Set ups and Open Interest for Week 2/21/17

New highs again after closing at new highs last Friday. Last weekend I was cautious about what came next, but as I said then and will reiterate, the bulls still have the edge and until there is some evidence with price to doubt that, we continue to play the long side. The end of the...

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Will the Open Interest Stall the Uptrend Next Week?

Two weeks ago here I discussed the likelihood of news highs. That indeed came the following week and then continued on into last week. At this point there is no reason not to expect another new high to be made as the edge continues to reside with the bulls. Open Interest: I have pointed out […]

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Set ups and Open Interest for Week 2/13/17

Closing out at all time highs in QQQ’s and SPX is obviously bullish. Furthermore, there was actually follow through from Thursday which is something that we haven’t seen for a while. For now the trend is up and whether there are warning signs or not, until the trend is violated by price there is no...

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Possible New High Targets Seen in the Open Interest

Last week here I went into length about reasons to be concerned with the long side (especially for last week because of the open interest), but pointed out that the overall trend remained bullish. I also described two separate breadth studies that concluded a pullback would likely be short-lived. In the end a gap down Monday morning […]

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Set ups and Open Interest for Week 2/6/17

Last week I discussed reasons to expect downside. Unfortunately it happened in a gap down, which limited our opportunities. Still the week turned out ok because we stayed on the right side and didn’t start thinking bearish. Throughout the week I showed that the bullish trend remained intact each day at the close and now...

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Something for the Bears to Chew on

Last week here the title of my post said it all: The Trend Still Supports Bulls as Does the Open Interest. The roughly month in a half range finally broke to the upside and at the present moment bulls clearly have the edge. With that said, there are some concerns going into next week that could jeopardize […]

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Set ups and Open Interest for Week 1/30/17

Finally the range broke and I’m grateful to have been on the correct side of that. Since the range break on Wednesday SPX has traded sideways and thus, at the moment bulls are in control. With that said, there are some things you will read below that are of concern to bulls heading into next week...

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Trend Still Supports Bulls as Does Next Weeks Open Interest

Last week here I conveyed that the path of least resistance was higher and explained why what looked like the best pin of 220 on SPY was unlikely to happen (refer back to read understand why). During the week I updated the open interest over twitter which further supported that price would likely stay above 225. (“interest” […]

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Set ups and Open Interest for Week 1/23/17

There is nothing new to say that hasn’t been said for several weeks now. As long as SPX remains in a range the short term is neutral and the longer term still supports a bullish trend. Breadth: SPX stocks at 20-day highs: Nothing to see here. No new market highs so we don’t need this...

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The First OPEX of 2017

Last week here I didn’t have much insight based on the open interest and instead just described the market as showing no evidence of being bearish. During the week the open interest changed and I posted updates over twitter that were indeed helpful, especially Wednesday’s. Wednesday morning I showed there was a large 226 put strike […]

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Set ups and Open Interest for Week 1/17/17

Since 2017 began we have gotten a decent amount of intraday volatility and I believe that will likely continue over the next couple weeks as Trump is inaugurated and then begins to lay out details of his future policies. Next week is monthly OPEX so most of the open interest will not change much throughout the week. Breadth:...

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The Open Interest Paradox and Next Week

Happy New Year and happy all time highs! So far 2017 has begun with a bang and the major indexes are at all time highs (or close to them). Simply put this is bullish. About a month ago I showed a study related to 52 week highs minus lows shown below. Two weeks ago here I described […]

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Set ups and Open Interest for Week 1/9/16

After a couple months of very little follow through, 2017 finally gave some real good opportunities (so far). Great week to the start of the year with SPX and QQQ’s closing at all time highs. The best part about the current market is that it continues to stay relatively uncorrelated to the indexes. Should this...

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Set ups and Open Interest for 1/2/16

Happy New Year! 2016, a year that predominately traded in in the same range that 2015 traded in, proved polls are useless, and did the opposite of what everyone anticipated for each major event.  In the end though, SPX was finally able to move outside of its two year long range, which at the very least...

