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ST: "the path of least resistance is anything but higher" .. except TESLA?


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#21 redfoliage2

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Posted 15 March 2021 - 08:04 AM

XTRENDS:
"This is the most important week of the year for all asset classes. FED will bluff bond markets to stop the bleeding on Wednesday and bonds may call its buff. Plus this is a quad expiration week #SRVIX"

For the power of CBs with quadruple witching, expect SPX above 4000 this week ...............


Edited by redfoliage2, 15 March 2021 - 08:10 AM.


#22 12SPX

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Posted 15 March 2021 - 08:15 AM

Big problem with just up and leaving and leaving on Friday is you don't know what happened.  Anyhow added to my short all the way to an average of 3941 going into the close and my out was hit last night at 3940 to get me out for 1 point.  Being were flipping to the June contract I also did at 3940, profit stop 3939 going into the open!  It will be interesting if were above 4000 by Friday as quad witch expiration's have turned more negative the past few years and according to my expiration cycle numbers, but in a way hope it is as it will confirm the huge probability that the market will be down in April.



#23 redfoliage2

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Posted 15 March 2021 - 08:19 AM

NYSI turned into bullish phase last week, so expect to see new highs for the general market in this week ..........................


Edited by redfoliage2, 15 March 2021 - 08:25 AM.


#24 12SPX

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Posted 15 March 2021 - 09:09 AM

Profit stop 3935, will sell above...



#25 redfoliage2

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Posted 15 March 2021 - 09:10 AM

Time for the Tech to catch up after SPX and DJI made new high last week.................



#26 12SPX

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Posted 15 March 2021 - 10:38 AM

hmmmm lol!!  Profit stop 3920 but will sell higher as we go.  Gotta help a friend move some stuff then tennis, thank goodness for portable trading lol!



#27 12SPX

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Posted 15 March 2021 - 10:47 AM

Just covered the sold April 4000 calls for a $2.25 profit but adding to the 4100 calls now with an average sell of $15.25! 



#28 12SPX

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Posted 15 March 2021 - 10:48 AM

Out for a 20 point profit, will resell a little higher starting a build at 3930 if hit... 



#29 pdx5

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Posted 15 March 2021 - 01:04 PM

Why are some posting every little trade they are executing?

 

This forum is called "FEARLESS FORECASTERS" last time I checked.

 

I prefer reading fearless forecasts, not every trade you made. 

 

Post your opinion of where the markets are headed...FORECASTING FEARLESSLY !!

 

Otherwise seems a waste of band width.


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

#30 dTraderB

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Posted 15 March 2021 - 01:39 PM

Am due for a losing week & this may be it. But, quite early in the week for that extreme pessimism.
9 SPY PUTS
10 VXX CALLS
1 ES HEDGE LONG 3936

will add more SPY PUTS & VXX CALLS above ES 3950

Positions from last week;
[quote name="dTraderB" post="841521" timestamp="1615496525"]

1 ES 3936 hedge long
7 SPY PUTS
5 VXX CALLS
 
Quieter day with most of the profits from NQ daytrades, a few $ from QQQ CALLS, losses from NQ hedge short and in 4 of my 7 SPY PUTS
 
 [quote name="dTraderB" post="841505" timestamp="1615486202"]

4 SPY PUTS
All OPTIONS MAY OR LATER