Set-ups & Commentary for Week 3/16/15

Last week I had expected us to make a lower low, which we got. I also said that I was looking for a bottom within the next couple of weeks. It’s unclear if we have hit a secure bottom yet, but from the looks of it, if we haven’t there probably isn’t much lower to...

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Have We Bottomed Yet? Next Weeks Game Plan

Last week here I wrote that we were likely to bounce, but also to make a lower low. Both did indeed take place. The question now becomes have we bottomed or is there more downside to come and if so, how far? A look at how oversold the market is: 20-day highs went below 5% which […]

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A Bounce and A Lower Low – Which Comes First?

Last week here I wrote that the most likely scenario based on the evidence was a period of consolidation and/or pullback. Based on the open interest I also discussed the drop that would likely happen if we breached the 210 level on SPY more than once. Both scenarios played out and now we find ourselves threatening […]

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Set-ups & Commentary for Week Starting 3/9/15

I was expecting some consolidation with a possible pull-back last week and we got both. I had mentioned that it would be better to buy dips than breakouts and that patience would likely be rewarded. The set-up for next week is going to be tricky as I do expect a bounce, but I also expect...

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Open Interest for Expiration 3/15/15

I mentioned last weekend that the set-up wasn’t as favorable for taking many trades and that patience was going to be key. As usual the open interest gave me many clues as to what kind of market we would be facing and it didn’t favor chasing breakouts or being too eager to buy dips. Next week...

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Set-ups and Commentary for Week Starting 3/2/15

The last few weeks we have been able to ride the trend well and find good opportunities among select stocks. Next week I believe is going to be more challenging because I don’t see good risk/reward for either the upside or downside. My bias is that we have more room to the downside then the upside next week,...

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Open Interest for Expiration 3/28/15

The last few weeks have been great with lots of good opportunities. Unfortunately, I think next week is going to offer less opportunity and might require a bit more patience and tactical trades. The market is near a spot that doesn’t offer much reward in either direction (more about that in the set-ups/commentary post). My...

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A Healthy Market Pause Looming

Last week here I wrote “I took a look at every bullish weekly MACD signal cross since March 2009. In each of the 10 instances, the market continued to make higher highs the following week 100% of the time. Furthermore, in 9 of 10 instances the market also closed higher to end the week. The one instance […]

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Protected: February

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New Year, New Highs, Same Ole Bears

Last week here I wrote that the path of least resistance for the week ahead was higher, which played out nicely. This week, the same is true, yet as a short-term trader I am more cognizant of the psychology starting to shift regarding the current market place as I will explain. Last week, anecdotally speaking, my sense was […]

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Set-ups and Commentary for Week Starting 2/23/15

Last week we again were on the correct side of the market. A couple paper-cuts early in the week were made up for with very profitable trades at end of the week. More and more stocks are looking good, which is bullish; however, often when that happens it’s time to prepare for a mild pull-back/consolidation....

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Open Interest for Expiration 2/27/15

Last week the open interest did a pretty good job of helping us determine ranges as well as  breakouts (such as FB, TSLA) and which ones weren’t ready (such as GOOGL). Next week also has some good ranges and open interests that I think will lead to good trades in these momentum stocks. Lots of them below look...

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Is the Chop Really Over?

After over two months of rangebound choppy action we finally made all time highs on Friday. Those that have fought the recent rally can list a plethora or reasons why the recent high is bearish; however, let there be no mistake that closing at highs is bullish as it has been in every other instance since […]

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Open Interest for Expiration 2/20/15

Monthly expiration is upon us which means the open interest will change less throughout the week and allow us the opportunity to see potential ranges as well as trade them. It also gives us insight into how strong the below momentum stocks are based on how they respond to high call areas that typically align with...

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Set-ups & Commentary for Week Starting 2/17/15

After over two months of rangebound choppy action we finally made all time highs on Friday. This is bullish, especially since it is being met with at or near highs on the other indices. Being bullish though doesn’t necessarily mean it is going to go higher next week as a consolidation period is often followed...

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Open Interest for Expiration 2/13/15

As I said last week I think the open interest has been very useful recently. Sometimes (for instance during trending slower markets) open interest helps, but is more difficult to interpret and play. With the pick up in volatility I am noticing the calls and puts as being much more informative and helpful. Also, as...

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Set-ups and Commentary for Week Starting 2/9/15

We had a good week playing the volatility last week and as of now it appears we had a false breakdown (Monday morning) and are now breaking to the upside. With the recent volatility and still no sold evidence that we will in fact trend higher I will again lay out several scenarios we can...

