Closed my weekend long NQ hedge +151.5 points, will reopen lower
Daytrading NQ until casj session opens. Had a great week and a badly-needed weekend rest.
Holding 4 QQQ PUTS, 17 SPY PUTS, 2 CRUDE SHORT
Would certainly welcome the volatility of last week, big ranges, big swings, and bubbling up and then bursting.
Market now at critical levels - it either pushes up to new ATHS or drops to rest the SPX 2900 levl
Or, enter the Summer doldrums period, hardly likely in this virus era.
SPX 3400 or 2900, which way first?
Started by
dTraderB
, Jul 27 2020 05:50 AM
201 replies to this topic
#1
dTraderB
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Posted 27 July 2020 - 05:50 AM
#2
dTraderB
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Posted 27 July 2020 - 05:53 AM
I agree with this analysis:
Have a great weekend! Success week for bears putting in a shooting star. FOMC meeting a major catalyst next week determining if this is a bear trap or a top. My plan: Bullish above 3230 targetting 3290+. Support is 3155 & 3105. For bears: If 3105 is lost its a heavy short to 2990
#4
dTraderB
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Posted 27 July 2020 - 06:02 AM
what can the FED do will motivate the BULLS, or BEARS? Nothing, for now?
#5
dTraderB
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Posted 27 July 2020 - 06:05 AM
Stunning speculation in gold and silver: SLV (silver ETF) call volume is at an ALL-TIME HIGH, higher than even in 2011 GLD (gold ETF) call volume is near one of the highest levels ever
#6
dTraderB
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Posted 27 July 2020 - 06:06 AM
Incredibly persistent trend: NASDAQ's 20 day moving average has gone up 75 days in a row! This is the *6th* longest streak ever. ALL historically long streaks always led to a pullback in the NASDAQ and S&P over the next month
#7
dTraderB
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Posted 27 July 2020 - 06:07 AM
Rates Volatility (MOVE Index) hit a new all-time record low. History shows periods of low Vol preceded some BIG moves in Rates. Either way, the calm didn't last. Also important: spikes in Rates Vol impacted all assets – Stocks a prime example, especially in recent years.
#8
dTraderB
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Posted 27 July 2020 - 06:08 AM
More and more USD talk last week with dire warnings if it breaks up or down - for bulls or bears
USD sentiment: Dollar Optimism Index is at the *lowest* 1% of readings over the past 10 years. Traders have rarely been this bearish on USD A rally in USD could be a major risk for stocks in the months ahead.
#9
dTraderB
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Posted 27 July 2020 - 06:11 AM
Most signs are pointing me to believe stocks may make one last hurrah towards 3296-3300 zone before a sustained move down Now 3206
#10
dTraderB
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Posted 27 July 2020 - 06:14 AM
Various measures of #sentiment all suggest that #investors have gotten well ahead of #reality. Of course, when investors start using 3-year Forward #estimates to value stocks...you knew that was kind of the case.
