Posted by mitchell on 23rd of Jan 2022 at 12:32 pm
One can make a bull or bear case using any # of indicators -
intense pullbacks prone to falses. Zooming out, one positive is
monthly at 50% RSI5 w/ other indicators still embedded bull mkt,
which should produce bounce to create larger divergence. If not,
then likely larger pullback to come.
Posted by mitchell on 20th of Jan 2022 at 09:21 am
Possibly deeper pulback into 4400 that makes the SPY system make
multiple entries before the bottom. Many discussed indicators
showing potential buy, but for what its worth I have a system
I developed that still isnt at buy pt yet. In past pullbacks it typ
coincides with SPY system but not this time.
Posted by mitchell on 27th of Dec 2021 at 01:49 pm
Got it; makes sense Matt. I know its extra work, but hope
you consider providing both SPX + ES triggers - allows for more
trade signals. This has been quite a meltup. Happy holidays
all!
I know you had to take the Zoom cycles page down and were
working on bringing it back in some form. Any status of that? It
would be nice to see SPX cycles during the day again, or at least
the cycles tab updated periodically during the day somehow. As
subscribers, we dont see what it takes to put this all together so
not sure whats realistic.
Matt - I would advocate to not blend these systems together. As
you state they have different purposes. A trading plan isnt like a
fast food item; everyone needs to develop their own methodology and
find what works. Many dont appreciate it takes a lot of
time/reading and not the same for each person. I have several
trade strategies based on setup and separate systems work. Thanks
again.
I regularly sell SPY covered calls; need to time well w/ cycles
to be consistently successful. Once correction has started premiums
drop and I dont find it worth time/risk for desired strike.
Your selling Vol w/ big tail risk if you have to cover during
unexpected runs/rebound. One bad trade wipes out many small
gains.
@pep8261 - can you give example of put spread you mention?
Thx.
Thanks for these level insights Steve / Matt. Closed overnight
calls near 4565 based on weak strength into that push. Will look to
re-enter again. Been volatile but fun playing these bounces
lately.
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On a positive, Nasd Comp
my comments from Nov and Dec
Posted by mitchell on 24th of Jan 2022 at 02:57 pm
On a positive, Nasd Comp matching the covid crash weekly symmetry today, which could indicate its pullback is finishing (or until its violated).
Added to one of Matt's charts (~3k drops): https://schrts.co/cEtTvqqc
One can make a bull
Posted by mitchell on 23rd of Jan 2022 at 12:32 pm
One can make a bull or bear case using any # of indicators - intense pullbacks prone to falses. Zooming out, one positive is monthly at 50% RSI5 w/ other indicators still embedded bull mkt, which should produce bounce to create larger divergence. If not, then likely larger pullback to come.
$SPX - Chart Link
New lows rivaling those during
Nasdaq with the new highs, new lows and difference
Posted by mitchell on 21st of Jan 2022 at 07:27 pm
New lows rivaling those during worst of 2008; hard to make sense of these extreme internals after just coming off highs: $COMPQ - Chart Link
At first glance seems some
On Friday, the 10 day moving average of $TRIN closed ...
Posted by mitchell on 21st of Jan 2022 at 09:29 am
At first glance seems some of these also occurred during lows. Not sure if I can make a conclusion.
Do you mind providing chart
On Friday, the 10 day moving average of $TRIN closed ...
Posted by mitchell on 20th of Jan 2022 at 10:24 pm
Do you mind providing chart link showing 12x? Thanks.
Possibly deeper pulback into 4400
SPY and ES Systems
Posted by mitchell on 20th of Jan 2022 at 09:21 am
Possibly deeper pulback into 4400 that makes the SPY system make multiple entries before the bottom. Many discussed indicators showing potential buy, but for what its worth I have a system I developed that still isnt at buy pt yet. In past pullbacks it typ coincides with SPY system but not this time.
