Search results

Look to play a relief rally this Thursday and Friday. I think the best time to see a consistent bid put on the market that can generate a strong, consistent uptrend will be 2pm to close. There is money on the sideline that will be put to work plus those that have played the short side swing...

Turn this thought into a trading strategy so it doesn't impact your intraday ES trading. I'm also in the boat expecting a 10% snap correction at some point before end of the year, so here is how I'm trading it. Allocate 1% of your trading capital every two weeks to buy deep out of the money...

Smart move by Cohen, he took his shot, got caught, and lost. Whatever time he gets is likely cut in half with good behavior in the can. And less if Papa Trump gives him a pardon for being a loyal soldier. Good lesson for all the ET traders here, he is playing the percentages here and...

OI - Question on your thoughts concerning when to exit winning options positions. My impression is you will consider the overall market sentiment/trend along the individual equity's potential for further breakout/breakdown when holding a winning position. Maybe more art from and intuition...

Thanks for sharing your thoughts and approach.

OI - What are your thoughts on picking up next week's TSLA 350 calls here? I'm thinking Elon would love to find a magic rabbit he can pull out of his hat next week to consummate that $420 going private number.

I do like to kick around the theory and see other's feedback on it. But understand why you're not a fan.

I guess I won't be getting a Christmas card form ole treeman this year. *Sob*

If you trade the LB, you are definitely not shook by daily price movements. Maybe you got some better industry insight on that than most given your handle.

With the YM outperforming the others, it has felt a little like a rotation day. Let's see how things finish.

Regardless of what anyone predicts for the final results of the the China - US trade war, China's stock market is taking a beating during the early stages of the war. The next question: Is there a correction looming for US indices or do they continue higher through international inflows as a...

Well this thread is about like the market action today, two sides with strong opinions and some reasonable observations to backing up each side. I don't care who ends up being right, so as long as there is volatility I'm happy for the opportunities that will present themselves.

Good battle going on today between bears and bulls. The BTFDers came in strong at 11AM and 12 PM EST. I'll guess we finish between 2810 - 2015 in an afternoon stalemate as there are enough bulls still buying today. This battle will get sorted out Thursday and Friday.

Sure, NDX could go up 50% in the next two years, entirely possible. But why pass up short term corrections when the market is clearly trading both directions for the first time in years. These "stalls" after ATHs can present good short term opportunities. They are also easy to trade, set...

All you needed was a auto stop loss set on those CL trades and you would have done great. Refresh and have another go at it tomorrow.

You actually just posted a chart that proves my point, IMO. The weighted NDX closed yesterday 6% higher than the 1-26 high. The NDXE closed yesterday -.7% lower than its 1-26 high. The few carry the majority in this market right now whereas through 1-26-18 the weighted NDX was more balanced...

I think it does mark lack of depth and breadth when considering the notional value of the index. Also, 62% of stocks above the 50 DMA doesn't sound particularly strong when the index is sitting just below the ATH.

Since the Apr 2 low, the NDX has appreciated by 16.52%. Due to the weighted nature of the index, 70% of those gains come from 4 stocks - AAPL, AMZN, MSFT and GOOGL. Your advanced / decline is a fact. And the 4 horseman carrying most of the weight is a fact. I just think the 4 horsemen are...

How about diversify the hedge - 30% VIX and 70% SPX. You might also consider NQ Options on futures as an NDX correction should be a larger percentage drop than the SPX correction. I think you have a better chance of the hedge hitting the penny SPX/NDXs if a snap correction occurs. But the...

The key is "Trump administration". It is never the President who directs the big policy movements of the United States, it is always the people behind him who are running their own agendas and influence the US President to act in a certain way. Like all presidents the US has had in recent...