90 replies to this topic

[12SPX]

profit stop 4180, will buy a little lower....

[12SPX]

Out for a 7 point profit....

[12SPX]

Starting another long build at 4175...

[12SPX]

Boom, nice!!  Profit stop 4183, will buy lower....

[12SPX]

profit stop 4192...

[12SPX]

Took profits at 4201 for a 26 point gain, that was fun, getting tempted to short again but we'll see.....

[dTraderB]

Best day for the week, so far; big reports tomorrow, hedging, do not want to lose profits during past 4 days

Also Daytraded CRUDE mini contracts and kept 2 lots SHORT overnight

Profits in VXX CALLS, SPY PUTS, CRUDE, NQ daytrades, ES HEDGE LONG

Losses in NQ HEDGE LONG

May add more CRUDE SHORT above 69

 

25 VXX CALLS
38 SPY PUTS
1 ES HEDGE LONG 4202.75

1 ES HEDGE LONG 4171.5

2 CRUDE MINI SHORT 68.71 

[dTraderB]

 Many excited about SKEW INDEX:

 

Here is the main difference between the VIX and SKEW: The VIX is based on implied volatility of S&P 500 at-the-money options while the SKEW is based on implied volatility of far out-of-the-money S&P 500 options.

 

Here is how the SKEW works: Readings of 100 mean that the risk of a black swan event is low. For every 5-point increase in the SKEW Index, the risk of a black swan event increases 1.4%.

 

On Friday, the SKEW Index closed at 155.31, which is the second highest reading since 1990 (as far back as SKEW data goes). A reading of 155 also means that the risk of a black swan event is 15.4% higher than usual.

 

With the theoretical stuff out of the way, let’s see if the SKEW Index actually works.

https://www.ispyetf....o_Record&ID=912

[dTraderB]

NASDAQ LOW??

 

"This chart shows an indicator which measures how far the relative strength line in the top chart has deviated away from the 200MA.  The recent underperformance by the NDX has taken that relative strength ratio well below its 200MA, and thereby taken this indicator to a pretty deeply negative reading.  Excursions down to -4% or lower are pretty good markers of really important lows for the NDX.  They show that investors have shunned those stocks too much, and that sets the stage for the tide to come rushing back in.

The recent low for this percent deviation indicator is the lowest since all the way back in 2006.  Similar readings over the past few years have represented really great buying opportunities for getting into the Nasdaq 100, not as a day to day trade, but as a long term one."

https://www.mcoscill...strength_ratio/

[dTraderB]

Tested 200, backed off, can it remain above zero line?

 

 

https://www.mcoscill...t_breadth_data/