AtTheMoney.org | Greg’s Stock Market

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[AtTheMoney.org | Greg’s Stock Market @InTheMoney18]

Simple finance, what they teach you in school states that something with significant risk requires excess returns. Market has had 2 drawdowns of +10%, and one of +20% in december. What do we have to show for it? $SPX in the same position as a year ago... #StockMarket #atthemoney

[Stay the Curse @staythecurse]

I found a strategy for trading the $SPY / $ES_F late last year and almost every day I watch it work short and long and still can't manage to just sit on my @#*%ing hands until it shows up. Would have been 15 pts on $ES_F with 2ticks MAE today. 1.5 pts on $SPY with 1 penny MAE.

[AtTheMoney.org | Greg’s Stock Market @InTheMoney18]

Next week I’ll be paying attention to $CRM for a bounce up to the 151-153 level and pressing a short as soon as it gets there. Looking at a downward sloping trendline that would result in failure at that level, as well as the 200 day MA in that area #atthemoney

[AtTheMoney.org | Greg’s Stock Market @InTheMoney18]

Meeting the resistance of 2945-2955 in the $SPX. Big test for a volatile and seemingly fragile market on Monday, let’s see how it plays out. If I had to guess, Monday-Tuesday rally’s that slowly fade into the close. Followed by end of week pain...#atthemoney

[AtTheMoney.org | Greg’s Stock Market @InTheMoney18]

Market volume isn’t the most convincing at the moment to suggest the mid-term / long-term bottom is in. But I think we could see a good week or two here of slightly higher highs. Let’s pay attention to $SPY, $AMZN, $APPL to confirm the highs before we go long #inthemoney