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Set-ups and Open Interest for 12/27/16

I had expected a slow week as I wrote about last weekend, but my expectations were exceeded. Completely dead all week. I don’t anticipate next week will be the same (at least not the first couple of days) but it doesn’t mean we will get tons of movement either so we need to also be...

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A Farewell to 2016

Last week here I summarized my post with: “the most likely outcome is another few days to weak of tight rangebound consolidation that may (but doesn’t have to) include further minor (but buyable) weakness followed by strength.”  The rangebound part happened and I will lay out where my thinking was regarding “the followed by strength,” and why […]

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Open Interest and Set-ups for Week 12/19/16

Last week was fairly slow especially after considering all the catalysts from FOMC to the tech meeting with Trump. In the end SPX closed 4 points lower than last Friday’s close. The weekly candle itself isn’t very pretty, but the fact that SPX held at the very top of last weeks candle is a positive. At this...

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A Further Pre-Holiday Consolidation

It’s been a while since I’ve done a post. Most of you know I was traveling through SouthEast Asia (an amazing trip) and then right when I got back had to head to Los Angeles because of my grandfather’s passing (sad yes, but at least he lived to 90). Thanks for all the comments via […]

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How I Define Pinning for Tracking Purposes

As some of you know I have begun tracking when SPY pins on Wednesday and Friday. I began tracking Wednesdays since its inception and Fridays a bit after that. This next part is important – I am not defining pinning as the perfect pin. I am defining it in my own way that gives a range […]

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Open Interest and Set-ups for Week 12/12/16

There has been a relentless bid under the market and as much as everything seems extended and it’s tempting to short, the evidence doesn’t suggest we are currently at a top. That doesn’t mean there won’t be down days or pullbacks, but it means any shorts taken are going to be more difficult without great...

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Open Interest and Set-ups for Week 12/5/16

I am back and it’s kind of funny to see that SPX pretty much is in the same spot as when I left. Of course I know lots happened in between and not everything is in the same spot. Most markedly, the financials, which had a huge move higher and many tech names that have underperformed....

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Open Interest for Week 11/28/16

Hey guys! Hope everyone is doing well. As I mentioned I will post the open interest, but for this week (which will be made up for at the end of your subscription) I am just posting the open interest without commentary. Kind of looks like a week that wants to steal your premium at the...

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Open Interest and Set-ups for 11/21/16

Looking over closing prices last week proved once again why open interest can be extremely helpful. It tends to be underestimated because it may not always help you make a trade for profits (although often it does); however, more often than not it can prevent you from making a trade that would have lost you money. Reviewing...

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Open Interest and Set-ups for Week 11/14/16

The best thing I wrote last week was: “I know the consensus is a rally if Hillary wins and sell-off if Trump wins, but I’m not even going to pretend anyone actually knows. I have no idea who will win, if a true winner will even be announced by Tuesday night, and how the market...

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Did Trump Make BTFD Great Again?

Last week here I discussed that the environment still looked more favorable to selling rips then buying dips, but that the election was a wild card. I went further to say that if there was a large rally to watch the overall breadth to determine the strength of the rally and if it would likely continue […]

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Will the Election Turn the Markets Frown Upside Down?

Last week here I continued to provide evidence in support of the bearish case and suggested to sell all rallies. That worked every day last week as every rally failed. So where are we now? Below I will present the facts of breadth and the open interest with the caveat that the election is next week […]

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Open Interest and Set-ups for Week 11/7/16

After weeks and weeks of continuing to be weary of rallies and thinking a down move was coming, we finally got some follow through. I obviously closed my swing IWM and SPY puts too soon – but thats what happens when the market trains you that follow through doesn’t exist. Next week is the election and...

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Sell the Rips

Last weekend I took off and keeping this short because there really isn’t anything new to say, but here we go. The theme is sell rallies. Since the market has not been able to break we should all be open to the possibility of improvements underneath the surface, especially since we are entering a seasonly […]

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Open Interest and Set-ups for Week of 10/31/16

The market (SPX) continues to trade in the same range despite bears getting closer and closer to breaking it down. There hasn’t been much holding it up and that continues to be the case, but thus far rotation among just a few stocks keeps it propped up. As I said before, it’s possible the market...

