Is_"Filling-The-Gap"_Possibly_Obsolete for some ETFs?
What is the theory behind it. I recall it being that there
a a number of "left over" and "unfulfilled" buyers and sellers
orders "in the gap" that did not get filled, since it did not trade
all night. So, seems still valid for most stocks. But
for SPY, for example, it trades 24x5 (all night), so does the "fill
the gap" still apply? and... what is the theory behind it?
[we got a huge gap below to consider] Thanks!
It is a slow day in the small Texas town of Mustang, and streets
are deserted. With the Coronavirus, Times are tough,
everybody is in debt, and everybody is living on credit. A
tourist visiting the area (wearing a mask) drives through town
stops at the motel and lays a $100 bill (stimulus loan) on the desk
saying he wants to inspect the rooms upstairs so as to pick one for
the night. As soon as he walks upstairs, the motel owner
grabs the $100 bill and runs next door to pay his debt to the
butcher, and puts another steak on his bill. The butcher
takes the $100 and runs down the street to retire his debt to the
pig farmer, and orders another leg of lamb on his account.
The pig farmer takes the $100 and heads off to pay his bill
with his supplier, the Co-op, and gets another bail of hay on his
account. The guy at the Co-op takes the $100 and runs to pay
his debt to the local prostitute, who has also been facing hard
times and has had to offer her “services” on credit, and gets
another quickie on account. The hooker rushes to the hotel
and pays off her room bill with the hotel owner, and makes a
reservation for Friday. The hotel proprietor then places the
$100 back on the counter so the traveler will not suspect anything.
At that moment the traveler comes down the stairs, states
that the rooms are not satisfactory, picks up the $100 bill
(stimulus loan repaid) and leaves. No one produced anything.
No one earned anything. However, the whole town is
now out of debt, paid $7 each in sales tax to County, $20 each in
income tax feds, and looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how a stimulus package
works.
(the beauty of M2 and they money supply multiplier)
Yes, but part of this is a bit of "herd effect", so if EVERYONE
else is only charting the cash day markets, then I definitely only
want to do the same!! So, I am hearing that 80-90% of
technical trading is done on Day Cash Market Charts (big fund
traders, quants, brokerage houses....) TRUE?? If so, I want
that to me my style too : ) Thanks.
Extended Hours Do Not Count? Why? If you include
After Hours and Extended Hours, you often come to conclusions at
different price levels. Why not include them? They seem
like valid prices and transactions? Does everyone ignore them
in Technical Analysis, or is that just a BreakPointTrade, Matt,
Steve thing? (maybe a rookie question :) Need education
tip on Why? thanks.
Example: TD Ameritrade think or Swim shows Monday Low of SPY at
277.63, but normal hours at about 279.13
Cash Bills will be shunned for a while. I was reading that
some retailers, as a precaution, are not going to take cash bills!.
plus for FinTech V, MA, PYPL, SQ.... maybe Bitcoin
GBTC
Aside from trading, I am considering now placing a hedge against
my long term long holdings. Would you do SH (S&P short)
or SPY Short?
SH pays a quarterly dividend of 1.39%, but does it decay
deteriorate (nightly or weekly) due to lost time value of futures
and options underneath? KEY QUESTION HERE.
SPY short would mean I would have to payout the 2.06% dividend
quarterly. Hence, I am leaning SH. Thoughts?
Decay deteriorates?
SH Question #2 - do they just short SPY for you? or is it
comprised of complex derivatives, futures, and options? How
do they pay you 1.39%? (where does that revenue come to
them?)
(side question - how do you post a spreadsheet? Seems to
only like links or JPG)
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OK, Sure ,AMZN, APPL, MSFT
Posted by Walt on 26th of May 2020 at 11:34 am
OK, Sure ,AMZN, APPL, MSFT maybe up not as much as S&P, but down??!!??? Market is always a puzzle.
Wow, SPX Small Fakout Up,
Posted by Walt on 20th of May 2020 at 03:10 pm
Wow, SPX Small Fakout Up, then Big Fakeout UP, fooled me.
Is_"Filling-The-Gap"_Possibly_Obsolete for some ETFs? What is
Posted by Walt on 19th of May 2020 at 04:04 pm
Is_"Filling-The-Gap"_Possibly_Obsolete for some ETFs?
What is the theory behind it. I recall it being that there a a number of "left over" and "unfulfilled" buyers and sellers orders "in the gap" that did not get filled, since it did not trade all night. So, seems still valid for most stocks. But for SPY, for example, it trades 24x5 (all night), so does the "fill the gap" still apply? and... what is the theory behind it? [we got a huge gap below to consider] Thanks!
Why Sudden Sell Off??
Posted by Walt on 19th of May 2020 at 02:57 pm
Why Sudden Sell Off??
SPY SPX Quick Whipsaw out
Posted by Walt on 19th of May 2020 at 02:06 pm
SPY SPX Quick Whipsaw out of nowhere!
AMZN_GOOGL_NFLX left behind - anyone
Posted by Walt on 18th of May 2020 at 09:42 am
AMZN_GOOGL_NFLX left behind - anyone have idea why? Considering they are 15% of S&P
SPY Trend or Resistance Tough
Posted by Walt on 18th of May 2020 at 09:39 am
SPY Trend or Resistance Tough Call
Normally, I would sell SPY into this obvious resistance, but as Matt pointed out, gaps up usually have follow through. humm... guess I will wait.
