One point he makes in support of his deflation call, is that he
expects USA to eventually pay down the national debt.
I find nothing to indicate that, that will ever happen.
LOL I took an additional 700 shares SPY long, and then realized
I meant to get just 70 shares, Was able to sell off
desired quantity at minor profit, LOL
ES 2 PC move overnight, I knew there was "news" when I saw this,
figured it was Israel bombing Iran.....Silver also made a huge move
up, Gold not as much.
Also noted in the last several years the explosion of Paper
Precious Metal, like 400% growth. "They" use these to limit
to price of physical metals, and I have assumed for quite a while,
that at some point they will lose control, and then gold could see
$5000 and silver to $45 or $50 and that is just the near time, and
then as always a blow off top and then a mutli-year correction.
What sayeth y'all?
Schwab is buying out TD Ameritrade, and so Thinkorswim is
changing hands yet again, I hope they don't gut it as being a too
powerful tool for the plebs to use.
Matt or Steve, your thoughts.... is this a legitimate wedge and
should we expect a MACD divergence to increase our confidence, or
lack of MACD-D would negate the wedge?
Options expiration (OPEX) can indeed introduce increased
volatility and trading activity in the stock market, particularly
in the options market. Here are some general observations and
truths about OPEX:
Increased Volatility: OPEX tends to coincide with
higher levels of volatility in the market. This is because options
traders often adjust or close out their positions before
expiration, leading to increased buying or selling activity, which
can impact stock prices.
Option Pinning: Option pinning refers to the
tendency of stock prices to gravitate towards strike prices with
high open interest as expiration approaches. This can result in the
stock price being "pinned" close to these strike prices, leading to
predictable movements.
Higher Trading Volume: OPEX days typically see
higher-than-average trading volumes as traders close out or roll
over their options positions. This increased trading activity can
further contribute to volatility in the market.
Delta Hedging: Market makers and institutional
traders often engage in delta hedging strategies around OPEX to
manage their exposure to options positions. This can lead to
additional buying or selling pressure on the underlying stocks,
affecting their prices.
Rolling Options: Many traders roll their options
positions forward by closing out expiring contracts and opening new
ones with later expiration dates. This rolling activity can
influence short-term price movements as traders adjust their
positions.
Price Reversion: Some traders anticipate price
reversals or adjustments after OPEX as the market absorbs the
expiration-related trading activity. This can lead to short-term
trading opportunities based on the expectation of price
reversion.
Earnings Impact: OPEX coinciding with earnings
releases can amplify volatility. Traders may use options strategies
to capitalize on or hedge against potential earnings-related price
movements, adding another layer of complexity to OPEX trading.
For those who missed it last few weeks, GDX is not a good
vehicle on the KISS STS, but who has the cajones to go long anyway,
LOL, KISS STS went long today.
I took a position in CIB yesterday based on KISS STS, and "the
look"
Now the question is, place a stop just below the upper channel
line, lets get 5 comments back on how you guys would handle this,
going into the weekend.
Rule 2: Check at least 2 or 3 years back to see how the STS KISS
system worked on that equity, for instance, GDX doesnt work, EBAY
was indicated as long today with STS, but its a dog too, see
chart.
Rule 3, check when earning is. If too close, its a
gamble, I prefer not to gamble, EBAY earning is Feb 27th
Rule 4. There will be a vertical dashed line put on the
chart, but not the same day a long is issued, probably the next
day.
Rule 5. A light blue line will be placed on the chart at
the termination of the trade, which will always be a stop out,
Upward slope means it was a profit, downward slope means it was a
loss.
Rule 6: The high performance STS is not yet active. It
will operate on multiple intraday time-frames, allowing trades to
close during the day.
Rule 7: email alerts are sent out after close of market, most
Symbols will not be buyable that day as market is closed.
Strategy is to buy at market open, unless something bat sheet crazy
is occurring.
Rule 8: Me loves a bull market, who doesn't? Only Tim
Knight the Bear.
That means that it went long, LOL. It doesn't appear
immediately, nto sure if Matt has to put it in manually, or if
automatic but delayed into the next day. A's mean
amateur hour.
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EUR /USD
Posted by steveo on 24th of Apr 2024 at 08:32 pm
EUR /USD
Why am I struggling to
Posted by steveo on 24th of Apr 2024 at 08:32 pm
Why am I struggling to find a ticker for US Dollar futures to use on thinkorswim? Charts are Cable
One point he makes in
https://youtu.be/-HmGhnIhxaU?si=gEM4Z1B-AOzSgklz
Posted by steveo on 24th of Apr 2024 at 07:51 pm
One point he makes in support of his deflation call, is that he expects USA to eventually pay down the national debt. I find nothing to indicate that, that will ever happen.
Indeed, and anyone calling a
What does the Gov do if the economy gets squirrely ...
Posted by steveo on 24th of Apr 2024 at 07:42 pm
Indeed, and anyone calling a market top in the face of bat shit crazy spending and inflation, is, I think, on shaky grounds.
Volume on RETL is scary
KISS systems updated
Posted by steveo on 19th of Apr 2024 at 11:22 pm
Volume on RETL is scary low. Those are the ones that whipsaw me
Mahalo! Printed to ponder on
KISS systems updated
Posted by steveo on 19th of Apr 2024 at 10:24 pm
Mahalo! Printed to ponder on Monday
LOL I took an additional
Additional SPY entries?
Posted by steveo on 19th of Apr 2024 at 10:22 pm
LOL I took an additional 700 shares SPY long, and then realized I meant to get just 70 shares, Was able to sell off desired quantity at minor profit, LOL
Watch those fat fingers!
