Just in case anyone was wondering, this is NOT a data error. Tony double checked it for me. The OBSG is flashing a Buy and has been for a couple days, now.
Buy?
Started by
OEXCHAOS
, Jul 02 2020 09:16 AM
11 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 02 July 2020 - 09:16 AM
Mark S Young
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#2
salam
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Posted 02 July 2020 - 09:29 AM
3095 was the key pivot.... where I got stopped out.
Far too many bears, far too much liquidity sloshing around.
i has an opportunity yesterday to buy @ 3070 yesterday, but chose to do a long hike and turn off the pc instead.
Buy the dips!
I'm not sure what my future holds... But I know who holds it.
#3
orange
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Posted 02 July 2020 - 10:22 AM
I'm still trying to find a way to account for the put/call ratio being so low. Maybe this is a new normal?
It's been rising steadily over the last few weeks as we consolidating gains on some indices.
"When your position is underwater, average down" - Professional Trader
#4
LMF
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Posted 02 July 2020 - 10:41 AM
The AAII data this morning is still looking good for the bulls, with bulls minus bears = -23.7
#5
salam
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Posted 02 July 2020 - 10:42 AM
Orange
Price, sentiment, liquidity .... trumps so many useful indicators.
7 sentinels on a sell....
Maybe... this time is different!
Price, sentiment, liquidity .... trumps so many useful indicators.
7 sentinels on a sell....
Maybe... this time is different!
I'm not sure what my future holds... But I know who holds it.
#6
12SPX
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Posted 02 July 2020 - 10:47 AM
I'm still trying to find a way to account for the put/call ratio being so low. Maybe this is a new normal?
It's been rising steadily over the last few weeks as we consolidating gains on some indices.
Daily means very little, gotta look at least at the 10-day. The one good thing though is that call premiums in actual options aren't expanding as much as I thought they would but put prices are collapsing so odds are for some selling may be coming up. I covered my sold puts this morning at the pop higher!
#7
OEXCHAOS
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Mark S. Young
Posted 02 July 2020 - 10:59 AM
Orange
Price, sentiment, liquidity .... trumps so many useful indicators.
7 sentinels on a sell....
Maybe... this time is different!
Do not forget implied volatility. That's motive for Buy/Write programs and, if needed futures hedging.
M
Mark S Young
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http://wallstreetsen...t.com/trial.htm
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#8
OEXCHAOS
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Mark S. Young
Posted 02 July 2020 - 11:49 AM
This is the relative VIX from a couple days ago. Not a lot has changed. VIX is still remarkably high.
Mark S Young
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#9
steadyquest
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Posted 02 July 2020 - 03:14 PM
A five year chart of NDX with dollar variance removed. Appears to be at the top of the channel and the extension above the 50-week is pretty comparable to the February top. Ripe for a correction?
#10
Dex
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Posted 02 July 2020 - 03:19 PM
Just in case anyone was wondering, this is NOT a data error. Tony double checked it for me. The OBSG is flashing a Buy and has been for a couple days, now.
Do you have that info broken down by index e.g. NASDAQ, S&P, RUT?
My guess there are a lot of TECH shorts out there.
So TECH might be a buy but others a sell.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
