TSLR Weekender

Market had another pullback this week as the Dow continues to move away from an area of strong resistance at 16500.  Nasdaq and Russell are holding a little better.

There is a distinct lack of quality charts at the moment, which usually signals a good time to sit out from the market until it either pushes higher or begins to follow through on the technical reversal.

This weekend I want to outline a few offering downside hedges.  I’m not saying the market is going to roll, but a few of the hedge plays are looking good technically.

GM reversal formation, lots of these about just now

GM reversal formation, lots of these about just now

GDX continues to move as expected VXX for VIX volatility TZA wedge action Nice and tight post-reversal consolidation

 

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One thought on “TSLR Weekender

  1. Hello,

    I saw that you have some Thinkorswim code and I would like to ask you a question about a custom study that I have. I do not want to post the code here. Please email me if you can and I’ll send it to you.

    Thanks.

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