187 replies to this topic

[K Wave]

AAPL finally takes out yesterday high....

 

huge pivot now set...bulls still in biz as long as it holds....

 

a throwover failure to hold 110 would not be good now....

[12SPX]

There we go profit stop 3230....

[K Wave]

NDX coming for 11K reclaim attempt.....

[Darris]

This down cycle should be coming to an end today with the supposed Pension Funds rebalance today.  The theory would be some selling in equities since the spx is up from 3000 since the June rebalance and that money going to Bonds.  Using TLT as the Bond proxity, it has been sort of flat at 163 since June but is rising yesterday and today from that level.  The volatile price action so far today seems to confirm the movements.  Afternoon or end of day weakness should be a get long signal for next week or if the ES drops below 3200 anytime today or early Sunday evening.  This would play out the weak Quad witch options cycle for the 3rd quarter in a row.  Accumulation in TECH has been seen.

[dTraderB]

added 2 SPY PUTS

3 QQQ PUTS. 

slow steady accumulation based on important levels I watch

 

GOT MORE LIMIT ORDERS higher up above SPX 3280

 

24 qqq puts  in risk portfolio

 

 

in lt portfolio:

17 spy puts

3900 xlf 

4200 bac

200 voo

 

will add more puts, also more xlf & bac in lt portfolio

[traderx]

I have been doing one major options trade daily. thinking of  DCA dollar cost averaging couple more. 

 

Curious as to opinions?

Thanks in advance

[12SPX]

d is best for that, I only ever sell options and day trading.  Profit stop 3240...

[traderx]

I only sell puts tooo

[12SPX]

I've been doing both sides for 35 years lol!  Profit stop 3250 as were getting into some resistance here now, hopefully we'll continue higher!! 

[12SPX]

Off to tennis, we'll see about raising stops or taking profits into the weekend depending on what happens the last hour!