Kudos to MMs

NFV 1079.89. SPX 1,093.30. Convergence happening. There is some support 1092, 1082 and of course 1072. Decent short edge still, but imo you should be down to one unit short at this point, with the rest of the bills neatly tucked in your wallet.
 
Dear god that was fun, a reminder to people to keep a balanced long short portfolio. Looks like currencny markets are firming up, should see some stabilization and recovery now. Goodluck.
 
NFV went out at 1076.45. ESU0 at 1077.50 which puts SPX at ~1081. Therefore almost no edge. If your system allows you to make AH futures trades, take the money and run and go flat if you have any outstanding units, imo.

This sequence where SPX went above NFV for about three weeks has been extremely profitable, with the ulcer index very low (the recovery rate was almost always one day).
 
Quote from nitro:

NFV 1080.48. SPX 1099.36.

Some people probably took profits too soon. Even with the strong move down, there is still decent short edge.
More...

"some people" = shortie :cool:

amazing convergence AH. beautifully done!
 
NFV goes out at 1087.65. SPX at 1079.38. That is > 7, and has some edge to long side. However, I am going to suggest that instead of using 7->14->24->35->etc the way we do when SPX is running above NFV, that we change to a more conservative chain of 14->24->35-> etc when SPX is running below NFV. In other words, ignore minimal edge when markets are swooning.

Markets drop faster and harder than they go up, and the asymmetry is warranted caution, imo - it reflects the reality of market dynamics. However, there will be traders that have no fear and are well capitalized and will continue to use the same unit-add-point numbers to the downside and upside.
 
You must log in or register to reply here.
Back
Top