Traders- Some levels, a couple of scenarios and my thoughts on action today. Enjoy :) First things first, Chart A NQ and Chart B ES Daily auctions below. Here is another look at ES.. These charts are not exactly pictures of health in my opinion. However for now we grin and grind higher. Once the lower LIS breaks, what’s below us? 4400 on ES. 14238 on NQ IMO. Now 4601 and 15200 respectively. Today was also inside days which tend to interest me a lot.
How does everyone execute these plays? Do you do one trade and leave it all day? Do you put stops in? I am constantly f'ing up these plays by not being patient and am about to put my fist through my computer screens - all 3 of them.
Hi Tic, sounds like a silly question and you might have answered few times. I know you are not spoon feeding here. But I still take my risk to ask - How to trade /ES? I know you are not a fan of options here for $SPX or $/ES. So do you buy $SPY and Short it? Or you buy /ES? Is there any other way to trade above levels besides doing Options?
Hi there, one of the subs asked me to rewrite my version of the TicToc indicator for TradingView adjusting it to the daily time frame, you know who you are :). My initial version adapted the indicator to the current time frame so if you were on the 5 mins time frame you would see small values of the indicator as the difference would be only 5 mins. This version below calculates the difference between your current time frame and the previous close of the 5 stocks included in the indicator. "I hope" this is what Tic is seeing. I would love if some of you guys can test it can give feedback on it. Please try the code below:
Thanks Tic! I have a buddy that works for Lennar and he said they are hurting from the extremely high demand and material price instability. Said the company would prefer higher rates to kill demand so they keep margins up
Thanks for all the hard work that you do as usual. Even if my moves aren't right the brain is being excercised thanks to your writing.
What I like to do is go back and visit individual names from weekly posts (even months back) on days like this and see how they are performing. Now one that has caused me all kinds of confusion is again AMT.
After first fed meeting and rate increases as well as going into them there was some serious decline. Now inflation hasnt eased and there isn't much of a case that rates wont raise again and if not more(even if it isnt enough to actually combat inflation effectively). Yet AMT suddenly, going into a significant inflation report, has shown quite a bit of strength... which then if I look at other REITs they seem to be holding well.
Not what I was expecting working through this week. I am open to anyones insights and thoughts on this, as I would imagine rate increases are not a good scenario for REITs. The only thing different with AMT...theyre issuing notes. I am literally a cowboy/rancher in MT with less than a decade trading experience in equities. So always like hearing others thoughts and opinions so I can continue to grow and learn. Even if it means I get to look dumb.
How does everyone execute these plays? Do you do one trade and leave it all day? Do you put stops in? I am constantly f'ing up these plays by not being patient and am about to put my fist through my computer screens - all 3 of them.
Hi Tic, sounds like a silly question and you might have answered few times. I know you are not spoon feeding here. But I still take my risk to ask - How to trade /ES? I know you are not a fan of options here for $SPX or $/ES. So do you buy $SPY and Short it? Or you buy /ES? Is there any other way to trade above levels besides doing Options?
Do you have private Chanel? Telagram
Dr Tic, I have a question.
POC and the VA you've explained well are essential levels.
What I'm seeing though, is that they fluctuate with different aggregation periods, at least on TDA.
For example, as of the time of writing, these are the levels of POC:
Agg period POC
1 hr 4594.1
15 m 4590.63
5 m 4596.88
6400 tick 4588.54
400 tick 4586.46
So there's a range of >$10 for the price at which the most trades have occurred?
What's your preferred agg period and why when you divine your levels?
Do you have private Chanel
For anyone that hasn't noticed there is a typo. LOD yesterday was 4575 not 4565.
Institutionals will take the thing up into 4650-ties tonight,I believe.
Thanks Tic!
https://www.reuters.com/business/autos-transportation/tesla-signed-secret-nickel-supply-deal-with-vale-bloomberg-news-2022-03-30/
Tic pick $VALE (from months back) + $TSLA 🤝. I missed it because I'm a moron. Many of you may not have.
Other EV makers don't have such scale of supply chain guarantees and control, Tesla is best prepared.
I hope many bot $VALE, if you did 🍻
Thank you
Hi there, one of the subs asked me to rewrite my version of the TicToc indicator for TradingView adjusting it to the daily time frame, you know who you are :). My initial version adapted the indicator to the current time frame so if you were on the 5 mins time frame you would see small values of the indicator as the difference would be only 5 mins. This version below calculates the difference between your current time frame and the previous close of the 5 stocks included in the indicator. "I hope" this is what Tic is seeing. I would love if some of you guys can test it can give feedback on it. Please try the code below:
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//@version=5
// @v_i_c
indicator("Percent Change Monitor", overlay=false)
currentTimeFrame = input.timeframe("","Timeframe")
stock1 = input.symbol(defval="AAPL", title="Symbol 1")
stock2 = input.symbol(defval="MSFT", title="Symbol 2")
stock3 = input.symbol(defval="AMZN", title="Symbol 3")
stock4 = input.symbol(defval="TSLA", title="Symbol 4")
stock5 = input.symbol(defval="GOOGL", title="Symbol 5")
Price1 = request.security(stock1, "1D", close[1])
Price2 = request.security(stock1, currentTimeFrame, close)
Price3 = request.security(stock2, "1D", close[1])
Price4 = request.security(stock2, currentTimeFrame, close)
Price5 = request.security(stock3, "1D", close[1])
Price6 = request.security(stock3, currentTimeFrame, close)
Price7 = request.security(stock4, "1D", close[1])
Price8 = request.security(stock4, currentTimeFrame, close)
Price9 = request.security(stock5, "1D", close[1])
Price10 = request.security(stock5, currentTimeFrame, close)
PercentChg3 = ((Price2 - Price1)+ (Price4 - Price3)+ (Price6 - Price5)+ (Price8 - Price7)+ (Price10 - Price9))/(Price1+Price3+Price5+Price7+Price9) *100
plot(PercentChg3,style=plot.style_columns,color=PercentChg3>0 ? color.green : color.red )
thank you Tic :) good analysis & helps for navigating
Thanks Tic! I have a buddy that works for Lennar and he said they are hurting from the extremely high demand and material price instability. Said the company would prefer higher rates to kill demand so they keep margins up
Thanks so very much Tic🙏
No thanks to Fkn Biden we get an oil pullback and this may force the top LIS to be broken..Hope not
Thanks for all the hard work that you do as usual. Even if my moves aren't right the brain is being excercised thanks to your writing.
What I like to do is go back and visit individual names from weekly posts (even months back) on days like this and see how they are performing. Now one that has caused me all kinds of confusion is again AMT.
After first fed meeting and rate increases as well as going into them there was some serious decline. Now inflation hasnt eased and there isn't much of a case that rates wont raise again and if not more(even if it isnt enough to actually combat inflation effectively). Yet AMT suddenly, going into a significant inflation report, has shown quite a bit of strength... which then if I look at other REITs they seem to be holding well.
Not what I was expecting working through this week. I am open to anyones insights and thoughts on this, as I would imagine rate increases are not a good scenario for REITs. The only thing different with AMT...theyre issuing notes. I am literally a cowboy/rancher in MT with less than a decade trading experience in equities. So always like hearing others thoughts and opinions so I can continue to grow and learn. Even if it means I get to look dumb.