These fabricated gaps to the downside are how market makers are
reducing, or trying to reduce, the net in-the-money call premium on
several key stocks and market leaders. But there remain many
willing buyers, gobbling up discounted shares. Perhaps we'll still
see some selling over the next few days, but the resiliency of the
bulls at a time when we clearly could be seeing a lot of selling
just adds to the bullish bias in the market - all in my opinion, of
course.
If today's gap lower is starting a leg down for the market, keep
an eye on the 20-hour EMA on the QQQ: Up date by Tom Bowley
about OPEX and the 1.4 billion in open calls SPX and QQQ that are
evaporating on weakness
jones689, big moves are timed for special events, such as OpEx.
Just have wide stops and good risk to reward on your side. Heavy
use of EW coupled with supply & demand zones seems to do the
trick.
That is what Tom works on every OPEX and has a one-hour report .
He is a former CPA and loves this MAX pain period. And of
course weakness helps specialists to save money to.
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These fabricated gaps to the
Posted by rbreese on 20th of Apr 2023 at 12:09 pm
These fabricated gaps to the downside are how market makers are reducing, or trying to reduce, the net in-the-money call premium on several key stocks and market leaders. But there remain many willing buyers, gobbling up discounted shares. Perhaps we'll still see some selling over the next few days, but the resiliency of the bulls at a time when we clearly could be seeing a lot of selling just adds to the bullish bias in the market - all in my opinion, of course.
If today's gap lower is starting a leg down for the market, keep an eye on the 20-hour EMA on the QQQ: Up date by Tom Bowley about OPEX and the 1.4 billion in open calls SPX and QQQ that are evaporating on weakness
I usually don’t cry foul
Posted by jones689 on 20th of Apr 2023 at 12:21 pm
I usually don’t cry foul but something stinks and I probably should stick to not trading during opex week.
But then again maybe my bias is wrong…
jones689, big moves are timed
Posted by junkie on 20th of Apr 2023 at 02:01 pm
jones689, big moves are timed for special events, such as OpEx. Just have wide stops and good risk to reward on your side. Heavy use of EW coupled with supply & demand zones seems to do the trick.
the market is very thin
Posted by matt on 20th of Apr 2023 at 12:26 pm
the market is very thin these days, and horrible breadth, causes these kinds of things
You may be able to
Posted by rbreese on 20th of Apr 2023 at 12:24 pm
You may be able to take advantage of the weakness you often see during this week. Or al least look for good buys during this time.
rbreese, what is a likely
Posted by junkie on 20th of Apr 2023 at 12:11 pm
rbreese, what is a likely level for the OpEx for either SPY or QQQ? Max pain indicator could be in works, I have not checked.
These gaps also prevent position trading amidst lowered liquidity (wide bid and ask gaps between two sides).
That is what Tom works
Posted by rbreese on 20th of Apr 2023 at 12:14 pm
That is what Tom works on every OPEX and has a one-hour report . He is a former CPA and loves this MAX pain period. And of course weakness helps specialists to save money to.