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Open Interest & Set-ups for Week 10/24/16 – Sample

This was originally published form subscribers on 10/22/16 It’s groundhog day all over again. At the moment nothing has really changed. The market is still in a waiting period and it’s definitely doing a good job of breeding complacency. I want to point that out because I don’t want to get stuck in that mind-set. […]

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Open Interest & Set-ups for Week 10/24/16

It’s groundhog day all over again. At the moment nothing has really changed. The market is still in a waiting period and it’s definitely doing a good job of breeding complacency. I want to point that out because I don’t want to get stuck in that mind-set. For now, yes nothing is happening and the...

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Open Interest & Set-ups for Week of 10/17/16

Another week of really choppy action; however, the range has been broken and as I’ve been expecting, to the downside. Next week is monthly OPEX and October tends to have one of the most bullish OPEX weeks. With that said, most historical stats and correlations have gone out the window this year. However, there is...

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Evidence Points to Lower, but then there was OPEX

Last week here I discussed having to be neutral due to the impenetrable range, but described myself as having a bearish lean due to many red flags that I outlined in the post. I also discussed the SPY 212 area that had both a lot of put support and technical support. The range finally did break, but […]

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The Unyielding (pun intended) Calm Before the Storm

A double entendre, other words for unyielding according to theasauas.com are adamant, merciless, relentless, unrelenting, etc. (See more than just a finance blog) Last week here I discussed cracks in the market that were keeping me bearish, but with an open mind due to the improvements in breadth. In the end, the market kept flat and […]

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Open Interest & Set-ups for 10/10/16

There isn’t really a whole lot I can say about the overall market. It seems no matter what breadth looks like, what the bond markets do, what the currency markets do, what commodities do, SPX closes roughly at the same place every day. Thus, until that changes we have to just try to find individual...

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New Month! New Quarter! New Range?

If you missed my interview with the Futures Radio Show, please check it out here, where Anthony and I discuss options, psychology, and current markets.  Last week here I discussed a more bearish thesis looking out a couple weeks with the idea to sell into rips. I also pointed out that due to the end […]

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Open Interest & Set-ups for 10/3/16

As you know I went into the week bearish, but with the understanding that it was possible the market would hold up into the quarter end. For most of the week SPX was down, but in only fell below 2150 for a brief period of time and unfortunately rallied back at the end of the...

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Going Against the Grain

In case you missed it, I had the privilege of being a guest to Anthony Crudele’s futures radio show. Tune in here. Last week here I went through reasons why I did not think the lows were in, but highlighted that the market will often rally into and after the FOMC meeting. My thoughts were […]

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Open Interest and Set-ups for 9/26/16

I really can’t remember the last time I had such a variety of short and long trades and many working at the same time. It’s more proof that the market is not being carried by the majority of stocks and I still do believe the bottom is not in. Next week is quarter end and...

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A Tale of Two Indices – One with an Obvious Divergence

Last week here I wrote that the bottom was unlikely in and that for the time being bounces should be sold. The market did go lower, but I wouldn’t necessarily say it bottomed. Regarding bounces being sold, that worked, but buying dips would have worked just as well. It was a choppy week and on […]

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Open Interest and Set-ups for 9/19/16

It seems that volatility is finally back. Quad witching, which tends to bring some volatility with it, is over, but there is still the Fed meeting on Wednesday. At this point and on a very short term basis (a few days) I am leaning bullish. However, looking out further, I think this market has not...

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Quad Witching Time

Last week here (and for several weeks) I discussed some breadth divergences that are unfortunately not a timing tool, but a caution sign. More importantly I discussed the risks of so many expirations and analysed both the Wednesday and Friday SPY expiration. Wednesday (the first ever SPY Wednesday expiration) did not disappoint and pinned almost perfectly. Friday on […]

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Open Interest & Set-ups for Week 9/12/16

Finally some movement. Or actually, some HUGE movement very similar to what I was talking about all week over and over again. At the start of the week I mentioned that it was the weak before quad witching and that historically, it brings weakness around it either before or after. That coupled with my reluctance to get too long...

