Premarket Friday, October 26

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Administratia:

If you haven't read my update to the Twitter alert status, please do so.  The link is here:  https://greekgodtrading.blogspot.com/2018/10/update-on-twitter-csp-alerts.html

My real-time trades, specifically for the account that I trade my CSPs and CCs, are echo'd to the Twitter feed so you can see what I'm doing.

The alerts files (monthly historical as well as the alerts generated as of the last trading day, after market open), are available here ( https://goo.gl/WbuJhS ).  The archive subfolder contains historical alerts files that you can review.

Real-time Q&A with me, if I'm available, is through this link:  https://discord.gg/4QAUqyd This is Dr. Jeffrey Scott's HGSI Discord forum and it's worth your time to join (free).  I am @PaulDuncan at Discord and I typically watch the #cashsecuredputs-n-coveredcalls channel.  Come say "hello"!

CSP Source List for Friday:  The lists are the best of the week in terms of candidates, but are still thin.  The lists are published here at https://goo.gl/XZKgwY   

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My Crystal Ball

If you feel you must dabble, then do so knowing risk is high.  Quite high.  Stick to your trading plan and if you don't have a trading plan, especially one that addresses risk management or position sizing, don't play in this market.

The $TIKUS shows constructive, but only 1-day positive behavior:

Click on the image to enlarge.

Thursday saw steady buying out of the starting blocks and this continued, more/less, all day long.  This is good.

We also had over 700 stocks making new lows while only 43 made new 52-week highs.  This is bad.

We also have some distance to go to get the cumulative tick to reverse and start moving upward.

Again, if you feel you must participate, then do so with caution.

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CSP Lists are updated and we may generate some weekly and monthly alerts today.  Ensure that you look at earnings, as I do not suppress alerts based upon ER.

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As with all my ramblings, you are responsible for your own investment/trading decisions and I am not.  Please do your own diligence, and please take ownership for your actions.  Please read and acknowledge the disclaimer that is listed on the left on the web site page.

Regards,

Paul