The buy em up overnight trade is essentially a coin flip these days...Need a sub-15 VIX and a "drift" higher market to confidently trade the CB overnight ramp.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
The buy em up overnight trade is essentially a coin flip these days...Need a sub-15 VIX and a "drift" higher market to confidently trade the CB overnight ramp.
Remember when he was doing like 80 lots in overnight YM or something a few months back? I was like "damn."
Wtf, I never realized he was doing that much size on some trades... http://www.elitetrader.com/et/index.php?attachments/more-free-money-jpg.153145/
You know the drill, magic futures rise overnight 90% of the time. Can't beat them odds people. Yes there are rising again tonight, so easy a cave man can do it.
It worked like a charm back in 05-07 as well (if I remember correctly)...also the EOM pattern worked almost without fail...buy the market about 3 trading days prior to month end and sell on first td of month...basically all the gains were either overnight ramps and/or EOM buying...then lots of chop and churn the rest of the time with a VIX in the low teens and no 2% correction for something like 4+ years...auto pilot markets.
It's been nowhere near 90% of the time recently and those misses leave a burn...heck 8/24 alone would have erased the entire years take on the CB ramp...you must have fu money to hang em out there on these overnight trades...
I will say I "feel" the presence of the buy em ugly bid these past two nights...there is just a sort of aggressiveness to the way these things gun higher no matter wtf the other markets are doing...lol, it's so f'ing comical that markets have devolved into this.
S2007 remember this chart?
Im remembering it all right, but as much of that chart I want to take in I have to realize one thing: September 17th.....
It's amazing how coincidental it all appears to be. Same level as 15 years ago and look at time projection (vertical blue lines), no voodoo there, just a straightforward x2 forward, almost same price level and time span. So is it about fundamentals/technicals or just plain simple sentiment?
I have thrown fundamentals out a long time ago.....with so much intervention happening now in the markets it doesn't exist...it can't exist