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Bearish close as Bulls snatch defeat from the jaws of victory....


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#21 dTraderB

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Posted 01 November 2018 - 12:50 PM

one day makes such a huge difference! 

New month, much lower activity....

 

but seems to be picking up now, let's see if we can get one or two more big trades

 



#22 dTraderB

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Posted 01 November 2018 - 01:00 PM

Employment Report Up Next 

Friday morning the BLS releases the October employment report. It will most likely leave expectations for a December Fed rate hike intact. We should focus on the unemployment rate and wages. Steady or even an uptick in the unemployment rate would help convince central bankers that they can squeeze more out of the labor market. That said, continued acceleration in wage growth would suggest that any lingering slack may be minimal.

Bottom Line: It would take quite a dive in the data to stop the Fed from hiking in December. We won’t find that kind of dive int he next employment report. The Fed will tend toward hiking rates until they are confident that economic activity is likely to slow enough that concerns of overheating fade. We aren’t there yet.

See link for more:

 

https://blogs.uorego...port-up-next-2/

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#23 dTraderB

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Posted 01 November 2018 - 01:04 PM

Wall St extends gains as Trump says will meet #China's Xi as trade talks 'move along nicely.' BUT sounds engineered to generate an S&P bounce before mid-term elections, Bluebay’s Ash says.

 

https://www.reuters....a-idUSKCN1N658F



#24 dTraderB

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Posted 01 November 2018 - 01:10 PM

ah, an NQ short worth trading!



#25 dTraderB

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Posted 01 November 2018 - 01:24 PM

and now a promising long NQ trade. 

 



#26 dTraderB

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Posted 01 November 2018 - 01:58 PM

If the market closes around these levels, at this time, 2;57pm, then it will be the best 3-day rally in 3 years .... I think that's they said. 

Isn't that enough evidence to call a bottom? 

 

Yeah, but still doesn't feel as if there is enough bullish confidence. This can come with APPLE earnings & NFP report - if they are bullish. 



#27 dTraderB

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Posted 01 November 2018 - 02:00 PM

I have lowered my sell limit orders to close 2 QQQ JAN 162 calls

I am now net 3 QQQ puts; if filled I will be net 5 QQQ puts.



#28 kaiser soze

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Posted 01 November 2018 - 02:10 PM

SOX up 10 % from the lows....  Portends good news from AAPL, me thinks.



#29 dTraderB

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Posted 01 November 2018 - 02:43 PM

Let's move this up!!!

Let's go... closer to the 200ma

Let us end the day with a big one. ..

 

I could get a fill on 2 QQQ JAN 162 calls



#30 dTraderB

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Posted 01 November 2018 - 03:01 PM

Did not get a fill,....

Will buy NQ on any significant drop after APPLE's earnings