Daily Watchlist Archive
Each morning's Chronicle — click Open to view the full newspaper watchlist in a new tab.
Recent Issues
| Date | Best Tier | Momentum | Condors | GEX Regime | Open |
|---|---|---|---|---|---|
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Strategy Playbooks
Full documentation for each Chronicle strategy — signals, rules, position sizing, and exits.
Momentum Continuation
The momentum continuation strategy targets stocks already in established uptrends, entering on continuation as institutional buying sustains the move. It does not buy breakouts from bases — it buys stocks that have already broken out and are continuing to hold above key moving averages. The focus is on quality over quantity: only stocks meeting every filter simultaneously appear in the Chronicle.
What the Scanner Looks For
| Factor | What It Measures | Why It Matters |
|---|---|---|
| Rate of Change | Short-term price momentum relative to recent history | Separates stocks with genuine institutional sponsorship from noise |
| Volume Persistence | Whether elevated volume is sustained across multiple sessions | One-day volume spikes are meaningless — sustained heavy volume signals real demand |
| Moving Average Proximity | How far price has extended above its short-term MA | Over-extended stocks are poor entries; proximity to rising MA defines low-risk zones |
| MA Stack Alignment | Relative ordering of short and medium MAs | A full bullish stack (price > short MA > medium MA, both rising) confirms trend health |
| Volatility Range | ATR as a percentage of price | Stocks must have enough daily range to produce meaningful moves from small position sizes |
| GEX Gate | SPY/QQQ position relative to gamma flip | Directional trades are only taken when the macro gamma environment is supportive |
| Cooldown Period | Time since last signal on same ticker | Prevents re-entering the same name repeatedly during a single trend; forces discipline |
Tier Classification
Every qualifying signal is scored across multiple factors and assigned a tier. Higher tiers receive larger position allocations. The scoring model is proprietary — the Chronicle does the ranking so you don't have to.
| Tier | Signal Quality | Risk Allocation | Stop Anchor |
|---|---|---|---|
| A+ | Highest momentum score — strongest trend, volume, and positioning | Largest allocation | Tightest stop — highest conviction |
| A | Strong momentum score — solid trend with good volume confirmation | Standard allocation | Stop anchored to short-term MA |
| B | Qualifying score — meets all filters but with less extreme readings | Reduced allocation | Wider stop — lower conviction |
Exit Framework
- Hard stop: A defined maximum loss per position protects against catastrophic drawdowns — set at entry, never moved against you
- Time stop: Positions are exited after a maximum hold period even if the stop has not been hit — prevents tying up capital in stalled trades
- Trend exit: A close below the rising short-term MA signals trend deterioration — exit on the next open
- Volume collapse: If sustained volume dries up across multiple sessions, the institutional bid has likely faded — exit
- Profit target: Each watchlist entry includes a specific target level based on the entry risk; take partial or full profits at target
Gamma Exposure Scanner
Gamma Exposure (GEX) measures the aggregate options gamma that market makers hold. Because dealers hedge their delta exposure dynamically, their hedging activity creates systematic, predictable price effects at key strike levels.
Key Levels Explained
| Level | Definition | Implication |
|---|---|---|
| Gamma Flip | Price where dealer net GEX crosses zero | Above = bullish dampening. Below = bearish amplification. |
| Call Wall | Strike with highest positive gamma concentration | Strong resistance — dealers sell into rallies near this level |
| Put Wall | Strike with highest negative gamma concentration | Strong support — dealers buy into dips near this level |
| Max Pain | Price where aggregate options losses are maximised | Market often gravitates toward max pain at expiration |
| Net GEX | Total net gamma of dealer book | High positive = pinning / low vol. Negative = vol expansion. |
Regime Interpretation
| Regime | Condition | Chronicle Action |
|---|---|---|
| Bullish | SPY above gamma flip, net GEX positive | Show momentum long candidates. Suppress condors. |
| Neutral | SPY near gamma flip level | Show both momentum picks AND iron condor setups. |
| Bearish | SPY below gamma flip, net GEX negative | Suppress all directional longs. Iron condors only. |
Data Source
GEX data is sourced from a professional options market data provider. The scanner pulls the gamma flip level, call/put walls, max pain, and full strike-by-strike GEX for both SPY and QQQ. Data is fetched each evening after 4 PM ET. VIX is pulled from CBOE as a secondary volatility context indicator.
