Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
Category: Charts/Essays/Reports
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
Trend Qualification and Trading
A key to trading is determining what personality the market is exhibiting at any given time. Is it trending; is it range bound; are breakouts getting follow through? Once the “type of market” is identified, trading actually isn’t that hard. If the market trends up, you’ll buy dips or breakouts. If the market is range […]
Bullish Wedge Forming on S&P
Quick post here. I’ve shown and talked about the bear flag forming on all the indexes. Now we have a new pattern that is potentially bullish short term. A falling wedge is forming that could certainly push the S&P up to prior support near 1260. I’m still bearish long term, but short term you gotta […]
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
Identifying Bear Market Bottoms and New Bull Markets by Paul Desmond
Here’s a link to a report written by Paul Desmond of Lowry’s about using 90% up/down days to help identify bear market bottoms. The report is posted for free at Lowry’s, so I don’t think I’m violating any copywrite laws by posting it here. It was written in 2002, and other than my desire to […]
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
A Forced, Optimisitc Vantage Point
You guys know my stance. My bias is to the downside. The drop we have had off the highs is not a pullback within an uptrend, it’s the beginning stages of a bear market. Given this I want to try my best to offer a bullish view…or at least a glimmer of hope.
This Time Could Be Much Worse
Here’s the S&P 500 chart going back 15 years. We had a big rally during the late 90’s…a big sell-off from 2000-2002…a big rally from 2003-2007…a big sell-off from 2007-2009…a big rally from 2009 to 2011…and now we’re in the beginning stages of a big sell-off.
Were You Too Bearish Heading Into Last Week?
I again hope you weren’t too bearish heading into last week. The indexes were range bound and in the middle of their ranges, but there were many decent long set ups and nothing to play on the short side. Our flexibility and open-mindedness paid off again. While so many people still are positioned for a […]