16 replies to this topic

[dTraderB]

I may have to shelve my normal Christmas break if this wild market behavior continues! 

 

October, November, and now December, it has been a great market, up & donw, big ranges, lots of volatility, a trader's delight!

 

But, it's almost mid-December, almost time to pack it up for the year, yet it is still very active and seems to be able to carry on like this all the way into 2019.

 

I will close my QQQ calls, winding up for 2018. Will hold XLF calls and GE stock.

 

I will add more calls on any major move down since I am looking for a good rally before the bear comes back, later this month and in 2019.

 

Will buy QQQ puts if QQQ rises above 175

[dTraderB]

I may be spectacularly wrong but the setup seems to be ideal for a year-end rally!

 

And, it can start soon!

 

 

[RagingSpartan]

I am on the other side of that trade.

[dTraderB]

One way to engineer a rally; wondering if there is a way to trade this?

 

zerohedge‏ @zerohedge 2h2 hours ago

More

"Markets" SAUDI GOVERNMENT HAS PLACED HUGE BUY ORDERS, OFTEN IN THE CLOSING MINUTES OF NEGATIVE TRADING DAYS, TO BOOST THE MARKET - WSJ SAUDI ARABIA’S GOVERNMENT HAS BEEN SPENDING BILLIONS OF DOLLARS TO QUIETLY PROP UP ITS STOCK MARKET AND COUNTER SELLOFFS - WSJ

 

[dTraderB]

I am on the other side of that trade.

 

You're bearish for the rest of the year?

[RagingSpartan]

I don't think we get much, if any, of a year end rally. Just waiting for the break lower.

[dTraderB]

I don't think we get much, if any, of a year end rally. Just waiting for the break lower.

 

 

I think it's flat to up for rest of year then down for most of 2019.