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Interesting that my longer term number line was telling me that there'd be strength in the XLV coming into this week on a swing basis. Sure enough, there's the XLV failing the weekly A down today. Also expected to see this type of action in the XLP, (who knows what tomorrow brings). Makes...

For what it's worth, the "generic" call is actually the best call to make. None of us have the same levels, so why should someone say, "hey look at this perfect A at level x?" That said, I also have confirmed weeklies. I think I'd err on the side of Shan here. Might want to take another...

Nice heads up Mav, Thanks!

Thanks MFB, Also, in addition to the descending pivot tracker we have a tiny 3 day rolling pivot for the S&P tomorrow. Small 3 day rolling pivots usually coincide with large moves. Should be an interesting one tomorrow!

Strangle? :)

Killed this thing. Didn't love the action here, (though it may have been hasty on my part). Still didn't want to get cute with a winner.

Couldn't decide on an individual name, so I'm long the XOP off the failed A down. Target is 56.50 for some take profits. Weekly A up for me is 56.92, (but there's no magic there, just an opportunity to watch).

Makes sense. I'm pretty sure the depths of last summer were my A down in the SPY if I remember correctly. Thanks Mav, as always!

Mav holy cow man, happy Sunday to me. Thanks a ton for the contributions today. I'm happy to see that my levels are in the same general vicinity too. I've been tracking yearlies since about last year, and I haven't necessarily determined what exactly to use them for. My hunch is just the...

Yeah, I was very interested in the coffee trade this month, and it yielded some nice results on the equities side of things, (sbux was a great trade this month). I actually found it pretty interesting that they complained about commodity costs on the call given coffee's trajectory thus far in...

Thanks for the contact MF, and I appreciate your explanation of the commodity sheet. Guess I'm still a little perplexed on the "number needed to +/- 9" but I'll keep tracking my number line as I have been. Many thanks

You're not the only one Mav. I subscribed to the free trial for the allotted period, and I got to tell you, most of what was made available to me was Greek. Now that said, I know I don't have the experience that half of you guys have here with this stuff, so I AM SURE THIS PLAYED A LARGE...

ZB does look strong here huh? Just in case this phenomena continues, I have the XLF going from a +1 to a +5 on my 5 day line, and XLV from +4 to a +8 suddenly as well... Interesting, health care and financials? Those don't typically go together, (+8 is getting into that snap back territory...

Awesome post Mav, (not just because Shan's giving you grief) but this pic you attached is an amazing visual for the concept of the quarterly. Much appreciated

Yup, take it from the idiot who tried to be short on Tuesday, (that's me). Thank god ACD kept my losses small! I thought there might be a little more to this correction, but the price action is telling us otherwise. Even the XLY, which looked weak this week coming into today managed a...

Tough question. We've spoken about it here a bunch, but the basic answer is: It depends. Depends on the product, how you trade, your ability to interpret price action, etc. You don't want my OR, you should find one that works for you, then you own the OR, and know why you chose it...

Gold's sold hard on every Fed announcement. Had a low risk opportunity on my weekly and took it. It's not doing a thing, so I'm out. Yep, gold's dead, I shudda known better

perfect failed intra-day... and I took my eyes off it... Back shorting gold here. GLL bounced right off the low of the monthly OR, (point of no return for a confirmed A up) and here it is failing the weekly A down.

Now there's a prize, (is it annotated too?)! :D

This is something that's been discussed here a few times, and I feel strongly about it, so I'd like to respond. A while back on the thread someone posted a recording of one of Fisher's traders from MBF, (wanna say it was MF Breakout and the trader was Lou) and something I took from it was...