SPY-M: Tuesday’s best pin is between 382 and 383 with a range from 381 to 385 or 390 if price gets past that. SPY-W: Wednesday doesn’t have a best pin. Could be 380’ish, could be 390, but neither are prominent. There are high puts at both 375 and 370. SPY-F: Friday also doesn’t have a […]
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again. This weekly post will not be posted free every week in the future. Open Interest: If you want more information on how to read the […]
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again. Open Interest: If you want more information on how to read the high calls and puts in the open interest see here. SPY-M: Put support […]
Happy Holiday’s! Let’s get right into next week! If you have not yet subscribed to my weekly freebie you can do so below to get next weeks trade sent to your mailbox Monday morning (Tuesday this week). Last week I outlined a trade for AAPL which did work if you took profits quickly and before […]
Last week there was no post, but in previous posts, both at the end of March and the beginning of April (see here) I continued to suggest that SPX would likely get to old highs or make new ones before a more meaningful correction took place. That has now been achieved as SPX went within 2 […]
Last week here I summed things up with: “Currently, the market is near or already oversold and likely to bounce soon if that has not already begun late Friday. Should price immediately go lower it will become even more oversold and not a place to initiate shorts.” Furthermore, I discussed that the open interest suggested that the […]
Last week here I stated “there is no reason not to expect another new high to be made as the edge continues to reside with the bulls.” That worked out nicely and I am now making a similar statement regarding next week. There is one wild card that can derail the bull run (namely Trump addressing Congress […]
Two weeks ago here I discussed the likelihood of news highs. That indeed came the following week and then continued on into last week. At this point there is no reason not to expect another new high to be made as the edge continues to reside with the bulls. Open Interest: I have pointed out […]
Last week here I went into length about reasons to be concerned with the long side (especially for last week because of the open interest), but pointed out that the overall trend remained bullish. I also described two separate breadth studies that concluded a pullback would likely be short-lived. In the end a gap down Monday morning […]
Last week here the title of my post said it all: The Trend Still Supports Bulls as Does the Open Interest. The roughly month in a half range finally broke to the upside and at the present moment bulls clearly have the edge. With that said, there are some concerns going into next week that could jeopardize […]
Last week here I conveyed that the path of least resistance was higher and explained why what looked like the best pin of 220 on SPY was unlikely to happen (refer back to read understand why). During the week I updated the open interest over twitter which further supported that price would likely stay above 225. (“interest” […]
Last week here I didn’t have much insight based on the open interest and instead just described the market as showing no evidence of being bearish. During the week the open interest changed and I posted updates over twitter that were indeed helpful, especially Wednesday’s. Wednesday morning I showed there was a large 226 put strike […]
Happy New Year and happy all time highs! So far 2017 has begun with a bang and the major indexes are at all time highs (or close to them). Simply put this is bullish. About a month ago I showed a study related to 52 week highs minus lows shown below. Two weeks ago here I described […]
Last week here I summarized my post with: “the most likely outcome is another few days to weak of tight rangebound consolidation that may (but doesn’t have to) include further minor (but buyable) weakness followed by strength.” The rangebound part happened and I will lay out where my thinking was regarding “the followed by strength,” and why […]
It’s been a while since I’ve done a post. Most of you know I was traveling through SouthEast Asia (an amazing trip) and then right when I got back had to head to Los Angeles because of my grandfather’s passing (sad yes, but at least he lived to 90). Thanks for all the comments via […]
Last week here I discussed that the environment still looked more favorable to selling rips then buying dips, but that the election was a wild card. I went further to say that if there was a large rally to watch the overall breadth to determine the strength of the rally and if it would likely continue […]
Last week here I continued to provide evidence in support of the bearish case and suggested to sell all rallies. That worked every day last week as every rally failed. So where are we now? Below I will present the facts of breadth and the open interest with the caveat that the election is next week […]
Last weekend I took off and keeping this short because there really isn’t anything new to say, but here we go. The theme is sell rallies. Since the market has not been able to break we should all be open to the possibility of improvements underneath the surface, especially since we are entering a seasonly […]
Last week here I discussed having to be neutral due to the impenetrable range, but described myself as having a bearish lean due to many red flags that I outlined in the post. I also discussed the SPY 212 area that had both a lot of put support and technical support. The range finally did break, but […]
A double entendre, other words for unyielding according to theasauas.com are adamant, merciless, relentless, unrelenting, etc. (See more than just a finance blog) Last week here I discussed cracks in the market that were keeping me bearish, but with an open mind due to the improvements in breadth. In the end, the market kept flat and […]
If you missed my interview with the Futures Radio Show, please check it out here, where Anthony and I discuss options, psychology, and current markets. Last week here I discussed a more bearish thesis looking out a couple weeks with the idea to sell into rips. I also pointed out that due to the end […]
In case you missed it, I had the privilege of being a guest to Anthony Crudele’s futures radio show. Tune in here. Last week here I went through reasons why I did not think the lows were in, but highlighted that the market will often rally into and after the FOMC meeting. My thoughts were […]
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SPY-M: Monday’s best pin is between 435 and 436. Over 436 and there isn’t much call resistance. Under 435 and there are some consistent medium puts all the way to 425. SPY-W: Wednesday’s best pin is between 433 and 438. This might change, but seems like a decent area for SPY to close. SPY-F: As […]
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