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Steve, was wondering if you

SPX Daily

Posted by rmoore100 on 29th of Aug 2023 at 04:14 pm

Steve, was wondering if you still feel like your daily chart back from 8/17th above is still valid ?   Appears we are now right at that 61.8 resistance level and also right at the bottom of that channel line you've drawn.   Any comments on this would be appreciated.    Thanks

Ok, Thanks Matts !!!     Have a great evening.

Matt, assuming Strap and QE3

Posted by rmoore100 on 23rd of Aug 2023 at 05:07 pm

Matt, assuming Strap and QE3 are both still open ?     Thanks !!

Great Points DigiNomad !!!!

I'll admit, that's something I've had a hard time with....those Pinocchio moves.     Whenever there's, say a support line, I'll try to place a stop several points below that support line, however quite often it executes and then reverses (bear trap).   Is there any general rule of thumb for placing stops to keep these Pinocchio traps from happening ?    Appreciate thoughts from anyone on this.      Many Thanks

Matt, can you post the tradingview link for this support/demand zone chart.   Looks like if we can get over that ES 4384 level, there's a big gap until around 4413, if I'm reading that correctly.    Thanks Matt !!!!

For individual stock shorts (or longs) like this I use a "zebra" option trade to eliminate the need to buy option premium.  For example for that GOOGL trade, at the time of the trade GOOGL was at 133.  So you could sell 1 put at a 133 strike and buy 2 ITM 135 puts.  The sold put premium would eliminate the premium paid for the 2 135 strike puts.   Seems like a descent strategy to serve the purpose of eliminating paying for premium.   The negative regards having to buy an add'l option.

Anyway, just wanted to share this and if anyone has any experience with these and would like to share their thoughts, please do so.   I certainly don't claim to be an options expert.      Thanks again Matt for working up this Volatility System for us with individual stocks !!!!

This GOOGL Vol trade worked out great ..... Thanks Matt !!!

Matt, hope you get to feeling better.   Get some rest this weekend !!!

Certainly agree with you Matt.   I believe the biggest contributing factor to what you've said is that younger investors haven't ever experienced a real major say 57% in 2008.    If you invest in stocks, they will always go up....guaranteed......therefore they have no fear.   Any small declines will eventually be consumed by doubt about it in their minds.   I'm thinking a major major crisis will occur at some point taking everyone by surprise....could be a year or years out, but massive stimulus and government debt to GDP will eventually bring things down.  It only will take some catalyst that no one expects.   When looking at a monthly chart going back, say 30 years, all one has to do is draw a trend line to see how parabolic things have been for the last 15 years, and in particular the last 6 1/2 years.    All in my humble opinion.

Matt, could y'all post a

Posted by rmoore100 on 13th of Jul 2023 at 02:58 pm

Matt, could y'all post a trading view ES supply/demand zone chart.

Was just wondering if anyone

Posted by rmoore100 on 3rd of Jul 2023 at 05:42 pm

Was just wondering if anyone knew if there is a symbol in StockCharts for an EMINI continuous contract ?      Thanks

Fantastic trade on GS over

GS volatility system

Posted by rmoore100 on 29th of Jun 2023 at 05:21 pm

Fantastic trade on GS over the last several days !!!    Thanks Matt !!!       Sure looking forward to all those VOL Systems up and running.   Thanks Again !!!!

Matt, Thanks for that after performing these reviews, 60 and 15 min chart, etc.  if there are no divergences, news, earnings, etc. then it would appear you pull the trigger just before the close ?    Is that correct ?      Thanks !!!!

Are there any significant (white

Posted by rmoore100 on 15th of Jun 2023 at 02:51 pm

Are there any significant (white line in Trading View) supply zones coming up on the ES ?    Thanks !!

This sure looks like a

Posted by rmoore100 on 14th of Jun 2023 at 04:56 pm

This sure looks like a scary chart when viewing the dot.comand financial crisis timeframes.    Different this time ?     Seems like I heard similar talk before in 2000 when everyone was saying PE ratios were unimportant.....rather PS (price to sales) was what really mattered.   In other words, things are different this time from the past.......or are they ????

Matt, was wondering if you

Posted by rmoore100 on 13th of Jun 2023 at 01:48 pm

Matt, was wondering if you could post the link for the ES supply/demand zone chart in tradingview?    Thanks !!!!

Thanks Steve for posting this......some great information.     Where would you suggest is the best place to obtain this data, more in real time, regarding liquidity, in order for us to get a better macro view of what's coming.   And what charts do you feel are the most important.     Thanks Again !!!!

Thanks DigiNomad !!!!    Appreciate that !!!!      Have a great weekend !!!!

Diginomad, was wondering if you've

Posted by rmoore100 on 9th of Jun 2023 at 02:12 pm

Diginomad, was wondering if you've made any adjustments yet on your SPX call credit spreads ?    I was trying to recall what your criteria was for adjs.    Was it when the current loss was twice the amount taken in, or just simply one time (i.e. initial premium received $1.50, now to buy back with a $3.00 loss or to buy back earlier when the buyback itself is $3.00 ?)   Also, I believe you said, for the adjustment, you just double up on the contracts, keep the same expiration, and move the strikes up ?     Thank You


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