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Open Interest and Set-ups for Week 9/6/16

Another week goes by and another week where SPX closed in range. Next week is a four day week and likely the start to more trading volume and hopefully, but not necessarily, some range expansion. For the most part its very hard to make the case for bulls or bears on a short time horizon. Longer...

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The New 2x Expirations for SPY + Breadth

Last week I was taking in the last bit of summer so let’s get right into next week. Breadth: The two potential themes I am seeing are 1) some signs that could be considered the market being short term oversold and 2) some caution signs of underneath deterioration. A quick recovery of breadth and expansion likely […]

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Open Interest & Set-ups for 8/30/16

Another relatively benign week until Friday which saw more intra-day movement than we have seen for a while. SPX still managed to close within the range it has remained in since the jobs number, but just by one tick. In the end though it is still in its range for now. With that said the...

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Volatility or Rotation & Grind

Last week here I had little to say except that SPY would very likely not close over 220 and that as long as SPY remained above 217, it would be difficult to make a bearish case. The low last week was 217.02, the high 219.50. Perfect range for any short term bulls and bears to go crazy […]

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Open Interest and Set-ups for 8/22/16

What a dreadfully slow OPEX week. Now that it’s over I think things will get better (meaning more movement), but let’s not forget that there are two weeks left of summer. This is a big travel time and thus not the time to be getting into big positions. For the next two weeks I think...

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It’s OPEX Time!

Last week here I summed things up with: In sum: The market strength on Friday is likely to lead to new highs being made; however be aware at the limitations the current breakout has in the near term. Should SPX fall before making a higher high next week, technical support levels will likely be quickly […]

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Open Interest and Set-ups for 8/15/16

Given how unbelievably slow the market was, we did pretty good. Nothing huge, but we have to trade the market we are given. Importantly we stayed out of trouble by not chasing some of the momo’s that had high call strikes. Next week is monthly OPEX and so the open interest will likely not change...

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A One Way Road to What Price?

Last week here I said that there was likely a new high coming, but that gains would likely be limited to 218 SPY. I also said that if SPY dips below 215, it was likely be a buy. There was a new high, there was a pullback below 215 that turned out to be a […]

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Open Interest and Set-ups for Week 8/8/16

The last week was very similar to the one before where overall the market was up and it looked like there was easy money, but we know that minus Monday and Friday it was all chop. BIIB was HUGE and lucky. Those don’t come around that often, but don’t worry I am always on the...

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A Rumbling Below the Surface

Last week in a post titled Reasonable Expectations I wrote: In sum, I wish I had something more impressive to say, but I’m not going to spend time trying to find something that makes me sound smart. The upside seems limited, but trying to time a short without a signal isn’t attractive. Thus for short term traders, […]

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Open Interest & Set-ups for 8/1/16

It’s been a very long consolidation and the movement on the indexes has been slow and choppy, but we have had some good gems so no complaints. The market finally made a new high after working off overbought conditions through time. Does that give us the all clear? I’m going to say no and likely any...

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Reasonable Expectations

Last week here I wrote that the longer term trend was higher, but that there would likely be a pause, chop, and a grinding lower. I was right about all of it except that latter part as there really wasn’t much grinding lower. In fact BEFD (Buy Every F’N Dip) has not let up at […]

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Open Interest and Set-ups for Week 7/25/16

Last week the theme was patience and although I wasn’t expecting new highs,  that patience is what helped us be profitable. There was a lot of chop during the week and if we had piled into weekly long options those options would have been eaten by premium. Think about this, the high two Friday’s ago was...

