Look. The market is overbought. We’re seeing some signals (% above 200DMA) that we haven’t seen in years, and some other signals (ISE P/C data) that we haven’t seen in months. So while it doesn’t make sense to go full on short, how do we still trade this market in the context of the current […]
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Just Closed out an Energy Trade — Made 87% In 2 Days
With this past month’s conveyor-belt bidup, it’s hard to find opportunities with reasonable risk and reward. If you buy a large chunk of equity due to the fear of being Left Behind, you can become the bagholder for someone much more prepared/lucky. The past week Oil and Gas has been on a tear. We’ve had […]
Trading Gold Volatility
Back at the end of August, I mentioned 2 Volatility Trackers to be watching. We focus so much on the VIX, but we also need to be following OVX and GVZ. Well based on the GLD price action and the vol outlook given by GVZ, I thought it was a good time to buy some […]
Potential Treasury Breakout
I track the treasury market by watching TLT– it’s not the most comprehensive way to analyze the overall treasury market but it works. TLT is an etf that tracks the performance of a 20yr treasury bond. It’s actively followed by many investors and has a fairly active options board. Here’s the daily chart, with some […]
2 Volatility Trackers You Should Be Watching
Over the past few years, the VIX has risen in popularity among investors. With the crash of 2008, investors and financial media became glued to the VIX chart, looking for mean reversion or other sets of tea leaves. Because of this exposure I’d say it’s safe to say it’s “Cramer-famous,” which is sort of like […]
Happy Hour Recorded Session 8-26
{+++} You can get the recording here. I’ll add some notes at the bottom of this post as we go along. Short term ES is rangebound from {1020 1034} We’re seeing extreme tick readings on both sides without confirmation from the futures market We’re coiling up from this week, we’ve got GDP and Jobless at […]