By the Numbers:
NASDAQ
Latest Close Previous Close Week Ago
Issues traded 4,938 4,885 4,862
Advances 1,785 1,490 2,536
Declines 2,896 3,149 2,098
Unchanged 257 246 228
New highs 160 158 179
New lows 322 409 106
The Underlying Structure for the Nasdaq is weakening significantly.
Declining Issues in Breadth as outpacing Advancing Issues @ ~2:1.
NHNL @ ~ 2:1
___________________________________________________________________
ETFs are being used to Level the Nasdaq Higher.
QQQs managed to return 2.04% in the face of an Overall Weakness in
Market Breadth.
Passive ETFs
AMZN & AAPL were the Leaders.
AAPL, for the Fifth time, re-announced the iCar as we indicated - when the
iGangsters regurgitate Auto Nirvana - AAPL Moves Higher.
An abysmal Q3 is in the Wind, memories are short.
The iCar for iCult won't arrive until 2024 at the earliest. No matter, the Jumbos
took the Gamma Squeeze to AAPL +6.69% for the Week.
Wealthy Participants can afford to pay up to $1000 for AMZN Calls, Retail -overindebted,
overleveraged Retail cannot afford these Premiums.
It is the Domain of the Market Operators, once again throwing DELTA into an uncomfortable
imbalance.
AMZN was up 3.95% for the Week after a Dismal Q3 in Real, Inflation Adjusted Terms.
Jumbos Banked again on Calls.
___________________________________________________________________
2 Weeks of Back to Back Gamma Squeezes and further Delta imbalance. This condition creates
a Bid, as we have noted repeatedly, for VX. The Only Hedge until parity is reached between
the DEC & MAR Contracts for the underlying NQ. And this is an unlikely event as ROLL will
abate it during the Week they converge and spreads come in to Par.
OR
Options Writers can choose to SELL Passive ETFs?
No, further disaster is at Risk should yet another Gamme Squeeze be cast into the Wind.
___________________________________________________________________
The Issue for this Week is simply this, it is a Holiday Trading Week, low Participation, lower
Volumes.
Thanksgiving: Thursday, Nov. 25 - Markets will be Closed but, Re-Open Friday.
Giving up a Day to additional Bets @ the Flamingos Sports Book carries increased Risk, not that
they can't pull it off.
They may well perform another dislocation against waning Breadth.
Thanksgiving: Thursday, Nov. 25
___________________________________________________________________
With the Overall Count reaching 8/8 on Monday, Tuesday will be Key.
NQ hit its Trendline, popped up through it, and closed on it.
There is a Higher Daily Trendline well above, well above.
___________________________________________________________________
We carried 16 NQ Sells for the Weekend after pressing 54 - 64: closing 75% at
the 559/.500% Level.
Determine where to Press this Position based upon Monday's Price Levels and IF
the GAP from Friday Fills.
NASDAQ
Latest Close Previous Close Week Ago
Issues traded 4,938 4,885 4,862
Advances 1,785 1,490 2,536
Declines 2,896 3,149 2,098
Unchanged 257 246 228
New highs 160 158 179
New lows 322 409 106
The Underlying Structure for the Nasdaq is weakening significantly.
Declining Issues in Breadth as outpacing Advancing Issues @ ~2:1.
NHNL @ ~ 2:1
___________________________________________________________________
ETFs are being used to Level the Nasdaq Higher.
QQQs managed to return 2.04% in the face of an Overall Weakness in
Market Breadth.
Passive ETFs
AMZN & AAPL were the Leaders.
AAPL, for the Fifth time, re-announced the iCar as we indicated - when the
iGangsters regurgitate Auto Nirvana - AAPL Moves Higher.
An abysmal Q3 is in the Wind, memories are short.
The iCar for iCult won't arrive until 2024 at the earliest. No matter, the Jumbos
took the Gamma Squeeze to AAPL +6.69% for the Week.
Wealthy Participants can afford to pay up to $1000 for AMZN Calls, Retail -overindebted,
overleveraged Retail cannot afford these Premiums.
It is the Domain of the Market Operators, once again throwing DELTA into an uncomfortable
imbalance.
AMZN was up 3.95% for the Week after a Dismal Q3 in Real, Inflation Adjusted Terms.
Jumbos Banked again on Calls.
___________________________________________________________________
2 Weeks of Back to Back Gamma Squeezes and further Delta imbalance. This condition creates
a Bid, as we have noted repeatedly, for VX. The Only Hedge until parity is reached between
the DEC & MAR Contracts for the underlying NQ. And this is an unlikely event as ROLL will
abate it during the Week they converge and spreads come in to Par.
OR
Options Writers can choose to SELL Passive ETFs?
No, further disaster is at Risk should yet another Gamme Squeeze be cast into the Wind.
___________________________________________________________________
The Issue for this Week is simply this, it is a Holiday Trading Week, low Participation, lower
Volumes.
Thanksgiving: Thursday, Nov. 25 - Markets will be Closed but, Re-Open Friday.
Giving up a Day to additional Bets @ the Flamingos Sports Book carries increased Risk, not that
they can't pull it off.
They may well perform another dislocation against waning Breadth.
Thanksgiving: Thursday, Nov. 25
___________________________________________________________________
With the Overall Count reaching 8/8 on Monday, Tuesday will be Key.
NQ hit its Trendline, popped up through it, and closed on it.
There is a Higher Daily Trendline well above, well above.
___________________________________________________________________
We carried 16 NQ Sells for the Weekend after pressing 54 - 64: closing 75% at
the 559/.500% Level.
Determine where to Press this Position based upon Monday's Price Levels and IF
the GAP from Friday Fills.