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Stay On Your Toes Or Be Stepped On

Last week here I wrote that I wouldn’t be surprised if we went below SPY 200 and then went on to test the other side of the recent range at 204. Both did in fact take place before the market then went on to break the wedge that many market participants have had their eyes on. The […]

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Yo We Goin’ Lower Next Week or What?

After last week I haven’t read much except for bearish implications. I too have already discussed that in my posts, particularly the one titled An Intermittent Bottom Perhaps, but Swing Bottom in Question, posted on January 19th. I still do not think the bottom is in; however, I also don’t think there won’t be some shake-outs […]

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Open Interest for Expiration 2/6/15

With all the increased volatility I’m seeing larger strikes on both sides. This is a positive for us because it helps define ranges better and based on how this week plays out (whether we start down or start up) I will use the open interest ranges to find good trades. I noticed that the last...

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Set-ups and Weekly Commentary for Week Starting 2/2/15

This market is definitely making things very challenging. In my view that is a good thing because I strive off challenges and this market is certainly providing opportunities if you can be on the right side of them. I have only a couple of set-ups only because my main focus is going to be on...

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Protected: January 2015

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Next Weeks Road Map $SPY $QQQ $IWM

In last weeks post I talked about a probable bounce, but a new high being in question. We got the bounce and so the obvious question becomes do we see a 2013/2014 move to new highs now or are we putting in a lower high and continuing back into correction zone? With the Greek election outcome, a […]

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Open Interest for 1/30/15 Expiration

This could be a really fun week with earnings and potential run up to earnings. All the ones that have earnings I will post but without comment since earnings can and probably will change them. After earnings I will comment on them regarding what might happen next. I also will likely play weeklies next week. For...

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Set-ups and Commentary for Week Starting 1/26/15

So we got the bounce and of course the big question now is will it take us to new highs or has it now trapped many longs? With the Greek elections not going in the markets favor there is a chance for a gap down tonight/tomorrow. As usual, we are not going to know how...

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An Intermittent Bottom perhaps, but Swing Bottom in Question

As I mentioned in my post One Big Game of F***ery on Thursday, I think a lot of the price action last week had to do with January expiration. Given that it was a monthly expiration and the first one of the year it had quite a large amount of open calls and puts that when being closed or […]

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Set-ups and Commentary for Week Starting 1/20/15

Last week was completely crazy and as I said all week it was one big vacuum of premium. Basically the entire week just seemed to revolve around pinning. Obviously more was at work than that, but it would be hard to deny that options played a HUGE role. Anyway, we did end up going lower...

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Open Interest for Expiration 1/23/15

Now that the monthly January OPEX is over, the pinning will again become a little more muted so the ranges will be more flexible and we can hopefully get better movement in the market. SPY: This one is interesting and I am going to show you two different views. The first one shows where we...

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One Big Game of F***ery!

It’s been a while since I’ve mused, and hoping I begin to contribute more regularly again. Let’s discuss 2015 a bit shall we. What a game of f***ery. Traders love to say the volatility provides such a great environment to make quick dough and they are correct; however, much easier said than done. As much […]

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Set-ups and Commentary for Week Starting 1/5/15

Well well well, not the most fantastic start to the new year. This market is in a very difficult spot as the overall trend is still bullish, seasonality is bullish, selling has not been strong (as seen by the breadth levels), volume has been especially low BUT price action has been very poor the last...

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Open Interest for Expiration 1/9/15

The momentum stocks aren’t acting very well lately. Not only that but they aren’t giving much opportunity because although they aren’t giving large upside moves, they aren’t giving large downside moves either. They are for the most part in no-mans land and hopefully with the new year and portfolio’s readjusting we can see which ones...

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Open Interest Update for Expiration 1/2/15

Happy New Year! The last trading day of holiday trading (a long two weeks, but always a needed break to reset). I will once again go over the updates for all the open interest charts for tomorrows expiration for those of you trading intra-day during this week and need a refresher. I don’t even have hopium...

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Set-ups and Commentary for Week Starting 12/29/15

2015 is about to be upon us!!! Given that not a whole lot changed last week my stance remains the same as last week. The trend is up and I am bullish overall. Regarding just next week though, I am neutral in the sense that some chop and consolidation is definitely a possibility and would...

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Open Interest for Expiration 1/2/15

First time writing expiration for 2015!!! Beginning of the new year, new money coming in, new types of challenges and new ways to make $$$$$$. I have mentioned this once before, but with the popularity of options increasing I am noticing weekly options and pinning has been changing a bit. I can’t conclude anything yet, but...

