DeadDeedz

DeadDeedz

We talked about the sub 11 Vix testing and indecision candles at range,channel, weekly lows. Got follow through friday. Is this a start of something bigger? Op ex this week Aug 13-17. Should get interesting is seasonal August action kicks into gear. Sub 11 Vix not sustainable. Cheers

DeadDeedz

Keep an eye on silver down here. If we want a solid metals rally silver has to join the party

DeadDeedz

MARKET EDGES THAT ARE USUALLY LEARNED FROM MISTAKES/EXPERIENCE OR FROM OTHERS PASTS continued. 5. From trial and error, studying the past you will learn there is nothing really new in the market. Everything is a series of repeating patterns, formations, and set ups. They all just differ with the times, so don't have tunnel vision into the present only. 6. ...

DeadDeedz

Basic MM Premises of Trading that 1. The market is meant to take the most amount of money from most amount of people. Bulls/Bears make money but Pigs always get slaughtered in the end. 2. Control of the markets is an illusion, we are just trying to do what the markets are doing not control them. 3. Nothing is certain, market always adapting to the times to make...

DeadDeedz Updated 

Earnings pop up on news that they bragged was the best ever for Q2, Watching action on the open is a gap above all time highs and being sold...watching the range top as trigger to short on retest or getting below the june highs in the 195/196 range as entry to short. The apple looks juicy...

DeadDeedz

Clear floor being set with volume on GLD, the test of lows brought in demand again and straight line move off bottom. Someone is buy the lows with vigor and using this range to cover shorts from spring highs and accumulate. Bears need to go on vacation or take profits before MM does. FOMC or JOBS numbers could set off the rocket. Cheers

DeadDeedz

Worth watching trend lines

DeadDeedz

Use channel highs, seeing distribution and anomalies..breaks the lower channel could flush. Low risk short with references at highs..

DeadDeedz

Watching the distribution going on..look over channels and fail?

DeadDeedz Updated 

Watching IWM make lower highs and finally break below the 50d with volume. A sign of distribution by MM at highs? Red alert

DeadDeedz

The anomalies are showing up in the charts..big wide price spread down days. MM is using strength to distribute. Be wary of the action

DeadDeedz Updated 

Anomalies abound as dollar hits significant overhead resistance. Powell testimony ends up being the buy the rumor sell the news event. Keep it simple, look up and failing in face of what should be bullish info and testimony. Watch the reaction..UUP short from 25.10-25-15 nice set up

DeadDeedz

Keep it simple..multi year low looking below clones and then?

DeadDeedz

Using this reference candle and bar as the low and floor..cheers

DeadDeedz

Notice 1215 and 1228 area are high volume areas..notice how they become swing points and retest ...why MM loves to check and shake confidence of traders. However they will defend them if needed. Important spots...

DeadDeedz Updated 

at 280s it might want to fill..seasonally . Vix at lows showing market finding comfort at higher lows and 200d. Tax day next week could be catalyst for one more little drop but the Pre ER seasonal run up in to April/Early May ER should start soon..if not this week. Headlines are for suckers...cheers

DeadDeedz Updated 

The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the lows. MM works slow here and might be...

DeadDeedz

As talked about in VPA board post Syria strike the seasonality in gold/miners/metals was going to take over. When the volumes of options bought by retail post the news showed significant evidence of the Specialist being very comfortable selling options without marking up the Implied volatility, it's a sign of something to come. Well time has passed and we're...