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Time to Reset

The last two weeks I made it pretty clear to Buy Every F’n Dip (BEFD). Unfortunately for those not well positioned there wasn’t much of a dip to take advantage of. Here is last weeks post. The easy part (for the time being) is likely over. Looking out several weeks though, the market looks set […]

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Open Interest and Set-ups for 7/18/16

Awesome week. We rode the wave and got out many of our positions just in time. As I had explained, when things are working too well it’s time to tighten up while things are good, even if things still look very bullish. At this point I am still bullish looking out a few weeks; however,...

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Open Interest & Set-ups for 7/11/16 – Sample

This was originally published form subscribers on 7/9/16 The premise for last week was that we had to be patient and pick our spots carefully and not expect huge gains even though I was bullish. Most of the week was choppy and as I had said hard to make money with options. Friday was obviously […]

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Keep on the B-E-F-D Train

Last week here I made it pretty clear that my premise was to buy every dip. I actually didn’t think the market would pullback as much as it did, but for those that were buying it was a gift. Next week is monthly OPEX and at the moment SPX has nothing to contend with except […]

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Open Interest & Set-ups for 7/11/16

The premise for last week was that we had to be patient and pick our spots carefully and not expect huge gains even though I was bullish. Most of the week was choppy and as I had said hard to make money with options. Friday was obviously a different story and even surpassed the 212...

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Remember B-E-F-D? Brexit was the Bust Before the Thrust

Last week here I discussed that the market had lower to go, but was in a good position to begin looking for signs of a swing long. First, I admittedly had no idea that swing would come Monday. I highlighted that the market was short term oversold and likely had a bounce coming, but a swing […]

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Open Interest & Set-ups for Week 7/5/16

What an amazing buying opportunity Monday was. Unbelievable move. And how crazy was that quarterly pinning?!? Based on how the rest of the week went, I think it’s more probable that we see new highs before we see Monday’s low breached. Having said that, the market has been in a range for about 2 years...

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How Monday’s Drop & Open Interest Set-up a Long Trade

Over the weekend I posted that there was a good probability of the market going lower before finding a bottom. I’m still not sure if we hit a cycle bottom, but based on the quarterly index open interest and 20-day lows, the risk/reward for a bounce was too good to pass up. As a reminder here […]

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More Downside to Come

I’m back. Thanks for all the congratulatory comments while I was away. This will be a short to the point. For much more relevant information take the premium plunge. If you recall a month or two ago I repeatedly wrote in my posts that the market never reached an oversold reading that is typical of […]

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Set-ups/Open Interest for Week 6/27/16

I’m back. Thank you all for the support and congratulatory comments. Not such a nice welcome back from the market, but at least the big FOMC and Brexit is now done (well the vote not the aftermath). Some of you will recall that a couple months ago I continently said that it is rare for...

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Open Interest for 6/24/16

Hi everyone! Thank you all for the support and comments! The wedding turned out to be AMAZING. It was supposed to be on the beach, but that day there was a storm that came through and it had to be moved indoors, but it was with glass windows/doors and the ocean was still right behind...

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Open Interest for Expiration 6/17/16

Awesome week. The end wasn’t as great, but if you think about all the trades we took it proves two points. 1) Take some off the table when profits are there and 2) leave some on so that you can continue to profit if the stock isn’t done. Easier said than done sometimes, but as...

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Set-ups & Game Plan for 6/13/16

Recall that last week I described the scenario we saw for months when SPX hung around 2050 before finally breaking into a new range and mentioned that we could easily see something very similar around 2100. So far that seems to be the case and with two big events over the next two weeks (FOMC & Brexit)...

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June Swoon or to the Moon

Last week here I took a spin on BTFD and termed BEFD (buy every f’n dip). Is there a difference? Probably not, but I was trying to emphasize that if the market dips, but stays above 2084, it will probably rip back up. That happened 4 our of 4 times last week. At this point […]

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Set-ups & Game Plan for Week 6/6/10

Once again we find ourselves at that 2100 level. Remember how long we stayed at the 2050 level. We could be headed into a similar period of chop around 2100 for a couple weeks until the June FOMC and Brexit is over; however, if that doesn’t end up happening then I think for now we...

