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The triangle formation on IWM

Posted by timebandit on 28th of Feb 2023 at 10:38 am

The triangle formation on IWM was a bit cleaner looking than that on $SPX. It has broken north for now

$VIX coming uncorrelated, as is

Posted by timebandit on 27th of Feb 2023 at 12:51 pm

$VIX coming uncorrelated, as is $VVIX. 3+ hours left in the trading day, so this can change

BA - has begun its descent,

Posted by timebandit on 24th of Feb 2023 at 02:01 pm

BA - has begun its descent, but I am not sure it's close to the landing strip yet, though there is some horizontal support

APLS- I missed this when it

Posted by timebandit on 24th of Feb 2023 at 01:58 pm

APLS- I missed this when it broke out, was hoping for a pullback but it shot into the stratosphere instead and has been outside the upper band the last four days. Depending on your style, could be a reversion to mean play or a wait for the pullback for another move up.

Thanks, James!

LULU - falling out of fashion?

Posted by timebandit on 24th of Feb 2023 at 12:39 pm

LULU - falling out of fashion?

META - I came into

Posted by timebandit on 24th of Feb 2023 at 12:23 pm

META - I came into today short and closed the position after the open. But this is worth watching now that it is lingering below support and the 20 ma. It's also in that big gap. Needs to reclaim support soon I would think. The ribbon is beginning to pinch, so maybe it finds its footing. We'll see

Despite the bounce, volume breadth

Posted by timebandit on 24th of Feb 2023 at 12:17 pm

Despite the bounce, volume breadth is still pretty negative at the moment

$SPX - is now in

Posted by timebandit on 24th of Feb 2023 at 12:15 pm

$SPX - is now in an area below the 50 and above the 200 moving averages. Also between broken uptrend and downtrend lines. I'll be curious to see what happens next. Do we spend some time in this no man's land or bust out quickly one way or the other?

Yes, that's one I charted

Short DASH View

Posted by timebandit on 24th of Feb 2023 at 12:14 pm

Yes, that's one I charted but did not take a position and have been kicking myself

NVDA - I actually went

Posted by timebandit on 24th of Feb 2023 at 12:00 pm

NVDA - I actually went long some of this at that 330 support for a trade. Still holding some

Also near a backtest of

SPX testing its 200 day MA

Posted by timebandit on 24th of Feb 2023 at 10:59 am

Also near a backtest of downtrend line

Systems trade question: If we

Posted by timebandit on 24th of Feb 2023 at 10:42 am

Systems trade question: If we saw ghost entries before the afternoon ramp yesterday, are the bear long , STrap, and QE BTS looking at possible second entries today?

DIA bounced at horizontal support

Posted by timebandit on 24th of Feb 2023 at 10:38 am

DIA bounced at horizontal support yesterday. Today gapped below it

I took the money and

Short NVDA

Posted by timebandit on 24th of Feb 2023 at 10:36 am

I took the money and ran. NVDA currently holding at long-term support. Not saying it won't break. I'm just not patient enough to find out at the moment

Man, this has been a

Posted by timebandit on 24th of Feb 2023 at 08:58 am

Man, this has been a difficult couple of days for me to trade. I made a profit, but only because I adhered to profit stops, and obviously I could have made more because they were stops.

I did come into today short NVDA, and while I am curious to see if an island top plays out, I may just take the money and run

If this pattern plays out,

Posted by timebandit on 23rd of Feb 2023 at 05:06 pm

If this pattern plays out, maybe one more trip down for a higher low then bust north?

$CPC spiked above the upper

Posted by timebandit on 22nd of Feb 2023 at 10:30 pm

$CPC spiked above the upper band

Divergence on $VVIX, fwiw

Posted by timebandit on 22nd of Feb 2023 at 10:26 pm

Divergence on $VVIX, fwiw

Bear long already profitable   

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