$SPY #Options – been down too long

Following the green…

After dropping hard last Friday and drifting lower through the week, SPY is on a bounce so far today.  Got my Follow-The-Green buy signal at 7 a.m. today (pacific time), and the intraday trend has been up since that time. See chart below (will try to update, trading permitting, during the day).

By the way, those numbers on the lower right of the chart are net gains for 10 contracts (the green number) and 50 contracts (the yellow number).

Must remind this post is for an entertainment purpose only and not to be construed as investment advice, which is why it is intentionally not in real time.

(right click on the chart for a larger view)

calls_2016-09-13_1206

 UPDATED CHART (what a difference an hour makes…)

calls_2016-09-13_1206

UPDATE END OF THE TRADE:

calls_2016-09-13_1206

 

$SPY #OPTIONS – three great days…

Following the red, the green, the red again…

This week’s SPY 214 put up 153 percent on Friday.  Then the SPY 212 call up 63 percent on Monday. And today, so far, the SPY 214 put up another 98 %.  Each of these are charted as day trades (see charts below for, first, the put move, then the call).

Size-wise, imagine if one could trade these swings full pedal to the metal.  But smaller size has been great too.

(right click on PUT chart for a larger view)

puts_2016-09-13_1205

(right click on the CALL chart for a larger view)

calls_2016-09-13_1206

 

 

#Stocks – buy when the market tells you

Following the green…

The late Kennedy Gammage, a wise and folksy market timer, used to say “buy when the market tells you, sell when the stock tells you.”

Well, the market said “buy” today.

So, how does that look on a few notable stocks?

(right click on charts for a larger view)

BID:

spy_green_2016-08-10_0615

GS:

spy_green_2016-08-10_0615

AAPL:

spy_green_2016-08-10_0615

$SPY – trending day in the works?

Following the green…

After coming into the day from Friday’s late-day weakness the market so far today has had a reversal and is trending up, giving buys on UPRO, TQQQ, TNA, XIV, the futures, call options.

(right click on chart for a larger view)

SPY_GREEN_2016-08-10_0615

$SPY – a choppy day…

Following the green…

Up from the open, back down to the open, back up to the highs at the close — so call it a choppy day with an upward bias. Ideal for scalpers but hard to play for everyone else.

Best move came midday into the close with the near week SPY 218 call up 27% on the intraday trend signal.  System took that off at the close in order to move to next week’s options but the market will open tomorrow with the up trend intact.

Not much more to say.  Will look to be long (at least initially) on tomorrow’s open.

(right click on the chart for a larger view)

SPY_GREEN_2016-08-10_0615

 

 

$SPY – the intraday uptrend…

Following the green…

The market reversed to an uptrend intraday apparently in anticipation (hope) there would be neutral to good news from the Fed minutes.

Near week SPY 217 calls up 25% at the moment.

UPDATE ON THE CLOSE:

(right click on the chart for a larger view)

SPY_GREEN_2016-08-10_0615

 

$SPY – updating the intraday trend…

Following the red…

The resumption of intraday downtrend from late Tuesday into the close continued on the open today.

At the moment, the near week in the money 219 put is up 64% on the signal, 39% from today’s open.

UPDATE: the 219 put is now up 87 percent on the signal, 57 percent from today’s open (percentages are shown on the lower right of the chart, green for the trend signal, yellow for the day trade).

UPDATE2:

Appears the midday chop may be beginning, so tightening stops.

(right click on UPDATED chart to view a larger image)

SPY_RED_2016-08-09_0957

 

$SPY – a note on market timing…

Following the red…

After a nice eight-day swing to the upside, SPY tripped a bit today into a red candle.

That goes along with a down trend in market breadth that has been going on now for 15 trading days, and goes along with a two-day uptick in the VIX, and 19 stocks on my nifty-fifty stock list gave sell signals today.

All of these indications (and a lot, lot more) are bearish but it’s been hard, thanks to the Fed, to get the market to go down so the obvious question once again remains: is this a Jan/Feb/Brexit drop coming, or just another one day dip?

Hard to tell, but red is red until it’s green again.  That simple.

Me thinks the downside has to be played (with tight stops of course) because one of these days the dip is going to become a drop before anyone can catch it. Needless to say if a drop becomes a plunge it will pretty much take everything with it.

(right click on the chart for a larger view – focus on the red candles at the moment)

SPY_RED_2016-08-09_0957

$SPY – sideways chop ends the downtrend

Following the red…

The midday sluggish summer trading cancels out yesterday’s intraday downtrend leading possibly to a trend reversal (long with a tight stop).

Near week in the money 219 put closed for 60% on the trend signal, 5% from today’s open.

The downtrend resumed into the close. Update on Twitter: :

(right click on UPDATED chart for a larger view)

SPY_RED_2016-08-09_0957