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Low of the Wk could very well be in at 47.24, buying below 47.29 and selling above 48.00 this wk!?
The ST TOP should complete this wk suggesting a move back down to the OE Pivot, 46.71 before this OE ends?
Not at all improbable for prices to even violate the OE Pivot and make a run for the S1 at 46.13 with an extension that could test the OE low of 45.97?
That's about all the comfort one can afford themselves for the remainder of the June OE period!
S&P500 Stuff?
The S&P500 portends new ALL times highs this week and that is in line with Futures expiration on 07Jun? We should see a ST TOP this wk with prices falling back to important support levles over the next three months?
Date Open High Low Close
1-Jun 1532.99 1540.56 1532.24 1536.34
4Cast
4-Jun 1536.34 1546.31 1536.34 1545.78
5-Jun 1545.78 1546.09 1534.85 1539.79
6-Jun 1539.47 1548.05 1539.47 1544.65
7-Jun 1544.65 1561.46 1544.65 1560.55
8-Jun 1560.55 1561.66 1557.15 1559.26
Key Pivots:
1552 (this wks target, ay extend to 1561?)
1522
1493
1463 (our Summer target)
1433 (Serious BUY signal will be generated!)
1427 (YTD OE Pivot)
1403 (Should be removed from your 4casting models)
1373 (ditto 1403)
1343 (ditto 1403)
With the Yearly Low already posted at 1364 and a yearly High 4cast at 1661 we should expect the YTD Pivot, 1427, to provide ample support for the remainder of the year?
Good trades ALL,
nm
OE, wkly and more stuff?
OE Pivot, 46.71, 18May
High, 47.77, 01Jun, Up 2.3%
Low, 45.97, 24May, Dn -1.6%
Spread, 1.80, PM 3.9%
Using the average PM of 6.0% we can extrapolate a target high and/or low for this OE period?
45.97 x 1.06 = 48.72
47.77 x 0.94 = 44.90
The wkly 4cast has a low of 47.26 and a high of 48.40 for a total PM of 2.4% and with an average 2.5% wkly PM that's well within expectations?
I usually don't like to 4cast for an entire wk since this 4cast changes with EVERY Closing price but hey, prognosticating is too tempting so here it is!?
Date Open High Low Close
1-Jun 47.58 47.77 47.37 47.44
4cast
4-Jun 47.63 47.77 47.39 47.57
5-Jun 47.60 47.67 47.26 47.50
6-Jun 47.54 48.07 47.54 47.89
7-Jun 48.21 48.32 48.01 48.26
8-Jun 48.17 48.40 48.16 48.31
We'll be buyers below 47.29 and sellers above 48.00? OUr unltimate target this wk is 48.35 which is another KEY pviot line?
Key Pivots
49.34 (Mandatory SELL trigger will be generated)
48.35 (should inititate a ST, 3 month, correction)
47.36
46.38
45.39
44.43 YTD Pivot
43.41
42.43
41.44 (our current Summer Target)
40.56 (Mandatory BUY signal will be generated
Good trades ALL,
nm
Oh Boy, tomorrow is gonna be a Doozy!?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
30-May 46.48 47.20 46.35 47.19
31-May 47.32 47.52 47.19 47.41
4cast
1-Jun 47.74 48.40 47.29 47.50
This is gonna TOAST da-remaing Bears and Euphoria will be running WILD for da-Bulls!?
Prepare for the unexpected!?
I'm out all day golfing so good trades ALL!
nm
Buying with Reckless abandon here Boss!?
Buyers below 47.29 and sellers above 46.65 today?
Loading up da-Boat, doing a Cramer Mo-Back, Beep, Beep, Beep, back-dat-chit-up, LOL!?
Tomorrow is gonna ROCK da-Bears World and then Tip da-Bulls into Euphoria Land!? Whatda, ALL in ONE day, You Betcha!?
Gleno... that is one Serious Bull Flag forming on the 5day chart and its portending 47.88 which is the R2(up 2.5%)?
If we HOLD above 46.25 then we are gonna FLY High and make a run for da-border at 49.00?
nm
Hi K,
Yes, 47.54 and 47 look reasonable to me!
I'm just using the ole 6.0% percent movement and with a low of 45.97 for this OE we get 48.72 so its not so out of the question?
We should NOT violate the OE pivot at 46.71 on a Closing basis otherwise this UP 4cast becomes null and void?
