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Monster Rally Ahead


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#11 .Blizzard

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Posted 22 March 2020 - 06:17 PM

Just bought 2 contract on Oil @ 21,28 May contract (K)

 

Another very very big buying opportunity


 
 
 


#12 .Blizzard

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Posted 22 March 2020 - 06:52 PM

Short is wrong guys

 

Enjoy the rally!


 
 
 


#13 cycletimer

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Posted 22 March 2020 - 10:50 PM

Buying index calls on tomorrow’s gap down open might be the trade of the week.



#14 brucekeller

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Posted 23 March 2020 - 12:15 AM

I might get some calls, I think it will still be down into Thursday though. Then we can get the apocalyptic job numbers, bears pile in, and Fed's primary dealers go into action, buying ridiculous amounts of equities and bonds. 



#15 flyers&divers

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Posted 23 March 2020 - 04:50 AM

Today should be an interesting day session. So far since 6 PM EST, the ES micro futures (MES) bounced off limit down three times.

A good number of industry indices are trying to put in a swing bottom on my momentum charts.

Anything that does not make a new low today is a candidate for taking out the lowest most recent swing highs.

Some of the at the money or slightly out of the money nearby option Implied Volatility is unreal. Nearby VZ options for example over 100pct annualized. 

I am focused on software and telecommunication supporting doing business and working/learning remotely - for now.


"Successful trading is more about Sun Tzu then Elliott." F&D

#16 K Wave

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Posted 23 March 2020 - 09:09 AM

Likely the markets need a good scare coming into the vote scheduled at noon....let's see  if they start dropping it here soon.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#17 .Blizzard

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Posted 24 March 2020 - 02:06 PM

Sold half position bought @ 2178, here @2408 for 230 handles

 

Staying long from 2366 for the rest

 

Hard stop @ 2220


 
 
 


#18 12SPX

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Posted 25 March 2020 - 11:43 AM

Sold half position bought @ 2178, here @2408 for 230 handles

 

Staying long from 2366 for the rest

 

Hard stop @ 2220

We must think exactly the same except I took 2190 lol!  Got my stop at 2450 right now.