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A month old but a great read. From Charlie McElligot of Nomura on the market, trending and gamma:
https://heisenbergreport.com/2020/06/01/nomuras-mcelligott-on-big-deal-trend-inflections-and-june-sequencing/
A month old but a great read. From Charlie McElligot of Nomura on the market, trending and gamma:
https://heisenbergreport.com/2020/06/01/nomuras-mcelligott-on-big-deal-trend-inflections-and-june-sequencing/
Bully for you, Lothario.
Over 400,000 contracts between 312 and 314 puts/calls.~d eom
I dunno...311 is starting to look better and better. Something should happen soon unless they deadline it for the holiday.
~d
Technitrend, do you have a written guide to your charting system anywhere?
It would be very useful, even a short one.
TiA
Calls?~d eom
Don't think we get much of a pull back like everyone else does though. Market is incredibly strong.
Won't even put nos out there yet.
~d
I am as bearish as it can get right now. Been accumulating puts since Tuesday.
All my intra-day breadth charts are overbought up to the 8 hour chart. The 2 hour and lower have neg div on breadth as well. SVXY weak and Hurst trough due next week.
Off by a penny.~d (Edit) Added to puts expiring July 10th.~d
I have overbought readings on all my intra=day breadth charts, including and up to the 8 hour chart. The hourly and lower have negative divergences.
If we gap up on Monday I'm adding to shorts.
I hardly ever look at price these days except for timing entry and exit, it's all about breadth and options analysis.
(Edited)Out again and finished for the day.
Hurst trough window next week and if we gap up Monday I will be adding shorts along the way and longs for August Opex.
~D
Good, because I'm back long again.
Unfinished business with the boys, lol.
~d
OT: Read 'The Color of Money' by Walter Tevis. Not the movie, the book. Read all the times the main character, an aging professional pool player trying to make a come back, negative self talks to himself and stops it immediately as 'loser mentality'.
This was one of my biggest flaws as a trader - maybe my biggest flaw - and I didn't start doing well until I started cutting that kind of talk. I mean, I talked to myself negatively all the time.
In the beginning, I couldn't even cut it off, all I could do was stop saying things like that on the board. I would write something like, 'Well, I bought puts so the market can go up now' and would xxx it out or discard a post countless times a week.
There are some great affirmation CD's out there and books too on trading psychology. Elder's first book is great for that. And the book I recommended, 'The Color of Money' is also a great novel too. I could hardly put it down.
Good luck to you.
~d
I think it's going up to at least 314.21, but not in the mood to watch paint dry today, and my calls were losing theta by the minute even though I entered at the low. Hence, the small loss.
~d
Out at a small loss.~d eom
Long.~D eom
Closed shorts.~d eom
So it would be rude of me to want 311?~D eom
Changed my mind. I don't like to fade TT.~D eom
Exactly!~d eom
Short since the bell. Added all the way up to 315.50. Closed at 387 and reloaded shorts above 314.
Too many people expecting a feel good pre-holiday market day.
~d
OT: I can't wait until Mr. or Ms. Weiniehead wakes up, reads the board and deletes all of my posts but keeps everyone else's.
Ferda, ferda, ferda...you have been disagreeing with every thing I've said here. That doesn't make me exactly optimistic about spending hours of my time cherry picking and sending you methodically researched links that I've accumulated over eight years.
August calls would be a great buy after next week, I think. The first string MM's take off for the Hamptons this time every year and the second string get to play.
Usually there is some mean reversion.
I'm not wasting my time as of yet. You're not interested in knowing stuff, you just want to be right.
How will you know that (everything is not a conspiracy..etc.), until you do the research?
...sigh...I give up.
Where are you located, Dr. Jerry? And what is the name of your hospital? Because I know many, many other areas that were hardly affected, including where I live.
~d
(edited) Right, anyone living.... can't go to work. Because THE GOVT FORCED US. It's not being allowed to run it's course and disappear, like SARS, etc.
And you're not looking at the big picture here. That this was all planned. Why aren't you? Because it's hard to look at something scary if it might be true.
I would bet my last dollar that you will not take a look at those links later. But if you do, I have others that might interest you...including an incredibly serious and life taking condition that is created through covert government aerosol spraying.
Guess what? So was Covid!
His point is, and it's important, that...
testing...
is not...
dying.
Those are the numbers that are important.
Thanks, Glen, much appreciated.~d eom
Yes, but due to the sub penny price it won't forecast the move. A 30% move for a sub penny price like that would be a big move, but only be .03 cents.
In other words, it won't project the price.
OT: I would imagine that Ron Paul understands math.~d eom
OT: (edited) Ferda....you think with your little amount of money you are safe. You are not safe. Physicists have crunched the numbers and a lot more than even ten million dollars will be needed to be safe from what's coming. The uber rich have been buying up ranches and fodder and seed and armed gunmen, and others, underground shelters for over twenty years.
Have fun with the market today.
Ps: You should really read the links. Whatever else you can say about Ron Paul, he's a genius and called the housing crises years before it happened.
Did you read any of my links?
And overwhelming a health care system is not as devastating as killing 70% of the population through starvation. Which is what is going to happen. A health care system can always be augmented.
By the way, the health care system WASN'T overwhelmed. Go look at the videos posted by many people who went to the so-called mobbed hospitals. The parking lots and tents are empty.
Y
Just saw this. Great read, thanks.~D eom
OT: ...WHICH MOST PEOPLE DON'T DIE FROM.
“You've got to keep them pretty scared, because unless they're properly scared and frightened of all kinds of devils that are going destroy them from outside or inside or somewhere, they may start to think, which is very dangerous, because they're not competent to think.”
? Noam Chomsky, Media Control: The Spectacular Achievements of Propaganda
OT: There were those, many of them well known, who never initially thought it was as deadly as 'most' thought (he gov't? The CDC which just got 13,000,000 from Bill Gates?).
The SPX is tech heavy. That's why it's moving up. The current market is completely disconnected from the economy and dominated by just a few tech companies and it's as scary as h--l.
~d