bookmark_borderTelegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/

Assessment: Not much to update on because it was yet another low volume and flat day, but I did want you to see something. Take a look at the volume this time of the year last year compared to this year. If I covered up the dates on the chart and just showed you the volume the past 30 days you would likely guess it was July and not October.

Not sure what has changed, but perhaps retail traders indeed have left the market in large quantities and are betting sports now. Hey…you never know! There was an article published about it. LOL

SPY Chart: https://sblk.io/s/GgK2ibUKFvCLfEz

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/

Assessment: Up and down we go, but nowhere fast. It’s a slow grind, but that isn’t really conducive to options trading or finding value. We are clearly at a top, but nobody got rich buying high. There will be a sell-off coming, one that will likely see us back to SPY $500 or below…and that will setup some good buying opportunities. The problem is when this will happen. I am not in a rush to enter new positions unless those new positions are short positions because of how high this market is. However, short sellers are getting crushed most of this year, so why take the risk. I either need to see key supports break to add confidence to a short position or there’s nothing else to do because I can’t buy here.

SPY Chart: https://sblk.io/s/rxaOfeUYsJfLTxl

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/

Assessment: The market continues to grind higher, but the volume has been quite pathetic and well below average. It gives me the feel that this whole rally is a house of cards and when it collapses it will be a very rapid and sharp collapse. However, it is tough to fight the trend. The better idea is to wait until a key support is broken (like the previous high of $564) and then I might think about expanding a short position.

SPY Chart: https://sblk.io/s/N7nRC3UohGTPHxE

Good luck in your trades!

bookmark_border**TSP Insiders**

Since June’s launch, the TSP Insiders’ (https://TSPInsiders.com) client releases have been a GREAT success!

Wolf is 18-11 (62.1% winners)
Tony is 5-2 (71.4% winners)

Ok…you got me! It’s not been a “GREAT” success because neither Wolf nor Tony has a 100% win percentage. You’re right, they could do A LOT better…and I promise they’re trying to get to 100%, but in the mean time I’ll keep them around.

Within the combined 23-13 record is a 7-4 (63.6% winners) performance on client releases which were actually sold (i.e. you had to pay to access)…the other 16-9 (64.0% winners) performance is on their client releases which were provided FREE either in TSP Live for subscribers, the TSP Insiders Telegram channel (https://t.me/+uA1toIdUnulhYWNh) and/or WHOP (https://AnalyticsWolf.com).

Yes, I know if you pay for something then it should always win. We aren’t there yet, but no problem…Wolf, Tony and myself are more than happy if you don’t purchase…because if the previous sentence is how you feel, you are probably a BIG pain in the ass and we rather not deal with you.

Yes, there is a “pay” component to TSP Insiders, but it is your support through your purchases, which went 7-4, that provided the additional 16-9 record as a bonus!

The goal when TSP Insiders launched (June) was to bring in new sources of quality intel and content to The Sharp Plays audience which would then provide high level performance MOSTLY FOR FREE! I think, albeit only a few months in, the goal has been achieved!

Despite the success, the evolution of the TSP Insiders continues with two upcoming evolutions. The first is that a quick tutorial will be created on how to use WHOP. I would say about 95% have no issues, the other 5% struggle with it…and I get that it can be complicated. So, I will put together a tutorial with pictures in the days ahead and link throughout the websites. The second evolution is to have “guaranteed” selection sales. What “guaranteed selection sales” would mean is if Wolf or Tony lost a paid play then you would get their next 7 days of client releases for free. So, instead of client releases going to Wolf’s free membership and/or the Telegram channel for free, these releases would only be accessible to people who purchased the losing selection. If the selection won, the plays would continue to go to Telegram and Wolf/Tony can move on with any subsequent paid selections.

I look forward to any feedback because it’s your feedback which gave me these two ideas! If you have shitty feedback…I will look forward to the comedic value but won’t care.

Thank you for all your support which makes everything The Sharp Plays possible!

Good luck!

bookmark_borderTelegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/

Assessment: Not much action this week or yesterday. I don’t expect anything exciting today or tomorrow as our Jewish friends out there are celebrating Rosh Hashanah (New Year)…and that means a lot of the traders and managers out there will not be at their desks. So barring some major geopolitical action that is unexpected, I don’t think we see anything today or tomorrow.

SPY Chart: https://sblk.io/s/ovoKTRUqF2hMFK5

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/

Assessment: Some selling yesterday that was on above average volume. Market very boring to trade though as we were at $560 in SPY on August 19th…and we are only 8 points up about a month and a half later. We did get a little sell-off but nothing exciting. Typically we get weak seasonality this time of the year, but nothing yet. Maybe yesterday’s action was the canary in the coal mine.

SPY Chart: https://sblk.io/s/KRX4tgUNsxIwF76

Good luck in your trades!