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#1 NAV

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Posted 13 November 2017 - 09:33 AM

IT: Uptrend 
ST: Correction
Position: Cash
 
Dip buyers got caught in a gap-down again. Thrice bitten...

It's not the knowing that is difficult, but the doing. 


#2 OEXCHAOS

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Posted 13 November 2017 - 09:57 AM

I bought the gap down. :)

 

I think we see new highs. It doesn't square with the ITBM or TSP or our weekly model, but I suspect that the Bulls will get right and then the Bears will get their Thanksgiving.

 

M


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#3 OEXCHAOS

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Posted 13 November 2017 - 10:00 AM

Snugged stop to Break Even.

 

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#4 libertas

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Posted 13 November 2017 - 10:04 AM

This market is on autopilot, the trend will be intact until a deviation is too large; then the autopilot will disconnect and the wings will come off.



#5 OEXCHAOS

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Posted 13 November 2017 - 10:19 AM

Apologies for the hijack. Just following up. Stop snugged to 257725 (ES).


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#6 NAV

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Posted 13 November 2017 - 10:27 AM

Apologies for the hijack. Just following up. Stop snugged to 257725 (ES).

 

Mark,

It's a trading related thread. I would only be happy to see folks posting their trades.

 

Your trade looks like a good day trade. We still do not have the setup for a multi-day swing trade. It's likely a one day wonder (or a one hour wonder). 


Edited by NAV, 13 November 2017 - 10:27 AM.

It's not the knowing that is difficult, but the doing. 


#7 dowdeva

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Posted 13 November 2017 - 10:44 AM

I bought the gap down. smile.png

 

I think we see new highs. It doesn't square with the ITBM or TSP or our weekly model, but I suspect that the Bulls will get right and then the Bears will get their Thanksgiving.

 

Me too. SPY options @ 9:48 am



#8 libertas

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Posted 13 November 2017 - 11:29 AM

Bot SPX Nov 27 2570 puts. Someone's gotta be the bear.



#9 OEXCHAOS

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Posted 13 November 2017 - 11:39 AM

Man, the market loves torturing me. LOL!

 

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#10 libertas

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Posted 13 November 2017 - 12:04 PM

The RUT generally peaks before the SPX. Looks to me that this condition is in effect. If so, there's an SPX peak close by. "Close" in days, not seconds.


Edited by libertas, 13 November 2017 - 12:06 PM.