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ST long, IT long; ALERT: post-OPEX market action


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#1 dTraderB

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Posted 21 September 2018 - 08:24 AM

Breakout of previous range could take SPX all the way to 2980, then the triple K.

 

But, look for the post-OPEX action that can quickly kill the rally & reverse, and that can start later today. 

 

ST long exit stop @ SPX 2925.4

IT long exit stop @ SPX 2914.8 

 

Larger stops as true range expands.....

 

 



#2 dTraderB

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Posted 21 September 2018 - 08:29 AM

adding QQQ puts on any reasonable rally, daytrading  VXX, NQ, and crude

while watching the spectacle of the cannabis stock bubble....

 

Screen-Shot-2018-09-20-at-10.41.04-PM.pn

 

https://cracked.mark...s-to-go-down-2/



#3 K Wave

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Posted 21 September 2018 - 09:25 AM

Something definitely rotten in the AAPL lately....

 

If today turns into a rout there, yesterday gonna start to look a lot like last gasp before collapse....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#4 K Wave

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Posted 21 September 2018 - 09:28 AM

So far, both AAPL and AMZN rejected at back kiss of rolling over 5 min 900 MA....

 

$2 Trillion in market cap still not acting well....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#5 K Wave

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Posted 21 September 2018 - 01:31 PM

AAPL AMZN have now both reversed all of yesterday's gain....

 

Methinks rest of today could be the decider for the next swing move....likely big pivot zone on those 2 right here....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#6 dTraderB

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Posted 21 September 2018 - 07:40 PM

Wow, what a week!

 

Today was really hectic as I spent more than half the session on the QQQ options screen.

 

Triple (or Quad?) Options expiration generated above average volume.

 

Got to rest this weekend to be ready for what might be a far busier week ahead.