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Open Interest Update for 12/26/14

Merry Christmas or Happy Holidays! I hope you guys are all taking time off and not trading much. I promise the markets will be there later with many opportunities. Try to enjoy time off when wall street is off and trading volume is pretty negligent. I am updated all of the open interest for those...

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Open Interest For Expiration 12/26/14

The bottom line is the trend is up. Next week is a shortened week and typically a bullish one. I looked at last years open interest charts and how each stock did during this week. (Note, this by no means is an indication of what will happen this year, but I thought it would at...

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Set-ups and Commentary for Week Starting 12/22/14

Simply stated the trend is up. Last week I wrote that my bias was for a bottom to be put in Wednesday and we got that exact thing. I am bullish for next week as you are aware and am holding IWM calls for a swing trade and looking for a breakout. The only thing I don’t...

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Set-ups and Commentary for Week Starting 12/15/14

Following seasonality almost perfectly the market fell out of bed last week. It has gotten pretty oversold on several measures, but could still get more oversold especially with everyone looking for the bounce. As of right now I still do believe we rally into the new year. What gets me a bit nervous is that...

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Open Interest for Expiration 12/20/14

Next week is monthly expiration so there is more calls and puts on each side that can push stocks around. VIX also expires on Wednesday morning. This month is one of the first in a very long time that there are more puts then calls so it seems people didn’t buy protection which probably exacerbated the sell...

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Set-ups and Commentary for Week Starting 12/8/14

The market is still very tight and rangebound with a more upside bias. It hasn’t done much over the last few weeks except for slowly creep up with tiny pull-backs not really letting anyone in. There is no saying how long that will continue. Seasonally next week tends to be the weakest in December (the...

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Open Interest for Expiration 12/12/14

With the momo names not doing very well lately I don’t see much edge with most of these below. My favorites right now are FB and GS to the long side. If some of the others can start to pick up next week then it would be really constructive since most of them are no in...

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Set-ups for Week Starting 12/1/14

Friday didn’t end on a high note and didn’t ramp into the close. Those are things that warrant our attention, but unless we see any follow through next week then path of least resistance is higher. Below I have set-ups mostly to the long side except for one. As promised I am going to give...

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Open Interest for Expiration 12/05/14

SPY: For right now the range is 204 to 208. I don’t want to make predictions on what next week will look like cause although some of Friday’s action seems indicative of the rally being long in the tooth, it’s hard to make much about holiday trading. We need to see some downside follow through...

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Set-ups and Market Commentary for ThanksGiving Week

Thanksgiving is next week and speaking strictly from a seasonality viewpoint it tends to be bullish. Volume will be light so we could see some big swings in stocks. Note that if you buy weekly options you should probably try not to hold them after Wednesday (unless as a lotto) because the market is closed...

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Open Interest for Expiration 11/28/14

Next week is light with the market closed on Thursday and only a half day on Friday. Thanksgiving week also tends to be positive so there could be some good moves in stocks with light volume pushing them all over the place….also means you should be quick to take profits on winners. Having said that...

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Identifying Market Trends in its Simplest Form

At the heart of technical analysis is the so-called “trend.” You can simplify the market trend into three categories: up, down, and sideways. They can further be categorized by time: primary – months or years secondary/intermediate – weeks or months short-term – days intraday – minutes or hours The trend length of interest is determined […]

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Set-ups and Commentary for Week Starting 11/16/14

Here we are again pretty much in the same place we were last week and the week before….sitting at all time highs after a massive run and chopping sideways. This again is considered bullish; however that doesn’t mean it’s bullish in terms of next week or the next few days. When we think of next...

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New Highs From the Infamous V….What’s Next?

For market commentary, open interest and intra-day/week set-ups, check out a subscription. Last week I admitted my surprise at the V-shaped recovery, but disclosed that I had drank the Kool-Aid and saw the recent move as bullish with more upside ahead. That was the correct call and we indeed made new highs. I pointed out mid-week on Twitter that […]

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Open Interest for Expiration 11/14/14

Open interest is a unique way of looking at things when trading that most people don’t utilize not knowing how beneficial it really is. It sometimes can help make trades, but what is underrated is its ability to prevent you from taking trades when you know the risk/reward isn’t in your favor (like this last...

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Set-ups for Week Starting 11/10/14

We are in a very tricky spot in the market right now. We reached all time highs and after a huge V-shape recovery and spent most of last week digesting the move. As I mentioned last week, over the last two years the 2 weeks after making highs from a V-shape recovery tend to be...