That said, we have a BUY signal as long as we stay above the OE pivot, 46.71, on a closing basis?
Best regards,
nm
S&P500 OEPM update based on this mornings actions?
Date Open High Low Close
25-May 1507.50 1517.41 1507.50 1515.73
29-May 1515.55 1521.80 1512.02 1518.11
30-May 1517.60 1530.23 1510.06 1530.23
4cast
31-May 1530.19 1541.73 1530.23 1540.02
1-Jun 1540.02 1542.51 1537.01 1541.51
Text book, GET SHORTY, action and we'll be daily sellers above 47.65 and buyers below 47.29!?
Wkly and OE stuff CORRECTION? The OE low was 45.97 on 24May and the OE high was 47.37 on 23May!
As expected prices look to be set to GAP up this morning and FORCE da-Shorts hand for the infamous short squeeze!?
We'll be net buyers until we tag 49.00 as I'll explain below?
wkly stuff
Pivot, 46.45, close on 25May
High, 47.20, 30May
Low, 46.35, 30May
Spread, .85, 1.83%
A little extrapolation using the average wkly PM of 2.5% gives us HOW (High of wk), and LOW (Low of Wk), targets?
47.20 x 0.975 = 46.02 (VERY unlikely)
46.35 x 1.025 = 47.51 (Almost a Given)
Last wk the Q's posted a 3.0% move so an extension above 47.51 is very possible?
46.35 x 1.03 = 47.74
And if da-Shorts PANIC a 4.0% move wouldn't be out of the question?
46.35 x 1.04 = 48.20
OE stuff
OE Pivot, 46.71, 18May (SERIOUS support on a clsing basis)
High, 47.37, 23May, up 1.4%
Low, 45.97, 24May, dn -1.6%
range, 1.40
PM, 3.0%
We can extrapolate a high and low target using the avaerage PM of 6.0%?
47.20 x .94 = 44.37 (Auhh, Not a chance this OE Period)
46.35 x 1.06 = 49.13 (our current OE Target)
Now let's go forth and prosper accodingly!?
nm
For your amusement, da-OEPM 4cast saaaaaaaays......
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
30-May 46.48 47.20 46.35 47.19
4cast
31-May 47.29 47.73 47.19 47.23
1-Jun 47.56 48.22 46.53 47.32
Holy-Volatility Batman.... da-Boyz are putting on da-Ritz, LOL!?
Wkly and OE stuff?
As expected prices look to be set to GAP up this morning and FORCE da-Shorts hand for the infamous short squeeze!?
We'll be net buyers until we tag 49.00 as I'll explain below?
wkly stuff
Pivot, 46.45, close on 25May
High, 47.20, 30May
Low, 46.35, 30May
Spread, .85, 1.83%
A little extrapolation using the average wkly PM of 2.5% gives us HOW (High of wk), and LOW (Low of Wk), targets?
47.20 x 0.975 = 46.02 (VERY unlikely)
46.35 x 1.025 = 47.51 (Almost a Given)
Last wk the Q's posted a 3.0% move so an extension above 47.51 is very possible?
46.35 x 1.03 = 47.74
And if da-Shorts PANIC a 4.0% move wouldn't be out of the question?
46.35 x 1.04 = 48.20
OE stuff
OE Pivot, 46.71, 18May (SERIOUS support on a clsing basis)
High, 47.20, 30May, up 1.0%
Low, 46.35, 30May, dn -0.8%
range, 1.40
PM, 3.0%
We can extrapolate a high and low target using the avaerage PM of 6.0%?
47.20 x .94 = 44.37 (Auhh, Not a chance this OE Period)
46.35 x 1.06 = 49.13 (our current OE Target)
Now let's go forth and prosper accodingly!?
nm
For your amusement, da-OEPM 4cast saaaaaaaays......
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
30-May 46.48 47.20 46.35 47.19
4cast
31-May 47.29 47.73 47.19 47.23
1-Jun 47.56 48.22 46.53 47.32
Holy-Volatility Batman.... da-Boyz are putting on da-Ritz, LOL!?
Tweak-ster.... looks like the Q's gap open at 47.29 tomorrow morning?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
30-May 46.48 47.20 46.35 47.19
4cast
31-May 47.29 47.73 47.19 47.23
Hmmm, howda shorts gonna feel when we gap open at 47.29, especially with 47.37 as the YTD high posted 23May? Does you think they buy prices up to 47.73 in a panic wave and post a new YTD high?
we'll be back in da-morning to see if da-boyz can Get-R donw?
nm
Iiiit's SHOWTIME, let's see if da-boyz can HOLD-R up above da-1525 line?
