Thursday Roadmap and trades
Nov 11th
Anna here gang
Here is a chart on what the Institutions have been doing since July….I found it quite telling, tip to JJBlacksheep for getting this to me.
Thurday 8:30am is Jobless Claims, consensus is 510K previous week was 512K, if the number comes in better than expected, we may test that 1108 that I keep harping on. Today (Wed) I mentioned I didn’t think we were quite done, and not to get into large trades in puts. I think we are close to a retracement that you can buy puts on but not quite yet.
Patience is worth it believe me. In options don’t go out far in time and way out of the $. As you have seen this strategy hardly ever works out, you want to do ATM or ITM options with about a month or more out not more than 45 days for me.
Glad we bailed on CTRP as it’s up over 10% AH and GMCR has come way back, I would like to see it about at 75 by OPX and the butterfly will work perfectly, I did do some adjusting, but most of you keep it the way it was.
Gold has kept going like a man with his hair on fire, I picked up some puts today and if it doesn’t pull in soon I will bail. I do not stay in losing trades. 40% is my limit down max pain 
You all have a great night and see you on the other side.
Wednesday Wacky Road map
Nov 11th
Jack has offered to help out since I must do an important errand this morning and thank you to him. I will be gone around 10:30 to 12:00.
My take is we are going to 1108, and then could either go down for a breather or melt higher. Low volume Holiday gang so tread carefully. In the meantime the bears should remain patient till further notice 
My take is we melt higher 
Jack here, I’ve been having a close look at the index charts this morning as it seems that we might make an important top today. I’ll start adding shorts significantly at SPX 1105 & Dow 10350. I’m looking to the Dow for an entry point as it is in the best technical shape, but I’ll be shorting SPX and Nasdaq as they are already breaking down and lagging the Dow markedly. The Dow, as I mentioned, is in good technical shape, and is still cleanly within the major trend lines: 
SPX has started to break down on the last downswing, but has still managed to climb back above the key lower trendlines. It seems unlikely to make it back to the top of the expanded wedge on this upswing though: 
The Russell 2000 index is leading the breakdown, followed by $TRAN & Nasdaq. $RUT has broken both key lower trendlines, and looks likely to retest, and fail, at the lower of those trendlines, which is the expanded wedge trendline. 
We will be making a swing high today or at some point in the next week. If Dow & USD break out of their expanding wedges on the next equities selloff, that will most likely signal that a very key top has been made.
Update on GLD chart looks like short term puts would be good
Jack's end of day wrap up
Nov 10th
This is from my dear friend Jack, I am hanging out till 1108 before I really short, so tread carefully gang till then…ok love ya
In my humble opinion we have a last gasp to the upside on SPX ….
Jack here Ok gang, this is where I see us now. Condensed version & I’ll post the full one later on.
We are near the next intermediate top here. The Dow is now close to the upper trendline of the expanding wedge. I am looking at the Dow because it is the only major index not showing signs of breaking out of that wedge yet:
Looking at the likely top range, it is now likely that we are in day two of a series of range closes that will take us through to opex. Every significant top in the rally to date has been marked by a series of closes like this and the chances are that this will be repeated now:
The Tuesday Take down
Nov 10th
Good morning HOB-sters well it looks like we may take a moment or two to retrace today I am looking @ around 108.68 on the SPY’s. The next level would be 107.35 area. I will re access from there as I feel that any dip will be bought up that’s not to say we can’t go even lower, but OPX is next week and that historically is a bullish week. as you can see in the chart we have bearish divergence, and tomorrow the bond market is closed, so there will be light volume and we know what that can mean. Huge swings!
I would like to take a moment thank all of the brave men and women who have served our country, they are the true heroes and we should never forget that!
Here’s a cute cartoon that a friend of mine sent me that I liked
Step up to Monday Topstep
Nov 9th
You know I love these guys and they see 1150 by end of the year, these are the guys at the top steps of the option pits Gotta love that testoserone. I say we see 1100 area by end of the week, will we get some retracement? I am sure we might, but on dip right now I am adding longs.
We are awaiting some key earnings after the bell on PCLN and FLR
GLTA
What a ride up
Jack's Monday Road Map
Nov 9th
Jack here:
Well, we have arrived very quickly at the moment of truth for this latest phase of the rally, and we may know today which way this is going to resolve. At the time of writing the SPX futures are up over 10.
