We'll see.
SPX (closing basis)
Edited by TechMan, 14 July 2015 - 10:56 AM.
Posted 14 July 2015 - 10:49 AM
Edited by TechMan, 14 July 2015 - 10:56 AM.
Posted 14 July 2015 - 11:44 AM
I've just cashed in my long positions. Now I'm in cash and waiting. Both the SPX and the NDX are just a stone's throw away from the top of their multi-month range. Ideally, I'd like to see the SPX at ~2120 and the NDX at ~4550 to initiate short entries with 0.50% stops.
We'll see.
SPX (closing basis)
Edited by salam, 14 July 2015 - 11:46 AM.
Posted 14 July 2015 - 01:29 PM
Shorting around 2109-12 for beer money might tempt me, but I'm patiently waiting for 2127-35 to start adding again
Now I'm in cash and waiting... Ideally, I'd like to see the SPX at ~2120 and the NDX at ~4550 to initiate short entries with 0.50% stops.
Posted 14 July 2015 - 01:49 PM
Posted 14 July 2015 - 04:57 PM
Posted 15 July 2015 - 05:07 AM
As long as the NDX CLV CUM remains below the 50-day SMA, downside risk remains. Today's also an NR7 day. Range expansion should be expected in the next couple of sessions.
Posted 15 July 2015 - 03:26 PM
As long as the NDX CLV CUM remains below the 50-day SMA, downside risk remains. Today's also an NR7 day. Range expansion should be expected in the next couple of sessions.
Doji day today methinks
Market wants to test 2115-2120 then back to 2102-5 area (where I might be a buyer)
No meaningful dips being provided to enter for bulls.
Im liking the July 20th scenario, but not writing off a blow off either
Till 2040 breaks to the downside, this bull will continue snorting.
participation is mixed rather than broad. Limited uside....
I will scale in position shorts 2120-35 area, hopefully next week
Posted 15 July 2015 - 04:23 PM
Posted 15 July 2015 - 09:34 PM
Phew! That was a "fast money" INTC post earning trade. 9%+ run-up was ideal for a quick mean reversion trade. Extra overtime work, but it's good money during earnings season.
Anyway, 7-8 is July OpEx week win-loss record of the past 15 years. Friday is 6-9. And, since range further contracts today, we're likely to see the spread between the opening high and the day's low widened tomorrow and/or Monday.
Still didn't like the risk/reward at day's high 2114 (SPX), so I wait...
Edited by salam, 15 July 2015 - 09:35 PM.
Posted 15 July 2015 - 10:18 PM
Phew! That was a "fast money" INTC post earning trade. 9%+ run-up was ideal for a quick mean reversion trade. Extra overtime work, but it's good money during earnings season.
Anyway, 7-8 is July OpEx week win-loss record of the past 15 years. Friday is 6-9. And, since range further contracts today, we're likely to see the spread between the opening high and the day's low widened tomorrow and/or Monday.
Still didn't like the risk/reward at day's high 2114 (SPX), so I wait...
Your patience (and mine will be rewarded as early as tomorrow)
Here's hoping for a gap and crap so We can enter 2120-25 area ( Gameover has just posted so it's nearly a given)
I bought (limit order hit) at the 2102 support ...but was happy to take 5 quick points profit at the close. Wish I'd held now; but I'm in scalp mode playing small beer money trades and waiting for the next IT trade.
Planning to scale in with stops in the 2135 area.