2 replies to this topic

[diogenes227]

From the link:

 

 

Today’s recovery was enough to turn up the NYMO which is a cautious buy signal. I say “cautious” because long-term breadth is declining. Consequently, today’s turn could be a dead-cat bounce with the downward slide resuming in short order. It’s a trade worth taking with a tight, impatient stop — in other words for me it better go my way right away or I’m going away.

 

For the rest of the story and the charts:

 

THE OPEN ALWAYS MATTERS

[diogenes227]

From the link:

 

 

Today’s recovery was enough to turn up the NYMO which is a cautious buy signal. I say “cautious” because long-term breadth is declining. Consequently, today’s turn could be a dead-cat bounce with the downward slide resuming in short order. It’s a trade worth taking with a tight, impatient stop — in other words for me it better go my way right away or I’m going away.

 

For the rest of the story and the charts:

 

THE OPEN ALWAYS MATTERS

 

Don't know about the Dow, but in SPY options, today's 300 puts, this cat died in a grand, grand fashion! Up 250% on the day trade.

 

The open matters especially in this most bearish of "bull markets".

 

[diogenes227]

 

From the link:

 

 

Today’s recovery was enough to turn up the NYMO which is a cautious buy signal. I say “cautious” because long-term breadth is declining. Consequently, today’s turn could be a dead-cat bounce with the downward slide resuming in short order. It’s a trade worth taking with a tight, impatient stop — in other words for me it better go my way right away or I’m going away.

 

For the rest of the story and the charts:

 

THE OPEN ALWAYS MATTERS

 

Don't know about the Dow, but in SPY options, today's 300 puts, this cat died in a grand, grand fashion! Up 250% on the day trade.

 

The open matters especially in this most bearish of "bull markets".

 

 

 

 

Sold too soon! Up 338% on the close.

 

THAT DARN CAT!

 

 

Edited by diogenes227, 19 July 2019 - 03:07 PM.