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Drinking the Kool-Aid and it’s Potent!

For market commentary, open interest on momo stocks, and intra-day/week set-ups, check out a subscription. A couple weekends ago, I suggested that we had likely saw the end to V-shaped bottoms. I could not have been more wrong in that presumption; however, was quickly able to adapt as I mentioned last week in my SassyMusings […]

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Set-ups for Week Starting 11/3/14

Well as I stated already, I was wrong about no V-bottom. We got the biggest V-bottom of all. As I mentioned mid-week in SassyMusings and in one of my morning updates I may be drinking the kool-aid, but I think this rally still has room to run. The reasons I am in this camp is I still...

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Open Interest for Expiration 11/7/14

SPY: My bias is for rangebound chop to higher next week (also see GS with regard to overall market). A pull-back is part of rangebound chop so if we get a pull-back the first place to look for support is 198. If that doesn’t hold 196 is the next good support.  AAPL: Has room to...

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Update From R.I.P V-bottoms to Rip Your Head Off #SassyMusings

Ok so my Rest In Peace V-bottom post a couple weekends ago was obviously a horrible title. The message within it was so far* pretty off in that I expected a drop back to the lows or lower lows after a decent size bounce. I certainly did not expect the bounce to take place so […]

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Morning Note for 10/29/14

There is no telling what Janet will say or how the market will take it. What I will say is that after looking at lots of charts it does seem like this move can and likely will go higher. Many charts look like they are ready for big breakouts, breadth is expanding, SPX made a...

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Set-ups and Market Commentary for Week Beginning 10/27/14

Let’s be honest here, this market is completely bi-polar and for the most part crushing people. Taking a step back a few weeks ago to trade very short term was a brilliant move in hindsight. In fact, these past few weeks have been a great trading environment for anyone who was able to adapt and not...

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Open Interest for Expiration 10/31/14

There are a lot of earnings coming out next week so most of these I think we will need to reassess after they report.   SPY: For right now this appears bullish with 195 as support. My current bias is it will stay above 195 till at least Wednesday’s FOMC meeting. If it loses 195...

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Morning Note For 10/24/14

GM everyone. I am fairly surprised to not see us lower upon the Ebola news last night. I will say that I really don’t see much edge going in to today. We have had a really great weak and the last thing I want to do is give back some profits before my weekend. I...

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Morning update for 10/22/14

GM – what a week it has been and it’s only Wednesday morning! Going back to my weekend write-up this was the move I was leaning to (albeit I did not expect it to happen in 4 days as u can see below). In both those scenarios I am looking for a target of first...

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Morning update for 10/21/14

GM – Futures up nicely this morning. Not only does this not phase me, but I was hoping for this scenario. As I said over the weekend I would like to see us rally the first part of the week so that we can look for opportunities to fade. Now I’m sure you are asking,...

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R.I.P. To V-Bottoms – What’s Next?

In last weeks post, Destruction!!! What’s Next??? I noted that the V-bottoms we knew and have become accustomed to over the last two years might have been coming to an end. I also noted that there was strong evidence we would see a bounce, but that the bottom was likely not in. I clearly laid out […]

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Open Interest for Expiration 10/24/14

Overall I see a lot of opportunity with these open interest charts; however they all have to meet certain conditions. I have notes on them all, but the main premise is we want to get a strong market bounce next week so that price gets over many of these high calls. Then we want to...

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Set-ups and Commentary For Week Starting 10/20/14

There is no doubt that this market is really tricky right now and there is no telling where it’s going to go. To say that a bottom is in I think is currently premature. We got very oversold and relieved much of that with the bounce on Thursday and Friday; however the strength behind the...

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Morning Note for 10/17/14

GM – As of now things are looking great for the open. For the most part we were very patient this week and then getting long and holding it overnight was a good choice. I am going to outline a few open interest charts that I think can provide opportunities for you day traders. I...

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Tuesday Morning 10/15/14

As I have been pointing out the conditions are definitely in place for a rally minus a TRIN over 2.  In the last two years not every condition to bounce had to be met, which is more proof that this time is different (as if you didn’t already know). A TRIN reading over 2 would...

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Morning note 10/14/14

GM- I figured this would be easier than posting a million things on TWTR. So here is the deal. We are no doubt oversold. This is not a secret and pretty much everyone knows that, which I feel is the danger in catching a bounce. However, I see nothing compelling right now about shorting. This...

