
Michie
418 posts

Michie
@micmic_bo
Actuary. Love films, travelling, food & drinks, coffee, belly dancing, skiing, dogs, economic topics and crypto ❤




$NVDA Top short candidate into end of year Best breakdowns result from failed breakouts... Really nice simple and respected channel here on the weekly


@andresupehig @liambarker As someone of Indian heritage I can recommend the following 1) Gymkhana 2) Kricket 3) Cinnamon Club / Kitchen 4) Kutir 5) Kahani 7) Gunpowder 8) Bibi 9) Tayyabs 19) And last but not least a lovely place called Charista in Shoreditch



today's breadth: out of 503 S&P-500 stocks & 11 sectors 1) all 10 major sectors are up 2) only XLE is down <0.2% consolidating 3) only < 60 stocks are down 4) another good breadth day across the board 5) broader market breadth =81% from less than 10% on that 3500 hot CPI day

beware: some charting services got the fib wrong they reversed the 38% and 62% fib 38% is always the minor retracment then 50% = avg retracement then 62% = deep retracement below I did it before the close so it was off by a few points. no big deal




when $VIX =80 during the Pandemic implying $SPX would be trading +-80% in a year implied daily $SPX move = annualized move / sqrt(252) = 80% / 16 = +- 5% = or within +-5% daily move with 68% prob we had many -5% daily moves, including limit-down nights during Feb/Mar Pandemic🧐

PhD calculus: 🤣🤣🤣 daily move = 32 / sqrt(trading days in a year) = 32 / sqrt (252) weekly move = 32/sqrt(trading weeks in a year) = 32 / sqrt (52) monthly move = 32/sqrt(trading months in a year) = 32 / sqrt (12)



