Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
duplicate post, please yawn~d eom
Anyone know why XLF went nuts around 8:30 pm?~d eom
Hedging September puts with more OTM August calls.
August in Chinese astrology is a friend of the current year. Coffee table top astrology, not the real thing, but occasionally works.
March was an enemy of this year.
Exactly.
Puts were overpriced on Monday, not any more. Adding to puts purchased yesterday like there's no tomorrow, including some 324 lotto tickets that expire on Friday.
Guta, I called for 'the bear squeeze from h-ll' back in March and new highs in April. I can prove it too. It was very specific as the 'new highs' post stated August. I also called for a crash in March, back in January.
I can prove that too.
My response here was also very specific about the market in general. The market will keep going up until it doesn't, and then there will be another volatility event. I'm not sure why I generated such a post full of aggressive generalities of my supposed bear status and other such things.
Having said that, I also still feel there's potential for a swift, 1 to 2 day decline starting anywhere from today to Friday to fulfill the Hurst 20 week low. If this scenario doesn't take place, then I will mark last Friday as the low. It was early and not much of a low, which is extremely bullish going forward. However, the lack of a good correction here is not bullish in the long run.
Nope. Not even close.:) eom
I bet the doity battards are going to open it up at around 328. That way the shorts get pulled back in and the longs don't know whether to cover or not.
The doity so and so's...
Until it's not. eom
What makes you say that, Nasaravi, a bull cycle until...?
Curious, thanks.
Excellent post. Thank you, Schneidku.~d eom
Not so sure about that yet. There have been some interesting moves lately after 3:30 pm.
Second level high? Can you clarify?eom
$NYaAD made new high on July 29th. Generally after a new high, market makes a sharp decline within several days.
— dowdeva (@dowdeva) August 3, 2020
$NYaAD made new high on July 29th. Generally after a new high, market makes a sharp decline within several days.
— dowdeva (@dowdeva) August 3, 2020
OT: Snopes, From some easily found websites (i'm actually surprised about that).
Incientally, Metabunk is owned by Mickey West, who was a software programmer who was then picked up and trained by the CIA. Interesting how a software programmer seems to be so incredibly learned about thousands of complex, hard to understand, issues.
Snopes is now 50% owned by an ad agency (Proper Media) and they make money by generating millions of views on the 3rd-party advertisements on their website. It simply makes sense for them to seek out articles that are viral to “debunk”, so that they can piggy-back on that traffic and generate more advertising revenue.
Snopes was founded by a husband and wife team who are now in the middle of a contentious divorce in which founder David Mikkelsen has been accused of embezzling $98,000 of company money to spend on “himself and prostitutes”.
Snopes now has a hired team of suspect fact checkers who collaborate to debunk falsehoods that are trending on the internet.
These fact checkers reportedly have no editorial oversight and do not follow standard journalistic procedures such as interviewing the authors of articles they are trying to debunk to get all sides of the story.
Excellent post and I saved it. Yes, you can see it in the 'non' patterns created as the SPY moves up and down. It seems to make no sense until you see it as levels the algos go for in order to remove money from retail traders pockets.
I have noticed that since the algos took over most tried and true classic TA patterns no longer work, in fact, just the opposite. Also, trendlines don't seem to hold very well anymore and I switched to levels.
Snopes is a government influenced misinformation site that promotes New World order propaganda. Do you know who owns them and who 'their' alliances are?
Two local reporters who are also truthfully reporting lots of misinformation regarding Coronavirus deaths(I posted the link) are actually getting death threats.
Hi Nowwhat, good catch again, many thanks.~d
Glen, thank you. Breadth remained oversold all day yesterday. It was a clue to the rally today in the afternoon. only today during the last 2 hours did breadth on SPX begin moving towards overbought (hourly). It's about half way there. From that I take it that we still have some clean up work to do overhead before we go down to your target.
Or we may go down first, your tardet is definitely there on my radar too.
My charts indicate that it IWM could lead the way down next week.
I see. So that blue line since it hasn't been 'cleaned', i.e., worked over, acts like a magnet.
+
duplicate post
Did you go long again per my orders to the market yesterday evening to crash and rally? LOL, too funny. Or too scary. ~d eom
That Globex 328 high has never been printed during the day yet, and they always, always are at some point.
LOL, I almost just got assigned 100 shares of the SPY. For the heck of it and because I was bored I went long exactly one 326 call at four cents earlier today and completely forgot about it until 4:01. I scrambled and closed it at .65.
Wow.
I have to start watching those cheap OTM calls on expiration more carefully...
What's your thought on why they left that zone empty, even if just preliminary thoughts?
You know mine already. Potential gap up Monday and back down until Wednesday or Friday.
Sounds more like you could use a drink.~d eom
Hi Morphius, Could be wrong but I'm doubtful about 326. Today anyway. I'd like a rise to 327 for a good short, though.
Not sure if this is significant or not, but my 4.00 Aug calls on SOXS, the 3X semiconductor bear fund, did not decline at all today during the rally back, but even rose to .55 before it declined back to support at .47.
Talk about manipulation (good size rally on low breadth).~D eom
TT, I think they're shooting for 325 or even 327 again. Breadth is not overbought yet, only squirmed up a notch yesterday on the run up and reset itself to overbought this morning.
I really would like to see them on overbought before a decline down next week.
Max pain between 323 and 325. Wide range today. Guessing they nail it somewhere in between.~d
You mean I put out all that deva-ine effort for nothing? Oh, you ungrateful human! Futures are tanking even while we speak!
Speaking of which, I'm hoping for a lot more with that dip. 314 at the very least, maybe even 302. Admittedly that last one is out of the ball park.
I agree, thank you. Breadth on ToS was really weird today. Barely moved up from oversold while SPX was flying.
I don't know, really. All hypothetical. But I have been thinking since late April or May - I think the first post was to Dr. Jerry - that July would be a trading range, then new highs in August. Maybe even early September.
I have an intuitive sense that something will happen in September (bad). I have no idea what and no TA to support it. Just a feeling. It would make sense anyway, everyone thinks they're gong to rig the market to go up until the election.
I am also thinking that the highs around the end of August will be the last high for quite a while. But I also don't see us testing the lows like many do after the election. It would also just be too easy. Maybe painful dribs and drabs down to around 250 with lots of back-filling.
I completely missed on how quickly we reached the levels we did by July and that really pisses me off, lol.
I hereby command the market to go down till Sean gets his perfect fill on his calls and then I command it to go up to at least 328.50.
:)
Unless it continues to go up.
OT: OK, I can't resist. Lord Buddha said that if we really knew how beneficial generosity was for our karma we would never stop giving.
One of the best anecdotes I ever heard about him was that one of his disciples, a very rich woman, was so stingy that he had her pass a carrot from one hand to another, back and forth, so that she would begin to get the feeling of giving.
May all beings be happy
May all beings be free of suffering
May they know the joy that know no sorrows
May they be content
Om mani padme hum
You're welcome. There are others here far better than I. My talent is actually pretty slim. But I work very, very hard at it.
I think what you're responding to is just that I am very transparent about most of the indicators (except for two that I developed, one of which I am thinking of selling eventually) in my tool kit. I fervently believe in giving away what was given to me all those years of struggling to be a good trader.
And in any case, it's not complex, expensive indicators that make a good trader. I could make money now just using a simple RSI and nothing else, with good position management
Closing August 21 calls tomorrow and adding to Aug 7 and sept puts.
If SPY rallies to 328/330 on good earnings it will be a short gift from the gods.