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Bullish momentum, ATH, frothing, fizzling, beware of the big drop ahead


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#11 12SPX

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Posted 28 December 2020 - 09:53 AM

Profit stop 3720, and this will be a rinse and repeat, hoping for a better build here! 



#12 12SPX

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Posted 28 December 2020 - 10:24 AM

And out for a 2 point profit and patience pays off short build at 2725!  We'll see how this goes might be a longer hold...



#13 dTraderB

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Posted 28 December 2020 - 12:27 PM

One or more of my "radical" MAR QQQ 315, or 316, or 320 BUY LIMIT PUT ORDERS may be hit on the next spike up.
Will add an extra lot to LONG NQ daytrades.

#14 redfoliage2

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Posted 28 December 2020 - 01:13 PM

My ST target met and just got out of ES longs ...............


Edited by redfoliage2, 28 December 2020 - 01:13 PM.


#15 12SPX

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Posted 28 December 2020 - 01:28 PM

Nice, I added to my short, average now 3727! 



#16 dTraderB

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Posted 28 December 2020 - 02:44 PM

Opening position: 2 qqq puts filled

4 lots qqq Buy limit orders should be filled if qqq trades above 317, whenever.

One or more of my "radical" MAR QQQ 315, or 316, or 320 BUY LIMIT PUT ORDERS may be hit on the next spike up.
Will add an extra lot to LONG NQ daytrades.



#17 redfoliage2

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Posted 28 December 2020 - 03:05 PM

Interesting - The stock market went up big today but VIX not budging.  I bet tomorrow a down day ...............


Edited by redfoliage2, 28 December 2020 - 03:05 PM.


#18 dTraderB

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Posted 28 December 2020 - 06:34 PM

looks like more stimulus $$ pouring in...

 

Nice, I added to my short, average now 3727! 



#19 dTraderB

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Posted 28 December 2020 - 06:35 PM

that's why I am not heavily short, as yet

 

VIX must trade below 17 or 16 for any major decline to occur

 

 

Interesting - The stock market went up big today but VIX not budging.  I bet tomorrow a down day ...............



#20 dTraderB

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Posted 28 December 2020 - 06:36 PM

to da moon!!!    more money, more FED money coming soon.... and then down!

 

House passes bill boosting stimulus checks to $2,000 The House on Monday passed legislation that would increase the amount of direct payments in the recently signed coronavirus relief package from $600 to $2,000.