89 replies to this topic

[SemiBizz]

Of course a bounce is to be expected... the Nasdaq fell 114 points from 6423 to 6309 this morning...

 

And we have that Fibonacci Magnet at 6371, which is always going to pull price.

 

a .50R would take Nasdaq to 6366...

 

Sort of normal.

[salam]

New trading range on S+P 2460-75...but for how long?  I close below 2460 gets me bearish...but Ive covered in the 2462 area and profits are locked in

[salam]

Have unloaded half of covered longs for 10 point profit...will let rest ride and wait for 2475 (50% fib retracement of yesterdays move)

[salam]

Wow! Out of longs at 2476....14 points...net 50% short from 2480 still....

Thank you President Trump and WWW

[salam]

A very profitable few days....

 

...Covered my long and now net 1/3 Long @ 2463 cash area 5 point stop on the covered Long.

 

This could be a tradeable low going into options expiration next week.

 

If I'm wrong I lose 5 points and  we test next critical support @ 2450... with >17 points locked in

Edited by salam, 10 August 2017 - 08:20 AM.

[salam]

Repositioned to net short...small covered long....think 2460 may not hold

[SemiBizz]

Nasdaq is all set to test 6300, on the way to the gap fill target at 6193...

 

There's nothing here until 6218 now... we can go straight down.

[salam]

50% short 3 point loss....

[SemiBizz]

Thing is... Tonight NVDA reports...

 

They are going to jam these semiconductors into the close...

 

Tomorrow be the day to short those pigs.

 

This isn't going to get better, there's no resolution in sight.

 

They need to send Duterte over to see young Kim to "splain" a few things to him...

[SemiBizz]

OK so ultimate target now is still 6193, but we should get buyers now at 6218....