Major's Trades#HYG & #JNK got hit by institutions at the tops today.
#IYY (DJIA ETF) hit at the tops Friday.
#SPXL with its 6th biggest institution trade at the tops today.
Perhaps we're retracing down?
@eigenman Might be interesting for ya ⬆️
eigenman 
@majortrades Confirms my bias 😀
@eigenman Well either we are going to see another trip up of a lifetime or we are about to retrace. I am leaning toward retracing.
@majortrades Bond rates will likely determine the outcome in the short term. Earnings growth after that. Both are in my model decidedly not bullish. As in no new bull market here. Doesn't mean a FOMO mania can't leg it up for now. House still needs pass a budget by next week. Not a peep on this yet.
@majortrades So the bulls have a good indicator too. Whaley Breadth Thrust hit last week. Another Light One. Like in Jan 2023. 2 out of 3 conditions filled. But then you had awful breadth today so.....
@majortrades BUT my indicators also have a nice Head and Shoulder reversal confirmed to a lower lows lower highs downtrend that literally bounced off that line for this rally AND no less than 3 gaps from just last week below yet to be filled. Reversal of IWM today is not what IWM has done with strong breadth thrusts in the past.
#QQQ has an even better fit H&S reversal down trend with rally off the lower bound right into the upper bound.
@eigenman I heard another smart trader today say they're long IWM and short QQQ
@majortrades Oh sure. Pairs trade was perfect here. Not so sure now. IWM also has gaps below now. And I've done that one before. Mean reversion pairs trade. To me IWM = Breadth trend. It reaches a new level then oscillates with breadth.
The managers I know are pairs trading short spy/qqq long TLT
@majortrades I did in fact consider buying IWM as it was at the bottom of that current oscillation levels. I never pulled the trigger. I was almost there. I know managers that did. And even told them that was the one index I would buy now. 
@majortrades DHI has earnings in the morning and I'm in CO so have to get up really early if I want to play it as I have size (8) short atm. But not like it really changes things. I'm long term bear on this one. Gonna be an interesting week. Next week even more so.
@eigenman Good luck on that one! I've tried to shy away from playing earnings lately. Well, I'll play them with short strangles. 😜
@majortrades I'm not really playing the earnings. I agree. Don't play earnings. They just happen to be having one while I'm shorting them. 
It's more like a possible opportunity. Too much pump on meh earnings is an add. Too much crash on a meh earnings is a cover. And they are usually fast enough that you have to be there to do it.
It's more like a possible opportunity. Too much pump on meh earnings is an add. Too much crash on a meh earnings is a cover. And they are usually fast enough that you have to be there to do it.@eigenman Well I am sending good vibes your way nonetheless. 📨
@majortrades hah ok thx bud
Bwizzle@majortrades are these 2 block orders that you’re seeing that are a total of $2.3 million? so inferring that institutions are selling? Just looking for clarification in terms of how to read this graph
@bwizzle Well, the volume leaders tool does not provide directionality. It only says "big stuff happened here."
It's up to us to use charts and other stuff to infer which direction their bet is likely pointing.