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Only a Fool Tries to Call a Correction in a Bull Market, So Here Goes! Martin Pring


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#51 12SPX

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Posted 26 January 2021 - 09:00 AM

Well gotta say the market is getting pretty predictable here.  Put on a profit stop at bed for 3830 and made 13 points profit and had my short build filled at 3851!! Hopefully be another fun filled day! 



#52 12SPX

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Posted 26 January 2021 - 09:20 AM

Right back to old highs so we'll see how that goes after the open.  Average short now 3855! 



#53 12SPX

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Posted 26 January 2021 - 09:44 AM

Profit stop 3854! 



#54 12SPX

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Posted 26 January 2021 - 09:52 AM

Took it off at 3850 for a 5 point profit, will sell higher for a build! 



#55 12SPX

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Posted 26 January 2021 - 10:04 AM

Starting a short build at 3856!! 



#56 12SPX

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Posted 26 January 2021 - 10:13 AM

Gonna work this, profit stop 3850! 



#57 12SPX

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Posted 26 January 2021 - 10:40 AM

Out for a 6 point profit and starting a build lower at 3852!  I do like being above that half way mark lol!  As things settle down will likley be a longer hold! 



#58 pdx5

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Posted 26 January 2021 - 11:02 AM

U.S. factory activity near 14-year high; home sales rise in December | Reuters


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#59 12SPX

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Posted 26 January 2021 - 11:19 AM

That's nice, market still goes up and down.  My sold 4000 and 4100 Feb. calls are still showing a nice profit even with the market moving up here the past week.  I like to look at the broader picture and the market has already ran way ahead of those numbers.  Anyhow profit stop 3850 for my 4th win of the day, will sell higher! 



#60 brucekeller

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Posted 26 January 2021 - 11:20 AM

"bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead."