13 replies to this topic

[diogenes227]

[hhh]

The patient is dead?

[LMF]

On TQQQ......price hasnt done didely squat yet in December. Should reach 3 percent above the 15 min upwave......big zippo on that one. Around 5 percent or more above the 5 min 200 ma.......a massive zippo on this one. Shoot, 9 percent above the 5 min 200 would get the gold medal, and were struggling to just get to 4 percent. Its still market maker Amateur hour here......

[jacek]

Yet, the pattern suggests another gap up tomorrow?

[Harapa]

Here is the answer.

Edited by Harapa, 17 December 2019 - 05:47 PM.

[da_cheif]

On TQQQ......price hasnt done didely squat yet in December. Should reach 3 percent above the 15 min upwave......big zippo on that one. Around 5 percent or more above the 5 min 200 ma.......a massive zippo on this one. Shoot, 9 percent above the 5 min 200 would get the gold medal, and were struggling to just get to 4 percent. Its still market maker Amateur hour here......

tqqq hasnt what?     https://c.stockchart...r=1576624405380

[robo]

The gamma neutral data does indicate a possible short covering move for the SPX, but I will remain flat.  Waiting to see how it plays out....  Will the call sellers be forced to cover?  We shall see, but for now the trend remains up.

 

https://viking-analytics.com/why

 

https://www.investin...utral-200490061

 

 

https://viking-analytics.com/

 

Good Trading!

 

Daily....  remain long.....

 

https://stockcharts....268&a=707467302

Edited by robo, 17 December 2019 - 06:44 PM.

[robo]

Will The Last 2 Weeks Of 2019 Be The Inverse Of 2018?

by Tyler Durden

Wed, 12/18/2019 - 12:25

 

Authored by Erik Lytikainen via RealInvestmentAdvice.com,

Every professional investor knows that month-ending, quarter-ending and year-ending timestamps are important. Throughout the year, positions are hedged against these timestamps, and as a result, the year-ending option expirations almost always have the highest open interest. Generally, the higher the open interest the greater the volatility and financial risk.

Last December, in and around the final option expiration of the year, the S&P 500 fell by nearly 300 points. This dramatic decline coincided with a spike in market gamma as shown below. It is my view that this decline was furthered by forced selling by the put sellers who needed to sell the S&P 500 index to cut their losses. 

As we approach this year and the S&P 500 continues to grind higher, we may be facing the inverse of last year. Call sellers are beginning to feel more pain, as evidenced by a first-time spike in Forecast Gamma Neutral in my December 17th report.  While I am not saying that stocks will melt up through the remainder of the year, the possibility of that scenario playing out is looking more likely.  The chart below shows the relationship between the cash value in the SPX and the metric that I call Gamma Neutral.

 

SPX Value versus Prompt-Month Gamma Neutral

 

 

https://www.zerohedg...be-inverse-2018

 

 

 

 

Edited by robo, 18 December 2019 - 12:54 PM.

[LMF]

Another session of Jack Didely Squat on TQQQ......no price highs that mean anything this month. But now 2 dark stick up days on the daily chart......this has a shot to resolve ok.

[tsharp]

 

My fractal work seems to suggest one more push upward to complete wave-c:x:2... watching.