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ST BOTTOM in, possible unfinished business below


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#11 12SPX

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Posted 08 March 2021 - 08:29 AM

Yes was obvious the early rally on that stupid stimulation deal wouldn't last, have had a short on from 3850 yesterday afternoon, profit stop 3840 now for the open.



#12 dTraderB

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Posted 08 March 2021 - 09:31 AM

2nd 12635 nq hedge short opened

Buy limit 12490 filled last night to close one NQ HEDGE SHORT. +215.25 POINTS profit

Will add extra lot to NQ SHORT DAYTRADES and will reopen 2nd NQ HEDGE SHORT LATER, at higher levels
Will buy more QQQ at lower levels

Current positions:
1100 QQQ
40 QQQ Calls
1 NQ HEDGE SHORT

Took a long restful rest this weekend, back to frenetic trading since markets opened earlier. 
3 NQ LONGs and 2 NQ SHORT trades 
1 NQ HEDGE SHORT @ 12705.25
 
Current positions:
1000 QQQ
40 QQQ Calls
2 NQ HEDGE SHORT
 
May close 1 NQ HEDGE SHORT below 12500 if traded overnight if  BUY LIMIT CLOSE order filled at 12490
 
 
 
 



#13 12SPX

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Posted 08 March 2021 - 09:32 AM

Out for a 10 point profit and thought we'd hit 3850 at the open  but didn't so starting a build at 3845



#14 redfoliage2

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Posted 08 March 2021 - 09:35 AM

Bears failed badly overnight , It looks PPT working hard ............................


Edited by redfoliage2, 08 March 2021 - 09:41 AM.


#15 12SPX

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Posted 08 March 2021 - 09:37 AM

And that's why were down again, doesn't look like the stimulus bill is helping so far, profit stop 3840! 



#16 12SPX

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Posted 08 March 2021 - 09:42 AM

Out for a 5 point profit, and starting my short build at 3855! 



#17 12SPX

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Posted 08 March 2021 - 09:54 AM

Profit stop 3854, yup stimulus sure helping those tech stocks or could it be that the market is actually looking at interest rates.  hmmmmm pretty sure that's it cause that's why we sold off last week!! 



#18 12SPX

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Posted 08 March 2021 - 09:59 AM

Out for 1 point profit grabbed another short at 3857, lets hope this one sticks.



#19 12SPX

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Posted 08 March 2021 - 10:15 AM

Very erratic must be all that stimulus joy lol!  Sorry for being cynical but I still can't believe that bill wow lol!  Gonna leave it as a build I think see what happens tech doesn't seem interested in this move at all.



#20 12SPX

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Posted 08 March 2021 - 10:22 AM

Guess I spoke to soon lol!  Average short now 3862, let this one sit for a bit maybe.