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SELL THE NEWS? BUT, ATH soon....


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#71 dTraderB

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Posted 12 November 2020 - 05:35 AM

TIC TOC:


Trade plan 11/12 (free version):

1. 3534-3547 is neutral zone

2. Expect a downtrend day (2-3%) if cash open below zone (3411)

2. Expect a 2 % up day of open above zone (3610)

4. Now 3542

5. Balance day expected if cash open between zone

#ES_F $SPX $NDX $SPY

#72 12SPX

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Posted 12 November 2020 - 08:57 AM

Still holding my short from 3570 as the market feels heavy, profit stop it at 3660 for the open now I think....  



#73 12SPX

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Posted 12 November 2020 - 10:15 AM

Shoulda stuck with my idea of moving my stop to 3655 however still a 10 point profit, will reshort higher!! 



#74 dTraderB

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Posted 12 November 2020 - 01:22 PM

second nq hedge long 11830

 

did not expect it to get there, did not expect ES to go so low... but trade it !



#75 12SPX

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Posted 12 November 2020 - 01:27 PM

Reluctantly trying a long at 3421, profit stop 3422!



#76 dTraderB

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Posted 12 November 2020 - 05:00 PM

1184 nq daytrade profits

SPY PUTS profits

nq hedge long losses

 

will these markets continue this wide-range volatile behavior in 2021??   HOPE SO!



#77 dTraderB

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Posted 12 November 2020 - 05:32 PM

Race between VIRUS WINTER DURGE vs VACCINE

Surge may send market down with stimulus possibly more than 2 months away but more likely scenario is FED TRILLION$ plus GOOD VACCINE NEWS will fuel rally, but with sharp pullbacks.

The worst of the ELECTION JITTERS is over. It can only get better from here, and by end of November possibly minimal effect on the markets.... UNLESS ....

Edited by dTraderB, 12 November 2020 - 05:33 PM.


#78 dTraderB

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Posted 12 November 2020 - 05:36 PM

2 to 3% move UP coming??? Possible.
ADAM:
I posted an hour ago that 3510 is the only level that matters in #ES_F and it tested (3513) and bounced 30 points. This is the third test of it this week and bulls need this one to follow through & hold that zone overnight, which keeps a run to 3600+ in play for Friday/next week

#79 dTraderB

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Posted 12 November 2020 - 05:37 PM

11 JAN SPY PUT
2 NQ HEDGE LONG.

Leaving that there....

#80 dTraderB

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Posted 12 November 2020 - 05:40 PM

WILL SHORT VIX (VXX) or inverse ETF if it soars above 40

XTRENDS:

VIX will hit 50 in a few weeks but VIX is suppressed this time, in other words, SPX point loss will be larger relative to VIX of March. When VIX goes to 50, it will be like VIX = 100 of March period. https://t.co/o8DCMjrGvX