3309 Drysdale Ct
Edwardsville, IL 62025
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 are both still open ?
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.
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 decline.....like 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 buying......no 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
Matt, could y'all post a trading view ES supply/demand zone
Was just wondering if anyone knew if there is a symbol in
StockCharts for an EMINI continuous contract ?
Fantastic trade on GS over the last several days !!!
Thanks Matt !!! Sure looking
forward to all those VOL Systems up and running. Thanks
Matt, Thanks for that explanation.....so 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 line in Trading View) supply
zones coming up on the ES ? Thanks !!
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 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 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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