Date Open High Low Close
25-May 1508 1517 1508 1516
29-May 1516 1522 1512 1518
30-May 1518 1530 1510 1530
4cast
31-May 1530 1531 1525 1528
Definitely a "Point of Turn" and now we gonna see what da-Boyz is made of?
nm
Uhh, only .80 away form Toasting some SHORTS!?
Looks like we got a genuine GET-SHORTY Markup Wave being manipulated courteousy of da-boyz club, LOL!
PATTERN Violation confirmed and a close above 46.71 triggers a BUY signal!?
If the Low of the wk is in at 46.35 then we can extrapolate the high?
46.35 x 1.025 = 47.51
The new 4cast as of 2:50pm is.........
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
4cast
30-May 46.48 47.34 46.35 46.85
31-May 47.18 47.83 46.66 46.94
NOT exactly, looks like the HOD is in and we gonna CLOSE at the lows of the day so dare be a whole buncha time for us to tag 45.85 today?
Whatda, a possible Pattern Violation if we do NOT get back above 46.71!?
Gleno-meter is about to get happy?
Very possibly a break of 46.00 today?
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
4cast
30-May 46.48 46.67 45.81 45.85
Gleno... for YOUR Eyes ONLY, here's a small mynute wave pattern that could play out, NOT LIKLEY though?
This is NOT a prognostication but a Pipe-Dream in da-midst of MANY Pipe-Dreams as of lately!? Da-Boyz rule da-house and we go down ONLY when Day be rdy to go DOWN?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
4cast
30-May 46.53 46.67 45.81 45.85
31-May 45.94 46.35 45.73 46.06
1-Jun 46.17 47.14 46.09 47.13
4-Jun 47.43 47.46 46.64 47.04
5-Jun 46.93 46.94 46.02 46.02
6-Jun 46.10 46.22 45.50 45.98
7-Jun 46.04 46.48 45.64 45.64
8-Jun 45.41 45.74 44.48 45.56
11-Jun 45.73 45.97 45.22 45.27
12-Jun 45.33 45.40 44.38 44.41
13-Jun 44.52 44.85 44.09 44.40
14-Jun 44.33 44.75 44.14 44.65
15-Jun 44.91 46.03 44.85 45.86
Wkly stuff?
As expected prices will GAP down this morning but da-Boyz marked UP the price last night so they could HOLD da-line!?
We'll be net buyers below 46.50 and net sellers above 46.75 today?
Wkly update
Pivot, 46.45, close on 25May
High, 46.86, 29May
Low, 46.41, 29May
Spread, .42, 1.0%
A little extrapolation using the average wkly PM of 2.5% gives us HOW (High of wk), and LOW (Low of Wk), targets?
46.86 x 0.975 = 45.69
46.41 x 1.025 = 47.57
The OEPM 4cast-r has the Q's trading almost identical to yesterday except we CLOSE at the low of the day vs. the high? It's not like da-boyz be manipulating prices, Yeah, Right!?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
4cast
30-May 46.51 46.86 46.44 46.58
We expect Thursday to be much of the same but its Friday that promises to have a little something for EVERYONE?
Best regards,
nm
Be... It's da-Simple_Manipulation factor courteousy of da-BOYZ?
We KNOW there are gonna be ALL kinds of possibilities come Friday as about SIX key reports come out including jobs?
With the Qtr ending 401k Markup waves, along with the Friday Markup wave, along with QUAD-Witching expirations as the 2nd QTR coming to an end, da-boyz gotta keep-r between da-Lines until da-"News" comes out?
BTW... as expected here da-Boyz come to save da-Day, close around 46.63 expected with a GAP down in da-morning?
regards,
nm
Be... daytrading, selling above 46.75 and buying below 46.50, taking profits as da-Boyz play between da-lines?
BTW... ALL me trades ar e Options, I trade NOTHING else!?
We should be heading South to make a new LOD before finding support and working higher to close around 46.63?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
4cast as of NOON
29-May 46.49 46.86 46.44 46.63
Good trades,
nm
Just BURNING Option premiums for the remainder of the day!?
We'll be net buyers below 46.50 and net sellers above 46.75!?
