Want to add another 10 or 15 QQQ puts on huge spike up after FED thing and "good progress" on Trade talks
NQ diving now but this could be temporary (he hopes!)....
IF MARKET DOES NOT ZOOM AHEAD AFTER THE FED announcement, then sell sell sell
It's been mainly hit & run NQ trading for me last few sessions, 4 lot (2-1-1) positions.
FAANG Stocks Weak, Drag Down Influential NASDAQ 100 Tom Bowley | January 30, 2019 at 09:00 AM
Market Recap for Tuesday, January 29, 2019 It was a bifurcated and trying day on Wall Street. Bifurcation isn't necessarily a bad thing as some indices will simply outperform others on certain days and short-term trends in that regard can mostly be ignored. But one problem throughout this cyclical bear market is that the more aggressive NASDAQ 100 ($NDX) has been lagging the benchmark S&P 500 and it's been rather consistent. Generally, when the NDX lags, the overall market is not performing very well. Here's a look at the past decade: ...
Market Recap for Tuesday, January 29, 2019
It was a bifurcated and trying day on Wall Street. Bifurcation isn't necessarily a bad thing as some indices will simply outperform others on certain days and short-term trends in that regard can mostly be ignored. But one problem throughout this cyclical bear market is that the more aggressive NASDAQ 100 ($NDX) has been lagging the benchmark S&P 500 and it's been rather consistent. Generally, when the NDX lags, the overall market is not performing very well. Here's a look at the past decade:
Over the past decade, there have only been four times when the weekly PPO of the NDX:SPX ratio has dropped below the centerline (red circles). The red shaded areas highlight the absolute and relative performance of the NASDAQ 100 during these periods. When the PPO is negative and the ratio is beneath its 20 week EMA, the best that the NDX does is consolidate. One worry I have is that this very influential index (NDX) is turning back down vs. the benchmark S&P 500 and is currently below the 20 week EMA. This relationship needs to change for the next bull market to emerge.
https://stockcharts....nasdaq-100.html