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04/10/2021 Weekend Update

04/10/2021 Weekend Update

Postby Cobra » Fri Apr 09, 2021 5:52 pm

Up 3 weeks in a row, 80% chances higher high ahead the next week, so bulls should be fine holding positions over the weekend.

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Re: 04/10/2021 Weekend Update

Postby Al_Dente » Sat Apr 10, 2021 10:47 am

[Bloomberg]
Somebody shook up options screens Thursday morning with a wager that the VIX Index will rise toward 40 -- and won’t be lower than 25 -- in July, up from about the 17 level where the volatility gauge currently trades. The trader appears to have made several block trades, buying a total of about 200,000 call contracts. That’s almost as big as the total daily volume of VIX calls, based on the 20-day average...
… The trade sent volumes soaring and helped make call options on the Cboe VIX Index about four times more active than puts earlier in the day, a level that was last seen in late August 2020. All told, about 1 million in combined VIX options traded on U.S. exchanges as of 2:25 p.m. in New York, the most since mid-February. That as the gauge of projected 30-day price swings in U.S. equities, derived from out-of-the-money options, hovered at 16.9.
The trader likely made the purchase through several tranches, first buying 100,000 contracts in two block trades, then coming back for 100,000 more. They paid $3.40 for calls at 25 and received $1.30 for selling 40 calls.
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Re: 04/10/2021 Weekend Update

Postby Al_Dente » Sat Apr 10, 2021 11:13 am

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Re: 04/10/2021 Weekend Update

Postby te_fern » Sat Apr 10, 2021 12:02 pm

Boss, very interesting about days of the week! Have you anything which gives a approximately percent average for each day of the week? That would be interesting to know and keep track of. Thanks!
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Re: 04/10/2021 Weekend Update

Postby te_fern » Sat Apr 10, 2021 12:04 pm

I've had this for a good while, but it seems close for the days of the month.

28th to 6th Bullish
7th to the 10th Bearish
11th to the 18th Bullish
19th to the 27th Bearish.
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Re: 04/10/2021 Weekend Update

Postby Cobra » Sat Apr 10, 2021 12:58 pm

$AAII Bull - $AAII Bear shows retailers are now too bullish.
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Re: 04/10/2021 Weekend Update

Postby JFR » Sat Apr 10, 2021 11:27 pm

SPY daily. PnF.


2021-04-10_20-26-07.png
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Re: 04/10/2021 Weekend Update

Postby Cobra » Sun Apr 11, 2021 10:15 am

Al Brooks: It's climatic so pullback is due, 50% chances of 10% pullback and it may take many months before another all time new high.
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Re: 04/10/2021 Weekend Update

Postby BullBear52x » Sun Apr 11, 2021 12:11 pm

Bull market, Monthly, weekly, daily, Hourly, suggests grand ma, grand pa, son, daughter, and grand kids are all on board the bull train. it's full train with no vacancy.

Counter trend is the game for me, bulls watch the door on the way out :D
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 04/10/2021 Weekend Update

Postby Al_Dente » Sun Apr 11, 2021 1:30 pm

QQQ
There’s a potential double top on the QQQ daily. It also happens to be the neckline of an inverse H&S (ditto semis, SMH).
It wants to breakout but VOLUME is weak. Can Q breakout when volume is that weak? In September, October and March, the low volume was followed by roughly 10+ days of pullbacks. 5ma VOLUME is still barely above the zero line, so it’s on the “cusp”...

NOT SHOWN:
QQQ’s momentum is overbought
The internet, XLC, brokeout already and is backtesting the breakout
At the moment, the $NYFANGS are being too influenced by BIDU, BABA, and TSLA, and it's lagging

411qqq.png.jpg
Last edited by Al_Dente on Sun Apr 11, 2021 1:54 pm, edited 2 times in total.
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Re: 04/10/2021 Weekend Update

Postby Al_Dente » Sun Apr 11, 2021 1:34 pm

te_fern wrote:Boss, very interesting about days of the week! Have you anything which gives a approximately percent average for each day of the week? That would be interesting to know and keep track of. Thanks!

this is old but may help
https://www.investopedia.com/day-tradin ... ur%20short.
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Re: 04/10/2021 Weekend Update

Postby merryme » Sun Apr 11, 2021 3:40 pm

"Everyone understands that the market is discounting mechanism. =>What they don’t realize is that the discounting mechanism is not price, it’s participation. It’s not that the price has gone from 50 to 100 and therefore the bullish fundamentals are discounted. Instead, it’s everyone is long, and consequently bullish fundamentals are discounted. Amazon provides a great example. When it reached $7-800 level, everyone thought the price was ridiculous. There was a lot of talk about AMZN being a bubble. It was clear though that the majority of people didn’t own it, or they wouldn’t be calling it a bubble." – Jason Shapiro trader; as stated in the Unknown Market Wizards by Jack Schwager
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Re: 04/10/2021 Weekend Update

Postby Al_Dente » Sun Apr 11, 2021 4:59 pm

Powell is on "60 Minutes" tonight
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