Expecting a GAP down on Wednesday morning which supports the closing 4cast price of 46.69 or HIGHER?
Much do do about nuttin for the next tow days as we'll swing HIGH and LOW on Friday for some Serious profit potential?
HOD is in and we be heading down to play at 46.45 now?
BTW... prices NEVER really tagged 46.86 but da-Boyz made a trade between them selves to get that number posteed, whatever!?
We've been net sellers above 46.70 and will now be net buyers below 46.45?
Opening Bell Stuff?
Looks like we're on track to make today a NON -Event with a sprad of littel more than Two-Bits or .25 de-centos, actually .32 as indicated below?
It's NOT today or even tomorrow that will get your blood flowing but Friday that will see over FOUR-Bits in price movement in ONE day?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
4cast
29-May 46.54 46.76 46.44 46.69
We need to be sellers above 46.71 and buyers below 46.45 today, tommorrow and maybe even Thursday as da-boyz BURN option premiums into Friday's BIG mover day?
Good trades ALL,
nm
Gleno..."IF" price followed the same pattern as last year it would look something like this?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
4cast using last years PM's
29-May 46.56 46.71 46.30 46.56
30-May 46.39 46.41 45.56 45.60
31-May 45.69 46.10 45.48 45.81
1-Jun 45.92 46.89 45.84 46.87
4-Jun 47.17 47.21 46.39 46.78
5-Jun 46.67 46.69 45.77 45.77
6-Jun 45.85 45.97 45.26 45.73
7-Jun 45.79 46.23 45.39 45.39
8-Jun 45.16 45.49 44.24 45.32
11-Jun 45.48 45.72 44.97 45.02
12-Jun 45.08 45.15 44.14 44.17
13-Jun 44.28 44.61 43.85 44.16
14-Jun 44.09 44.50 43.90 44.41
15-Jun 44.67 45.78 44.61 45.61
That said, I'm in this camp until proven otherwise? Which is to say that I'm looking for more Up than Dn?
Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
4cast
29-May 46.54 46.76 46.44 46.69
30-May 46.55 46.74 46.39 46.46
31-May 46.56 46.99 46.46 46.50
1-Jun 46.83 47.47 45.81 46.59
4-Jun 46.65 47.64 46.49 47.47
5-Jun 47.33 47.36 46.85 47.25
6-Jun 47.25 47.54 47.02 47.28
7-Jun 47.41 47.72 47.01 47.52
8-Jun 47.37 48.12 47.22 48.08
11-Jun 48.17 48.75 48.11 48.57
12-Jun 48.51 48.86 48.45 48.82
13-Jun 48.84 48.92 48.63 48.78
14-Jun 48.58 48.80 48.30 48.39
15-Jun 48.26 48.31 47.36 47.50
Best Regards,
nm
OK, dats it for me, gone for the weekend so everyone ENJOY da-Holidays!
Here's the OEPM 4cast based on this mornings price action, let's see if da-boyz can get-r DONE?
Btw, a cloe at 46.48 would be wkly change of down -0.5%?
nm
Date Open High Low Close
18-May 46.48 46.71 46.38 46.71
21-May 46.74 47.24 46.67 47.01
22-May 47.04 47.28 46.87 47.05
23-May 47.19 47.37 46.82 46.83
24-May 46.86 47.04 45.97 46.16
4cast
25-May 46.26 46.50 46.18 46.48
29-May 46.57 46.79 46.47 46.72
Gleno... Agree and of course my number is the OE Pivot at 46.71 on a CLOSING basis to negate more down?
Agree... looking like a pullback, BUT, a move LOWER on Tuesday next wk would negate the pullback 4cast?
Wkly stuff says, Down but NOT Out!?
Wkly Pivot, 46.71, close on 18May
High, 47.37, up 1.4%, 23May
Low, 45.97, dn -1.6%, 21May
Spread, 1.40, 3.0% movement
Well, da-boyz did make a new wkly low and even exceeded the 46.19 target along with violating the OEPM S1, 46.13 on an intraday basis?
We tagged the R1, 47.29, and reversed to go coast to coast and tage the S1, 46.13 within 48 hrs, that's a 1.16 or 2.5% in less than two days, COOL huhh!?
That said, the 4cast-r suggest we go back UP before making a new OE low and what better place to go back up "to", then the OE Pivot, 46.71? It's typical for prices to return to their origin and 46.71 needs to be our ST target as its where we started this OE period?
