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Long and Strong the S+P

...but Caveat Emptor!

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#11 SemiBizz

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Posted 20 June 2017 - 02:48 PM

Like I said, there's things to do here on volatility and semiconductors...

 

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#12 Charvo

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Posted 20 June 2017 - 03:10 PM

I think the US markets are strong.  The next short in the making is EEM and VWO.  That might take a couple weeks to play out in terms of getting a good short in.



#13 salam

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Posted 20 June 2017 - 08:42 PM

Pretty steady selling today after yesterday's trend day run for the stops, but didn't manage to close yesterday's gap.

10 Dma tested on the break of the 5dma (2440) . So I've put a limit order buy just below the 21 dma around 2430 in case the night monkeys wanna give me a fill. If this doesn't retake and stay above the 5dma tomorrow, a retest of 2420 is highly likely and puts me in neutral bias from bullish. 2445 to 2420 trading range back in play plus or minus the fakeout breakouts.

I'm keeping a close eye on the vix and stocks above their 50dma.

.....also got an eye on those pesky techs Semi!

Edited by salam, 20 June 2017 - 08:47 PM.

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#14 salam

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Posted 21 June 2017 - 03:19 AM

SPX @ 2432. Have removed my order. Will wait for a signal aftercmarket opens.

Monday's upthrust has now been wiped out, terminal moves feed on bears covering, but we are back in the pivot zone. Gonna take Semis advice and stay out of the market for now

Salam

Edited by salam, 21 June 2017 - 03:27 AM.

I'm not sure what my future holds... But I know who holds it.

#15 salam

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Posted 21 June 2017 - 07:53 AM

SHORT Spx 2439.3 stop 2445.5 target 2432 and lower
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#16 salam

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Posted 21 June 2017 - 10:11 AM

Closed 1/3 @ 2435.3 (4 points) Ill let the rest ride; stop at HOD


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#17 salam

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Posted 21 June 2017 - 12:08 PM

Closed 1/3 2433


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#18 SemiBizz

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Posted 21 June 2017 - 12:15 PM

Good Job, shorting still an hourly trade here...

 

We have massive compression building here, and there's a lot of stuff about to blow at the seams like the biotech up, and the oils down... $DJUSEN and $XOI both on 2017 lows here

 

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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#19 salam

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Posted 21 June 2017 - 02:47 PM

Thanks Semi

Flipped long at 2433. Stop 2430. Target 2445

21dma holds for now. Bagged 5 points....I think this long has a better risk reward....

Edited by salam, 21 June 2017 - 02:50 PM.

I'm not sure what my future holds... But I know who holds it.

#20 salam

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Posted 21 June 2017 - 02:55 PM

Sold 1/3 2436 (3 points)....free trade
I'm not sure what my future holds... But I know who holds it.