Posted by DigiNomad on 22nd of Apr 2024 at 05:59 pm
HYG - the STS system has a hair trigger on this one going
long!
**I called it out last time it went long also, so at least
I'll be 50% right if it ends up being a good call this time (I
doubt it, but you never know!!)
Posted by DigiNomad on 22nd of Apr 2024 at 05:26 pm
TikTok ban is hilarious - TikTok is threatening to sue over free
speech violations and many Americans are losing it...including Elon
Musk. Meanwhile, China doesn't allow American social media or
Google and their version of TikTok's algorithm is wildly different
than the one American kids are exposed to (wholesome and patriot
programming vs completely the opposite). American Lemmings fighting
to be allowed to be led off a cliff.
Posted by DigiNomad on 22nd of Apr 2024 at 05:12 pm
- I upgraded one of my laptops to 64 GB RAM today.
About an hour after I was done I smelled something weird.
Smelled sort of but not really like something burning, so of
course I assumed I screwed something up in the laptop and went into
panic tear down mode. I got it apart (after bending the frame
a bit because I was in panic mode) but didn't see anything really
out of place, melting, burning, etc. I put it back together, turned
it on and went outside to reset my smeller. I came back in and
there was still a weird smell...but then I noticed it was stronger
when I turned towards the kitchen from the dining room. Well, it
turns out that the AIRBnB I'm staying in has a gas stove (I'm used
to electric) and it was on with no flame!! Problem solved, but holy
crap
Posted by DigiNomad on 22nd of Apr 2024 at 01:55 pm
My thesis has been that the market was frustrated by the Gov's
inability to get Israel and Ukraine funding passed. Look at when
the rally REALLY got moving back in the fall...right when Israel
went into Gaza and the US passed the bill to fund their war. Market
has another huge chunk to work with now...
Posted by DigiNomad on 22nd of Apr 2024 at 11:59 am
NVO - probably a scalp short here, but I'm going to take a
shot long if it pulls back to session VWAP. $124.40 would be
a perfect bear trap area and it's just above VWAP.
Posted by DigiNomad on 22nd of Apr 2024 at 11:46 am
Now that I think about it, its pretty dumb of me to think that
Fed Gov spending is slowing when they just passed a massive
spending bill over the weekend. Much of that will flow to big tech
through direct and indirect Gov contracts. Also, no change at the
border which means continued huge off budget / deficit
spending.
Posted by DigiNomad on 22nd of Apr 2024 at 11:29 am
Earnings - I seem to remember that weeks with big tech reporting
in a downtrending market will typically run up right before or
right after the reports and trap eager bulls. Often vicious traps.
This action right now feels like attempting to shake off the
weak bull hands before the run - which is likely an ill fated run
but could still be very profitable for traders. Market will always
try and trap on both sides to the greatest extent possible.
*My assumption is the big tech earnings will CRUSH. Why
wouldn't they since their biggest customer is the Fed Gov and they
are not price sensitive? The question is whether Gov spending
is accelerating or flattening out. My guess is that the
acceleration is at least slowing.
Posted by DigiNomad on 19th of Apr 2024 at 12:55 pm
LVPB - this is
NOTwhat I would characterize as a bullish light
volume pullback. Volume levels are at previous climax levels
now...and it would seem that we are too early in the trend for it
to be done and at a climax phase (although most of us are expecting
a bounce in the short term). CTA's have been dumping big
time. That particular chart was a GREAT signal and gave about a
day's warning relative to the top. But I think the whole
topping process was just the big guys working their way out little
by little so as to not completely spook the market before
they were ready, and then they let it go once they were positioned
correctly. All the major insiders were selling big time for
the last couple of months.
Posted by DigiNomad on 19th of Apr 2024 at 12:22 pm
Traders are not going to want to go home with any long exposure
with a potential nuclear retaliation cycle actively playing out.
