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APPLE re-opens Crash Window, bears on the prowl


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#11 dTraderB

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Posted 02 November 2018 - 06:03 AM

I am a great Buffet fan. He made tons of money in a hostoric bull market because he stuck to his strategy. 

BUt, will he also make such profits in a bear or sideways market?



#12 dTraderB

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Posted 02 November 2018 - 06:06 AM

Trump reminded us he still has a card or two to play before Tuesday.  So, he decides to negotiate with himself in the trade deal, brilliant strategy!

The hero rescued the bull, for now. Thank you, Donald, for a 50-point NQ profit overnight. Bought at 7021 (see post after APPLE earnigns yesterday) and closed at 7092 this morning. 

 

Forget the politics, just trade the market.....SPX could reach the 2765 200ma today, the important issue is the close. 

 

Next important event is the NFP report in about 90 minutes



#13 dTraderB

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Posted 02 November 2018 - 06:56 AM

 

 

 

 

Stock buybacks have returned, calming a jittery market. Some analysts hope a resurgence in repurchases could help support share prices during a period of ongoing geopolitical and economic uncertainty.

Here’s what happens when dividend investing goes wrong. James Mackintosh writes that shareholders focus far too much on the payouts and forget whether the businesses can sustain them.

Key Events

U.S. nonfarm payrolls for October, out at 8:30 a.m. ET, are expected to rise by 188,000 from the prior month, and the unemployment rate is expected to hold steady at 3.7%. 

The U.S. trade deficit for September, due at 8:30 a.m., is expected to widen to $53.8 billion from $53.24 billion the prior month.

U.S. factory orders for September, released at 10 a.m., are expected to rise 0.5% from the prior month.

The Baker-Hughes Rig Count is released at 1 p.m.



#14 dTraderB

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Posted 02 November 2018 - 07:00 AM

Close NQ long and two NQ trades - one long, one short

 

Looking to buy on any significant dip post-NFP



#15 dTraderB

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Posted 02 November 2018 - 08:08 AM

NQ long 7043

Let us see it drop now to 6700!



#16 dTraderB

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Posted 02 November 2018 - 08:24 AM

LOL

 

Dow pares gains after White House official throws cold water on Trump-China trade deal progress 

 

This is a developing news story. Please check back for updates:

 

https://www.cnbc.com...m-payrolls.html

#17 dTraderB

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Posted 02 November 2018 - 08:28 AM

Just looking at the hourly & daily SPX charts, again, with relative volaitlity and VIX....

 

the 200ma at 2765 is the most important level today

 

A spike up could take SPX to 2780

 

As for downside targets, everything below to SPX 2532 is in play.....2710 first objective

 

NET 3 QQQ puts (6 puts/3 calls)... failed to close the calls yesterday, may get another opportunity at higher prices to do so today

LONG NQ @ 7043 --- keeping this, a rough hedge to options, and my daytrading NQ is not dependent on this

Crude.... VXX... if time allows will trade


Edited by dTraderB, 02 November 2018 - 08:29 AM.


#18 NAV

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Posted 02 November 2018 - 08:41 AM

 

BUt, will he also make such profits in a bear or sideways market?

 

No. But why does he need to ? 


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

 

https://twitter.com/Trader_NAV

 

 


#19 dTraderB

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Posted 02 November 2018 - 08:48 AM

Defiinitely closing 2 QQQ calls on this leg up.... not going to nickel & dime it

 

I will then be Net 5 QQQ puts, my NQ long 7043 is up by 45 points... .. an other NQ long up 36

 

too busy



#20 dTraderB

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Posted 02 November 2018 - 09:43 AM

Two HUGE NQ shorts & one VXX long

 

busy...