Lots of SPY Fake-Outs This
Posted by Walt on 15th of May 2020 at 02:51 pm
Lots of SPY Fake-Outs This Afternoon :)
SPY_5min_and_1min_Classic_Head_And_Shoulders_with_Head_at_Double_Top Peaked at yesterday's high As
SPY_5min_and_1min_Classic_Head_And_Shoulders_with_Head_at_Double_TopPeaked at yesterday's high at Bearish Neckline Now ...
Posted by Walt on 15th of May 2020 at 10:56 am
SPY_5min_and_1min_Classic_Head_And_Shoulders_with_Head_at_Double_Top Peaked at yesterday's high
As Matt and Steve would say... come on guys, this is easy obvious stuff : )
SPY_5min_and_1min_Classic_Head_And_Shoulders_with_Head_at_Double_Top Peaked at yesterday's high
Posted by Walt on 15th of May 2020 at 10:34 am
SPY_5min_and_1min_Classic_Head_And_Shoulders_with_Head_at_Double_Top
Peaked at yesterday's high at Bearish Neckline Now and it broke below the uptrend channel. now trending sideways at neckline 2835 (283.5) to decide
UPDATE: BROKE NECKLINE DOWN
AFTER-MARKET-HUMOR__GDP_has_been_replaced_by_loans_and_stimulus Stimulus Package, Accounting, and Texas Humor It
Posted by Walt on 13th of May 2020 at 07:11 pm
AFTER-MARKET-HUMOR__GDP_has_been_replaced_by_loans_and_stimulus
Stimulus Package, Accounting, and Texas Humor
It is a slow day in the small Texas town of Mustang, and streets are deserted. With the Coronavirus, Times are tough, everybody is in debt, and everybody is living on credit. A tourist visiting the area (wearing a mask) drives through town stops at the motel and lays a $100 bill (stimulus loan) on the desk saying he wants to inspect the rooms upstairs so as to pick one for the night. As soon as he walks upstairs, the motel owner grabs the $100 bill and runs next door to pay his debt to the butcher, and puts another steak on his bill. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer, and orders another leg of lamb on his account. The pig farmer takes the $100 and heads off to pay his bill with his supplier, the Co-op, and gets another bail of hay on his account. The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit, and gets another quickie on account. The hooker rushes to the hotel and pays off her room bill with the hotel owner, and makes a reservation for Friday. The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything. At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill (stimulus loan repaid) and leaves. No one produced anything. No one earned anything. However, the whole town is now out of debt, paid $7 each in sales tax to County, $20 each in income tax feds, and looks to the future with a lot more optimism. And that, ladies and gentlemen, is how a stimulus package works.
(the beauty of M2 and they money supply multiplier)
Elevator Down has arrived I
SPX 5 min
Posted by Walt on 13th of May 2020 at 03:20 pm
Elevator Down has arrived I believe
This SPY channel is driving
SPX 5 min
Posted by Walt on 13th of May 2020 at 03:07 pm
This SPY channel is driving me crazy. It is just begging to go lower, but just will not GO!
Yes, but part of this
Filled the open gap
Posted by Walt on 13th of May 2020 at 01:02 pm
Yes, but part of this is a bit of "herd effect", so if EVERYONE else is only charting the cash day markets, then I definitely only want to do the same!! So, I am hearing that 80-90% of technical trading is done on Day Cash Market Charts (big fund traders, quants, brokerage houses....) TRUE?? If so, I want that to me my style too : ) Thanks.
Extended Hours Do Not Count?
Filled the open gap
Posted by Walt on 13th of May 2020 at 12:39 pm
Extended Hours Do Not Count? Why? If you include After Hours and Extended Hours, you often come to conclusions at different price levels. Why not include them? They seem like valid prices and transactions? Does everyone ignore them in Technical Analysis, or is that just a BreakPointTrade, Matt, Steve thing? (maybe a rookie question :) Need education tip on Why? thanks.
Example: TD Ameritrade think or Swim shows Monday Low of SPY at 277.63, but normal hours at about 279.13
SPY great easy short trade,
SPX 5 Updated View
Posted by Walt on 12th of May 2020 at 01:23 pm
SPY great easy short trade, thanks!! for confirming my same narrow channel...energy was building
Watching the Market feels like
Posted by Walt on 8th of May 2020 at 05:02 pm
Watching the Market feels like this hilarious Pandemic Horse Race Video
Make sure you put on the sound. Pandemic Economic Horse Race (Twitter video)
Cash Bills will be shunned
Posted by Walt on 6th of May 2020 at 10:59 am
Cash Bills will be shunned for a while. I was reading that some retailers, as a precaution, are not going to take cash bills!. plus for FinTech V, MA, PYPL, SQ.... maybe Bitcoin GBTC
MRAM Coiling for a break
Posted by Walt on 6th of May 2020 at 10:56 am
MRAM Coiling for a break either way
SH_or_SPYshort_which is better for 3-6
Posted by Walt on 5th of May 2020 at 05:13 pm
SH_or_SPYshort_which is better for 3-6 months?
Aside from trading, I am considering now placing a hedge against my long term long holdings. Would you do SH (S&P short) or SPY Short?
SH pays a quarterly dividend of 1.39%, but does it decay deteriorate (nightly or weekly) due to lost time value of futures and options underneath? KEY QUESTION HERE.
SPY short would mean I would have to payout the 2.06% dividend quarterly. Hence, I am leaning SH. Thoughts? Decay deteriorates?
SH Question #2 - do they just short SPY for you? or is it comprised of complex derivatives, futures, and options? How do they pay you 1.39%? (where does that revenue come to them?)
(side question - how do you post a spreadsheet? Seems to only like links or JPG)