Posted by DigiNomad on 11th of Jul 2024 at 10:39 am
IWM - I think it's a low probability play in term of significant
follow through because of its component parts, but I have been
buying calls anyway just in case I'm wrong. I've been going out to
December and January and buying significantly higher (330 ish
strikes) with the idea that I'll be at a full notional position if
we go up 5% or so...and now we're up 3.2%. However, the
immaculate squeeze is still in effect. They're giving the leaders a
rest today and IWM holding things up (yes, IWM contributes to
S&P 500). I'm assuming it's just a ploy to give the
leaders a needed break until I'm proven wrong (eventually it will
break the pattern)
Posted by DigiNomad on 11th of Jul 2024 at 10:52 am
I'm picturing steam coming out of the supercomputers running
this rotation / squeeze play right now. As they let more and more
out of the Mag 7, its taking more and more juice from IWM and the
other smaller components to keep things steady. Scotties
screaming - we're givin it all she's got, Captain!
IWM NICE follow through
Posted by matt on 11th of Jul 2024 at 09:46 am
IWM - Chart Link- hope you bought some yesterday on that small break of the coil, nice follow through gap
IWM is up 2.2%, while SPY is only up 0.09%
IWM - I think it's
Posted by DigiNomad on 11th of Jul 2024 at 10:39 am
IWM - I think it's a low probability play in term of significant follow through because of its component parts, but I have been buying calls anyway just in case I'm wrong. I've been going out to December and January and buying significantly higher (330 ish strikes) with the idea that I'll be at a full notional position if we go up 5% or so...and now we're up 3.2%. However, the immaculate squeeze is still in effect. They're giving the leaders a rest today and IWM holding things up (yes, IWM contributes to S&P 500). I'm assuming it's just a ploy to give the leaders a needed break until I'm proven wrong (eventually it will break the pattern)
I'm picturing steam coming out
Posted by DigiNomad on 11th of Jul 2024 at 10:52 am
I'm picturing steam coming out of the supercomputers running this rotation / squeeze play right now. As they let more and more out of the Mag 7, its taking more and more juice from IWM and the other smaller components to keep things steady. Scotties screaming - we're givin it all she's got, Captain!
Sounds like they'll need to
Posted by elementsix on 11th of Jul 2024 at 11:28 am
Sounds like they'll need to buy more semis for those super computers... ha ha! Captain, we need more compute!!!
Posted by DigiNomad on 11th of Jul 2024 at 11:29 am