I mentioned in my last post that if we lost 1960 today, make way for 1930-35.
However, the way this is all setting up here is to force you to pick a side on Friday and ride the weekend pucker bus.
Might I suggest to you the SHEMITAH STRADDLE™.
I’m sure you’ve all been straddled by mother market a time or two. Now’s your time to give it back to her. Here’s our range again…
Right now we’re at $ES_F 1950. That’s the middle of this range. You and I both know we are leaving the range next week. Would you prefer to leave this up to your bias? Would you rather sit the bench and bitch out?
Play the SHEMITAH STRADDLE™. Buy a weekly call and a put for next week, or even for the 9/23 week of expiry. At least you’ll have something on regardless of which way this thing breaks.
Short, long, shlong, SHEMITAH STRADDLE™. You’re welcome.
OA
***Here’s a freebie from After Hours with Option Addict tonight***
If you enjoy the content at iBankCoin, please follow us on Twitter
Reading this post gave me a woody for buying options again
Oh oh!
http://www.wnd.com/2015/09/statistician-data-proves-shemitah-financial-collapse/
Dude, almost spit iced tea on the screen laughing at the SHEMITAH STRADDLE (TM). Well played.
i see a lot of traders possibly will be sucked in the slow reflation swing
OA – great strategy. Would you recommend putting this on today or tomorrow near close to have 1 day less of time decay burn.
Whenever you feel ready.
Your stochastic seems to be exhausted to the upside… but I am still keeping my 9/11 TNA calls. Suppose that means you should all bet against me and bank coin.
Mine? Dude, we’re pegged lower.
Your STO3X_TA? I must be reading it wrong: all 3 lines converging ~72 but the numbers are different in the bar at the top (~54, ~92, ~94)
Yeah, let’s chat on that so you know how to read it. There’s some very unique signals hidden in that maze of lines.
I know this won’t last forever, but I’ve been trading a list of stocks I like whenever they’re down significantly and then flipping them higher, hoping to repeat the same thing over and over, while keeping 70%+ cash at the end of the day. At some point I will miss the move higher and have to adjust but until then this seems to be working well
Grabbed GILD into the close today
How can i play this without options? Equal positions in TNA and TZA????
Day traders got their asses handed to them yet again….
I pulled +155 out of the NQ. I was the one getting some ass.
10-4 on that…and with no heat,,,but guess ya had to get +500 to impress some here..i prospered from your input
I’d rather shoot dice in an alleyway.
You should see someone about that.
Another General getting clubbed in AH….NFLX under 100
SHEMITAH STRADDLE is gold but with volatility raised you must expect a big move. What if we flatten out for a few days which is possible as well.
Then you lose not once…but twice!!
fair enough. Just feels like we need a few more days to calm the farm before we move to full Shemitah mode!
You don’t think the range breaks next week?
Hi all,
Haven’t commented in a while and usually only on Fly’s blogs but the title of this blog caught my attention. You might want to get shlong $NTRI as I will be doing a bikini promotion next month. And no, I haven’t really lost the weight but I can still pull off a slingshot and high heels.
Sweets to you:-)
KA
+1
So I’ll probably be wrong as soon as I submit this (because that’s usually how it works!!)… but I think it’s too early to dismiss the 2010 Analog, yet…. Granted we spent longer at the lows this time, but the comparison is strong until something breaks from here and soon.
2010 2 Hour SPX chart
http://imgur.com/qFWNeoQ
2015 2 Hour SPX chart
http://imgur.com/VSsftiJ
If we do get a “Gap Down and Go” then this would be worth keeping an eye on. Should know after NFP in the morning where it stands at least….
Who wouldn’t want to buy SLB or HES here except that they oil is broken.
Same Chop, Bigger numbers.
Downward bias.
CRICKETS…
Start by telling everyone what you are doing in real time.
Fake a move to make a move?
Hook, line and sinker on your 60+ day plan from here as discussed in AH last night. Just trying to figure out the best way to execute.
I keep a finviz tab always open of stocks I’m constantly stalking, and they all look great right now. $bac, $habt, $fcx, $scco, my home builders (even that POS $hov), $spwr.
Except $blmn, which looks like a smokin short if it can get stuck at $21 again. Ok, done posting.
Picked up next week’s $NQ 3.50’s for the YOLO…… testicle time
Are you still bullish, OA?
Depends on the close. This is so interesting.
I’ve been in cash since last Friday and feel somewhat disconnected. Lower highs have me a bit skeptical of the bull case, but at the same time, I don’t want to start shorting here. No-mans-land
I don’t sense any fear out there.
I don’t either. I think everyone is pretty timid here.
But the VIX is so elevated! WTF!
VIX up, Fear Gauge up, P/C ratios up, all indicators say fear.
Still holding cash. I bought a little RUSS today but I will close that soon as I feel like i’m pressing here. Cash works and will continue to work for me, other than a few day trades here and there, until we recapture the 200DMA.
Gun to head: market rips into the close to close flat and fuck with everyone.
Ended up closing out of my RUSS for scratch gains. My gut says rally into the weekend because no one expects it.
Range on 1 hour broke down. Assuming bottom of range is resistance now.
Yep, acceptance under 1930
VIX still held that 24.50 level.
Reminder to self – keep sound off when tuned to CNBC
Time to watch CNN for some 923 subliminels instead lol
Yap yap yap about accepting rate hike coming moving market down, but TLT up 1%
Just to clarify the put/call ratio I listed on that last comment was just for cash settled index options like $SPX, and the data was a day behind
http://www.cboe.com/data/putcallratio.aspx
Absolutely love 30 minute on FSLR if 47 holds.
Have a great weekend everyone. Since I don’t have any exposure or edge, gonna go enjoy the day.
Smart man. Thanks for the comments here as always.
I tried doing that, lol.
Out of DIS puts. “Cait”-ed back into bull camp with purchase of FIT OCT 35’s & CYBR Sept 50’s calls. Bought a few next weeks VXX 25 puts.
How are you picking the names you go with?
Looking for breakdowns – in the case of CYBR there was a reversal out of 46 area last week and ideal situation is to buy calls when guys with stops below 46 get stopped out.
DIS was third knock @ 103.
FIT broke below prior days lows for last three days so likely will experience some margin pressure and overly-disciplined folks adhering to their stops.
My preference is to buy technical breakdowns where the textbook says do one thing — focus on top growth names where institutions troll
Long FSLR, CAFD, C
Trying long ES into close with stop just under overnight lows.
FWIW, I love EEM down here — while everybody is bailing on emerging markets, the Costanza in me likes the setup on the long side.