38 replies to this topic

[salam]

[/quote] Must say that the grind-up and strength over the last few days was a bit of a surprise. I was expecting at least a short term consolidation rather than continued strength. After hour saw ES as high as 2112.5 (or 2117 SPX). BTW, where is the gameover post? He's the best contrarian ever bar none. [/quote] As soon as S&P 2085 broke to the upside I knew my IT position was over and we grind higher. Price always trumps volume....no more sellers left. Re Gameover; either the post was deleted or im imagining things! This could just keep grinding higher but we are approaching the top of the post Feb 2015 trading range. Time to short soon :-)

[TechMan]

NDX 4536 is close enough to take a shot at it with 0.6% stop at 4563 rather than 0.5%.

Looks like it's already at my exit level in the pre-market. This NDX 40-point opening gap-up is just one of those rare incidents. I'll update my decision as soon as I can. It's going to be a busy day for me.

Good luck, guys.

[TechMan]

NDX 4536 is close enough to take a shot at it with 0.6% stop at 4563 rather than 0.5%.

Looks like it's already at my exit level in the pre-market. This NDX 40-point opening gap-up is just one of those rare incidents. I'll update my decision as soon as I can. It's going to be a busy day for me.

Good luck, guys.

Out at 4558 (-0.48%).

[TechMan]

Short the NDX again at 4570. Stop at 4593. Also short the SPX at 2120 with stop at 2136. Good trading!

Edited by TechMan, 16 July 2015 - 09:08 AM.

[salam]

Short the NDX again at 4570. Stop at 4593.

Also short the SPX at 2120 with stop at 2136.

Good trading!

Divergent market

Goldman Sucks and Techs leading

I'm in half position 2120

[salam]

Short the NDX again at 4570. Stop at 4593.

Also short the SPX at 2120 with stop at 2136.

Good trading!

Divergent market

Goldman Sucks and Techs leading

I'm in half position 2120

I think we are early....2127/8 may be tested

[TechMan]

Short the NDX again at 4570. Stop at 4593.

Also short the SPX at 2120 with stop at 2136.

NDX stopped out at ~4593 (-0.5%).

[TechMan]

I think we are early....2127/8 may be tested

Problem is that volatility has gone to sleep. We're having a good ol' volatility squeeze with some extreme divergences. It'll all work out. Tomorrow's another day. It's just one trade anyway.

Edited by TechMan, 16 July 2015 - 03:25 PM.

[TechMan]

New short position. Bought SQQQ at 21.39 (QQQ ~112.30). Soft stop near QQQ 113.

[salam]

New short position. Bought SQQQ at 21.39 (QQQ ~112.30). Soft stop near QQQ 113.

I'll wait to enter full position on AM futures spike.
Vertical up move worries me.

Bullish sentiment into opex reassures me :-)