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| Filter Exchange · SPXL DAILY DIRECTION | |
| pthomas215 msg #143080 |
4/5/2018 4:40:55 PM I'm really only using 1 criteria. IWM, which is a leading indicator for the market. But to place it in context you have to compare it to the market. I cant see back minute to minute on March 21st, but yes, when IWM has been leading the SPY the whole day with the delta between the two widening, I have never seen the market not go higher. That's because IWM is the leading indicator for the market. |
| Filter Exchange · SPXL DAILY DIRECTION | |
| pthomas215 msg #143078 |
4/5/2018 3:52:32 PM I've never had an instance where it did not work. But to each his own as they say. Just offering a perspective on how to think about trading the SPY. I think the bigger point is the SPY is resisting at 266.50 right now, so if it blows past it tomorrow for some unexpected reason, we should know we are heading north. |
| Stock Picks and Trading · Intraday Alerts | |
| pthomas215 msg #143068 |
4/5/2018 1:20:50 PM agree JP. we may possibly go sideways for a bit tomorrow but i dont think spy is gonna crack 266.50. going long vix 1000 sh, TVIX @ 9.30 if i can get it for an exit north of 11 |
| Filter Exchange · SPXL DAILY DIRECTION | |
| pthomas215 msg #143066 modified |
4/5/2018 1:10:06 PM nice post. SPY is hitting 266.50 and stopping. logical play here would be to buy the vix when the spy hits that level. as always, the IWM vs SPY on % gain will tell you the next move. if IWM daily % gain is higher than the SPY by a decent margin, we are going higher. If IWM % gain is lower than the SPY % (like today), you can short the SPY/long VIX at the end of the day. Im not sure if this chart will post but will try... https://www.tradingview.com/chart/ SPY 30 minute chart shows resistance. i am not yet intelligent enough on posting charts :) |
| Stock Picks and Trading · Intraday Alerts | |
| pthomas215 msg #143027 |
4/3/2018 1:24:34 PM nice trade jp |
| Stock Picks and Trading · Intraday Alerts | |
| pthomas215 msg #143025 modified |
4/3/2018 11:38:54 AM Not an overly scientific method, but IWM on a percent basis is double the Spy right now. my guess is we are going higher. |
| Stock Picks and Trading · Intraday Alerts | |
| pthomas215 msg #143014 |
4/2/2018 11:51:50 AM BB is a ridiculously good short. if it goes back up to 11 bucks, will grab more. |
| General Discussion · HRL: Thoughts | |
| pthomas215 msg #143000 |
3/31/2018 5:32:27 PM up, up and away.....TVIX does this all the time on bad days....1st test, back down, 2nd test, back down....3rd time is usually a charm and breaks out. i know this is a longer time frame but with this stock 2 day and weekly averages are swinging around...thanks for posting. |
| General Discussion · Interviews | |
| pthomas215 msg #142999 |
3/31/2018 5:28:24 PM Thought this is a pretty good website for analysis. https://finviz.com/ |
| General Discussion · Fibonacci Retracement Lines? | |
| pthomas215 msg #142992 |
3/31/2018 1:00:52 AM thanks Mac. I set up a filter with it and it seems to work for my needs. Ive been gap trading at the open and set limit orders to short sell at the next highest retracement. especially on therapeutic stocks it's very lucrative. meaning when a stock gaps one way--it often spikes to the next retracement level and then goes in the other direction. I found this one too....from that guy Chetron...give me your thoughts on this filter if you can Mac. |
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