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BULLISH BIAS.... irrational exuberance, BEWARE!


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#11 dTraderB

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Posted 07 December 2020 - 08:30 AM

Macro Charts (@MacroCharts) tweeted at 8:00 am on Mon, Dec 07, 2020:
Option Flows:

U.S. All-Exchange Call/Put Ratio (50dma in red) full history.

Could the next generation of traders & platforms help drive flows structurally higher?

Which regime is this: 1990-2000 (uncapped) or 2004-2011 (near resistance)? https://t.co/7KTb3q6c3O
(https://twitter.com/...1339128832?s=03)

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#12 dTraderB

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Posted 07 December 2020 - 08:33 AM

SentimenTrader (@sentimentrader) tweeted at 10:50 am on Sat, Dec 05, 2020:
Last week, U.S. options traders opened 94.8 million new equity and ETF contracts.

The smallest of traders buying call options - pure speculation - accounted for 20.5 million of those.

At 21.6% of total volume, that's a record high. https://t.co/S3qO9lYtkA
(https://twitter.com/...0551962627?s=03)

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#13 dTraderB

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Posted 07 December 2020 - 08:35 AM


Helene Meisler (@hmeisler) tweeted at 3:23 pm on Sat, Dec 05, 2020:
Saturday Poll results.
53% up
47% down
Thank you so very much for participating each week! https://t.co/ebVxhAffK2
(https://twitter.com/...6298007554?s=03)

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#14 dTraderB

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Posted 07 December 2020 - 08:55 AM

UVXY just above 11
Tempting buy....

Low Volatility Doesnt Mean Smooth Sailing Ahead for Stocks - MarketWatch
https://www.marketwa...d=mw_quote_news

#15 dTraderB

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Posted 07 December 2020 - 08:56 AM

May GRADUALLY build a LONG UVXY position in RISK PORTFOLIO

#16 12SPX

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Posted 07 December 2020 - 09:01 AM

I had to say I had a smile on my face thinking of a few people on here watching the open yesterday afternoon!  Added to my short bringing my average to 3692 then followed it down and was profit stopped out late at 3680 for 12 points and just now have started a short rebuild at 3690.   As I said and wsa proven correct the market does go up,,,,,,and down lol!! 



#17 12SPX

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Posted 07 December 2020 - 10:04 AM

Rats was just putting in for a profit stop at 3689 and was taken out for a 1 point profit.  Am now starting another short build at 3692, this one I will just build on as I'm feeling we could see some selling sometime here today....



#18 gm_general

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Posted 07 December 2020 - 10:28 AM

The Dow is the first major index I see that is flirting with an MACD negative crossover, it backed off of that last week but is trying again.



#19 12SPX

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Posted 07 December 2020 - 11:03 AM

Can't resist added to my short average now at 3694!! 



#20 12SPX

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Posted 07 December 2020 - 11:04 AM

What's most interesting is that there is more volatility during night session trading then daytime.  That's when you know thng's are not healthy!!