PureDelta

PureDelta Updated 

The S&P 500 is in a bit of a pickle in terms of orderflow. Looking at the Cumulative Delta Volume (CVD) and price, relative to April's highs, we see that the deltas have peeled off significantly. In this case, the CVD is showing exhaustion. Bulls are, perhaps, not as serious as before. This will give some solace to market short-sellers, though I would prefer to...

PureDelta Updated 

MRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position. Here's the chart showing those indicators: I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on Tuesday for a nice $50/ share short with...

PureDelta Updated 

NFLX has been trading in a range for many months, as we can see by this weekly chart here: Stochastics on the daily chart are showing it as heavily overbought, with an RSI of about 85, likely in anticipation of earnings which come out in 6 days. Historically, NFLX sells off about 80% of the time post earnings, usually quite steeply, with an average sell-off of...

PureDelta Updated 

I am looking at entering a short position on Disney (DIS) via a call-credit spread because of a few criteria that are present within the chart. First and foremost, on the daily chart, there is a consistent downtrend present since March 8th of this year, characterized by constant rejections of the 10, 25, and 50 exponential moving averages. I will be selling...