Outside BB today; took some
SPX Trend day
Posted by mitchell on 27th of Dec 2021 at 04:02 pm
Outside BB today; took some off table. I like the trend but didnt think it would run to 4800 by today.
Got it; makes sense Matt.
ES systems update - Trend/Pullback looking to exit today
Posted by mitchell on 27th of Dec 2021 at 01:49 pm
Got it; makes sense Matt. I know its extra work, but hope you consider providing both SPX + ES triggers - allows for more trade signals. This has been quite a meltup. Happy holidays all!
Quite interesting. With market this
ES systems update - Trend/Pullback looking to exit today
Posted by mitchell on 27th of Dec 2021 at 01:22 pm
Quite interesting. With market this extended, is Breakout prone to false signals in ST?
I found 2d DVT to
when possible, could you place the 2 day DVT KIss ...
Posted by mitchell on 23rd of Dec 2021 at 01:31 pm
I found 2d DVT to be quite useful. SPX would often times pullback to that level before rebounding.
I would be interested to
Symmetry amazing
Posted by mitchell on 23rd of Dec 2021 at 10:38 am
I would be interested to join a Zoom today.
Matt - Trend still showing
SPY systems we may get that Trend/Pullback triggering today
Posted by mitchell on 21st of Dec 2021 at 12:36 pm
Matt - Trend still showing intra-day trigger even on this run? Thanks.
Matt - Is this based
ES Systems
Posted by mitchell on 20th of Dec 2021 at 05:52 pm
Matt - Is this based on the revised harder-to-trigger or original Trend system? Thanks.
GILD ex-div Tues. Had some
Hi Matt, Steve and all. Great work here. The newsletter ...
Posted by mitchell on 10th of Dec 2021 at 10:03 am
GILD ex-div Tues. Had some false breakouts this yr but looks poised to go higher based on Daily+Weekly charts.
I know you had to
In wednesdays newsletter did you say the 2 day ...
Posted by mitchell on 9th of Dec 2021 at 09:52 am
I know you had to take the Zoom cycles page down and were working on bringing it back in some form. Any status of that? It would be nice to see SPX cycles during the day again, or at least the cycles tab updated periodically during the day somehow. As subscribers, we dont see what it takes to put this all together so not sure whats realistic.
Matt - I would advocate
In wednesdays newsletter did you say the 2 day ...
Posted by mitchell on 9th of Dec 2021 at 09:38 am
Matt - I would advocate to not blend these systems together. As you state they have different purposes. A trading plan isnt like a fast food item; everyone needs to develop their own methodology and find what works. Many dont appreciate it takes a lot of time/reading and not the same for each person. I have several trade strategies based on setup and separate systems work. Thanks again.
I regularly sell SPY covered
SPY reversion to mean systems and option protection strategies
Posted by mitchell on 2nd of Dec 2021 at 12:11 pm
I regularly sell SPY covered calls; need to time well w/ cycles to be consistently successful. Once correction has started premiums drop and I dont find it worth time/risk for desired strike. Your selling Vol w/ big tail risk if you have to cover during unexpected runs/rebound. One bad trade wipes out many small gains.
@pep8261 - can you give example of put spread you mention? Thx.
Thanks for these level insights
ES Globex Range 4508-4552Once again we see an overnight rally ...
Posted by mitchell on 2nd of Dec 2021 at 10:48 am
Thanks for these level insights Steve / Matt. Closed overnight calls near 4565 based on weak strength into that push. Will look to re-enter again. Been volatile but fun playing these bounces lately.
quite late to the shorting
Anyone see any good short opportunities other than AAPL ? ...
Posted by mitchell on 30th of Nov 2021 at 03:41 pm
quite late to the shorting party at these levels. plan for reversals instead.
Bought DIS early today. Red
DIS follow up
Posted by mitchell on 24th of Nov 2021 at 10:55 am
Bought DIS early today. Red to green move so far.