Member
Posted 02 December 2018 - 11:32 AM
From the other major meeting this weekend: bullish news for crude, and equities:
1 million barrels per day production cut should send oil at least $3 up during the next few sessions, unless the Mid-east blows up or there is a supply disruption elsewhere.
President Putin just announced Russia-Saudi deal for his country to extend OPEC+ #oil production cuts
Member
Posted 02 December 2018 - 06:33 PM
3 NQ trades in first half-hour of December, will trade for another hour or so
Obviously, many stops were hit and some are still trying to get out of SHORT positions.
Markets may not be up by more than 30 SPX points when the cash session opens tomorrow.
Member
Posted 03 December 2018 - 09:01 AM
December opens with a bang, continuation from October & November!
Will be closing HD calls if price reaches my target
Looking to open QQQ puts position, today or tomorrow.
VXX below 30 is a buy but will not add to existing position early in the day
3 NQ shorts, 2 NQ longs so far today
Will be looking to trade NQ long on pullbacks AFTER analyzing cash open
Member
Posted 03 December 2018 - 09:22 AM
Ya I always laugh at this type of day, way to enthusiastic!! News was good but after the run up last week I think its a bit much. Will be interesting to see how the day ends!!
Member
Posted 03 December 2018 - 09:34 AM
You can't help but conclude the major objective for all these trade wars/talks/meetings etc is KEEP THE MARKETS UP
I could be wrong.
Member
Posted 03 December 2018 - 09:39 AM
You can't help but conclude the major objective for all these trade wars/talks/meetings etc is KEEP THE MARKETS UP
I could be wrong.
Totally agree however the push now is getting old, there always need to be a consolidation but I think the downside is going to be limited this month now!
Member
Posted 03 December 2018 - 09:59 AM
Good dump. Did not think I will get a super SHORT NQ trade today.
Looking to go long on first two-bar up move
Member
Posted 03 December 2018 - 11:57 AM
That was fast!
Taking it down to as near as possible to Friday's close and then we can take it up back again
or, kill the rally
Member
Posted 03 December 2018 - 01:47 PM
Enjoying this market today, up & down, SHORT and LONG, with just enough range to trade 4-lot NQ positions (2-1-1)
But, I am noticing more selling and it smells bearish:
IF SPX closes down today (below Friday's close) then the Great Bull Market is over and the Bear is back in town for an extended period.
IF SPX closes more than 1% below today's high then the markets will resume downtrend that was persistent in October & November.
