22 replies to this topic

[redfoliage2]

This is a basically news driven market and so watch out what's next ....................

[redfoliage2]

Right now it looks that bulls are still in control albeit the news/fake news.  I should receive a clearer message from Mr. Market tomorrow.....................

Edited by redfoliage2, 30 September 2020 - 02:57 PM.

[salam]

Wow!
 

3330 filled long

 

took a quick 50 point profit.....TY Mitch 

 

1/3 short position reentered ES3360

 

mmmm... remind me... is this a bear or bull market..... 

 

I repeat,  VIX above 25 is a swing traders (wet) dream.

 

Simple support resistance trading cudda netted a savvy trader over 200 points today.... with the market moving a fraction of that

Edited by salam, 30 September 2020 - 03:11 PM.

[redfoliage2]

The market remains in super-volatile mode probably due to active repositioning by FMs as the new quarter starts.. My strategy is selling on spiking up and buying dips and be nimble.........

Edited by redfoliage2, 01 October 2020 - 09:34 AM.

[redfoliage2]

The market remains in super-volatile mode probably due to active repositioning by FMs as the new quarter starts.. My trading strategy in this environment is selling on spiking up and buying dips and be nimble.........

So far today I have been selling ES above 3380 and buying at 3360 today .................

Edited by redfoliage2, 01 October 2020 - 10:00 AM.

[salam]

 

The market remains in super-volatile mode probably due to active repositioning by FMs as the new quarter starts.. My trading strategy in this environment is selling on spiking up and buying dips and be nimble.........

So far today I have been selling ES above 3380 and buying at 3360 today .................

 

ES 3356 must hold for the bulls.

Mixed economic data with a negative bias.

like a spoilt toddler wanting a comforter.....market is crying STIMULUS NOW!!!!

[redfoliage2]

 

 

The market remains in super-volatile mode probably due to active repositioning by FMs as the new quarter starts.. My trading strategy in this environment is selling on spiking up and buying dips and be nimble.........

So far today I have been selling ES above 3380 and buying at 3360 today .................

 

ES 3356 must hold for the bulls.

Mixed economic data with a negative bias.

like a spoilt toddler wanting a comforter.....market is crying STIMULUS NOW!!!!

 

Stimulus or not, this time it's pure politics and it doesn't matter the market crying or not.  It certainly matters if ordinary voters are crying.  If this is up to the Fed it may care the market crying, but this time it's not for the Fed..................

Edited by redfoliage2, 01 October 2020 - 11:33 AM.

[redfoliage2]

 

The market remains in super-volatile mode probably due to active repositioning by FMs as the new quarter starts.. My trading strategy in this environment is selling on spiking up and buying dips and be nimble.........

So far today I have been selling ES above 3380 and buying at 3360 today .................

 

For tomorrow I expect same thing like today as for the first few days of the quarter it's the time window for FMs to reposition for the new quarter and new FY.  This October will surprise many analysts....................

Edited by redfoliage2, 01 October 2020 - 01:24 PM.

[redfoliage2]

It looks that NYMO will close the day in positive territory, and other internals related data also look constructive.  Tech buying volumes picked up today - indications of FMs positioning for the new quarter

I see bears got no chance tomorrow unless the stimulus talks fall apart................

Edited by redfoliage2, 01 October 2020 - 02:45 PM.

[risktaker]

Expect many stocks to go much higher overnight.