SPYvsGME

SPYvsGME Updated 

Here is a nice example of a bullish Ascending Triangle. Put/Call ration is 4.31 and Open Interest in top 10 for Sept 16 expiry After that it's quad witching and FOMC so anything goes. Volatility I'm sure it's getting tightly wound for quad witching and Powell. Volatility gained strength today despite indexes being higher. My overall outlook for volatility...

SPYvsGME Updated 

I wasn’t able to do much charting and analysis this week. I'm taking a step back from charting the next few weeks as I finish a project. I wanted to get this last chart out that I have been working on for historical look at the vix. Why is the VIX so important? I would argue that the VIX is the most important indicator in a speculators arsenal. The vix is...

SPYvsGME Updated 

Yearly log returns of the S&P 500. Basic script. more average positive returns as opposed to larger negative return years. Weekly timescale with bollinger bands shows bigger +/- net returns during covid crash.

SPYvsGME

Last week I presented this inverse head and shoulders. Chances seemed bleak that it would play out the way I outlined in this idea. But here we are. Neckline completed with the help of a double bottom forming at the base of the last shoulder. Winter is drawing near. Water problems in Mississippi, No problem, print another couple billion more dollars. Not...

SPYvsGME Updated 

XLF bounced in a big way in Wednesday Trading stopping a multi-week selloff. On the 4HR I see a Head and Shoulder with a profit target up to 2021 highs. On the 30 minute I see a double bottom form. Which leads to a Cup and Handle Put them all together and you have a solid trading plan to ride XLF up to top of channel. As these patterns...

SPYvsGME Updated 

Bulls Weak, Bears Exhausted Liquidity is Showing Signs of Weakness Twitter feed last night I saw this chart, which is a decrease in Top of Book depth liquidity that is a measure of highest bid and ask prices. What assumptions can be made? FED is tightening and asset managers are fleeing to risk off taking all the liquidity with it. I wouldn’t start to...

SPYvsGME Updated 

My trading plan for the past 2 weeks has been to sell the rips. Looking over all the indicators, my bias is leaning to 3905 bounce and low volume climb into CPI and FOMC over the next week or two. Should bulls fail to hold 3905, all bets are off. Selling is likely to resume. Apple would likely need to do badly, but with a shiny new IPhone and 5.5 billion in buy...

SPYvsGME

AMZN is betting big on The Rings of Power being as successful as The Lord of the Rings. My first impression, I fell asleep watching it both attempts. Complete snore fest and doesn’t engage anywhere near the magnitude LOTR did. What’s that got to do with this online retailer? Well it’s Prime Video. The underdog in the streaming wars. I started analyzing AMZN a...

SPYvsGME

US markets are closed today so I thought I would slide on over to the German index and give it the 1.618 treatment. I was not disappointed. The 1.618 is the hallmark retracement of my favourite pattern, the Head and Shoulders. Why? Because it’s usually the most accurate of all reversal patterns both bullish and bearish. These particular 1.61.8 retracements...

SPYvsGME

The next apple event is just 3 days away. A reminder of all the crap we don’t need. Why does apple need event days anyway? Steve Jobs was a pioneer and his announcement events reshaped how companies launch products today. The iPhone was wildly successful even during its launch at the peak of global financial crisis in 2007. 28 versions and 15 years later and...

SPYvsGME

Bernie Madoff and the Split-Strike Conversion Bernie Madoff used a strategy of buying put options in SPX and selling calls. Then, he bought stocks which he carefully selects. This mixture produces very stable returns and is one of the best strategies in options and commonly used among hedge funds today. Split-Strike Conversion is a dressed up name Madoff used...

SPYvsGME

Had someone ask me today what I thought about Bitcoin. I had to say, They're the same thing! Since last year Bitcoin and S&P 500 have had a tight correlation of peaks and troughs. Each step lower for bitcoin or S&P and the other follows suite. Bitcoin is in tight consolidation now waiting for direction. Next major move for the S&P 500 is CPI on Sept...

SPYvsGME

I get asked all time how I've been successful in my lifetime. I started out with nothing. $0 and living on my own at an early age, a high school dropout. I worked at learning computers every minute of the day for decades. Before I knew it, everyone around me was coming to me for the next idea, the next problem to solve. Not having a strong support system...

SPYvsGME Updated 

This is a volatility monitor I use to tell when volatility is peaking in vol compression. To give yourself alerts from trading view. Right click on the vol compression horizontal line and select Add Alert on Horizontal Line. Select preferences and now you will get an alert when vol compression is at its highest compression point and you can maximize your...

SPYvsGME

This idea is a look at how the summer months compress volatility. This volatility compression pattern also shares similarities to an ascending triangle. Volatility compression over the summer months will result in increased VANNA and CHARM buybacks. When volatility compresses for long enough a break breakout (short squeezes) occurs the same way an ascending...

SPYvsGME

It's always about power. Utilities are eyeing all time highs. With this mornings sell off, XLU formed an inverse head and shoulders. The 162% profit target for the structure lines up perfectly with an Ascending Triangle forming on the daily and all time highs. Smash the Boost if you like these ideas. Follow for more unique content and art!

SPYvsGME

Today, the jobs report came in higher than expected. This is a bad thing in the eyes of the FED! Why? Because Jerome Powell is trying lower employment numbers. Strong Employment, Strong Economy. Isn’t that a Good thing? Not when inflation is this Sticky! Jerome Powell is trying to put out the flames of a hot economy to bring down inflation. For the...

SPYvsGME

The Digital Frontier. I tried to picture liquidity as it moves through the stock market. What does it look like? Water Flowing?, Icebergs? Were the exchanges like freeways of digital currency? I kept dreaming of a world I thought I would never see. And then 1 day.. You got in. That’s right man. I got in. ------------------------- Thank You to everyone...