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Last week here I wrote about the three SPY expirations. The Wednesday one changed quite a bit during the week (which I posted to Twitter) and yet all three did end up pinning. Pinning within range doesn’t always work, but knowing the ranges is an amazing tool at every traders disposal (especially when I post […]
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Fantastic week, mainly because we were in the two best momentum movers. Just goes to show that it only takes one or two good trades to really flourish. Now that monthly OPEX is over the high calls and puts on each stock will have greater impact again. Breadth: In general there is nothing really relevant […]
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Purchase access here Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will […]
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We are finally getting a bit more opportunity from the market, which helps bank more profits. In the bigger picture we are still in a large range, but there are signs of more follow through for now. Breadth: SPX stocks at 20-day highs: Not overbought or oversold. SPX stocks above their 20-day MA: Not much […]
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Purchase access here Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will […]
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Market has been giving some follow through which definitely makes it a better trading environment. The end of the week showed some signs of rotation out of tech so it may be something to keep an eye on next week. Breadth: SPX stocks at 20-day highs: Still can’t seem to hold over 30%, but based […]
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Last week here I showed the thee open interest ranges for SPY. They shifted a bit during the week with Monday and Wednesday both pinning. Wednesday actually landed right on the high calls, which demonstrated a lot of strength and lo and behold that strength continued into Friday and closed above the high calls. If […]
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Last week here we had 3 different ranges to gauge where SPY would likely not close on each expiration day. Even after undercutting the Tuesday high puts, by expiration all the puts fell back out of the money. Bottom line, the ranges worked and are always very helpful to know because they offer buy or […]
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A very choppy week that ended with a bang. The tech/momentum stocks remained strong most of the week and several have broken out to new highs. We know that since February breakouts have not had follow through so if we actually get some follow through next week then we could be entering a different market […]
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Last week here, I showed the three SPY open interest ranges for expiration and price pretty much held very nicely within them. I guess that isn’t so hard when the market trades in a very small range. Yet if you knew where there was put support and call resistance it could have prevented you from […]
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