32 replies to this topic

[dTraderB]

I needed that weekend, really mentally tired after a week of trading.

I will be turning BULLISH this week unless market reverses. WHAT? 

Well, if the market continues to march upwards then one has to go with the market and trade with it. 

 

Sure, it is nearing that psychological SPX 3000 level  - 3000/3030 is a strong resistance zone -- and it will most likely be unable to move beyond that  but if it does then I will turn bullish IT. 

 

OF COURSE, IT WILL NOT BE ABLE TO DO SO but I will buy a few stocks if it trades above that level.

 

For now, I will add more SEP SPY PUTS, currently holding 55, and daytrade NQ with an occasional ES LONG 

 

Maybe, I will trade CRUDE IT but cannot focus on more than 2 to 3 trading instruments during the day. I am NET SHORT one crude.and will close that position today. I had a great run with CRUDE during the last 3 months or so but I prefer to focus on NQ and ES. 

 

 

Despite the big rally, it's hard to see who's buying

https://www.sentimen...ee-whos-buying/

Edited by dTraderB, 11 May 2020 - 06:29 AM.

[K Wave]

YM 24K back test where we are now should hold....if not then could be first sign of bull trouble...

[K Wave]

As usual NDX charging off the dip first...

[LMF]

Like 55 day highs on the Qs here.......selling into strength for the most part. The open was laughable IMO.....

Edited by LMF, 11 May 2020 - 08:58 AM.

[robo]

Hmmmm....  look at the M1....  I added to the historical WOW chart..... IWM and $NYA still lagging.....  The M1 money should help move them higher...  We know why the SPX keeps moving higher..... 4 or 5 stocks......  I'm currently on a sell signal. However, the trend is currently up, but a few early warning  indicators put me into cash.

 

https://stockcharts....129&a=752532132

Edited by robo, 11 May 2020 - 09:11 AM.

[Darris]

2 and 3 month commercial paper looks like it was reported on May 7th.

[K Wave]

UVXY still in full collapse mode....

[dTraderB]

added 2 more QQQ puts

 

closed 2 SPY PUTS

 

net short 1 OCT CRUDE

 

several NQ daytrades

 

 

2 ES LONG still open -- my PUT hedge strategy of buy ES when ES at least 1% below daily or SWING high and at least 2 PUTS are in the green

will close these as soon as 1-minute chart goes negative on momentum, which is about now

[K Wave]

NDX may have outkicked the coverage at this point....

 

May take a few days to roll over after this blast, but am about to go into top hunting mode soon...could still see 9400-9500 over next few days before reaction down begins.

[dTraderB]

Hate to do it, again, but it is the partial PUT hedge strategy

buy limit ES LONG order filled 2914

 

1 ES LONG

56 SPY PUTS

8 NQ PUTS

FLAT CRUDE