Pulling Out The Stops

This week has been pure churn inside the Nasdaq futures, ahead of what may be a very interesting closing trade to the week.  We printed a second neutral day for the week (Monday being the first) after making a new contract high.  The move from the high was fast and if you were still in an AM long, it took you out of that long.

They key was not being overly shaken by the move, recognizing the neutral print, and preparing yourself for a return to the mean.  Neutral context is very tricky, but vital to understand as many are often perplexed by the “rigged” market when they flip bias from long-to-short, then see their shorts torn clean from their derriere by a high pressure water geyser (buy flow).

This grind house is taking place ahead of tomorrow, which is the Thursday before OPEX.  Remember, how we imprinted this ultraviolent day on our brain computers?  Expect the unexpected and sheer unorthodox, especially ahead of FRIDAY THE THIRTEENTH, which is also a full moon.  This calendar/lunar spectacle will not occur again for 40-some years.  You may want to hide your wife, hide your kids, and curl in the corner of your office with a shot gun pointed at any entry points.  Or, you may want to channel your inner wolf, and find yourself a feast.  Be aware, that wolves much bigger than you are always a possibility, and if you see one then it’s fight, flight, or freeze.  Those are your primal choices.

I closed out my WDAY call runner.  It never materialized as I expected, and it may over the next 7 trading days, but I wanted to keep my focus elsewhere.  EGLE is fluttering its wings, whetting its beak with river juice, and considering a carnivorous bear dinner.

I also initiated a mangina long, MNGA.  I know the good stuff is what is moving, but then I also know I have shares in TSLA which wound up like a fresh baseball, just waiting for some juiced up freak to whack it out of the park—either way.