climb the market in masses/majority then the market won't be able to bear so many winnings, the market won't be able to sustain a too widespread ongoing gains so the game/market will just collapse, not even 10 trillion per month could support it, --> hence their way of living making millions easy from market rise will be brutally stopped.
So that's why the effort, nothing personal with any one in particular, but personal yes nevertheless in a larger scale.
It's a fight. Fighting "us".
That's what I see
SPY and DOW been trading in narrow upwards channel for 2 month now.
The drop on Monday was merely a corrective drop from upper line to tag the lower line of channel.
I don't trade that, I have other things, but this is a clear chart situation
Anyone can draw these simple 2 lines on a daily or hourly chart
This also suggests a highly correlated and controlled market as markets by nature of freedom would NEVER go in lines on their own for extended period, and 2 months is a very long period.
(and since it's controlled this situation can last longer and likely snap unexpectedly -> when decided)
My read of chart was correct, 10 day did NOT bend down yesterday. (... I don't care if it clicked down yesterday, NOT bend!)
My assessment was also correct -> get (only) calls
And Yes I got calls yesterday and held overnight. (NOT the best price close to bottom -> MY own fault)
Sold today for a good profit, not the highest price. (NOT my fault)
All good.
Today was the validation of my view
Things get a bit murky now, less clear after today, some blood showing in the charts, not much yet, still shopping calls, but I can see some.
10day is not yet down for me, maybe in another day or two
it's half didn't cross either (5-10)
20 is support, lower BB is support, 200 is support, cycle support,
all in all it's just just a correction in overall uptrend
Gold was up almost +3% in the morning, still up 2%+
Soon to knock on 2000 again
They can't print more dollars, they can make more bitcoins if they wanna, but nobody, NOBODY can print or make Gold !!!!!
Now Gold in this scenario is the front runner in competing (read replacing) of USD
Printing is a "cure", the disease is deficit.
IMO the cure is going to make a huge damage compared to the disease.
And no cure for cure...
Today may have been the HOW and who knows, maybe the LOW.
And again who knows, maybe the HOY
So far in my book today is a dip to buy calls.
And that's what I'm looking for to do.
I don't care about the noise
I don't think I can buy AAPL with 100$, and I don't know how could I possibly top it off if drops $5
Then I imagine the fees will eat any crumb of my whatever lunch of one stock i share or less ...with the wrapper
Can't see it lucrative
I do get that stock act as pistons in the SP500 engine and some move more than others and take turns