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OPEX Time

Last week here I stated the open interest favored higher prices and was “notably bullish.” I showed that there were no calls in the way of making new highs, something that doesn’t happen very often. And now here we are at all time highs. Open Interest: SPY-W: SPY-W: (36 of 44 pins since Wednesday expiration inception).* The current […]

Does the Energizer Bull Have any Battery Left?

Last week here I suggested that there was likely a new high to be made. That indeed worked out, but for the first time in a while some cracks* began to show late in the week. I am not ready to call for a pullback and would not be surprised to see another new high […]

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 […]

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 […]

This Market is on Crack Yo, Part III #SassyMusings 5/8/14

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. […]

Bird Down Part II #SassyMusings 4/29/14

I am recycling pictures from last earnings. Honestly not sure why so many people went long TWTR before earnings. Not that I’m hating, but it wasn’t like they did anything meaningful to make me think metrics had changed. Plus even earnings beats have been beaten up this season. Anyway, if you are down, I am […]

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OPEX Time

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Does the Energizer Bull Have any Battery Left?

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A Bounce and A Lower Low – Which Comes First?

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New Year, New Highs, Same Ole Bears

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This Market is on Crack Yo, Part III #SassyMusings 5/8/14

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Bird Down Part II #SassyMusings 4/29/14

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