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TSN - energy building on this

Posted by timebandit on 5th of Dec 2022 at 10:03 pm

TSN - energy building on this one

$BPCOMPQ has some concerning signs:

Posted by timebandit on 5th of Dec 2022 at 08:51 pm

$BPCOMPQ has some concerning signs: three push to a top divergence on CCI and a MACD kiss from below

I'm sure the newsletter is awesome. Haven't listened yet. Worked late today. It's my next stop after I review charts

Hmm, $SPX McClellan Oscillator closed

Posted by timebandit on 5th of Dec 2022 at 08:45 pm

Hmm, $SPX McClellan Oscillator closed below the lower band. $NYMO is at the lower band, which is flaring down

Stockcharts hasn't updated the ratios yet, but using data from CBOE, the $CPCE put/call ratio closed at 0.755. That suggests buy the dip mentality has set in. We shall see...

On $CPCE, something a little (but only marginally) similar happened in June 2004, when we had a couple of sharp spikes and drops in the ratio during a rally in $SPX, and the BB width got up to the 100 level. But right now the BB width is almost 140. It was below 50 at the beginning of November, which shows just how volatile it has been in the last month.

All I know is the ratios are low as of end of day Friday. These ratios have been ping-ponging between extreme highs and lows the last month in a way that I have been unable to find at any other time through their history. I may be wrong, but my guess would be that this novel behavior is a result of  0DTE options. 

This is probably one of those cases then that the future will be rational only in hindsight. Right now, it is very difficult to draw any conclusions beyond that the ratios are low right now. Who knows? They may be back at the upper Bollinger band by the end of Monday. Not a prediction, just an observation.

Heads up: $CPCE and $CPC

Posted by timebandit on 3rd of Dec 2022 at 06:20 pm

Heads up: $CPCE and $CPC closed at pretty low levels yesterday, 0.58 and 0.84 respectively.

Yes, been following JKS. Nice move so far

On a related note, I'm eyeing OIH here for a short, as this bounce looks like it may be failing at the 20 dma. First target the Bollinger lower band, then the Keltner

Not trading futures. SPY. The

ES Supply Zone 4071-84

Posted by timebandit on 2nd of Dec 2022 at 12:33 pm

Not trading futures. SPY. The levels here are in terms of ES. I try to adjust them to $SPX/SPY by looking at the chart. Often supply zone is on a $SPX chart, which is easy. Screwed it up this time. Still in the trade,. Like the pattern

My bad. See that now.

ES Supply Zone 4071-84

Posted by timebandit on 2nd of Dec 2022 at 12:20 pm

My bad. See that now. I don't have a good source of realtime ES feed so try toadjust. Sometimes badly

Tried a small SPY short

ES Supply Zone 4071-84

Posted by timebandit on 2nd of Dec 2022 at 12:00 pm

Tried a small SPY short at supply. These have been pretty good for trades. We'll see.

IWM has already filled its

Posted by timebandit on 2nd of Dec 2022 at 11:47 am

IWM has already filled its gap. Had a MACD Kiss SS OS buy on the last pullback on 5 min chart

SILJ holding up pretty well

Posted by timebandit on 2nd of Dec 2022 at 11:22 am

SILJ holding up pretty well today

Wary of another bear flag

Posted by timebandit on 2nd of Dec 2022 at 10:54 am

Wary of another bear flag on SPY. I bought some this morning on second move below the horizontal support line and just sold near that upper line. Maybe should have held but didn't like the looks of it

COST - Broke symmetry. Will

Posted by timebandit on 2nd of Dec 2022 at 10:19 am

COST - Broke symmetry. Will look for lower high and potential reshort. Steve's chart from last night's newsletter

Follow up: UUP small gap up and is positive so far. $TNX no gap but white candle so far.

BABA and BIDU nice moves

Posted by timebandit on 2nd of Dec 2022 at 10:02 am

BABA and BIDU nice moves this morning

UUP is set to gap

Posted by timebandit on 2nd of Dec 2022 at 09:12 am

UUP is set to gap up. $TNX too. Sets up a pretty strong POTENTIAL bottom pattern on both charts. Has to confirm

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