124 replies to this topic

[dTraderB]

Dougie Kass

@DougKass

·

Dec 11

 

My calculus is that "fair market value" is 3050-3100 but I don't think we go that low yet over the next few months, Lars. I used 5 scenarios and weight each to produce a target range. My calculus has been consistent at S&P 2800-3100 over the last three years.

Dougie Kass

@DougKass

·

Dec 11

 

My calculus is that "fair market value" is 3050-3100 but I don't think we go that low yet over the next few months, Lars. I used 5 scenarios and weight each to produce a target range. My calculus has been consistent at S&P 2800-3100 over the last three years.

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

Dec 12

 

Note: Basically bulls want to see basing above 3600-3620 as shown by the green arrow, to setup a new continuation pattern to the upside. It should be clear early in the week if this is happening. If we lose 3600 it would likely confirm we are entering into a deeper correction

 

Adam Mancini

 

@AdamMancini4

·

Dec 12

 

Have a great weekend! After a fake breakout of the key 3680 #ES_F, next week tells if Santa rally has another leg or if correction begun My plan: 3600-3620 = battleground. If we hold & base, bulls have a last shot at breaking 3680 to 3750+. Fail of 3600 sells to 3565,3535 & 3480

[dTraderB]

Will  continue to trade smaller positions unless market explodes - up or down. Last week I closed SPY PUTS with profits from as low as 0.70 to 1.85

 

May do the same for rest of year unless market drops by at least 100 SPX points

Also, will build on my SPY PUTS position as market rallies, partial hedge as position grows

 

Posted 11 December 2020 - 04:33 PM

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

[12SPX]

Normally not posting here but its a little quiet.  Still have my long from 3635 but with the pop this evening, going to put a stop on from here at 3670 just in case we pull back.  If it gets taken out maybe I'll add lower! 

[12SPX]

Did get taken out for a nice 35 point gain and my rogue trade lower wasn't filled but my upper short was just a few minutes ago at 3681, we'll see how the open goes, profit stop 3680.

[12SPX]

Was taken out for a 1 point profit, see what happens after the open I'd like my short a little higher.  Good news is I resold my Jan 3800 calls for $25 and the 3900 calls for $7.00.  Will add as we go and will see how these trades are classified after Friday's close...

[redfoliage2]

There is a reason why it's in crash territory but just won't crash.  The answer is in the Fed........................

[12SPX]

never looking for a crash, just a trade, starting a short build at 3683...

[12SPX]

Average short now 3687....

[12SPX]

Profit stop 3686