Australian (ASX) Stock Market Forum

Trading the XJO with CFDs

one more bit
spx where are the buyers 041221.png
 
retail cfd's 81% buy to open

am holding sell to open

price needs to support that we are in a buy area, sentiment supports we are standing on a trap door
the longer we spend in this area the higher probabilities we are going to make new highs with distribution
as clearly we are distributing today, US equities on heavy sell volume and crude making a nice channel

we are sitting on the 2020 altime high, theres decent battle going on to establish that as the base with vpoc
clusters june/july this year, clearly if we impulse thru there the trap door swings

as i'm not qualified to give advice, the above is a trade perspective, so "trap door swings" implies get insurance!
 
Has someone had a fat finger moment? Or, maybe a vision as to what tomorrow may bring?

The former, I suspect, but hoping for the latter.

KH
 
FTR
Aug 13th Friday, $xjo 7632's altime high rotation, on the monday insurance was taken


26/08/2021 8.980 9.000 8.950 9.000 0.050 0.56 103,084
25/08/2021 8.950 8.970 8.930 8.950 -0.010 -0.11 15,696
24/08/2021 8.980 8.980 8.960 8.960 -0.060 -0.67 515,785
23/08/2021 9.020 9.020 9.000 9.020 -0.010 -0.11 14,862
20/08/2021 9.010 9.050 9.000 9.030 0.000 0.00 33,302
19/08/2021 9.060 9.060 9.020 9.030 0.040 0.44 127,549
18/08/2021 9.030 9.030 8.950 8.990 0.040 0.45 59,464
17/08/2021 8.880 8.990 8.880 8.950 0.050 0.56 246,826
16/08/2021 8.860 8.900 8.860 8.900 0.050 0.56 293,268
13/08/2021 8.900 8.900 8.850 8.850 -0.080 -0.90 19,428

12/08/2021 8.890 8.930 8.890 8.930 0.010 0.11 21,699
11/08/2021 8.920 8.940 8.900 8.920 -0.040 -0.45 25,707
 
Yes expiration tomorrow.
I’ll be the ‘proud’ owner of another 300 shares of CBA ??
STO 102C x3 on 5 Nov when sp was 109.
I didn’t think they would drop 6.4% through the trading announcement.
Now I’ll just sell covered calls monthly till they get called away.
Gunnerguy
 
some piccies
this first one is from Walter Deemer (breadth) the best ruh-roh chart i've seen for a while:


second the closing action, again, completes todays distribution :

xjo pros top dsitribution day 171221.png


and we have a daily sell bar print into the weekend:


as we are into chrissy break, pros distributed today, they've mostly gone to do their thing,
we should see more down side next few days probably into late jan, to correct the big upleg todate,
..just a retracement not a bear cycle, but value being a lot lower based on breadth the pull has some levels to go

xjo STO held over weekend 171221.png
 
solid drag on $xjo overnight front month
cash closed 7304 (inc SPA) cfd closed this morning 7279

(the volume profile has a daily reset hence the m/a)
7day m/a of up volume v down volume
NYDNV 181221.png

spx nydownvolume ema 181221.png
 
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