I’ve seen my daughter Abigail win numerous awards in her 13 years of ballet, but nothing moved my heart as this photo of her in Kenya sharing love to these children. She returns home in 18 days. I’m beyond grateful for her servant heart. ❤️☺️
Today’s down move in $SPY is meh. Volume is light & selling is a garden variety mild liquidation break. Over the last 5 years the real selling pressure in July occurs after VIX OPEX which this year is 7/16 (CPI is also on 7/16) so I expect some volatility that day. 💯🚧
Today was a rare Black Marubozu candlestick pattern on $SPY. These often signify a reversal of an uptrend. The high today during the cash session was the open at 9:30 am est then sellers took control from there until the close. 🚧
Seeing lots of “bears wrecked” posts with the release of the CPI. If you approach trading with a view of animals driving price (bull / bear) & that there’s “teams” in the market (bull & bear team) then you’re trading in a 1920-1980’s mindset. Algos & flow drive price & to make a…
Lots of new ATH forecasts being changed today. Here’s a tip. Instead of “adjusting a fib level” you gain credibility just by saying “my forecast was wrong”. In my case I thought $SPY would pull back to $613, then vault higher post Jackson Hole. That forecast was entirely wrong.…
The big ticket items: my property tax bill, up 9% from Sep 2024, home owners ins up 11% from 2024, auto ins (no claims) up 13% from 2024, electric rates up 8.5% from 2024 … but you brag that eggs are cheaper. Buffoons of the highest caliber. 💯
I nearly pulled the trigger on $SPY puts today as the negative divergences build but didn’t. PPI could be the pop to drop. What I’ll be looking for is a lower high than today & an uptick in the VIX. The conundrum is OPEX Friday, VIX OPEX 8/20 then Jackson Hole 8/22. So many…
My mobile trading setup is identical to that in the office. A MacBook & an iPad. I watch the $SPY 15 min chart & the VIX. Simple but effective. Yes I monitor UST yields, DXY, BTC etc. but for all active trading this is it. Too many indicators leads to confusion. 🦉
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