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Market will drop now after FED & TRADE PUTs are not in play


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#31 robo

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Posted 02 July 2019 - 02:23 PM

Suddenly, I have gone from daytrading NQ to daytrading VXX !!

 

NO major trades, just small trades as market moves

I'm still long VXF, and the VIX BOT smashers are working hard today.....  I will flip to VXX once VXF goes to a sell signal..... LOL.... IWM not looking to good so maybe next week.....  I just trade the trend...  Still NO sell signal.....

 

GDXJ made a nice bounce today......

 

 https://stockcharts....960&a=673223032


Edited by robo, 02 July 2019 - 02:24 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#32 robo

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Posted 02 July 2019 - 02:57 PM

I will be taking a VXX trade after the close based on the BB crash trade for the VIX ( Beer Money Trade)

 

Long VXF and GDXJ


Edited by robo, 02 July 2019 - 02:57 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#33 dTraderB

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Posted 02 July 2019 - 04:26 PM

Reminder to all: please vote on the ACTUAL POSITION POLL at the very top of this forum post list. 

 

As Mark said, it is very useful and important for all of us since it allows each of us to contribute towards a poll that can help ALL of us, OK?

 

This long-running and popular site is a valuable one to all of us, it is free,  so we need to participate to keep the site being valuable to us and benefit us in our trading. 

 

I am partially short and voted for BULLISH tomorrow since as I have said before the July 4 rally will take us into the end of the week and then the drop begins. So, I am bullish for Wednesday and building SHORTs.

 

Have a happy July 4, I will be out from later tonight and return on Monday evening. Of course, I will be monitoring the markets, especially NFM report on Friday and trade if I have to....