We went into last week knowing we would likely get some back and fill and chop. That information helped us to be patient and not chase in the beginning of the week. We didn’t trade much and we didn’t have grand slams, but we had a few small winners and in last weeks kind of...
Last week was great. We didn’t make too many trades, but we had some real monster winners in some of the ones we did take. Typically the week after OPEX tends to be slower so lets keep that in mind with regard to how much we want to trade next week. Breadth: SPX stocks at...
The market finally corrected with a decent washout along with it. After a market that has gone straight up for over a year that was probably a disaster for most peoples accounts; luckily we managed well by keeping our exposure very minimal while breadth kept signaling overbought. Now with plenty of cash from the money...
Finally after over a month of me showing that we were in overbought territory the market has solidly pulled back from that. I mentioned for weeks that overbought was not a reason to short, but information to keep in the back of our minds so we never got overly long. We did get hurt on...
The First Monday SPY Expiration has Arrived
Last week here I outlined the levels of high puts and calls that would likely act as support or resistance respectively. I also mentioned the possibility of a 270 SPY pin for Wednesday. Although the price action Wednesday morning was tricky to see 270 was still a possibility, if you were looking for the correct […]
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