Note From Rolls

I get questions all the time, “Up or down Rolls?” Most of the time I don’t answer that question. Sometimes the data gives us obvious directional clues, and I’m quick to let you know. Sometimes the darkpools have very large trades and you get a great sense of direction if the ticker goes over or under the print. Sometimes they just bang around prints and grind up and down slowly, and I have no idea where the market is going.

I developed my own tool (RR Oscillator) to help with those “in-between” times as a signal to either enter swing trades or sit on my hands. My batting average is much better long than short, so I play to my strengths. A daily snapshot of the oscillator is available to paid subscribers, and hopefully some day this tool will available in real time as an add-on subscription.

Intro

Tuesday

SPY neutral prints, but over high volume trade box (bullish). Watch levels in chart below.

QQQ bullish over 376.

Macro trend neutral.

Realtime prints keep watching these levels. AAPL probably the best clue.

• AAPL 193.10 “Big Devil”. Borderline.
• MSFT 345 under levels. Bearish.

Close prints neutral.

Risk event tomorrow (Powell). Be careful.

Wednesday

MSFT still under prints.

AAPL cruising up.

SPY & QQQ looks to me like they’re just banging between the prints waiting for moving averages to catch up to price.

SPY PRINTS

More trades at 455.