WillNixTrading

WillNixTrading

A lot of speculation regarding small caps being a 'catchup trade'. Perhaps it will play out that way. Perhaps it wont. A few observations: Weekly chart has held long term trend, well, over the past 20 years. Small caps are sensitive to Fed Funds Rates. The circumstances of the rate change is important. My expectation: Small caps upward move will precede...

WillNixTrading

RSI divergence, fading volume on rising price, leave us….untrusting….neutral is our position.

WillNixTrading Updated 

Instrument: QQQ Direction: Long Time Frame: 1W Upper Target: 100DSMA Lower Stop: ~413 (New Rel Low) Reference Weekly Monday Journal for basis.

WillNixTrading

Traders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. ...

WillNixTrading Updated 

SPX (SPY) is my 'overall market' instrument which is why i have used it for this analysis. Given: FED remains the primary determinant for overall market movement Drawdown 1 aligned with RSI MA cross-over Duration of Bull Run 2 is 'overbought' per RSI 50W MA (White) is extrapolated-projected (White dashed) It is noteworthy that: SPX / SPY...

WillNixTrading

Russ - yikes , things aren’t good when compared to the QQQ

WillNixTrading

one would think we must ultimately return to long term trend ?!

WillNixTrading

… clearly see a (medium term) trend on the daily SPY , and overall market. if the markets do pull back towards lower trend support, given the disappointing inflation data, increased volatility could make for a nice opportunity to sell puts. I do expect there to be strong upward support at the lower trend support line/channel. If the trend channel fails, stop...

WillNixTrading

A clear, and long term trend with price is occurring. watching the approaching line of resistance (LoR) closely.

WillNixTrading

NVDA Mar28 675/630 Bull Put Love this trade here. Profit on the increased options premiums. Breakeven 670.58 MAX Loss 4037 MAX Return 465 If you have questions on how this type of trade works, post a comment. - WillNixx

WillNixTrading Updated 

Options Trade - Credit Put Spread 150 / 145 May 5 Expiry A Margin Crunch which impacted Tesla's bottom line - which has pushed share prices downwards towards long term support / resistance, I expect the price to find stability here. I find no other reason for the stock price to take a continued hammering, at this level. China relations remain an extra sensitive...

WillNixTrading Updated 

If Action tests and rejects the Rising Wedge Support (Teal Line) This would trigger Entry (Circle) SL at or near the Weekly High. Take Profit at or near April 19 Pivot (Orange P1 / Red Line)

WillNixTrading

Just an update to an earlier chart - Im still confused and concerned.

WillNixTrading

What the hell is going on? the spread between futures and index is ever widening… and i’m unsure why

WillNixTrading

Bank Earnings have been great! Though, The market wasn’t overly thrilled about it. We believe this is due in part to the uncertainty it caused regarding the fed rate path. The bank failure(s) that occurred, and fear of continued failures, cast doubt on the feds ability to continue to raise rates. This elevated markets, in our opinion, in conjunction with...

WillNixTrading

An AI index, comprised of: Shown in Blue Google Microsoft NVIDIA C3.AI Nasdaq Shown in Orange We see that they have broken away from the returns offered by the Nazzy Tech Index Bottom of the Graph: Spread between the above defined AI index and the Nazzy. Has reached its All Time High.. Traders would have earned an additional 20+% by...

WillNixTrading

Thoughts on the yield curve ? Shall we stabilize from here (uninvert?) Shy is the two year rising away from the other treasuries in the face of a slowing economy?

WillNixTrading

Unemployment bad. Nazzy not happy. When Nazzy not happy, nobody happy. Unless You shorty. Directional is bearish on multiple TF ADX confirms sentiment 310/315 credit call spreads was the tool 4/28 expiry