Speaking of...msft goes ex-div 2/15 I believe...extra bonus. The
weekly chart shows it breaking above a serious trendline, maybe
stalled at a weekly fib for now.
You are right on, love the quote. And it's so true...position
sizing and money management is more important than the indicators I
think. Most new traders don't get that!
I don't know the exact statistic but over the longer time
frames, I know markets go up like 75% vs down maybe 25%. (just an
observation) The downs happen fast and can be exciting and
rewarding but much more difficult to time, from my experience.
There are more players on the upside when it comes to large
trades like in 401Ks which don't usually give one an option to
short.
My guess is that we finish strong today with all the squeezin
that may be going on. Tomorrow may be a different story and may
sell the Aapl earnings news; "buy the rumor, sell the news" type of
thing.
I think the need for update on the systems is a perfect reason
to have a separate area of this website dedicated to the systems
traders only. I know I can search Matt or sometimes Steve on
the blog and skim through for systems comments but sometimes I miss
them as well. It would help very much to have somewhere to look on
the website.
I know there is talk of expansion of the systems to cover more
etf's but I think just to have steady reliable commentary on SPY
(or leveraged etf) or MES would be helpful. All this is being
said by someone who has been trading within the signals and done
well so no complaints but for those who truly want to follow them
by the book, it would help on a day like today to see a quick
comment on a dedicated space about whether there is a stop or a
third signal, etc.
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!
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.
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
way!
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.
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
gyrations.
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.
The community is delayed by three days for non registered users.
Speaking of...msft goes ex-div 2/15
MSFT +10 today Gates can buy a few more farms
Posted by cozz101 on 7th of Feb 2023 at 03:22 pm
Speaking of...msft goes ex-div 2/15 I believe...extra bonus. The weekly chart shows it breaking above a serious trendline, maybe stalled at a weekly fib for now.
You are right on, love
ES DVDS short update
Posted by cozz101 on 7th of Feb 2023 at 09:42 am
You are right on, love the quote. And it's so true...position sizing and money management is more important than the indicators I think. Most new traders don't get that!
Thanks for the thoughts Matt,
DVDS system update and some other comments
Posted by cozz101 on 3rd of Feb 2023 at 09:37 am
Thanks for the thoughts Matt, well said!
I don't know the exact statistic but over the longer time frames, I know markets go up like 75% vs down maybe 25%. (just an observation) The downs happen fast and can be exciting and rewarding but much more difficult to time, from my experience. There are more players on the upside when it comes to large trades like in 401Ks which don't usually give one an option to short.
My guess is that we
VIX just went green.
Posted by cozz101 on 2nd of Feb 2023 at 01:21 pm
My guess is that we finish strong today with all the squeezin that may be going on. Tomorrow may be a different story and may sell the Aapl earnings news; "buy the rumor, sell the news" type of thing.
Take care Matt; maybe it's
The systems returned thousands of points in the past year. ...
Posted by cozz101 on 2nd of Feb 2023 at 11:13 am
Take care Matt; maybe it's food poisoning or GI bug? Regardless, those are always the worst. Feel better soon!
I think the need for
Whoever is doing the newsletter tonight, can you please comment ...
Posted by cozz101 on 1st of Feb 2023 at 07:57 pm
I think the need for update on the systems is a perfect reason to have a separate area of this website dedicated to the systems traders only. I know I can search Matt or sometimes Steve on the blog and skim through for systems comments but sometimes I miss them as well. It would help very much to have somewhere to look on the website.
I know there is talk of expansion of the systems to cover more etf's but I think just to have steady reliable commentary on SPY (or leveraged etf) or MES would be helpful. All this is being said by someone who has been trading within the signals and done well so no complaints but for those who truly want to follow them by the book, it would help on a day like today to see a quick comment on a dedicated space about whether there is a stop or a third signal, etc.
Are we seeing any SPY
Current daily candles on SPY/QQQ hanging man (getting stretched from ...
Posted by cozz101 on 26th of Jan 2023 at 02:57 pm
Are we seeing any SPY system signals to go along with that hanging man?
I wish I could have
We should all call our power company and see if ...
Posted by cozz101 on 25th of Jan 2023 at 08:57 pm
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
SPY and ES systems update and early heads up
Posted by cozz101 on 13th of Jan 2023 at 03:44 pm
Is this ES short trade version 1 or 2 of the Hi Mid Lo?
If you have access to
Does anyone have access to real-time data on $NAMO and ...
Posted by cozz101 on 12th of Jan 2023 at 02:24 pm
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
Posted by cozz101 on 4th of Jan 2023 at 10:13 am
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
QQQ next bar open strategy
Posted by cozz101 on 4th of Jan 2023 at 09:22 am
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 way!
Wow, thanks for the perspective
Here are some snapshots of 21 day moving average of ...
Posted by cozz101 on 22nd of Dec 2022 at 10:12 am
Wow, thanks for the perspective with the charts!
Which makes me wonder about
I bet high PUT CALLS yesterday due to smart money ...
Posted by cozz101 on 22nd of Dec 2022 at 09:14 am
Which makes me wonder about the smart money knowing data results before other traders! It happened recently on the CPI number.
Smart move, congrats! I have
This $CPCE chart is insane. I would say it's bullish, ...
Posted by cozz101 on 22nd of Dec 2022 at 09:13 am
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
This $CPCE chart is insane. I would say it's bullish, ...
Posted by cozz101 on 22nd of Dec 2022 at 09:01 am
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.
https://www.forbes.com/sites/georgecalhoun/2022/12/05/the-putcall-ratio-of-market-sentiment-went-crazy-in-november-what-can-it-mean/?sh=330d8b3a3e2a
https://seekingalpha.com/article/4563739-equity-putcall-ratio-in-uncharted-territory
forbes.com
The Put/Call Ratio Of Market Sentiment Went Crazy In November: What Can It Mean?
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
This $CPCE chart is insane. I would say it's bullish, ...
Posted by cozz101 on 22nd of Dec 2022 at 08:48 am
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 gyrations.
Thanks Matt, since we consolidated
SPY and ES systems open trades
Posted by cozz101 on 21st of Dec 2022 at 04:11 pm
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
HUGE bump up in put calls to 1.60 this last ...
Posted by cozz101 on 21st of Dec 2022 at 03:34 pm
Thanks for your advice. Is there a chart link for that or a setting/symbol in stockcharts?
Any guidance on the systems,
Posted by cozz101 on 21st of Dec 2022 at 03:20 pm
Any guidance on the systems, Matt? Are they still looking to exit?