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Market priced for Perfection - Price Action Strong, Seasonality Weak


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#31 dTraderB

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Posted 09 February 2021 - 06:52 AM

 
 
PlBU5QuR_bigger.jpg
 
 
Melt-up continues not just in stocks; IG/HY cash spreads -1.6/-5.1bps. IG CDX back to 50bps. My idx of CDS on China sensitive financials is < 300bps - new 8yr low, which is as far back as I go. 3-month $VIX curve at +6.55... wild stuff all around $SPY $QQQ $IWM


#32 dTraderB

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Posted 09 February 2021 - 06:53 AM

More "overheating" talk.... 

 

The additional $1.9 trillion fiscal stimulus will overheat the US economy. https://thedailyshot.com Source:

 

 
Here is another sign of extreme enthusiasm for stocks from retail investors: online search activity for “penny stocks” - https://thedailyshot.com Source: Google Trends
 
Here is another sign of extreme enthusiasm for stocks from retail investors: online search activity for “penny stocks” - https://thedailyshot.com Source: Google Trends


#33 redfoliage2

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Posted 09 February 2021 - 09:46 AM

Those talk heads failed to recognize that some damages made by the pandemic will not be recovered as the virus has permanently changed human social behavior  ......................



#34 dTraderB

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Posted 09 February 2021 - 11:00 AM

GME below 50!
Maybe I buy a few calls???
TESLA down after its stock-goosing failure in bitcoin-investment gamble..

#35 dTraderB

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Posted 09 February 2021 - 11:03 AM

Yeah. I want to wait until after Summer to see if we can declare victory over this virus! If so, then SPX 4500 by end of 2021; if not, the SPX below 2500 by end of 2021.

Those talk heads failed to recognize that some damages made by the pandemic will not be recovered as the virus has permanently changed human social behavior  ......................



#36 dTraderB

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Posted 09 February 2021 - 04:06 PM

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 



#37 dTraderB

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Posted 10 February 2021 - 10:32 AM

13600 buy limit hit in a flash!

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 



#38 dTraderB

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Posted 10 February 2021 - 10:36 AM

53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.

13600 buy limit hit in a flash!

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 



#39 12SPX

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Posted 10 February 2021 - 11:17 AM

Whew, not a good idea to stay up all night watching the Australian Open!  Good news, I added to my short with an average of 3840.  This is turning out to be my second biggest short this year lol!  My sells on my Feb calls are looking great on this www day though, 8 days to go!! 



#40 dTraderB

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Posted 10 February 2021 - 11:40 AM

No, not good for your trading!!! Unless you trade aussie, nz, far east markets.
Volatile after 2 days of grinding higher

Whew, not a good idea to stay up all night watching the Australian Open!  Good news, I added to my short with an average of 3840.  This is turning out to be my second biggest short this year lol!  My sells on my Feb calls are looking great on this www day though, 8 days to go!!