7 replies to this topic

[dTraderB]

Currently amassing a big short position in QQQ, SPY PUTs and VXX LONGs

 

Target is 17 to 22% profit on total portfolio, could be much more id SPX drops below 2700 by January 2020

 

Risking 11 to 14 % based on potential NQ and SPY LONG daytrades.

 

 

[Waver]

dTraderB
Do you have any idea of the time of break downward?
Meaning we are extremely close to all time highs, do you have an idea when when the decline should start?

[.Blizzard]

The market is ready for a breakout of the recent highs, before any significative correction

[Waver]

.Blizzard
I tend to agree with that based on the overall picture.
That is why I am asking dTraderB.

But really what do I know.
Not having the best year trading. Not like last year anyway.

[dTraderB]

Market has been trying to breakout but has failed, so far

 

My ideal max shorting scenario is the market rally into the FED meeting, bullish Trade talks, VIX crushed to below 11, VXX at 15 or lower, 

and SPX near 3200, QQQ above 204

 

However, it may not get at those levels, market can start tanking today, after 9 or 10 successive days of Volatility declines. 

 

A more likely top will be approximately SPX 3110, QQQ 200 and VIX 12

[dTraderB]

Getting there:

 

Kerberos007‏ @kerberos007

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Oct 20 $TVIX Short Interest as of Sep 30 Alert: 1 $TVIX SI exceeding 17M 2 last time exceeding 10M in late April; May VIX spike 3 And exceeding 18M in July; Aug VIX spike 4 Lg Specs net short $VX $COT approaching ATH 5 Lg Specs net long #ES & #NQ Hmm This time is different?

10:21 AM - 20 Oct 2019

 

[slupert]

Currently amassing a big short position in QQQ, SPY PUTs and VXX LONGs

 

Target is 17 to 22% profit on total portfolio, could be much more id SPX drops below 2700 by January 2020

 

Risking 11 to 14 % based on potential NQ and SPY LONG daytrades.

 

 

Out of qid, definitely looking for upside break out now. (JMHO)

[skott]

This post is empty

Edited by skott, 31 October 2019 - 09:59 AM.