ucsgears

Even Selling Pressure - INDEX and Sector

AMEX:XLP   CONSUMER STAPLES SELECT SECTOR SPDR FUND
245 24 2
Marks its extreme Oversold Levels. Will wait for triggers.
There are some fat premium stocks that can be good for spread selling.
As far as indices, Premium selling is not bad idea, essentially this would be a directional trade. Consider RTM             (Reversion to the mean) i.e., The Momo Oscillator goes back to its mean.


This is an indicator that someone will pack it and sell eventually. Watch out.
jangseohee
2 years ago
we buy dip before market close?
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ucsgears PRO jangseohee
2 years ago
No, thats the setup. I start with a lower timeframe (30 Mins / 60 Mins) and see for initial strength. And wait for a reasonable breakout / pullback to enter.
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jangseohee ucsgears
2 years ago
to continue enter for short?
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ucsgears PRO jangseohee
2 years ago
to enter long. Remember I am a trend trader. Only time I trade counter trend is, Divergence Breakout.
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jangseohee ucsgears
2 years ago
Yes Sir
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ucsgears PRO jangseohee
2 years ago
snapshot

This is the idea
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ucsgears PRO
2 years ago
As we speak of the oversold levels and pretty consistent sell offs, there were not extreme Sells in the TICK / TICKQ. While TRIN is at extreme. Volatility is not anywhere a threat for option buyer in the index. Only thing I am watching for as of this moment is, if the TRIN can get hit 3.0 Today before close. As I am writing this, we are facing -800 NYSE TICKs today. There is a bit of divergence EOD in the index and VOLSPD (Advance / Decline)..... Important Timing analysis for Index traders - Watch for any breakouts intraday.
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ucsgears PRO
2 years ago
snapshot
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Rocketman PRO ucsgears
2 years ago
I waited for a daily set-up and got in other stocks based on a daily chart, but not a 30 or 60 minute chart because I had to go to class. I think I need someone to follow with swing trading the stock market, not necessarily how to trade. I already know how to trade. I also bought
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Rocketman PRO Rocketman
2 years ago
I also bought ACLS and JCI today based on a daily chart. ACLS was at support with what looked to be a doji; and JCI was at strong support in what appeared to be a harami. What do you think about these two in terms of swing trading from a chartist's perspective.

I've been holding onto FB since I purchased it at $76 in February before it broke out. My goal was to sell FB (Facebook) when it reached at $89. For DATA my target was to sell at $115. And for GILD, I am holding it because it is making a weekly bull flag.
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Justiceisfalse ucsgears
2 years ago
This might also offer some insight: http://t.co/uNfBqE9DQa
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2use
2 years ago
6-0 . You win
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ucsgears PRO 2use
2 years ago
Thanks. Well, I consider win when Price hits my target. ;-) I am stubborn with analysis and flexible trading. lol. That's why I trade options, collect premium and offset losses. Well, Chris is putting together an option course, I might participate to give some tips. Chris is a experienced option seller. I have learnt few techniques from him, I apply them on setups I am familiar, he does it on his fav setups.
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ucsgears PRO 2use
2 years ago
Most importantly, this was a win for the UCS_Momo_Oscillator. Do not overlook Oversold and Overbought. One of the indicator post, i mentioned this. Overbought in uptrend is void and Oversold in downtrend is void.
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Justiceisfalse ucsgears
2 years ago
can you post a link here for the UCS_Momo_Oscillator please
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ucsgears PRO
2 years ago
UCS MOMO Oscillator - V1 =
UCS_Momentum Oscillator

UCS MOMO Oscillator - V2 =
UCS_Momentum Oscillator - Version 2


V2 includes a trend portion - Similar idea is used in CM_UCS_Modified Slingshot for trend identification.
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Justiceisfalse ucsgears
2 years ago
Thank you! I think I like v2 more. Great tool to scout out breaks.
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ucsgears PRO Justiceisfalse
2 years ago
Well, Have been using it on specific list of stocks since 2013. I have staged Setups and corresponding Option strategies. And adjustment to every option strategy based on this setup. If I have to swing trade with two tools - This oscillator and bollinger band w/ my alerts is all will choose. Other indicators are good to have, not a necessity.
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ucsgears PRO
2 years ago
Planned upgrades for the UCS-Momo_Oscillator (Sneak Peak)
- Only display meaningful trend information
- Only display setups
- Will Code Triggers
- Will Code Stoplosses

Once published and available, Live test series....

snapshot
+1 Reply
Justiceisfalse ucsgears
2 years ago
Looks awesome!
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ucsgears PRO Justiceisfalse
2 years ago
This is not a holy grail, You need to filter signals. Goal is to have this strategy with higher probability of success (> 65%) and Low Risk to Reward (1/2 or 1/3). So I am working towards that. Might take some time, the ultimate product should have the conditions met. This will in THEORY be a profitable / reliable setups to trade.
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Justiceisfalse ucsgears
2 years ago
OMG a holly grail!
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2use ucsgears
2 years ago
Once you get your hands on stuff you do it until its perfect eh?:)
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ucsgears PRO 2use
2 years ago
Strive to, Being an engineer, we are trained to trust in equations - derived based on probabilities. We focus on Probability of Failure. Science is not Perfect, but close to perfection.
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