A Look At The ISE Equity Only

Below is a graph of the ISE Equity Only 10 day moving average.


The high in January was 207. If the ISE equity closes at 240, where it stands as of when I am writing this post, the 10 day moving average will be 202 and another indicator will be in top territory. Below is a look at the raw data that makes up this indicator.

Taking a closer look at the raw data, we will be dropping a very low number today, which I highlighted in red. For the three days following we will be dropping medium readings, which I highlighted in orange, so its not impossible that the indicator will continue to rise through the end of the week.

To summarize, if we get continued call buying through the end of the day another indicator will be in the danger zone. However, it is possible for this indicator to continue higher through the end of the week which jibes with a top at options expiration.

16 comments:

Onlooker said...

Tsachy

I use the site for intraday info, so I have that. Where do you get the historical data you show here? Is that subscription service data? I couldn't find it on the site.

Thanks

Tsachy Mishal said...

Go to

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

and click on the link "Download all available ISEE Historical Data"

Onlooker said...

Oh, duh! I was staring right past the download historical data link. I'm quite embarrassed.

Thanks

Anonymous said...

Good stuff Tsachy.

Tsachy Mishal said...

Thanks.

Onlooker said...

Woo hoo! Nice FOMC spasm and spike.

Short time? Fading off the spike it looks like so far.

Onlooker said...

Spoke too soon. :-]

Onlooker said...

Ah yes, there we go now. That looks like an exhaustion move, no?

Tsachy Mishal said...

The call buying continued and the market reversed anyway. Thats a positive.

Onlooker said...

I'm sorry, but I may not be clear on what you just said. By positive do you mean for taking a short position, as you had planned? Or positive for the market, which I don't quite understand, if so.

Tsachy Mishal said...

A positive for you, not the market.

Tsachy Mishal said...

I was too slow waiting for the put/call ratios to come out and the market already reversed.

Onlooker said...

Ah, good to hear. Thanks, you had me worried though I couldn't figure out what I may have been missing. :-]

I took another short position on the spike. We'll see if this gets follow through. Time will tell, of course.

Onlooker said...

Geez, looks like you're not regretting missing that. I stopped out of that position about even.

You've sure been spot on with your calls the last few days (at least).

Thoughts?

Tsachy Mishal said...

Im still debating whether to put a small short on at the close. I am going to save most of my firepower for expiration.

Onlooker said...

I'm sorry, stupid question (i.e. thoughts?).

You've given them already. This may just take a bit longer with OPEX and all.