From 8/7/14 low 1904.78, the SPX has advanced 2.65% in 5 trading days. However, the extra 1% pickup above 1940 over the past 3 days has not been accounted for, as far as short-term T-bills are concerned. The yield on the 2, for example, has dropped 14 basis points since 7/30/14 and continued to decline after 8/11/14.
Sell Into Strength
Started by
TechMan
, Aug 13 2014 10:59 AM
31 replies to this topic
#22
TechMan
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Posted 15 August 2014 - 07:48 AM
After the doubleheader on 8/13/14, there's the 3rd save yesterday, 8/14/14, also before the opening bell at around 9:00am. Here we are again right in that time zone. So, we'll see.
I'll also be watching the Dollar. Something's going on with the rapid range expansion for no apparent reasons. There's that mysterious spike at 2:30am and the gap-down at 8:30am followed by the swift reversal before the opening bell at 9:05am.
#23
TechMan
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Posted 15 August 2014 - 09:40 AM
Open new short - QQQ 97.63 Sep put at 1.52 - while still keeping 96.63 Sep put open. Above 98, I'm out.
Good luck and good hunting.
More later.
#24
risk_management
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Posted 15 August 2014 - 09:55 AM
Great job Sir. You are an asset to the board.
#25
TechMan
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Posted 15 August 2014 - 10:06 AM
Closed 97.63 Sep put at 2.02 (+32.89%) and 96.63 Sep put at 1.55 (-4.32%) for a combined +28.57%.
Waiting to re-load.
Later...
#26
bigbud
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Posted 15 August 2014 - 10:59 AM
Norway got rid of some oversold today, so exited longs.
Still possible that this was just a bounce-B in ABC-correction... or we have finished A-up and going down with B-down in a bigger ABC-bounce.
Really not sure... but still favor the ~12 day bounce/shoulder topping late August. No lower low next week, but a higher low, and a last squeeze C-up late Aug
Youtube JBCycles
#27
TechMan
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Posted 15 August 2014 - 02:03 PM
Traded in and out couple of times. Alright, here's putting in my last trade before the weekend. Bought my 97.63 Sep put back at 1.78. Stop near 97.63.
#28
TechMan
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Posted 15 August 2014 - 03:11 PM
Not much going on. Didn't get the volatility expected in the closing hour. Out at 1.76 (-1%). Now that OpEx is over, volatility should return next week and make it another great week for traders.
Ukraine? Yeah right.
#29
TechMan
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Posted 15 August 2014 - 03:20 PM
Great job Sir. You are an asset to the board.
Much obliged, Sir. Sorry almost missed your comment.
#30
TechMan
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Posted 15 August 2014 - 03:21 PM
From 8/7/14 low 1904.78, the SPX has advanced 2.65% in 5 trading days. However, the extra 1% pickup above 1940 over the past 3 days has not been accounted for, as far as short-term T-bills are concerned. The yield on the 2, for example, has dropped 14 basis points since 7/30/14 and continued to decline after 8/11/14.
Obscene.