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Destruction!!! What next???

When trying to think of a title for this post, really the only word that came to mind was “destruction.” Although the market had already been going through stages of destruction for weeks, seen by looking further back at the Russel 2000, the energy sector, or even just how many individual stocks have been failing to […]

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Set-ups and Commentary for Week Starting 10/13/14

Last week was no doubt tough, but I felt that we actually managed pretty well. Definitely took some losses, but luckily made them up with some nice gains elsewhere. I am not in a rush to start putting swings on so next week I am going to look to play bounces and then see if there...

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Open Interest for Expiration 10/18/14

SPY: I am going to show you one look of the SPY open interest here and then a different look in the set-ups section for reasons you can read there. In terms of this look it’s not very telling except if we can bounce hard than we can try to anticipate a move back to...

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Set-ups for Week Starting 10/6/14

If you haven’t had a chance to read my overall picture then read it here. Basically, I don’t feel confident that we definitely put in a good low just yet and am waiting for a few more signals. In the meantime there are really great long set-ups so if that was the low these set-ups...

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Vertically Higher or Vertically Challenged – Market Update

Here’s the thing about these shallow V-shaped pullbacks hallmark of our market since the end of 2012 – everyone knows that they won’t last. As we potentially approach the eleventh straight vertical rally from a shallow pullback, the anticipation for the one that finally fails is once again heightened. I too fall victim to this anticipation and find […]

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Open Interest for 10/10/14 Expiration

Looking at the overall open interest there really is no overall theme that can help clarify if we are indeed ready to take the market vertically higher or put in another low. Note: I am skipping PCLN as it has not been of much use recently. I will bring it back when and if it gains...

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Inside the Mechanics of a V-shape Reversal

I don’t know if today’s candlestick hammer in the S&P 500 represents the low that will take us back to new highs, but it should come as no surprise if it does. If the market follows the protocol over the last two years then the odds are high that the low is in for now. Over […]

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Finding That Bottom & Why I Bought GOOGL Today

Every once in a while preparation meets luck and magic happens. Yesterday afternoon I tweeted this to my subscribers    This morning per my thoughts above I was patient and waited to see if we flushed. I know I could have been wrong, but easier to be wrong while waiting patiently on the sidelines instead […]

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Determine Your Next Market Move

Last week here  I discussed how the start of the week would likely determine the next short term move. On Monday after failing to move higher and based on the instances I highlighted in that post, we were able to determine the risk/reward favored a further pullback. On Monday I tweeted out:  In that case things […]

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Open Interest for Expiration 10/03/14

With the rally that took place the end of Friday, it just puts us back into rangebound chop. It leaves things in a very uncertain place with no trend. It could be that we hit a bottom already and we fly back up or it could have been just been some oversold levels relieving themselves. I...

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Set ups for Week Starting 9/29/14

So I have good news and I have bad news. The bad news is that it is very uncertain if we reached a low and will now rally back to highs. The good news is that based on the last couple years, we should know very early in the week. I will highlight that information on...

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Bad Breadth? New Highs? How About Some Sassy Insight…

  Irony at its finest! Ok, so maybe breadth is not breath, but you get the point. Of course the poor breadth measures that I’m sure you have read about is anything but a call for the bears to hibernate. The fact is, based on weakening internals, seasonality, and other facts that I have read […]

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Set-ups for Week Starting 9/22/14

I’m sure you have noticed that this current market is extremely tricky. I for one can’t recall a time where the people I follow and talk to (including some hedge fund and institutional guys) are so split in their opinion of what is going forward. Notice I used the word “opinion.” Since really this market...

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Open Interest for 9/26/14 Expiration

The note I provided in the set-ups is pretty much the same note I am putting here. We are in a very uncertain environment and unfortunately this open interest doesn’t provide too many clues about the overall market (except for adding evidence that the market is in a very odd spot). One thing I am...

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Bears, Don’t Get Excited Just Yet

For those of you following my blog you know that I have had two posts regarding the last two-years of V-shape bottoms and what their history tells us. If you missed them, you can view them here and here. I have been keeping track of the most recent V-shaped bottom from August 7th and comparing […]

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Set-ups for Week Starting 9/15/14

I have some overall comments about the market in the open interest post, but just to reiterate, next week I think is very tricky. The market is very neutral here. I can see how it looks bearish, but you also know how many times that happens and there is no follow through. Plus we have...

