128 replies to this topic

[redfoliage2]

It looks the market is reacting to something positive I don't know or it just hit the ST bottom ....................

Edited by redfoliage2, 11 December 2020 - 01:43 PM.

[redfoliage2]

It looks the market is reacting to something positive I don't know or it just hit the ST bottom ....................

or the quadruple witching has started ..............

[12SPX]

By my numbers not much left for upside for expiration, maybe 2% we'll see.  Did cover my sold 3800 Jan calls for $20 giving me a $15 profit though.  If we can pop a bit on Monday may be a resell!  Gonna keep my profit stop lower for this rally though, 3645!    

[redfoliage2]

With another Doji candlestick showing up on the SPX daily I'd not be too surprised to see a pop up on Monday  .......................

[12SPX]

Final hour hitting lots of resistance think, I'll bump up my profit stop to a nice even 3650 been a great day why ruin it in the final hour lol!! 

[12SPX]

Hmmmm make that 3652, no volume becoming directionless....

[dTraderB]

Closed 1 nq hedge long +61.5 points
Keeping 1 nq hedge long over weekend
Ckosed 7 SPY PUTS, HOLDING 15

BEARS TRYING BUT BULLS BUYING THE DIP.

STILL, I LOOK FOR MORE WEAKNESS BEFORE end of the year

Occupied  for a few hours each day with business issues
 
 
24 SPY PUTS
2 NQ HEDGE LONG 12460 & 12290 
 
 

Rather dull week but most bullish periods have a few dull days.
Still bulls have room to rslly but it is getting extended and sharp painful pullbacks or longet periods of declines will occur.
Not jumping in with large positions or taking big risks. Another profitable week but much lower profits. Will add more FEB SPY PUTS. WILL ROLL OVER NQ, and may buy LOW VOLATILITY ON SPIKE DOWN via ETF.

17 SPY PUTS
1 nq hedge long 12460

[redfoliage2]

As this little swing down is wrapping up I see a swing up coming to above SPX 3700 and likely to hit 3733 next week.................

Edited by redfoliage2, 11 December 2020 - 03:41 PM.

[12SPX]

Ya I held my long into the weekend also we'll see.  Volatility could kick up for sure being last cycle of the year and this cycle is already near the top for this cycle.