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SBUX still going strong...likely 115 this month. Im out of it now but surprised its been moving concurrent to coffee.  In past coffee runs it acted inverse. 

Great day for selling options

Posted by mitchell on 3rd of Feb 2025 at 11:19 am

Great day for selling options both directions. Has been traders mkt so far this yr and will likely continue. 

10+% from setup. 2 wks, Nice. 

CPC put:call ratio extended below

Posted by mitchell on 21st of Jan 2025 at 12:35 pm

CPC put:call ratio extended below BB at 0.69; McClellan Osc's at upper BBs. 

Nice pop to fill gap. Still more upside IMO. 

IMO...would ladder duration directly via high-quality muni and/or treasury bonds if considering parking $ in bonds.  Small yield enhancement via tax benefits v TLT.

Matt - Do you have

Posted by mitchell on 3rd of Jan 2025 at 09:13 am

Matt - Do you have updated Tick levels? Not sure my levels are complete but I show next big level around 5704ish, in that lower demand zone. 

5min symmetry rejection on cue.

Lots of media chatter about

Posted by mitchell on 26th of Dec 2024 at 09:14 am

Lots of media chatter about Santa rally. Makes me wonder if Santa’s following Kiss systems this yr, will see... From Traders Almanac: Years when there was no Santa Claus Rally tended to precede bear markets or times when stocks hit significantly lower prices later in the year. 

How do you interpret TLT (20yr bonds) monthly completing 5 waves down with positive divergence against this yield (10yr bonds) chart?  Appears TLT has upside corrective move over time, but downside more immediate.   https://schrts.co/pXtBmHmH 

XLE...nice ramp EOD...

Posted by mitchell on 23rd of Dec 2024 at 03:54 pm

XLE...nice ramp EOD...

Based on pre-mkt action,  could be decent rug pull today. short-dated Puts may be interesting hedge here.

No comment in newsletter but

Thursday Newsletter

Posted by mitchell on 19th of Dec 2024 at 09:24 pm

No comment in newsletter but do you guys give significance to the new Buy Cycle dots on Daily and 1/2d charts (Chart 7)?  Seems like this would support a bottom at these levels..?

Bought some XLE EOD, at

Sectors

Posted by mitchell on 18th of Dec 2024 at 08:00 pm

Bought some XLE EOD, at least for bounce. Seems low risk here; Div date approaching. Front running the Renko buy signal. Figure it’s already had a pullback and could be uncorrelated. 

Agreed, Matt leaves that system out for good reason. Anyone who followed that system lost big time during  covid drop (as I did); that particular system is prone to early entry on big pullbacks. The revised Trend system also prone but to lesser degree.   

VIX is on verge of

Posted by mitchell on 29th of Nov 2024 at 11:44 am

VIX is on verge of filling a 4 mo. old gap to downside; after that there are a couple open gaps to upside. 

SBUX nice move up ex-div today. Old open gap around 108 which is my target over time. ~10% upside

had election worker today joke to my kids about changing their vote on their kids fun ballet if she didnt like an answer. Was quite shocked she said that but cant make this stuff up. 

Great day to sell strategic

Posted by mitchell on 31st of Oct 2024 at 11:20 am

Great day to sell strategic short-dated SPY puts; high premiums. 

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