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Open Interest for 9/20/14 Expiration

Next week is monthly expiration and triple witching so it’s a big OPEX. The calls and put walls tend to hold fairly well during monthly OPEX. Having said that I think next week is going to be very tricky. The market itself looks a little heavy; however, we just had a great breakout in financials,...

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Set-ups for Week Starting 9/8/14

Lately I haven’t been taking many swing trades because the trend – although up, has been lacking momentum. My bias for next week is sideways to higher; however until we see real follow through (up or down) then I think side-ways chop is most likely. Given that we are in a bull market, as usual pretty...

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Open Interest for Expiration 9/12/14

Next week is all over the map. I really think it’s better to see how things shake out early in the week because I get the feeling that these open interest graphs are going to shift around a lot next week. Also, be aware that there is a theory going around that momo’s will sell...

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More For the Bulls to Cheer

The hallmark of this bull market has been rotation and for this rally to continue further that is what I expect will be the case. I tracked new highs from V-shaped reversals from late 2012 to this most recent pull-back and based on the average returns and length of the rally, the market has more upside […]

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Set-ups for Week Starting 9/2/14

We might get new money flow next week, but the way I see it is we will have more rotation than huge rallies in the indexes. We have a shortened week so be careful with weekly options. I am actually not too excited about most of the momo names (you can see my open interest...

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Open Interest for Expiration 9/5/14

Based on all the open interest I expect mostly chop next week and see more opportunities in fading rallies than going long them. When I say that I don’t mean that I think they will drop hard, but that if they get over their call walls and don’t keep running it’s probably worth selling a...

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Another V-Shaped Rally to New Highs, What’s Next?

Since 2013 V-shaped bottom’s have been the modus operandi and this recent one has been no different, the S&P 500 rallying to new highs only 15 days after a 4.3% correction. Above is a chart that highlights all of those rallies from the bottom to the where the rally begins to stall and consolidate before then […]

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Set-ups for Week Starting 8/25/14

Well, pretty amazing run. The way I see it right now is that SPX ran huge, but not all stocks participated. In the last two years every time we get a V-bottom we don’t end up having much of a retrace. We typically chop for a while before new highs. So if the indexes spend...

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Open Interest for Expiration 8/29/14

SPY: Well as if 200 wasn’t going to be resistance anyway. Let’s see if price gets over those calls and if the OI shifts. SPY could use a rest anyway.    AAPL: This is the first time in a really long time that the puts are this high compared to the calls. AAPL may be...

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Guest Post: NRG Bullish Option Trade

Guest post written by Jerremy Newsome: @newsomenuggets After reviewing the energy sector I came across NRG, which broke through strong resistance in March after two failed attempts in October (see arrows). Recently the stock has retraced its entire bullish wave {from March to late June} back to that support at $29.00.  On August 19th a one […]

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A Look at Breadth During Corrections Over 5% Since March 2009

Above is a chart displaying each correction over 5% since the March 2009 bottom (plus the recent 4.3% decline) color coded to the percentage of stocks that traded above the 50-day moving average during the correction. The following is based on an idea I got from Charlie Bilello’s work about the types of corrections we have […]

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Is The Easy Money Over?

Since the recent 4.3% correction/pull-back from the high of 1991 on July 24th to a low of 1905 on August 2nd we have rallied 3.1% in just six trading days. The S&P 500 closed slightly above the 50-day moving average and based on recent market behavior after pull-backs, it would seem the easy money has been […]

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Set-ups for Week of 8/18/14

I’m not sure what to expect next week. We have come a long way from 1900 in a short period of time and SPX held above the 50-day. However, as large as that moves seems it could still be a bounce. Holding the 50-day next week will be good and will lead me to think...

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Open Interest for Options Expiration 8/22/14

SPY: As of now this tells me we see some chop next week. If SPY does get over 197 and those calls don’t close out or it doesn’t convincingly get over them then it’s possibly worth a shot to get puts at least as a hedge since we have longs.  AAPL: Nice close Friday, has...

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Taking Out the Premium #SassyMusings 8/14/14

That is what the market was up to today. Good job to anyone that sold premium this morning. Yields going back down and supposedly banks are a tiny bit (as in barely) more loose with their lending so go get that mortgage. GRUB was a huge win yesterday in case you missed me bragging about […]

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A Whole Lot of Nothing Going on, but…#SassyMusings 8/12/14

But….I met Josh Brown who is one of the nicest most dynamic men I have ever met and look forward to upcoming interactions with him. I got to meet Barry Ritholz for a second as well; a bonus to an already awesome experience.  Now regarding the markets today. Meh. They staged a small bounce in the […]

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