12/19/2022 Live Update

[JFR]

https://www.marketwatch.com/articles/st ... =home-page

Not recommending any of these stocks. Just passing along Barron's picks for 2023.

By the way, for this trader, the chart rules. And these stocks do not have it. Only two of them have acceptable P/E ratios (from StockCharts), BAC at 10.16 and TOL at 4.56.

The stock market is coming off its worst year since 2008, but it was finally a good year for value investing—and it was a good year for Barron’s favorite picks, as well.

Every December for the past 13 years, Barron’s has identified 10 promising stocks that could outperform the market. This year’s group had a value bent, a benefit during a year when value outperformed growth by 19 percentage points. Barron’s 10 picks did even better.

The 10 stocks had a negative total return of 1.7% through Dec. 14, as measured from our publication date in December 2021. That’s 10 percentage points better than the S&P 500 index, which was down 12.1%, including dividends, over that span. Six of those 10 stocks are ending 2022 in the black, led by Shell (ticker: SHEL) and IBM (IBM), a surprise winner in the tough technology sector. Amazon.com (AMZN) and General Motors (GM) were the two biggest losers. -- excerpt from the article

[Al_Dente]

Just FYI
options traders are buying calls since Friday and continuing today

[Al_Dente]

1) call buying amid a positive divergence in NYAD (dashed green line), meaning there is a bit more participation from bulls
2) only partially filled gap (gray).... critical point here at a two-day POSSIBLE double-bottom SPX
3) puts selling confirms call buying
ps: SPX price rules
5 min

[BullBear52x]

Intraday it is now a bear flag break down. bulls were trying hard today but not produce any meaningful gain. bears are back heavy now.

[BullBear52x]

Too weak to have a reversal day as of now.

[JFR]

SPY 5 minutes.

Testing the low again.

[icman]

This is the lousiest Xmas rally I have ever seen.

[Cobra]

It's the 3rd measured move down.

[Al_Dente]

[quote="Al_Dente"]1) call buying amid a positive divergence in NYAD (dashed green line), meaning there is a bit more participation from bulls
2) only partially filled gap (gray).... critical point here at a two-day POSSIBLE double-bottom SPX
3) puts selling confirms call buying
ps: SPX price rules
5 min
update: BULLS FAILED

[BullBear52x]

Well, I think this good run if you are bearish. tomorrow is another day. The search for a reversal continue. Peace!

[JFR]

ES 5 minutes.

Down beneath S1. Looking for support at 3834, as that level is tested.

[JFR]

https://www.nytimes.com/2022/12/19/busi ... ition.html

No comment on Sam Bankman-Fried's legal problems.

By the way, this trader does not do crypto. There are better trades to pursue, imo.

[Ratbastrd]

Happy Holidays folks

As previously discussed the JPM collar strike is at $3835, but the put wall is $3800. This is an interesting (low risk) entry zone here. Buying SPXL here.

[Ratbastrd]

I'd add there is a lot of volume at this level on SPY. Someone is buying here.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[brokebybernacke2]

I'd add there is a lot of volume at this level on SPY. Someone is buying here.

means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.

[Ratbastrd]

I'd add there is a lot of volume at this level on SPY. Someone is buying here.

means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.

Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.

[brokebybernacke2]

I'd add there is a lot of volume at this level on SPY. Someone is buying here.

means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.

Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.

Im waiting for Santa too!

[brokebybernacke2]

I'd add there is a lot of volume at this level on SPY. Someone is buying here.

means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.

Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.

Im waiting for Santa too!

that being said, well aware that this sucker can fall quick,,,

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/