3309 Drysdale Ct
Edwardsville, IL 62025
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
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.
I'm glad you brought up the put/call ratios because I am
confused as well. I agree there are lots of options trades going on
but hasn't there been 0DTE trading all year? I'm just not sure and
It seems like a neutral game.
I'm invested in a 0DTE hedge fund and it's up about 10% this
year so I understand the concept; naked calls and puts sold for
premium with religious stops, cash out at end of day.
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.
Right now i see bears are in more trouble than bulls. While we
have been screaming bear, SPX moved 600 points off the lows.
Whenever we pull back to 9 day MA abruptly lots of bears coming out
on fintwit saying this is a bear market, I said so etc etc. and
then we recover again
Best of luck to bears
Good context Arun.
Another thing I've been continuing to consider and keep an open
mind to is that all of the major economic reports last week that
are supposed to be big market movers didn't change the uptrend at
all. Working off an oversold condition for a day or two is normal,
though nothing significant. You would have thought we crashed by
some of the bearish comments
They were small trades that had to be capitalized on
The message of the market has been different since the reversal
off the lows and the data is suggesting that things may not be as
bad as feared. In balance there may be some time for these things
to work into the economy, though it just hasn't materialized. This
is the problem with being married to a sentiment and demanding a
result on one's personal timetable.
The market decides if/when things happen, not someone
making a prediction. I'll continue to make entries based on
risk/reward. I can care less about being right in the public eye,
just making money to take care of my family.
Once again in balance, the two gaps below do bother me as they
normally aren't left open longer term. They are at 3,748 and 3,583.
It won't prevent me from playing the upside now and if I see my
longer term criteria as a sell signal, I'll certainly sell my
inventory purchased off of the 3,500 reversal. It just hasn't shown
up as of yet, so I stay the course each day unless it does. The
timing is the part that is difficult, though it is still better to
stay in the present, otherwise the potential to make a mistake
Once I do my planning, I go back to my life as my plan is based
on my personal tolerances and strategy. I can't be anyone else and
if I try to, I won't be able to adjust as they would because I
don't know what they would be doing. And even if I did, if it
doesn't resonate with who I am and what I feel comfortable doing, I
won't be able to do it consistently. This is why I have found it
better to develop my own style instead of depending on anyone else
to feed me. I need to know what to do with a degree of confidence
and not have to ask someone what I should be doing.
..and the results of those decisions are on me..like the Chris
Stapleton song says, "I got nobody to blame but me". A good life
lesson to take accountability and inventory of my actions and
results of them in general. Realizing that I can and will make
mistakes for the rest of my life is a necessary part of being a
human. The question is, How will I respond to those situations, am
I willing to apologize when I'm wrong? Can I have a healthy
celebration of success? Will I continue to learn and consider
others views as I make my decisions? Am I able to navigate healthy
sources of information and negative influences to be cautious of
and/or avoid? Do I realize that I don't control the world or much
except what I can as my part?
Lots of good information provided on this site and education
that can be used to develop one's personal trading/investment
style. I have found being part of a community to be beneficial in
formulating my thoughts, strategies, and documenting them to be
able to review as part of my journal. There are many ways to do
things. Another day I'm grateful to wake up and have a shot at
life. Best of success this week to everyone.
Market climbs "a wall of worry"!
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