I'm hearing that Israel is not saying anything about being done
yet. It's sometimes their style to keep tight lipped even when they
are done. I suppose it leaves enemies guessing...which can be good
unless the enemy has a credible pre emptive capability.
Posted by DigiNomad on 19th of Apr 2024 at 12:10 pm
I've decided that they are less relevant but they still mark
meaningful levels on my 23 / 5 charts because they are typically
characterized by higher volume and larger price movements.
I've seen too many upside and downside targets achieved and
gaps filled overnight (along with the corresponding price action
that was expected) to think otherwise, but there's always going to
be some disagreement on this point.
Posted by DigiNomad on 19th of Apr 2024 at 11:55 am
Definitely filled on my end. I was trading it actively when it
happened. I'll never get why people ignore so much price
action on an instrument that trades 23 / 5...but to each his own.
And what's this "cash" thing when referring to SPX? Is
there some way to buy SPX shares that I'm not aware of? I'm pretty
sure it's only options, all the time, no matter if it's RTH, ATH or
GTH.
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Cramer says market should go
Just checking......all reversion to mean systems still long ? ...
Posted by DigiNomad on 22nd of Apr 2024 at 06:16 pm
Cramer says market should go higher first before going lower...so we're good.
HYG - the STS system
Posted by DigiNomad on 22nd of Apr 2024 at 05:59 pm
HYG - the STS system has a hair trigger on this one going long!
**I called it out last time it went long also, so at least I'll be 50% right if it ends up being a good call this time (I doubt it, but you never know!!)
TikTok ban is hilarious -
Posted by DigiNomad on 22nd of Apr 2024 at 05:26 pm
TikTok ban is hilarious - TikTok is threatening to sue over free speech violations and many Americans are losing it...including Elon Musk. Meanwhile, China doesn't allow American social media or Google and their version of TikTok's algorithm is wildly different than the one American kids are exposed to (wholesome and patriot programming vs completely the opposite). American Lemmings fighting to be allowed to be led off a cliff.
Totally
- I upgraded one of my laptops to ...
Posted by DigiNomad on 22nd of Apr 2024 at 05:15 pm
Totally
- I upgraded one of
Posted by DigiNomad on 22nd of Apr 2024 at 05:12 pm
- I upgraded one of my laptops to 64 GB RAM today. About an hour after I was done I smelled something weird. Smelled sort of but not really like something burning, so of course I assumed I screwed something up in the laptop and went into panic tear down mode. I got it apart (after bending the frame a bit because I was in panic mode) but didn't see anything really out of place, melting, burning, etc. I put it back together, turned it on and went outside to reset my smeller. I came back in and there was still a weird smell...but then I noticed it was stronger when I turned towards the kitchen from the dining room. Well, it turns out that the AIRBnB I'm staying in has a gas stove (I'm used to electric) and it was on with no flame!! Problem solved, but holy crap
Tagged the trendline to the
SPX 15
Posted by DigiNomad on 22nd of Apr 2024 at 01:58 pm
Tagged the trendline to the penny and rejected...for now. 1st attempt typically fails.
My thesis has been that
Posted by DigiNomad on 22nd of Apr 2024 at 01:55 pm
My thesis has been that the market was frustrated by the Gov's inability to get Israel and Ukraine funding passed. Look at when the rally REALLY got moving back in the fall...right when Israel went into Gaza and the US passed the bill to fund their war. Market has another huge chunk to work with now...
Broke the channel on the
SPX 15
Posted by DigiNomad on 22nd of Apr 2024 at 01:36 pm
Broke the channel on the 15 if redrawn from the 16th forward. Still work to be done in the longer TF channel.
NVO - probably a scalp
Posted by DigiNomad on 22nd of Apr 2024 at 11:59 am
NVO - probably a scalp short here, but I'm going to take a shot long if it pulls back to session VWAP. $124.40 would be a perfect bear trap area and it's just above VWAP.
Now that I think about
Earnings - I seem to remember that weeks with big ...
