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#1 OEXCHAOS

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Posted 30 April 2021 - 10:16 AM

So, last night, I noted that the OEX P/C was REALLY high, and that the VIX P/C fell hard. That suggested to me that somebody big and maybe smart was leveraging short the market, and that the smart money was also taking off short implied volatility plays.

Then, I saw that Financial Commercial Paper yields were at multi-year lows again. Why?

 

Somebody knows something's up.

 

I don't expect anything long-term, but maybe a few days could get ugly.

 

Mark


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#2 slupert

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Posted 30 April 2021 - 10:27 AM

Trouble in Paradise? Ready to roll over?  https://schrts.co/EBjSsgEz



#3 redfoliage2

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Posted 30 April 2021 - 11:02 AM

I see it should be fine next week .........................



#4 redfoliage2

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Posted 30 April 2021 - 11:18 AM

More likely a short squeeze in the cards for next week as the market has been basically on a consolidation at high for the entire week ................


Edited by redfoliage2, 30 April 2021 - 11:21 AM.


#5 slupert

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Posted 30 April 2021 - 01:23 PM

More likely a short squeeze in the cards for next week as the market has been basically on a consolidation at high for the entire week ................

I'm long the ES, Looking for Monday Morning, beginning of month pop. then fade. (JMHO)



#6 redfoliage2

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Posted 30 April 2021 - 01:58 PM

Some funds could not wait for next month and started loading up tech shares today.....,,,,,,

Edited by redfoliage2, 30 April 2021 - 01:58 PM.


#7 pdx5

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Posted 30 April 2021 - 04:10 PM

“One of the best-known investment axioms is to “sell in May and go away,”” wrote Ryan Detrick, chief market strategist for LPL Financial, in a note.

It certainly seemed to apply to trading on Friday, the last day in April. Historically, investors sell stock in May ahead of vacation, the narrative goes, and returns for the six months after May are weak, historically. The average S&P 500 return for May is below 1%, dating back to 1950, according to data from LPL Financial. That makes May the fourth-worst month for the stock market. The S&P 500, on average, drops 1.7% in the six months after May.

 

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#8 redfoliage2

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Posted 30 April 2021 - 04:19 PM

Thanks to the Fed things have changed, it's now sell every month at the end and buy every month at the beginning .....................



#9 andr99

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Posted 30 April 2021 - 04:25 PM

I believe this year it will be ''sell in June'' as we're going to rise for the whole May in my opinion. I don' t see the market ready to correct here.......


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#10 pdx5

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Posted 30 April 2021 - 04:46 PM

I believe this year it will be ''sell in June'' as we're going to rise for the whole May in my opinion. I don' t see the market ready to correct here.......

That would work well for my selling plan banana.gif


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule