Daily Archives: March 6, 2018

The Blooper Reel

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Tom Sosnoff has played a pretty big role in my life, and in advance of his 61st birthday today, a bunch of folks participated in a series of videos for him. My favorite part was the “blooper reel”, which is shown below (and, yes, I’ve owned that t-shirt for a few months, but this is the first chance I’ve had to put it to good use):

Life Is What Happens ……

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……… While You Are Busy Making Other Plans – Allen Saunders

The ideal day for the bears today, after yesterday’s strong break over the daily middle band, would have been an AM high in the 2735-40 range on ES, then a break and conversion to resistance of 2716 on ES, and a trend day down closing the day well under the daily middle band in the 2700 area and delivering a very bearish daily middle band rejection candle.

The high this morning was low, not retesting the globex high on ES and not setting any decent hourly sell signals brewing. 2716 was then slowly converted to resistance, a process requiring a break of the level, a backtest that holds that level and then continuation in the direction of the break, but then ES found support at the weekly pivot at 2709, rejected back over 2716, reconverted that to support and continued up. This has more or less eliminated the possibility of seeing a rejection candle today, subject to presidential comments of course, (more…)

Using the SlopeCharts Earnings Mode

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From The Director: Tim has graciously offered to work together with me to develop charting tools that can aid the testing and design of new pre and post earnings approaches in using options to make profitable investing strategies.

Other services have benefited from using past data (both options and underlying data) to generate probabilities for certain movements in underlying stock. We can utilize these probabilities to generate option strategies, backtest the same strategies, and offer a framework wherein we trade these strategies prospectively, which can aid the keen investor.

None of what we discuss here should be construed as a trade recommendation or advice, but rather look at this tutorial as a tool you can use to improve your trading. (more…)