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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (185231)3/12/2022 1:01:09 AM
From: sense  Read Replies (1) of 217638
 
I did note an oddity in the market today...

Have no idea what to make of it... had forgotten until your post...

Recently the options portfolio has been doing gangbusters... mostly green across the board, every day, in both the oily things and miners alike... even on less good days in the market... while the share holdings in the juniors I tend to favor have been a mostly mixed bag... the usual day being a random drift by a herd of cats at best... save for a few with motors running... but bad days in the market usually having them show red even without really moving lower, as a few impatient sellers drop to the ask...and they trade a few shares there... before moving back up to trade at the bid the next day...

Today, however, was different... all the options plays were red out the gate... and all the junior miners were in the green... all at the same time... none by very much... but, all positive. The pattern it made on the page was one you couldn't avoid noticing... particularly as it was a stark reversal of recent norms... and, it was weird...

As I mull it... seems likely it was probably a "raid"... have seen lots of coordinated attempts made recently to take the juniors down on ridiculous small volume trades... which often works when they're left to drift. Today, the bigger miners took their hits en echelon... but, the little guys somehow all fended them off... in sync ?

I've also noted a lot of pattern completion trades occurring in the junior space recently... ie., the Basel III trade is past "winding down" and has now... essentially ended... with the completion of the trade... and the completion of the exits from the trades in the usual inverted cup and handle short/suppression trades... They're taken down to a marker level... tag the marker... bounce off the bottom... and then... left to drift with not being constantly pressured lower again every time they try to get up off the mat...

It's an obvious enough chart pattern... and what I've been using in timing entries in bottom trades...

i don't see any coordinated reversal trades in them... only see them struggling less to avoid the sort of constant declines that we now see occurring daily in the SPY, instead...

Management stepping up to defend them... market makers making markets again... or just pro-active shareholders who've been taking positions recently... aware of the costs imposed by the constant sniping and stepping up to provide some downside risk protection ? My guess is the later...



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