Iron Condor Setups
Iron condors are four-leg options spreads that profit when the underlying stays within a defined range through expiration. By selling both an out-of-the-money call spread and an out-of-the-money put spread simultaneously, you collect net premium and profit from time decay — as long as price doesn't breach either short strike.
The Chronicle deploys condors only on indices (SPY, QQQ) and only when the GEX regime is Neutral or Bearish — conditions where the gamma environment suppresses large directional moves, making range-bound price action more likely.
How the Chronicle Structures Condors
| Parameter | Approach | Rationale |
|---|---|---|
| Short Call Strike | Anchored to Call Wall level | Dealer resistance at the Call Wall makes it a natural price ceiling — sell there |
| Short Put Strike | Anchored to Put Wall level | Dealer support at the Put Wall makes it a natural price floor — sell there |
| Wing Width | Sized for defined risk | Wider wings = more protection, lower premium. Sized to match the vol environment. |
| Delta Selection | Low-probability short strikes | Short strikes chosen to have a low statistical probability of being reached by expiration |
| Expiration | Intermediate DTE range | Positioned in the optimal theta decay zone — far enough out to collect meaningful premium, not so far out that time decay is slow |
| Underlying | SPY, QQQ | High liquidity, tight spreads, and liquid options chains keep costs low |
| Credit Target | Minimum credit-to-width ratio | A threshold ratio ensures the R/R of the trade is acceptable before entry |
Management Rules
- Profit target: Close the position early once a meaningful portion of max profit is captured — theta has done its job, no need to hold to expiration
- Stop loss: Exit at a defined multiple of the net credit received — loss is capped and known at entry
- Time stop: Close before entering the high-gamma danger zone near expiration, even if the profit target hasn't been hit
- Side management: If the underlying approaches a short strike, close or roll the threatened side before it becomes a problem
- Never add to a losing condor — exit the position and reassess the environment
When to Deploy
- GEX regime is Neutral or Bearish — the gamma environment suppresses large directional moves
- Implied Volatility Rank (IVR) is elevated — sell premium when options are relatively expensive
- VIX is elevated but not actively spiking — avoid deploying into vol expansion events
- No major catalyst (earnings, FOMC, CPI) falls within the expiration window
Strategy Performance
Backtested and live tracked results across all three Chronicle strategies.
| Tier | Trades | Win Rate | Avg Return | Best Trade | Worst Trade | Max DD |
|---|---|---|---|---|---|---|
| A+ | 48 | 73% | +22.1% | +81% | -18% | 9.4% |
| A | 94 | 69% | +16.8% | +52% | -18% | 11.2% |
| B | 127 | 63% | +11.3% | +38% | -18% | 14.3% |
| Regime at Entry | Trades | Win Rate | Avg Return | Notes |
|---|---|---|---|---|
| Neutral GEX | 84 | 76% | +9.2% | Optimal — gamma pinning helps condors |
| Negative GEX | 31 | 58% | +4.1% | Higher vol; wider wings needed |
Directional options and futures trades on ES/NQ taken when price crosses the gamma flip level with confirmation — entering in the direction of the flip transition. Calls/long futures above the flip, puts/short futures below it.
| Direction | Instrument | Trades | Win Rate | Avg Return | Notes |
|---|---|---|---|---|---|
| Above Flip (Long) | SPY/QQQ Calls · /ES Long | 67 | 65% | +15.8% | Dealer hedging supports momentum |
| Below Flip (Short) | SPY/QQQ Puts · /ES Short | 54 | 56% | +11.9% | More volatile; size conservatively |
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