Jump to content



Photo

Is the Mr. Market or Someone Else in Bipolar?


  • Please log in to reply
22 replies to this topic

#11 tsharp

tsharp

    Member

  • Traders-Talk User
  • 1,336 posts

Posted 06 October 2020 - 08:15 PM

 

 

The stable genius didnt realise the 3430 was an important resistance area.

Perhaps, the market liked the BS Pelosi Bill?
Perhaps, the market is telling him he has less than month left of his only term as President?

 

Perhaps we should stop the political pontificating.

 

You started it with your opinion that the bill is BS.... despite it trying to help average Americans not the elite only.

 

but, Tsharp, someone who’s chatting and posts I fully respect....

 

....WE should both stop the political pontificating.

 

Does todays action affect your 4000+ count? 

 

CLK, you give the man too much credit. 

 

I agree with the tank into the debate and rally scenario 
 

 

 

I did say "we" in my post... and apologize for attaching a bad spending bill to Ms. Pelosi...

 

The ~4008 unfulfilled Hurst 40-week target is still viable, though can be negated with a close below the 40-week FLD, which is presently below ~3200.

 

 

SPX-D-10-6-20-HP20-W.jpg



#12 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,611 posts

Posted 06 October 2020 - 09:28 PM



#13 salam

salam

    Member

  • Traders-Talk User
  • 1,513 posts

Posted 07 October 2020 - 07:54 AM

 

 

 

The stable genius didnt realise the 3430 was an important resistance area.

Perhaps, the market liked the BS Pelosi Bill?
Perhaps, the market is telling him he has less than month left of his only term as President?

 

Perhaps we should stop the political pontificating.

 

You started it with your opinion that the bill is BS.... despite it trying to help average Americans not the elite only.

 

but, Tsharp, someone who’s chatting and posts I fully respect....

 

....WE should both stop the political pontificating.

 

Does todays action affect your 4000+ count? 

 

CLK, you give the man too much credit. 

 

I agree with the tank into the debate and rally scenario 
 

 

 

I did say "we" in my post... and apologize for attaching a bad spending bill to Ms. Pelosi...

 

The ~4008 unfulfilled Hurst 40-week target is still viable, though can be negated with a close below the 40-week FLD, which is presently below ~3200.

 

 

SPX-D-10-6-20-HP20-W.jpg

 

Thank you for sharing.

 

I certainly apologise for my part, hence agreeing with the WE part! 

 

3200 has been my magic number for changing the LT trend to down.

 

lot of crash posts makes me nervous for the bear case. At present the pivot ST price remains 3366

 

Best to you sir! 


I'm not sure what my future holds... But I know who holds it.

#14 tsharp

tsharp

    Member

  • Traders-Talk User
  • 1,336 posts

Posted 07 October 2020 - 12:37 PM

FWIW, the Dow Transports have pushed to a new ATH again today:

 

DJT-D-10-7-20.jpg



#15 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,801 posts

Posted 07 October 2020 - 12:49 PM

By now it's getting clearer that the recent stock market rally was just ostentatiously on the new stimulus, but it's actually on something else.  The market has its own agenda.................


Edited by redfoliage2, 07 October 2020 - 12:55 PM.


#16 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 20,589 posts

Posted 07 October 2020 - 02:37 PM

VIX.

 

Buy the S&P. Short the futures. Write the options. Bank the money.


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#17 gismeu

gismeu

    Member

  • Traders-Talk User
  • 835 posts

Posted 07 October 2020 - 03:57 PM

VIX.
 
Buy the S&P. Short the futures. Write the options. Bank the money.


Hmm, can you explain please?
So I buy S&P shares
I sell short the futures.

This alone would be for me already (Delta) neutral, but then with selling the options, call options I suppose, you would want the market to go down, right?

Thanks, gis
If you can't buy Happiness, STEAL IT!

#18 salam

salam

    Member

  • Traders-Talk User
  • 1,513 posts

Posted 07 October 2020 - 04:46 PM

Awesome rally today retracing the Trump tweet.

 

buying above 3366 and selling below has been extremely profitable.

 

I scalped long most of the day, entered short at EOD, took the 10 points and am now flat.

 

Internals are bullish, there’s a reverse head and shoulders on the daily SP and we closed at the neckline, projecting minimum 3600.

 

my Vix eTF position Remains in profit, and I wait to be stopped out. However, the Vix needs to close below 25 for this rally to succeed.

 

seasonal volatility and an election in less than a month.....what could go wrong, apart from a raging pandemic with the global economy running at half speed?

 

So, as a bear since the 3600 high.....going bullish now....what could do wrong?

 

Take my post for what it is, contrarian or otherwise. 

Snort! 


Edited by salam, 07 October 2020 - 04:47 PM.

I'm not sure what my future holds... But I know who holds it.

#19 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,801 posts

Posted 08 October 2020 - 12:18 PM

I see SPX 3600 or higher post-election ...................



#20 traderx

traderx

    Member

  • Traders-Talk User
  • 1,321 posts

Posted 08 October 2020 - 12:37 PM

agree full stimulus after election