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


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#81 dTraderB

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Posted 12 November 2020 - 05:45 PM

SPX could hit 4500 in 2021
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Goldman Sachs sees a bull run in 2021. Expects a strong vaccine-led recovery w/global real GDP growth of 6%. Sees S&P 500 at 4300 by end-2021, 22% higher than today. https://t.co/tFakq04mj3

#82 12SPX

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Posted 12 November 2020 - 08:23 PM

Okay it was back and forth with 2 different 1 point profits but hung onto the 3420 long into the close with an overnight stop of 3421 now, might dump it before bedtime if we rally at all here! 



#83 dTraderB

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Posted 13 November 2020 - 06:14 AM

Will be adding another nq long and/or buying CALLS on any pullback. Virus case rate will surge but soon vaccine goid news & decreasing political tension will be net positive for the market. SPX 3800 can be traded by end of year. Of course, so can SPX 3200 or 2800. If virus surge explodes the n market will crash.
Soon, you will hear more good vaccine news & more stimulus talk.
Will trade max size NQ long plus an extra lot for the SPY PUTS. May add SPX PUTS above ES 3580

#84 12SPX

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Posted 13 November 2020 - 08:20 AM

Was back and forth again around dinner time but in the end still long from 3420 as that seems to be base with my stop at 3440 now.



#85 12SPX

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Posted 13 November 2020 - 11:09 AM

Just realized I was in the 3400's again lol oops!!  Raising my stop to 3550 now.



#86 12SPX

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Posted 13 November 2020 - 12:59 PM

Think I'll bump it up to 3560 now be a nice profit if hit to end the week otherwise I'll raise it during tennis!! 



#87 dTraderB

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Posted 13 November 2020 - 03:47 PM

Added 4 PUTS, now holding 15 JAN SPY PUTS

Added 3 qqq jan calls, tempted by nq pullback earlier

holding 2 nq hedge long over weekend +251 points so far today, may close 1 before 5pm today

Flat nq daytrades.