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Open Interest for Expiration 6/10/16

My new framed term BEFD worked extremely well last week. We had some really nice plays despite Friday being a dud day. I’m a bit torn about the next couple of weeks in that it’s possible the rally has reached exhaustion and is ready to pullback to shake out some bulls. On the other hand...

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B-E-F-D Until Bulls Fumble

Buy-Every-F*****g-Dip Last week here I proposed that the chop would likely continue and that any gains that came before better oversold readings would likely not hold. The caveat was if we closed and had follow through over 2084. As you know the premise was wrong and the exception instead came into fruition – which hopefully […]

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Set-ups and Game Plan for Week

The chop zone is finally over. Of course it happens after OPEX, which we had thought was a possibility anyway. So does the market now finally get over 2100 and then possibly make all time highs? I would say yes that is likely, but I’m sure there will be some chop and backtesting along the...

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Open Interest for Expiration 6/03/16

Last week was great. I didn’t think SPX would make it over 2084, but being flexible shows that it didn’t really matter what I thought. We are about to enter the summer months so we need to keep in mind that things will be slower (which is hard to believe) on many days. That also means...

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Set-ups & Game Plan for Week 5/23/16

Last week was tiring and challenging, but we totally nailed it. Now that OPEX is over maybe we can get some real price discovery – meaning break the chop zone the market cannot seem to get out of. As a side note, keep in mind that as next week is coming to an end things will...

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Open Interest for Expiration 5/27/16

Last week played out exactly how we anticipated. SPY vacillated through 205, but always found it’s way back. In no way was it easy to play, but we navigated it amazingly well. The chop range is now a bit wider with SPX 2025 being the low end and 2084 being the high end. Now that OPEX...

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It’s That Time Again: Welcome to OPEX Week

Last week here I discussed that the market likely has not seen the lows of this cycle and any news gains would likely be given back. I am still in that camp. I also said that a close above 2083 would make things more bullish. What I should have said is a close with follow […]

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Open Interest for Expiration 5/20/16

The chop continues. It definitely hasn’t been easy to navigate, but we have luckily found several spots of opportunity. Less is more until things become more resolved. Next week is monthly OPEX so the open interest tends to change less throughout the week since these are more popular options than weeklies. The close on Friday...

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Set-ups and Game Plan for Week 5/16/16

Currently SPX is trading in the range of 2039 to 2084. For now it has had a failed breakout over 2083 and unless it can close above 2084 (and follow through) then we assume SPX will either stay in the range of 2039 to 2084 or move below 2039 and create a new range. I...

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Did Friday’s Reversal Give the All Clear?

Apologies ahead of time, but this post will be brief due to my best friends birthday and Mothers Day. Last week here I said that if Friday (4/29) was a reversal and the market traded higher, it would likely be given back and that below 2052 opened the door to more selling. I also highlighted support […]

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Set-ups and Game Plan for Week 5/9/16

A very choppy week that ended above the key support of 2052. At this point, taken together with the open interest, the bulls have the short term edge, but the intermediate is still neutral to slightly bearish. One of the support levels I outlined in last weeks post was 2039 and it held insanely well on...

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Open Interest for Expiration 5/13/16

Well I said I expected a choppy week. The entire week was a very very slow grind lower until magically the 205 SPY calls were saved. There is no way to know if Friday will get follow through or not. The fact that the momentum stocks were so strong definitely makes it seem plausible, yet...

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Set-ups and Game Plan for Week 5/2/16 – Open

This was one of two premium posts  for members posted before week starting 5/2/16 As I said last week, it’s time to begin thinking about selling the rip and not just buying. Even though I had that written and had it in mind, it was much harder to do last week given all the disconnects […]

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Open Interest for Expiration 5/6/16 – open

This was one of two premium posts  for members posted before week starting 5/2/16 Volatility is back – at least for the time being. We knew at the start of the week that there was SPY 210 and 215 high calls. The 210’s never closed and last week SPY got close but was never able to […]

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Mayday! Mayday! Or Just May?

