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Are you saying you don't like watching paint dry?
Those price alerts might miss the short. When it comes it might be fast. On the other hand, usually if something hasn't happened by 10 pm, it doesn't happen until about 12 to 1 am.
Or later...sigh...
Per a previous post in regards to shorting GOOGL: Hurst projection to 1420 on GOOGL and 370 on NVDA. An alternate projection on NVDA points to about 352. New ones will display as the 20 week low comes closer.
I find for me the trick for shorting with these FANG stocks is to not anticipate ever (I have the tears to prove it) and wait for very clear divergences.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156846144
Support at 3185. Think tomorrow it will hit 3140 again. They're going to do this all week.
~d
I agree. Been shorting since about 7PM. Globex always takes forever.
If you come for the ride I have espresso waiting on the stove.
LOL.
/es looking like a terrific short right now.
To sleep or not to sleep...
Don't think it's finished yet.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156855490
317 projection posted yesterday fulfilled. Looking to go long soon, if not tomorrow. Tomorrow may only be a day trade long.
However, the Hurst 20 week low is due the first week in August and we are already in the window now. If the 20 week low is seen before the first week of August it will be right translated and early, and extremely bullish going forward.
We may only see 300 as the low.
~d
Well, that feels better.
Big buy signal coming soon. Maybe already.
~D
:P
Glen, you see that how the action on your bottom two stochastics looks like a smile? Looks so perky and bullish, right? I have found that the pattern is usually followed by a decline, the magnitude of the decline is in perspective to the time frame.
I noticed that the pattern as a bearish one started concurring after the algos took over and distorted a lot of the the classic TA found in books like McGee's. It's pretty reliable and I have found it usually on indicators, not on price. And it occasionally seems to be even more bearish if the end of the 'smile' is higher than the beginning of it.
I finally have some bearish TA to support my bearish feeling, thanks.
https://stockcharts.com/h-sc/ui?s=%24NDX&p=D&yr=0&mn=7&dy=0&id=p04946055066&a=718133641
I am getting kind of bearish and I have no TA to support it.
Not ultra-bearish, but not buying this rally here either unless we go over the June high and sustain it.
~d
It bothers me when the market is flying like this and I'm not feeling the love.
~D
.Futures opened up about two points above the SPY tonight and SPY played ketchup. Haven't seen that in a while.
I trade in a news vacuum but saw on First Squawk that there have been no corona virus cases in china for a while. Wonder if that's the markup.
I have a potential dip down to the 717.40 area.
~d
Sean, can you give a link for that? TiA
I agree (equities: one last violent move) and have said so since April or May. Part of it is that the big players (da boys) like their big long options bets very, very cheap, and puts have not gotten there yet.
Remember what the SPX was before the black swan event in February and how puts could be had for a few pennies.
I posted a potential 3580 projection all the way back when too.
All they need is for it to go up, they may not necessarily looking for it to reach or exceed the strike.
Or...could be a hedge, but from the action on Friday, looks not.
~D
Out at 3135 from 3143.~d eom
As opposed to what other time?~d eom
Short /es.~d eom
I think there is a good chance we continue the decline tomorrow.~D eom
Short and will add at 315 if necessary, thanks, restripe!~D eom
Waiting for 314.18 before I short.~d eom
OT: Traded NVDA yesterday and today, forgot how volatile these FANG stocks are. Bought yesterday, closed out too soon this morning and went short too soon (profit taking on NVDA at the bell? What's that? LoL) and took me all morning to make my loss back.
Forgot what these FANG stocks were like after trading the SPY, etc all these years. I feel like I just got pressure washed.
You're both welcome and it's my pleasure.~d eom
Exactly.~d eom
We could conceivably gap down tomorrow and it's actually quite likely (all my intra-day charts are overbought and futures are declining), but I think by the end of the day price should close above today's close.
~d
As Netneutral stated so well, it's options that drive the market and not the other way around. At least, that's what I believe, in addition to currencies.
Here's Squeezemetric's site. I check that every day too, and the dark pool index and the gamma stuff is free. Read the white paper - it's terrific - then check out 'The Dark Index' section.
Over 40% on DIX (dark pool activity) is bullish.
Over 0 billion on GEX is bullish; i.e., it keeps a floor under the bid on the market and suppresses volatility. Some sites have for free the '0' price flip point - where volatility gets intense - and remember, the flip point is not the holy grail. It's just a guideline.
http://stocks.tradingvolatility.net/gexDashboard
Since knowledge of gamma has become so widespread in recent years among retail traders the bots have begun to change tactics and and even with those above criteria on the bull side things can get pretty whippy.
But still, good to know.
Hi Tbags,
Here's the people I follow on Twitter. Of them I check Helen Meisler, Quant Jim, Mark Steward from Wall Street Sentiment, Macro Charts, Mr Dev, Squeezemetrics and Alessio Urban the most often.
I subscribe to Squeezemetrics. He's a genius and i don't understand a thing he says, lol, and it has inspired me to advance my understanding of the complexity behind sophisticated options strategies.
If you like fun options plays I can pinpoint those for you too.
But they are all good. I don't follow a lot of people, hard to keep track.
http://tos.mx/1MUZnVS
I'm glad Glen likes it.~d eom
Gleno, I think we really from here till Opex.
Someone posted that the week after July Opex until the end of the month is historically bearish. I didn't know that and it was very useful.
However, today was Weird Wolly Wednesday which has a very good track record (not perfect, what is?) and the days from the Wednesday before Opex To Juy Opex itself are historically bullish. In fact, in the article I read I believe it said it's only second to the day after Thanksgiving
~d
I can understand Kospi, but why Toronto as a canary?~D eom
Ah ha! Now I know a few more of your tricks. (edited):
Long NVDA.
~d
Good point. You're not just a pretty face after all.:)~d eom
Today is Weird Wollie Wednesday and may be a bear trap.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=22784888
Changing my mind! I forgot that today is Weird Wollie Wednesday!
Now thinking we go up from here into July Opex or at least sideways and possibly fulfilling that 318 projection that is a big thorn in my side.
Then hopefully a decline into the first week of August to fulfill the hurst 20 week low. David Hickson has it around now which is how I have been posting it, but I am not so sure I agree with him anymore.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=22784888
~D
Actually, I agree. TT, have you ever thought of making the background white and also, making the chart bigger?
~d