All checklist items for this week are in tact. Marked before the week started, all in tune as predicted.
I’d like to move your attention to this, as it is something that needs to happen right about this time where people are thinking that the market rolls over and are actively engaging the short. Here’s said people:
The item I want you to watch is $EEM and $FXI.
They’ve already left their trading ranges, as they did prior to $SPY in 2010, 2011, and…1998. Actually, $EEM diverged ahead of $SPY in 2011, $FXI did not. They had the best bullish divergence in 1998. In just about all instances, when these two lead a move, the $SPY will follow.
Also. please don’t underestimate the impact of this chart going into year end.
If I’m right, we print new highs prior to the release of The Big Short in December.
OA
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How about that for denial on IBB hourly
I think you are too far ahead.
Here’s yesterday’s chart:
http://ibankcoin.com/option_addict/files/2015/10/BIOTECH-300×163.png
Update today:
http://ibankcoin.com/option_addict/files/2015/10/IBBDISC.png
Apologies, meant to say this afternoon’s action on a lower time frame. Think we see 311 again tomorrow, and hopefully beyond so I can exit my call.
No need to apologize, I only wanted to clarify for those in a trade. Wanted to make sure I didn’t mix something up along the way.
You are a wizard of the finest kind
Thank you
OA, from the last comment, so you don’t think AAPL going back high ? as a longer term not a buy ? Thanks.
I don’t know. When?
“I think it has small upside over next two weeks” My understanding is only small upside then going lower ??
AAPL is in a range. I meant how long is your time frame?
To end of the year. I own it so hoping AAPL will join the rally.
I’d rather commit capital elsewhere with that time frame.
Thanks. Sounds true.
So many of my basket names are ripping here, that I am convinced they outperform going forward.
Chinese Burritos win again – VWO +2.5%
Your blog titles always make me squishy! Thank you sweets:-)
Hey oa- do u mostly play options in 12631 service or mostly equities?
50/50