guspenskiy13
976 posts
msg #120347
- Ignore guspenskiy13 |
6/2/2014 10:23:57 AM
IMO both qqq/spy have some decent support just below the LOD's...191.7-191.8 and 90.5-90.6
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johnpaulca
12,036 posts
msg #120348
- Ignore johnpaulca |
6/2/2014 10:36:06 AM
SPY...4-min trend broken, shorting will be your best bet in this timeframe
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Kevin_in_GA
4,599 posts
msg #120349
- Ignore Kevin_in_GA |
6/2/2014 10:40:48 AM
Kevin - how do you get your stats?
++++++++
Option deltas. It is far easier to predict where the market is NOT likely to go (more than 2 SD from its current price) than it is to predict market direction. I am tracking iron condor trades on SPY, IWM, and GLD weekly options - you can see how it is doing over at Collective2. The system is called Pangolin IC.
For me, this is a very attractive strategy - makes about 1% per week with little effort and uses robust statistics to gauge the likelihhod of a successful result.
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johnpaulca
12,036 posts
msg #120351
- Ignore johnpaulca |
6/2/2014 10:45:18 AM
BMY....I'm creeping this for a pullback...looking for a higher low
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guspenskiy13
976 posts
msg #120352
- Ignore guspenskiy13 |
6/2/2014 10:49:56 AM
Thanks for sharing Kevin.
So it makes about 66% per year with re-investing?
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johnpaulca
12,036 posts
msg #120353
- Ignore johnpaulca |
6/2/2014 10:59:40 AM
BMY...long at $48.50...stop at $48.36
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johnpaulca
12,036 posts
msg #120354
- Ignore johnpaulca |
6/2/2014 11:13:10 AM
SPY...192.76 line to beat
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guspenskiy13
976 posts
msg #120356
- Ignore guspenskiy13 |
6/2/2014 11:30:52 AM
won't be surprised if we see new highs today
BITA@41.25 hit the profit target 42.85....might try to hold for more....
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guspenskiy13
976 posts
msg #120357
- Ignore guspenskiy13 |
6/2/2014 11:34:36 AM
Decided not to take chances...not too bad; 3.85% pretty much overnight...
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johnpaulca
12,036 posts
msg #120358
- Ignore johnpaulca |
6/2/2014 11:50:28 AM
johnpaulca
8,460 posts
msg #120353
- Edit message 6/2/2014 10:59:40 AM
BMY...long at $48.50...stop at $48.36
***************************************************
out at $48.80
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