On the bear side we may be putting in an RS on an H&S pattern. Here is a view of how that may look from my friend alphahorn:
It is the height of the shoulders which is of most importance on the H&S patterns, even when the neckline is sloping as this one is. In my view a break over 1090 would probably invalidate this pattern
In support of the bear side here we have the SPX, which has broken back through the expanded wedge lower channel last week and is now testing the lower channel of the main rally trendline at 1079. This is key resistance. If broken then there is little further resistance below the previous high and the rising wedge upper trendline at 1101:
http://www.screencast.com/users/springheel_jack/folders/09Q4/media/0623d4e2-8651-41e7-851a-cf4db863699b
There is also a key support coming up on USD at 75, which is the broken rally trendline:
On the bull side we have the Dow, which has broken no significant trendlines, and looks mid-way towards the upper expanding wedge trendline at about 10300:
Also on the bull side we have the Vix, which also looks mid-way towards the expanding wedge lower trendline, which will be at about 18 if and when it is reached:
This is very much the moment of truth. If SPX and USD break through resistance, we are likely to reach the other side of all of these expanding wedge trendlines. On the plus side, that will set up an amazing short opportunity when we get there.
PCLN Bullish Butterfly for Earnings 11/07-08 Weekend update
Nov 6th
Monday Update
Strikes for PCLN
185/200/220 debit 1.68
GMCR
70/75/80
Debit .75
you can always see the strikes in the order box at the bottom of the graph as well
Good Weekend to all gang
Today was rather boring except for the blog the tape was a dream killer. But it appears that we are on our way to that 1108 mark sooner than later, I will re access after that, but the bulls have all the $$$$ and step in on every dip to buy.
Here is a risk graph of a butterfly, it is not the exact strikes, but i want you to start to get to know risk graphs and get so good you can look @ one and know whether it is a good one or not
sunday update 11/8 GMRC earnings Butterfly
New Trade for APOL I don’t like any of the spreads for APOL so since the IV is low and there is over 1000 OI on the DEC 60 I will go with a straight call option
This weekend doing a top on OTM, ATM and IMT as well as Risk Mangement. I also will be taking pictures of the Pappa John’s colony and making a page for the ferals. I want you all to put a face with a homeless animal. Also thank you to the folks who opened up their heart. And if you want to donate just for all the help you get here, that would be great. Not just the same folks, but if everyone could find it in there heart to donate a little, I would be able to do more than I do. I am getting a paypal debit card to use the funds solely for the homeless pets.
Off to feed 25 right now have a great weekend Love to you all 
!!
Jack's Friday Workout :)
Nov 6th
Jack here,
Looking at the charts tonight, the big move up today has left both bullish and bearish readings for the tape open. On the bullish side, we have just made higher lows on Dow, SPX and Nasdaq (closing basis) and here is a cycle pivot chart from Joe8888 that I have redone and updated. It is not encouraging for bears if this cycle still holds, as we would appear to have just made a significant pivot low
Another bullish chart is the Dow, which has bounced cleanly off the lower trendlines
and is now rising back towards the upper trendlines:
On SPX we have broken back into the expanding wedge today, and the next serious
resistance is at 975 for the retest of the main rally trendline
The picture on the Nasdaq is still bearish or mixed. All trendlines are broken and
we are now retesting the broken expanding wedge lower trend line
Now I have some more to come due to browser overload later this morning
Anna here G/M thank you to Jack and let’s rock today gang. We had a blast yesterday, so let’s go out on the weekend with a bang!
Thursday Morning Roadmap
Nov 5th
First I would like to congratulate the Yankees on winning the world series! Yea!! Believe it or not, historically when they win the market goes up. hehehe
I also added a donate button, whether you want to donate to the homeless animals I care for everyday or just because you are finding that my blog has helped you with options/market, it is appreciated. On average a year I spend about 15,000 between food, vet, shots. ect along with allot of my time and no I am not a wealthy girl at all. Wish I was but maybe one day. From 1$ to whatever your heart desires, we (animals and I) will be most grateful.
I will also be adding a page with some pictures of my colony for you to see. And yes they all have names each and everyone of them
Now on to the markets, the dollar had a nice bounce overnight, but has since lost it’s steam (I closed out my short EUR/USD for a 50 pip gain) My personal thoughts are we may see 1038 area before going higher, IMHO we have at least one last gasp higher in this wave. I know alllot of bears are going to want to have some Anna for breakfast, but those are my thoughts and I am sticking to them.
For those of you who followed Pra and I on WFMI, Congrats! I will look to close out my put spread today. I will post when I do. …
adding Berk’s Dow Chart below
I agree with Berk the bulls will do their best to recapture 10,000!
Wednesday total Twisting Whiplash
Nov 4th
Hi everyone, well we all knew that this would be a highly volatile day and here’s hoping each and everyone of you made some great coin
I did really well and also played FX rather well today too, which is always allot of fun. I am now short the EUR/USD expecting a nice bounce on the dollar tomorrow. I also added WFMI 31/27 November put spread for earnings tonight.
Bought WFMI to open 31 put
Sell to open WFMI 27 put = Debit of 1.01
Possible ROI is 2.99
Here is a chart on SPY, I feel we could retrace to 1038 and even 1025 is possible, before going higher
Great day everyone you did awesome!!!!!!!!!!!!
Great job Pra for finding the trade while I was so busy
AH looks like WFMI is selling off yeaaaahhhhhhhhh
