xarlor
587 posts
msg #151088
- Ignore xarlor |
3/5/2020 10:16:40 PM
Since we're all waiting for this correction to stabilize, here is a filter for bearish stocks. I usually play these with bearish options strategies, but no reason you couldn't short either.
|
klynn55
747 posts
msg #151089
- Ignore klynn55 |
3/6/2020 2:01:18 AM
I love the filter, im feeling lazy though -could you explain the logic behind it ? thanks
|
svtsnakebitn
150 posts
msg #151090
- Ignore svtsnakebitn |
3/6/2020 7:32:03 AM
Also - how far out do you go with you option strikes?
|
xarlor
587 posts
msg #151094
- Ignore xarlor |
3/6/2020 8:38:52 AM
@klynn55:
Close under the wma(200) for 100 days signals a strong bearish trend.
The slope tells us it is not recovering, either.
Relative strength compares the stock to the SPY. We're looking for the stock to be underperforming SPY for last 150 days.
The slope of Relative Strength confirms the last 30 days are still underperforming SPY and show no signs of recovering.
The HiCl4 and HiCl6 gives me resistance areas, which are good for selecting strike prices on options.
@svtsnakebitn:
It depends on what the IV is and what strategy I'm using.
Credit spreads usually 30-45 DTE.
Debit spreads 60-90 DTE.
Calendars 20-45 DTE for front month.
Long puts 60+ DTE.
|
Cheese
1,374 posts
msg #151097
- Ignore Cheese |
3/6/2020 10:45:06 AM
xarlor 3/5/2020 10:16:40 PM
Since we're all waiting for this correction to stabilize, here is a filter for bearish stocks. I usually play these with bearish options strategies, but no reason you couldn't short either.
==================================================================================
For peeps who only long stocks, which signals would tell you that this correction has stabilized?
Thanks
|
xarlor
587 posts
msg #151098
- Ignore xarlor |
3/6/2020 11:30:54 AM
Here is my Market Health filter:
For me, SPY and at least 3 of the other tickers need to be trading above their wma(150). Right now, only NFLX is.
Also, recent 4-month lows indicate we are still early on in the correction.
When do we go from correction to bearish market? When 4-month lows exceed 4-month highs.
|
Cheese
1,374 posts
msg #151099
- Ignore Cheese |
3/6/2020 11:32:20 AM
Thank you, xarlor
|
klynn55
747 posts
msg #151100
- Ignore klynn55 |
3/6/2020 12:48:31 PM
if you sit down and think about this virus esp cause one patient caused the confinement of 128 health care workers, do the math were in trouble, I worked in nursing homes , very difficult to find replacements for people who wipe rear ends or work in a laundry that reeks of … humanity. get yourself a good bottle
and a steak , enjoy ! so my guess is the bigs will let it go, seniors with weakness will be no more.
|
nibor100
1,048 posts
msg #151102
- Ignore nibor100 |
3/6/2020 1:07:10 PM
Its been 10 days for the self quarantine for those 120+ California health care workers, any update on how many of them have gotten sick? Only 4 days to go before they go back to work....
Thanks,
Ed S.
|
Cheese
1,374 posts
msg #151103
- Ignore Cheese |
3/6/2020 2:02:34 PM
Ed S,
I could not find any update about that specific case. You may want to sign up for the text alert below.
Thoughts and prayers for a speedy recovery to all affected.
https://www.sfgate.com/news/bayarea/article/San-Francisco-Launches-Covid-19-Text-Message-15110512.php
San Francisco launches COVID-19 text message alert system
Bay City News Service Published 6:52 am PST, Friday, March 6, 2020
SAN FRANCISCO (BCN)
The San Francisco Department of Emergency Management and the Department of Public Health on Friday announced the launch of a new COVID-19 public information system text message alert system.
The system will allow city officials to send real-time information to the public concerning the novel coronavirus in San Francisco.
Beginning Friday, the public can sign up to receive the text messages by texting COVID19SF to the shortcode: 888-777.
Officials said the system, which is being administered through the citywide alerting system AlertSF, will let public health and safety officials issue information and instructions about the novel coronavirus and will also be used to communicate the potential cancellation of major events and public facility closures.
|