Recent content by Mr. Bacon

Can you tell us how many points you've booked YTD? Your strategy is a simple, but good one - buy the dips and sell the pops. Obviously this is working well this year and last, but I am curious how you are doing compared to ES YTD (+ 157 points).

All vol indexes still @ depressed levels. VXV 13.5, VIX 11.5, VXST 10.1. But the spread btwn far/near term vol is suggesting that it might be time to become less bullish. I've played short strangles and condors with a bullish bias even to the point of short only puts and no calls. Now am...

Beautiful charting ammo. Much appreciated. Keep an eye on VXST over the next few weeks and it's relation to VIX and VXV to help figure out what the next move is going to be. VXST = 9 day S&P vol VIX = 30 day S&P vol VXV = 93 day S&P vol

Perhaps a hybrid approach to Uvol/Dvol (relative magnitude) and intraday volume (absolute magnitude) relating to bullish or bearish trends: Green is uvol, purple is dvol on the hourly chart.

Is Janet gonna pass on the sentiment of the other fed members on Friday or just follow the path of her predecessor? Will be interesting to see. "Many Fed officals said job gains might bring rate rise sooner"

By cumulative volume, I don't mean the typical cumulative volume index indicator, but rather the summation of intraday volume. I take note of hourly volume (particularly on SPY) since I am a subscriber to the low volume/bullish mantra, at least in recent years. Key levels that I note are...

I hear ya, but I think time is a pretty poor indicator. Use something else to determine duration of pops/drops. Volume profile and UVOL/DVOL ratio like ammo, moving avgs, etc. I like intraday cumulative volume and VIX/VXO/VXST/VVIX. But that's just me. Today is day 9 since the local bottom...

Without a doubt, the last 18 months have been an anomaly. But no reason not to embrace it. Need to adapt to what the market is doing - it sure as hell won't adapt to any of us here. When the anomaly stops, time to stop buying all the dips. My point was that rallies and drops go on for longer...

Hmmm, pull up a daily S&P chart for the past year or two. Several 6, 8, even 10 day rallies. Sure a few days that were flat or slightly down, but some runs were overall still very strong after 6+ days (example: Feb 5-27th this year and May 21-June 10 this year). Good traders aren't bulls or...

A distinct possibility. Nothing wrong with that. As Handle123 says, "I'm just a monkey pressing buttons!" Do what the market tells you to do, not what you think or want to have happen.

It might be extended. It might not. But let the market tell you instead of a gut feeling. Evidence-based trading, not gut-feeling based trading is the key. AAPL >100 just adds some more fuel to the fire.

Why is up three days in a row relevant? Sure, it retraced the dip, but before the dip the market was clearly wanting to go higher. What's changed now? As always, do what the market tells you to do. Don't let personal bias interfere.

Perhaps depends on your definition of investor. I think he comes close. He is only long, doesn't use stops, gets very quiet during a pullback (nervous?). As to if he's consistently beating ES/SPY on an annual basis, let's ask him... I'd much rather trade a few times as he does and beat the...

What pinkman may not realize is that he's better off buying and holding for years. Which is obviously a great strategy when the market is continually making new highs. He's not a trader, which is perfectly fine - he doesn't get stopped out and buy back in when the market hits a local minimum...

FOMC announcement days = upward bias