It appears today will be much to do about nuttin with a price range of little more than two bits!? We do expect a GAP up on Tuesday morning after teh long holiday and a run for the 46.71 target before the day ends with a close above 46.50?
Enjoy the Holiday weekend all and get yourself mentally ready for some serious volitility as we mavigate through a Qtr ending Option and Futures OE period!?
Regards,
nm
For your viewing pleaseure, da-OEPM 4cast?
Date Open High Low Close
18-May 46.48 46.71 46.38 46.71
21-May 46.74 47.24 46.67 47.01
22-May 47.04 47.28 46.87 47.05
23-May 47.19 47.37 46.82 46.83
24-May 46.86 47.04 45.97 46.16
4cast
25-May 46.26 46.36 46.11 46.35
46.67 x 1.025 = 47.83
The Pattern recognition program is suggesting a new low by Friday vs. a new high?
That said, it is NOT all that uncommon for price to come back to the OE Pivot for a breif visit, hence, we be watching the fall of said Pivot at 46.71 before a confirmation of this corrective wave?
Best of trades AL,
nm
Not yet, BUT, we MSUT be cognizant of a changing wave pattern that would suggest such a scenario is in play?
For MUCH of the ENTIRE time betweem 01Mmar until today the PUT premiums have be nearly ZERO on in the money puts, this has 4cast more UP to come?
BUT, as of today premiums are reversing and PUT premiums are on the rise and call premiums are loosing ground? Since da-boyz set the pricing and they also control the price of stocks, we must submit to the fact that they are now marking put options UP and this suggest we be going down?
Gleno... this is the real thing and its ONLY da-boyz and price that will dictate if it ends up being as bad as 27Feb?
This UP action is the infamous, "Get positioned for a Fall" move by da-Boyz so things look to be setting up for UGLY for da-Bulls?
nm
Gleno... Option premiums are on da-Rise, not a good sign for da-bulls!?
It appears da-boyz are using the Dow to paint a pretty Picture this morning but its not even been an hour of trading yet so the day has plenty of volatiilty 4cast?
nm
OEPM 4cast-r still good to go?
Date Open High Low Close
18-May 46.48 46.71 46.38 46.71
21-May 46.74 47.24 46.67 47.01
22-May 47.04 47.28 46.87 47.05
23-May 47.19 47.37 46.82 46.83
4cast
24-May 46.86 47.14 46.34 46.34
25-May 46.34 46.55 46.29 46.54
Let's see if da-Boyz can Get-r Done?
Wkly stuff?
Wkly Pivot, 46.71, close on 18May
High, 47.37, up 1.4%, 23May
Low, 46.67, dn -0.1%, 21May
Spread, 0.70, 1.5% movement
We can extrapolate a new low using the average wkly PM of 2.5?
47.37 x .975 = 46.19
This new low of 46.19 would be well within the normal PM of 2.5% without violating anyOEPM rules!
We can also extrapolate a new high using the low posted on 21May?
46.67 x 1.025 = 47.83
The Pattern recognition program is suggesting a new low by Friday vs. a new high?
That said, it is NOT all that uncommon for price to come back to the OE Pivot for a breif visit, hence, we be watching the fall of said Pivot at 46.71 before a confirmation of this corrective wave?
Best of trades AL,
nm
Neg D is relative as price will dictate and since price is a function of da-Boyz we can extrapolate more up to come?
This corrective wave is currently 4cast to last through Friday with a possible double reversal next wk?
Our first target is 46.71 (OE pivot), with the S1, 46.13, as our second target, maybe today more likely Friday?
Yo Footster, yeah I think we had a 5 to 1 put ratio Mon or Tues and that usually suggest a Corrective wave in 2-3 days?
I do think this is just a pre-Holiday corrective wave that will GAP open on Tuesday if all is ok come Tuesday morning?
The OEPM 4cast-r spit out this at the close?
Let's see if da-Boyz can get-r DONE?
nm
Date Open High Low Close
18-May 46.48 46.71 46.38 46.71
21-May 46.74 47.24 46.67 47.01
22-May 47.04 47.28 46.87 47.05
23-May 47.19 47.37 46.82 46.83
4cast
24-May 46.84 47.14 46.34 46.34
25-May 46.34 46.55 46.29 46.54
Q's backtesting 47.05, may even make it to 47.10 before continuing the FREE-FALL!?
Expecting some serious Selling to kick in before the day ends!?