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I sent you a private message yesterday, please kindly check that, thanks. You can find your message prompt on top left of the screen. The screenshot below might be misleading as in your case, you at least have "1 new messages".
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Just as I said, don't chase the high. Now testing the day low, let's see whether it holds. RSP (the equal weighted brother) looks strong today which means the down now is due to a few heavy weighted stocks so my guess is it won't be a downtrend day, rather it's a range day.
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"Apple traded 2 million calls yesterday and they're at it again today." [Barcharts via Jesse Felder]
See the top two trades on Fidelity today at the moment .... stocks down, buying strong https://eresearch.fidelity.com/eresearc ... ders.jhtml
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Q: why are we still buying puts?
A: protection
92puts.png.jpg
As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...
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Testing day high, key time. So far bulls are in control.
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Al_Dente wrote:Q: why are we still buying puts?
A: protection
As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...
Nonetheless, folks trading the VIX ETF that correspond to short-SPY and long-VIX (UVXY) are doing okay at the moment
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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New lows have an uncanny way of calling medium-term sells.
When lows move above the black horizontal line, sell.
So boring; it has been long since late March, early April.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The very first touch of EMA20 usually is buy, watch for EMA long setup here.
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