ZenMode

ZenMode Updated 

Looking for a nice point to plan on taking profits in my shorts.

ZenMode Updated 

The market is clearly trending as in a bear market. Pretty easy to trade, jump in with the trend and watch it drop. WSJ - "The Worst of the Global Selloff Isn’t Here Yet, Banks and Investors Warn" www.wsj.com

ZenMode

Please be sure to add your observations of what you see within the chart.

ZenMode

Market Cap comparison BA/LMT - interesting as BA now has a smaller market cap than TGT or SBUX

ZenMode

It is very interesting that in 2008 gold also dropped so substantially during the crisis however it actually ended up bottoming first and then rallying much higher. The margin call pitch on gold that stunned many gold bugs when equities crashed can be explained by looking at this likewise extreme event in the past. Enjoy the chart.

ZenMode Updated 

Still running a short as we did not find a bottom yet in equities in my opinion. The fact we found the bottom in oil however leads me to believe that we will find the low in equities soon.

ZenMode

One of these occasions where fighting the Fed isn't wise - but the trend is very clear that we have further down to go. Feeling confident about my short.

ZenMode Updated 

Trade is a short IC one std dev from the mean with options exp on Monday. Theta is very high this close to exp. Purchased 2760 P Sold 2835 P Sold 3075 C Purchased 3140 C Probability of profit is 51% capital requirement is $3,614.11 Market opened low however will almost certainly rally into the morning open.

ZenMode Updated 

Nice run - and seeing a nice bullish setup for Oil. Oil runs with Fibs incredibly and I think at this level of near support the momentum in the market today - risk is favoring the bull side into tomorrow. Entered trade at 47.42 Expecting mean reversion on the daily - RSI is very bullish (on daily) and tagging the 20dma is almost a certainty. That would put oil at...

ZenMode

Bullish daily

ZenMode

This chart looks bearish tho - still a good time to wait for better evidence of trend reversal For the big believers in mean reversion this is a powerful example of it. The macro narrative of the outbreak is incredible when the amount of deaths is 5X that of the flu as I understand it. Have not made a directional trade pic in a while but the daily is screaming long.

ZenMode Updated 

Will be most likely holding into earnings. If the market uses mean reversion & we see it trend back to the mean **after earnings breakout** will add to this position. GL

ZenMode Updated 

Delta Neutral trade, opened on Friday and closing Sunday, right now. Already have the sell order set. Made 24.4% right now, trying to close the position but orders are slow at this hour, so with slippage hopping to walk away with a 21% gain - that is what my exit is set at.

ZenMode Updated 

Another weekend play here, 1std dev out.

ZenMode Updated 

Another trade into Sunday, will close sunday at the open prob.

ZenMode Updated 

GL, any questions fire away.

ZenMode Updated 

GL guys, very high probability of profit trade. Excited to see how it will play out.