My definition of “Green shoots” – those green pieces of paper shooting out of the Fed.
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that was a stressful close. when i see lower highs and gravestone dojis, the short trade is usually a lay-up. i shorted spy when it hit 92 via sds at 55.27. that last surge must have been related to this russell rebalancing– took me by surprise and forced me to to get out of my trade with a much smaller profit than i was looking for.
George,
Form a 501 (C) (3) Non-Profit Educational
Corp. to serve your local area…like provide
fire prevention info. Donate 50% of your
income to your charity. Switch your expenses
to your charity. Google…sandy deja…click
on how to fill-in and file 501 (C) (3) forms.
Once you save enough money hire an account
who deals in tax code not in the IRS Pubs.
They run about $1000.00/hour here. Good
way to distribute your fir prevention info is
to use the Girl Scouts when they do their
cookie sale. You’re an excellent wordsmith…
takes effort but will save you a fortune.
Matt, i should have been more aware of that potential gap fill move. another thing i noticed that could have made the lower high a false signal was the fact that we had not yet teseted yesterday’s spy high. unfortunately i was all-in short at the intraday high of 92. usually i like to save some ammo for that just in case scenario such as the IWM gap fill and the retest of yest high on spy.
It’s probably the bracket I’m in. I wasn’t being creative when I filed. Other than housing and household expenses the rest of my $ goes to things related to my business – insurance, lease, equipment, etc.
However, I’ve learned a little about trading and with some consultation I might have some disposable income. LOL.
CCI < 100 and going down
StoRSI < 0.8 and going down
Full Sto bear cross
RSI 14 may have broken support
Price chart resisted at upper channel line from (2)
Slo Sto bear cross
MACD rolling over
And, with VIX as it is, bear-footin’ should start very, very soon….
And the monthly SPX hasn’t had a buy yet. On the weekly, it hasn’t had a sell if one would have bought at the bottom. I look for price to back off to the 36MA, and if the MACD histogram is still positive, to go back up some more.
Added July SPY 90 PUTS… seems like EOM window dressing is what we are seeing.
paula,
Great. Can’t wait.
Tks
Have a great weekend and a great week everyone hope to chat next friday!
Stringm,
BIG down spike on BBT… all the way down to support at the bottom of screen. Sell without limit order? Wasn’t me!
Okay, K, behave yourself.
K,
Have fun – I saw some stuff on Google I’d do in the region you’re in – lil’ indoor soccer eh?
This market moves quick.. The PUTs I bought 6 mins ago are up 12% already.. too bad I can’t sell AH.
VIX closed below lower BB second day in a row.
Charlie, nice. I’ll be puttin’ puts shortly.
The Q’s held 36.37 at the bell, so that’s bullish. But the beat-back from the gaps is bearish.
Awesome timing, Charlie.
that was a stressful close. when i see lower highs and gravestone dojis, the short trade is usually a lay-up. i shorted spy when it hit 92 via sds at 55.27. that last surge must have been related to this russell rebalancing– took me by surprise and forced me to to get out of my trade with a much smaller profit than i was looking for.
George,
Form a 501 (C) (3) Non-Profit Educational
Corp. to serve your local area…like provide
fire prevention info. Donate 50% of your
income to your charity. Switch your expenses
to your charity. Google…sandy deja…click
on how to fill-in and file 501 (C) (3) forms.
Once you save enough money hire an account
who deals in tax code not in the IRS Pubs.
They run about $1000.00/hour here. Good
way to distribute your fir prevention info is
to use the Girl Scouts when they do their
cookie sale. You’re an excellent wordsmith…
takes effort but will save you a fortune.
Tony,
The IWM was also trying to fill its gap from Monday morning.
Matt
George,
Sorry my post got cancelled.
Paula
JG,
Yes, the VIX pattern looks like a falling wedge. Not good for stocks.
Matt
George,
Sorry again…I see it made it…and
I didn’t know how to spell my name.
paula,
I see the post. Trés nice. I’ll see if my accountant knows about this.
Thanks!
George,
Please excuse my typo’s.
paula,
I’ll have a lot of Girl Scout cookies! I’ll send everyone a box or two. Googled Sandy, I can figure all of that out once I get into it.
Thanks Bushels
Have a great weekend all.
Matt, i should have been more aware of that potential gap fill move. another thing i noticed that could have made the lower high a false signal was the fact that we had not yet teseted yesterday’s spy high. unfortunately i was all-in short at the intraday high of 92. usually i like to save some ammo for that just in case scenario such as the IWM gap fill and the retest of yest high on spy.
have a good wknd everybody.
Paula:
I paid 20% of my gross income after all expenses, credits, and deductions. Wonder if that’s avoidable but not evasive?
That would be a heck of a pay raise if I only paid 20%.
George:
It’s probably the bracket I’m in. I wasn’t being creative when I filed. Other than housing and household expenses the rest of my $ goes to things related to my business – insurance, lease, equipment, etc.
However, I’ve learned a little about trading and with some consultation I might have some disposable income. LOL.
Sorry, to dispose of in my discretion!
SPX weekly:
CCI < 100 and going down
StoRSI < 0.8 and going down
Full Sto bear cross
RSI 14 may have broken support
Price chart resisted at upper channel line from (2)
Slo Sto bear cross
MACD rolling over
And, with VIX as it is, bear-footin’ should start very, very soon….
Mitch,
I dispose of my income rather easily.
JG,
And the monthly SPX hasn’t had a buy yet. On the weekly, it hasn’t had a sell if one would have bought at the bottom. I look for price to back off to the 36MA, and if the MACD histogram is still positive, to go back up some more.
JG,
Nice to be able to compare notes with each other.
Thanks to Matt.