Last week here, I discussed the bulls having the edge, but that any edge they had would likely be limited and possibly given back at the end of the week (I mentioned to look for clues in the SPY open interest). I also mentioned possible rotation into the QQQ’s. I was right about the former […]

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Open Interest for Expiration 5/6/16

Volatility is back – at least for the time being. We knew at the start of the week that there was SPY 210 and 215 high calls. The 210’s never closed and last week SPY got close but was never able to even make it above 210. Even though we knew that was a possibliity, last...

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Set-ups and Game Plan for Week 5/2/16

As I said last week, it’s time to begin thinking about selling the rip and not just buying. Even though I had that written and had it in mind, it was much harder to do last week given all the disconnects (well isn’t it always harder then it would seem?). Now that we are entering...

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Open Interest for Expiration 4/29/16 – Open

This was one of two premium posts  for members posted before week starting 4/25/16 It was a very disconnected week which made picking the right trades challenging. All three days, Wednesday, Thursday and Friday were fake-outs if you will. Luckily we remained level headed and watched the internals. Even though that is what made things confusing, […]

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Set-ups & Game Plan for Week 4/25/16 – Open

This was one of two premium posts  for members posted before week starting 4/25/16 Once again as extreme as it may seem the lack of selling pressure continues to support the bull thesis and thus buying the dip is more attractive then shorting. With that being said, last week at least brought in some selling […]

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Can QQQ’s Get Some Love? And What’s with the 215 SPY Calls?

Last week here I made the case for higher prices, but that they would likely either be slow or hampered. Indeed prices rose, but then were hampered. The week was no doubt challenging as there were may disconnects that began Wednesday and went on through the rest of the week. Over TWTR and Stocktwits on Wednesday […]

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Open Interest for Expiration 4/29/16

It was a very disconnected week which made picking the right trades challenging. All three days, Wednesday, Thursday and Friday were fake-outs if you will. Luckily we remained level headed and watched the internals. Even though that is what made things confusing, it saved us from trying to get short. As I mentioned over and over...

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Set-ups & Game Plan for Week 4/25/16

Once again as extreme as it may seem the lack of selling pressure continues to support the bull thesis and thus buying the dip is more attractive then shorting. With that being said, last week at least brought in some selling in individual sectors and momentum stocks that suggest cracks are beginning to show up....

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Open Interest for Expiration 4/22/16 – Open

This was one of two premium posts  for members posted before week starting 4/18/16 Two weeks in a row the market gave us good opportunity in the beginning of the week, which we took advantage of, and then just sucked premium the rest of it. There is no denying that there is a lack of […]

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Set-ups and Game Plan for Week 4/18/16 – Open

This was one of two premium posts  for members posted before week starting 4/18/16 I have two examples of why the market is strong and why for now buying the dip needs to be more prevalent on our minds than shorting. Last week many of the momo stocks and some ETF’s that I casually watch […]

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Is the high SPY 210 Call Strike Meaningful?

In last weeks post here, the main take away was that there would likely be a break of either SPX 2040 or 2070, but that neither would likely lead to a large move. I also mentioned some breadth divergences that were beginning to creep in, but were not yet at a point that shorting was encouraged. As […]

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Set-ups and Game Plan for Week 4/18/16

I have two examples of why the market is strong and why for now buying the dip needs to be more prevalent on our minds than shorting. Last week many of the momo stocks and some ETF’s that I casually watch got to their high strike calls. Meaning the price slammed right into or went...

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Open Interest for Expiration 4/22/16

Two weeks in a row the market gave us good opportunity in the beginning of the week, which we took advantage of, and then just sucked premium the rest of it. There is no denying that there is a lack of any significant selling pressure right now (more on that in the set-up post) and...

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Set-ups and Game Plan for 4/11/16 – open

This was one of two premium posts  for members posted before week starting 4/11/16 The market has basically been in a range of 2040 to 2070 for two weeks. You could say it’s consolidating gains and creating a bull flag, but for now (and in the short term) I am leaning more bearish than bullish. […]

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