233 replies to this topic

[dTraderB]

$SPX Gamma Exposure (updated).

21DMA in the Top 20 days in data history (0.85%), just passed the JAN 2018 peak value still climbing, with JAN 2020 now in sight.

Watching closely how this develops and IF/when it turns down.

Will revisit in the coming weeks stay tuned. https://t.co/Y8b9F1r3rg

[dTraderB]

Will be buying bank ETFs for LT PORTFOLIO
starting with XLF

Also coming up on @realmoney
They're Alive (Bank Stocks, That Is)...
https://t.co/9kgCXoeFDR@jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @SullyCNBC @beckyquick @FerroTV

Edited by dTraderB, 31 August 2020 - 06:57 AM.

[dTraderB]

From WSJ morning report:

Profits for U.S. banks were sunk last quarter by increased credit loss provisions, money the banks stash aside to deal with potential loan trouble. Banks have signaled they anticipate a longer, deeper recession.


By ruling out any mathematical definition of the average with its new 2% inflation target, the Federal Reserve has given itself a license to do pretty much whatever it wants, columnist James Mackintosh writes.

[dTraderB]

It can explode and/or it can crash... OK.

"The S&P 500 could rise 11% and 'flirt with 3,900' by end of 2020 if Trump's game-changing vaccine plan works before the election
Saloni Sardana
Aug. 30, 2020, 06:27 AM


S&P 500 can explode a further 11% and touch 3,900 before year end if Trump's revolutionary vaccine plan gets recognized, a CEO of an online trading platform said.
Anthony Denier, CEO of Webull told Business Insider: "I would predict the S&P to flirt with 3,900."
Trump announced this week the White House is mulling an emergency use authorization for UK-based AstraZeneca's experimental vaccine before the November election.
The S&P 500 hit multiple record highs this week following the news, and closed above 3,500 on Friday.
But veteran strategist Ed Yardeni told Business Insider that while he is still bullish on the index, most vaccine news has already been priced in.
"Its already gone to the moon on a rocket ship," he said.
Read more:35-year market vet David Rosenberg warns the stock market's rally features distortions that were glaring during the tech bubble and lays out his plausible scenario for a crash
Basically one mass manipulation': A market expert unloads on the central bank-driven 'failure' of the modern financial system and says another stock meltdown is likely coming

https://markets.busi...20-8-1029546060

[dTraderB]

ADAM:

This week (and since June) I was looking for ~3530 and we hit overnight & dipped. This is multi-year resistance and I expect it to break out after a cool-off

Bears need *direct follow through with 3470 next down. If we just spend today flagging it sets up a breakout to 3570 $SPX

[dTraderB]

The LEVELS are important when they are the same or near to my levels

TIC TOC:
Folks, as promised, free weekly #orderflow analYSIS

Expect hard to bid > 3530 this week. Scenario 1 or 2 range bound preferred for me.

If 3397 (unlikely) does break at any point, I think ultimate prize is 3280 (Jingle Bell B/E)

#AuctionTheory #AMT #ES_F $SPX $NDX $SPY https://t.co/gEkoUvaG1Y

[dTraderB]

Added second Nq hedge long 12010 buy limit filled.

Good short Nq daytrade, I expect a trip back up to the current intraday high ...

[12SPX]

Couldn't finish up on here as I had tennis Friday but made another point on a profit buyback of 1 point on my average 3490 sell and started selling again at 3490 ending the week with an average of 3493.  With the pop up yesterday afternoon my average became 3511.  Not surprising we've pulled back overnight, little to much up on nothing.  Profit stop going into the open 3510!

[12SPX]

Lower this profit stop as were at first support and getting kinda oversold, 3508.  Your likely right  we'll see higher prices later on, question is will it hold! 

[12SPX]

Guess the market didn't like the comments that the Fed doesn't like negative interest rates lol!  Profit stop 3505, going into the open!