SO last week was OPEX and the pattern prevailed for the 23rd time in 30 and didn't do it pretty by printing it (which is the ATH for now) on the opening 1min candle of the week and wasted a 🔻 Weekly Candle for a measly -1.23%. We did what was expected which was add the +20p potential from 2996 and just creep inside that 3016 - 3036 range, but the volume was missing all week and the failed re-rally [...]
The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]
That OVERSOLD 4Hr and the weak selling was a great setup for the MSFT earnings beat which we knew would catapult us back up into the SPX 3000s which, as futures have held well that 3006 decently overnight, we should see an open near that 3001.15 - 3003 and maybe see the OPEX Pattern used to push back up to that 3016 and start threatening that 3036 as we go into BIG EARNINGS names next week SPX WTD 2019 OPEX [...]
The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]
The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]
There was 25M volume on SPY with 30mins left to go after that perfect hit in the morning to our SPX 2990 - 2989 and attempt to break back up to 3003 FAILED on one of the weakest sell downs I've witnessed in years. Not a single TICK registered -800 while the move took one of the nastiest indicators to OVERSOLD LEVEL as we came right smack dab onto that WARNING #1 Both the S&P & Nasdaq broke below -1% [...]
Awesome session yesterday with SPX/SPY/QQQ/IMRN/APRN and got to see some panic buying go into ROKU while the BIG NAMES did virtually nothing while SPY did what looked like a STOP SWEEP by falling out of 300s for a few minutes yesterday. SPX 3014 has worked well for a GET SHORT & OUT OF ANY CALLS pivot, but be aware of three things: Wednesday's have been 🚀🚀🚀 this month OPEX ends Friday and, while MAY Failed, APR High came on WED and the [...]
The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]
See that SPIKE open yesterday and sell back down below Friday's High and resist it all day..... the evidence is beginning to weigh on this rally now in its 7th week and begging for a reason to break up or down. SPX 3016 has been accomplished and that 3036 is still quite possible, despite the clear divergences on all time frames longer than 1 hour and how its still possible is for a prefect "c = a" which would be [...]
The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]
