Perhaps another TELL:
Checkout the 20,000 volume surge Friday between 9:30-11:30am on a SPY $83 PUT.
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Saturday, May 9, 2009
SZC-RE
Perhaps another TELL:
Checkout the 20,000 volume surge Friday between 9:30-11:30am on a SPY $83 PUT.
UNE-FO
Here's a great feature on the Think or Swim trading platform.
How about a chart of option activity?
In this instance we're looking at the recent pop in underlying UNG using the Jun $15 Call.
Yep, May 6 - $0.95 - May 8 - $2.55 or 150% in TWO days. Look at the TELL of the volume in the second hour on May 6 and you'll see those late to the party could have gotten in at $1.15.
It may be time to take profits as the volume is waining....setting stop @ $2.45
Friday, May 8, 2009
Thursday, May 7, 2009
Wednesday, May 6, 2009
A look at the DOW 30
Take a look at the DOW 30 all together at once. You do not even have to look for symbols to see the divergences within the 30 to see that tech, homebuilders, and automotive are not participating in the run-up. It's also pretty easy to see the Financials are the reason for the latest moves. Question is since all the Stress Test data has been leaked; will the market Sell the news?
Tuesday, May 5, 2009
$VIX
The VIX could not hold 34, but checkout the yearly chart..... There will definitely be some fireworks tomorrow........
Be careful, take profits quick and keep your stops tight...
For the Web's best interactive charts, please visit http://www.Prophet.Net
YHOO- Lotto pick
Long Yahoo
Tight Stop - $13.59
Loose Stop - $13.39
For the Web's best interactive charts, please visit http://www.Prophet.Net
$VIX
Trinagle broken acting as support.....
Look for bounce off 34
For the Web's best interactive charts, please visit http://www.Prophet.Net
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