stevenplace

stevenplace

Yet another oversold indicator

stevenplace

Earnings weren't garbage, still near 20 day highs while rest of market trades like doodoo

stevenplace

Huh.

stevenplace

This is like one of the only things trading well near highs.

stevenplace

potential expectations for this breakdown

stevenplace

Crude off 20% in one month. Doesn't happen very often

stevenplace

hah

stevenplace

huge support

stevenplace

S&P 500 has retraced more than half of the recent selloff. If you had positions you hated two weeks ago, now's the time to cut some risk down.

stevenplace

Near highs after a strong move. Good relative strength.

stevenplace

Financials lost key support on a large gap down. They then had a large gap up back above that key support. This is a textbook failed brekdown. Use the island gap levels to set your risk.

stevenplace

captain obvious trendline

stevenplace

RUT moves into lower 2nd standard deviation Bollinger Band on weekly chart. Has worked pretty good over past few years. NO guarantee it works now but I think the edge is higher.

stevenplace

Another risk here is that even normal long term volatility could pull us in even further.

stevenplace

Big breakout last week, didn't give it all back while the rest of the market was taking a dump. I expect this to clear 400 post-earnings.

stevenplace

We're probably getting close to a swing low in AMD. Past pullbacks have been similar in magnitude, and even if we include a little extra to the downside, we should start to find buyers sub 25. Selling the Nov 21 Put for 0.66 doesn't suck here.

stevenplace

Statistically oversold.

stevenplace

Using the TPI, shows us we are statistically oversold.