3309 Drysdale Ct
Edwardsville, IL 62025
I wish I could have your bill! I was recently shocked by my
natural gas heating bill at a second home in Virginia. It is
Columbia Gas and the bill was $490 for one month! The home has two
furnaces but really? We weren't even living there and the heat was
set at 70. (now a lot lower while no one is there)
I think on the contrary, Gas companies are increasing the price
of natural gas to make up for losses possibly? If you don't really
shop around for a supplier, this type of thing's gonna happen!
Is this ES short trade version 1 or 2 of the Hi Mid
If you have access to TOS the charts allow the NYSE Mclellan
Oscillator (nymo) and the Nasdaq (namo) to be added to any chart. I
use them on the etf indexes. It is very helpful and shows good
divergences too. Both are at at very high levels at the moment.
Looks a bit different than stockcharts though.
The Generals are going down (MSFT, AAPL, etc), wonder if this is
a sign we are close to a tradeable bottom?
I am NOT saying we are there yet!!
I was wondering how the big gaps we have seen on opening prices
in the last year would affect that aspect of the system.
Looking forward to the final product and I'm sure you will find a
Wow, thanks for the perspective with the charts!
Which makes me wonder about the smart money knowing data results
before other traders! It happened recently on the CPI
Smart move, congrats! I have to wonder if the numbers are
predicting something for the next quarter, which is a little
further out than a quick swing trade.
Here are a couple articles I found on the phenomenon. This is
historic and apparently these readings haven't been this high
or volatile for at least 5 years.
The ratio of Put options (negative sentiment) to Call options (positive sentiment) is a powerful and accurate market indicator. It correctly predicted the latest 20% rally in the market since Sept 30. But last month the PCR went berserk. Does it signal some important change in the market regime?
I've yet to hear anyone really know and explain the reasoning
for such high put/call numbers. So far some have suggested:
ODTE trading (which has been going on pretty much all year),
Arbitrage (not sure, how that works), people trading options is
increasing (this would have been much worse during the pandemic
imo) and my guess is that maybe traders are spinning off long term
options for tax losses and repositioning with puts?
All I know is that the indicator kept me from taking a short
position on this last move and was wrong. I'm not sure if I
know how to use the data anymore or if it's helpful due to the wild
Thanks Matt, since we consolidated the gains today in the last
couple hours maybe we'll get another push up tomorrow (and with
hopeful continuation of Christmas rally). I'm gonna hold here and
follow the system.
Thanks for your advice. Is there a chart link for that or a
setting/symbol in stockcharts?
Any guidance on the systems, Matt? Are they still looking to
Wouldn't a high put/call normally indicate low current price and
possible rally (with so many buying puts)? Lately with the wild
swings, not sure if I trust it.
I've been wondering if this indicator has lost it's mojo...
Don't mean the tabs for the trades/stats...I mean a separate
section under the community where we can go to see if there is any
discussion on the systems. Just called it a tab but I'm talking
about the separate section for discussion you guys talked about
Thanks for the stats on this. Looks like a good
I think once we get a separate tab or area of the website for
the SPY/ES stuff, it's going to be a lot easier to follow. I like
the heads up on the blog but sometimes I miss the post due to need
to filter through messages. Hope we can get this in the new year.
Happy Holidays everyone!
Thanks for posting that; pretty short term oversold.
Wondering how much of this selling is last ditch tax loss
selling effort? I know the bigger fish have already done this but
thinking some of the retail investors are doing so. They used to
call this the "free lunch" on wall street for buyers but not sure
how that applies in this bear market.
On ES do you mean 1st entry long? Maybe a set up for a Christmas
REALLY appreciate the candor and I think a trader can't grow
without analyzing like this. To me it's not about who made the best
call when, it's about how to use the past to make the future more
successful. The systems are pretty cool and probably should
be left alone but the emotion it must take to do this (especially
when you have subscribers that rely on it) has to be over the
We are lucky to have you willing to share these systems and your
thinking on how to trade them (in real time)!
On another note, I was totally ready to take a decent short
position yesterday on some big divergences on the indicators but
held back due to the put/call being so high. It confused me so I
just decided to do nothing....haha, kicking myself today.
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