I'm still shaking my head on this one but have a nice round short number of 3775 that I think I'll sit on now and see what happens with employment tomorrow. Market is so overbought short term its unbelievable however as of my expiration cycle numbers it could still move a bit higher next week but we'll see. My sold Jan 3500 put is looking very safe now and so far a $16 profit. For a trade I'm reselling my Jan 3900 calls for $3.80 as that level is my peak for this cycle! Whew that could be exciting about Tesla so many people have attempted a short on it but maybe this will be the year!!
7 TRILLION FED CASH, SPX 4400
#81
Posted 07 January 2021 - 10:45 AM
#82
Posted 07 January 2021 - 11:17 AM
ADAM:
Coming into my first #ES_F target now at 3800 after a great 40 point rally from this mornings setup- once again simple flag patterns pay
3820 above here if price wants it and good zone for next pullback/base. Daily RSI(5) back into overbought which has been warning to watch risk
I'm still shaking my head on this one but have a nice round short number of 3775 that I think I'll sit on now and see what happens with employment tomorrow. Market is so overbought short term its unbelievable however as of my expiration cycle numbers it could still move a bit higher next week but we'll see. My sold Jan 3500 put is looking very safe now and so far a $16 profit. For a trade I'm reselling my Jan 3900 calls for $3.80 as that level is my peak for this cycle! Whew that could be exciting about Tesla so many people have attempted a short on it but maybe this will be the year!!
#83
Posted 07 January 2021 - 11:19 AM
TESLA CEO ELON MUSK IS NOW THE RICHEST PERSON IN THE WORLD, PASSING JEFF BEZOS - CNBC
#84
Posted 07 January 2021 - 11:24 AM
When a new challenger party candidate wins the pres. election, the stock market typically celebrates more than if the incumbent wins. That hopium usually peaks at the beginning of January, and then the news turns bad as the struggles to actually govern start to dominate. https://t.co/JECKj1F85P
(https://twitter.com/...3301228544?s=03)
#85
Posted 07 January 2021 - 11:47 AM
Will open new nq hedge long(s) before 5pm
closed 1 nq hedge long + 171.5 points
holding one nq hedge long
will reopen this 2nd hedge long later
want to add a few more QQQ puts above 317
12690 nq hedge long
2 nq hedge long
28 qqqq puts
#86
Posted 07 January 2021 - 12:40 PM
Even if the market doesn't pull back interesting??
#87
Posted 07 January 2021 - 02:29 PM
1 nq hedge long 12903.5
#88
Posted 07 January 2021 - 02:31 PM
This is the usual POST ELECTION RELIEF RALLY that could still add another 3 to 5% but looks too bubbly ST.
Even if the market doesn't pull back interesting??
#89
Posted 08 January 2021 - 06:51 AM
Good profits in nq daytrading and hedge longs but QQQ PUTS loss was more than that.
Will add more qqq puts as qqq trades near or above 317
Will add a 2nd qqq hedge long later.
Markets near or at ST TOP but can overshoot by 2 to 5 %
#90
Posted 08 January 2021 - 06:54 AM