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


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#71 12SPX

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Posted 30 December 2020 - 09:47 AM

Out for a 5 point profit and back in starting a short build at 3733.  HOpefully this will be a build, been hard to get those but I guess it is a holiday week! 



#72 dTraderB

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Posted 30 December 2020 - 10:13 AM

14 qqq puts
1 nq hedge long 12850

Must do hedge since it is an essential component of my ootions trading strategy since 2 years ago during thay PUTS killer Dec to Jan rally

#73 dTraderB

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Posted 30 December 2020 - 10:14 AM

Yes, let us get a 300 spx drop so I can but much lower for my LT portfolio in 2021.

That McCllean report is interesting as its so oversold!  It sure indicates how there are just a few stocks holding this thing up.  Would be nice to just let it correct so we can have a better start point.  Anyhow figured I may as well trade this, profit stop 3730 and will sell above....



#74 dTraderB

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Posted 30 December 2020 - 10:15 AM

Buy much lower, especially banks

#75 12SPX

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Posted 30 December 2020 - 10:32 AM

That's weird I keep looking and even though I had a fill bringing my average to 3635 with a 3736 fill thats not on my chart, weird! 



#76 12SPX

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Posted 30 December 2020 - 10:44 AM

Just in case, profit stop at 3732 but will sell higher once again.  Feel like this is gonna be another grinder day lol!  Better trading going on while I sleep lol!! 



#77 12SPX

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Posted 30 December 2020 - 11:10 AM

And out for 3 points profit and starting a rebuild at 3733....



#78 12SPX

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Posted 30 December 2020 - 12:58 PM

Out for a 5 point gain, think I'll sell higher if we get there....



#79 redfoliage2

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Posted 30 December 2020 - 01:08 PM

The $2000 stimulus checks bill now looks dead:

https://www.cnn.com/...imbo/index.html


Edited by redfoliage2, 30 December 2020 - 01:12 PM.


#80 12SPX

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Posted 30 December 2020 - 01:24 PM

And you actually believe CNN lol!!