ES 2 PC move overnight,
Posted by steveo on 19th of Apr 2024 at 02:10 am
ES 2 PC move overnight, I knew there was "news" when I saw this, figured it was Israel bombing Iran.....Silver also made a huge move up, Gold not as much.
So the depth of the
This chart I posted on 8/2023 has kept me in ...
Posted by steveo on 19th of Apr 2024 at 02:09 am
So the depth of the cup is around 900 points, would that be a good expected move, or what other factors to consider? Thanks!
SPX is at 34 RSI14
Posted by steveo on 18th of Apr 2024 at 07:03 pm
SPX is at 34 RSI14 Daily, it has popped off this point in last 12 months, but we have OPEX so we shall see
RSG has worked off it's
Posted by steveo on 18th of Apr 2024 at 07:02 pm
RSG has worked off it's RSI14Daily overbought, and could benefit from a pop in the SPX methinks
Also noted in the last
CCI Divergence may trigger long on ES futures for mean reversion
Posted by steveo on 18th of Apr 2024 at 05:41 pm
Also noted in the last several years the explosion of Paper Precious Metal, like 400% growth. "They" use these to limit to price of physical metals, and I have assumed for quite a while, that at some point they will lose control, and then gold could see $5000 and silver to $45 or $50 and that is just the near time, and then as always a blow off top and then a mutli-year correction. What sayeth y'all?
Schwab is buying out TD Ameritrade, and so Thinkorswim is changing hands yet again, I hope they don't gut it as being a too powerful tool for the plebs to use.
Matt or Steve, your thoughts.... is this a legitimate wedge and should we expect a MACD divergence to increase our confidence, or lack of MACD-D would negate the wedge?
I had AI clarify some
Posted by steveo on 18th of Apr 2024 at 05:13 pm
I had AI clarify some OPEX ideas,
Options expiration (OPEX) can indeed introduce increased volatility and trading activity in the stock market, particularly in the options market. Here are some general observations and truths about OPEX:
Increased Volatility: OPEX tends to coincide with higher levels of volatility in the market. This is because options traders often adjust or close out their positions before expiration, leading to increased buying or selling activity, which can impact stock prices.
Option Pinning: Option pinning refers to the tendency of stock prices to gravitate towards strike prices with high open interest as expiration approaches. This can result in the stock price being "pinned" close to these strike prices, leading to predictable movements.
Higher Trading Volume: OPEX days typically see higher-than-average trading volumes as traders close out or roll over their options positions. This increased trading activity can further contribute to volatility in the market.
Delta Hedging: Market makers and institutional traders often engage in delta hedging strategies around OPEX to manage their exposure to options positions. This can lead to additional buying or selling pressure on the underlying stocks, affecting their prices.
Rolling Options: Many traders roll their options positions forward by closing out expiring contracts and opening new ones with later expiration dates. This rolling activity can influence short-term price movements as traders adjust their positions.
Price Reversion: Some traders anticipate price reversals or adjustments after OPEX as the market absorbs the expiration-related trading activity. This can lead to short-term trading opportunities based on the expectation of price reversion.
Earnings Impact: OPEX coinciding with earnings releases can amplify volatility. Traders may use options strategies to capitalize on or hedge against potential earnings-related price movements, adding another layer of complexity to OPEX trading.
Are there any general truths
CCI Divergence may trigger long on ES futures for mean reversion
Posted by steveo on 18th of Apr 2024 at 05:10 pm
Are there any general truths to OPEX, or maybe just more volatility than normal? OPEX Tomorrow
Matt, do we have another
CCI Divergence may trigger long on ES futures for mean reversion
Posted by steveo on 18th of Apr 2024 at 04:19 pm
Matt, do we have another long on the CCI?
For those who missed it
Posted by steveo on 5th of Mar 2024 at 06:31 pm
For those who missed it last few weeks, GDX is not a good vehicle on the KISS STS, but who has the cajones to go long anyway, LOL, KISS STS went long today.
My ES Channel, perfect ping at the bottom.
Matt, your family including your
Posted by steveo on 5th of Mar 2024 at 06:25 pm
Matt, your family including your father is in my prayers, stay strong for your family.
I took a position in
Posted by steveo on 23rd of Feb 2024 at 03:14 pm
I took a position in CIB yesterday based on KISS STS, and "the look"
Now the question is, place a stop just below the upper channel line, lets get 5 comments back on how you guys would handle this, going into the weekend.
Here are the rules of
To Matt or Steve is there a chance that we ...
Posted by steveo on 22nd of Feb 2024 at 01:41 pm
Here are the rules of KISS STS to live by
Rule 1: There is no KISS system (Tyler Durden)
Rule 2: Check at least 2 or 3 years back to see how the STS KISS system worked on that equity, for instance, GDX doesnt work, EBAY was indicated as long today with STS, but its a dog too, see chart.
Rule 3, check when earning is. If too close, its a gamble, I prefer not to gamble, EBAY earning is Feb 27th
Rule 4. There will be a vertical dashed line put on the chart, but not the same day a long is issued, probably the next day.
Rule 5. A light blue line will be placed on the chart at the termination of the trade, which will always be a stop out, Upward slope means it was a profit, downward slope means it was a loss.
Rule 6: The high performance STS is not yet active. It will operate on multiple intraday time-frames, allowing trades to close during the day.
Rule 7: email alerts are sent out after close of market, most Symbols will not be buyable that day as market is closed. Strategy is to buy at market open, unless something bat sheet crazy is occurring.
Rule 8: Me loves a bull market, who doesn't? Only Tim Knight the Bear.
That means that it went
To Matt or Steve is there a chance that we ...
Posted by steveo on 22nd of Feb 2024 at 01:39 pm
That means that it went long, LOL. It doesn't appear immediately, nto sure if Matt has to put it in manually, or if automatic but delayed into the next day. A's mean amateur hour.