Last week here I stated that the edge continued to remain with the bulls, but that I expected a slow and rangebound week. Obviously, I was wrong in that I didn’t see the range breaking to the downside; however, minus the drop on Tuesday, the rest of the week was definitely slow and rangebound. I also […]
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 […]
All day long, WTF goes through my head. Musk had a mixed day…..TSLA taken out back, SCTY rises like the sun (except in NYC where it never rises anymore). PCLN almost did a round trip. Get it, “trip.” Ok never mind, lame I know. If you think you know something, you don’t. Or I don’t. […]
Now the third time I got to recycle that picture. It was inevitable that a Tuesday would fail. I’m sure you knew that….I hope you did. Yesterday wasn’t much fun for me. I didn’t enjoy missing out on the bounces, but I stuck to my plan and today was good confirmation of why I have […]
I’m like you, I want to score big with some long or short naked option buys. It’s a great feeling when I buy calls or puts and I get in just at the right time and get out before the trend moves against me. That kind of trade requires a great deal of attention to […]
April OPEX
Last week here I laid out reasons why both the bulls and bears should curb their enthusiasm. The open interest suggested that price action would likely be rangebound, with a slight edge to the bulls. As the week progressed and the market moved lower, the open interested shifted a bit not giving much of an […]
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