Posted by DigiNomad on 22nd of Apr 2024 at 11:46 am
Now that I think about it, its pretty dumb of me to think that Fed Gov spending is slowing when they just passed a massive spending bill over the weekend. Much of that will flow to big tech through direct and indirect Gov contracts. Also, no change at the border which means continued huge off budget / deficit spending.
Earnings - I seem to
Posted by DigiNomad on 22nd of Apr 2024 at 11:29 am
Earnings - I seem to remember that weeks with big tech reporting in a downtrending market will typically run up right before or right after the reports and trap eager bulls. Often vicious traps. This action right now feels like attempting to shake off the weak bull hands before the run - which is likely an ill fated run but could still be very profitable for traders. Market will always try and trap on both sides to the greatest extent possible.
*My assumption is the big tech earnings will CRUSH. Why wouldn't they since their biggest customer is the Fed Gov and they are not price sensitive? The question is whether Gov spending is accelerating or flattening out. My guess is that the acceleration is at least slowing.
Looks good. 2.5 Risk Reward
KISS systems updated
Posted by DigiNomad on 19th of Apr 2024 at 10:03 pm
Looks good. 2.5 Risk Reward to what looks like a conservative target.
SPY Point of Control
Posted by DigiNomad on 19th of Apr 2024 at 09:45 pm
SPY Point of Control
OMG - that's the last
SOX Updated
Posted by DigiNomad on 19th of Apr 2024 at 09:44 pm
OMG - that's the last thing we need. But still funny.
LVPB - this is NOTwhat
Posted by DigiNomad on 19th of Apr 2024 at 12:55 pm
LVPB - this is NOTwhat I would characterize as a bullish light volume pullback. Volume levels are at previous climax levels now...and it would seem that we are too early in the trend for it to be done and at a climax phase (although most of us are expecting a bounce in the short term). CTA's have been dumping big time. That particular chart was a GREAT signal and gave about a day's warning relative to the top. But I think the whole topping process was just the big guys working their way out little by little so as to not completely spook the market before they were ready, and then they let it go once they were positioned correctly. All the major insiders were selling big time for the last couple of months.
Yep, that has happened a
Traders are not going to want to go home with ...
Posted by DigiNomad on 19th of Apr 2024 at 12:24 pm
Yep, that has happened a lot in the past.
Traders are not going to
Posted by DigiNomad on 19th of Apr 2024 at 12:22 pm
Traders are not going to want to go home with any long exposure with a potential nuclear retaliation cycle actively playing out. I'm hearing that Israel is not saying anything about being done yet. It's sometimes their style to keep tight lipped even when they are done. I suppose it leaves enemies guessing...which can be good unless the enemy has a credible pre emptive capability.
Negative gamma kicking in now.
Posted by DigiNomad on 19th of Apr 2024 at 12:16 pm
Negative gamma kicking in now. 4980 is the second biggest level for OPEX (5K had the most going into today) .
Note that we're only just under session VWAP because of all the price action overnight. The lower band (1 sigma) is at 4963.
I've decided that they are
Gap? Did we get low enough to fill it a ...
Posted by DigiNomad on 19th of Apr 2024 at 12:10 pm
I've decided that they are less relevant but they still mark meaningful levels on my 23 / 5 charts because they are typically characterized by higher volume and larger price movements. I've seen too many upside and downside targets achieved and gaps filled overnight (along with the corresponding price action that was expected) to think otherwise, but there's always going to be some disagreement on this point.
Definitely filled on my end.
Gap? Did we get low enough to fill it a ...
Posted by DigiNomad on 19th of Apr 2024 at 11:55 am
Definitely filled on my end. I was trading it actively when it happened. I'll never get why people ignore so much price action on an instrument that trades 23 / 5...but to each his own.
And what's this "cash" thing when referring to SPX? Is there some way to buy SPX shares that I'm not aware of? I'm pretty sure it's only options, all the time, no matter if it's RTH, ATH or GTH.