We’ve been talking about the market leveling off soon and taking a breath.
@RyanDetrick offers great market stats via Twitter, and posted this seasonality chart for the month of November, going back to 1950.
The first week of November was a smash, but things typically die down for the next few weeks before rallying into Thanksgiving.
Again, this has no bearing to why we made $6 per share in $NK this week, but it may be good to know if you are holding market correlated instruments.
Participants are still looking for action here, which should make trading breakouts and such a pretty fun gig for the next few weeks.
I am booking a few things today, and have bought up some $X calls.
More later,
OA
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Jeff – What time frame do you look at the volume profile? 1 Year, 2 Year, etc?
5 years is my default. I reference against 10y.
could thanks.
I have placed an order for UWTI 9.88. For me that is a level good for a day trade provided I can get that price before 1:00. The algo that I am taking like a big game hunter (extra Michigan dentist) seems to like to chew through ranges and pivot just below them. Didn’t like the price action at 11:40 for UWTI. Again this is for a hedge against my now 1.3% oil short.
Boy Yellen being forced to talk up a rate hike is helping my short position in oil. Love him or hate him, his remark yesterday was timely and apparently persuasive!
Just missed the $AVGO rocket this morning for dime. Looking thru all the setups wee talked about last night. I’ll find one.
i think a lot of people that missed the rally are going to chase AAPL into year end. if i had balls i would buy call options on that
Amazing trade in NK. Thanks