will add an extra lot to NQ LONG daytrades in case this decline reverses suddenly
ST: "the path of least resistance is anything but higher" .. except TESLA?
Started by
dTraderB
, Mar 13 2021 07:17 AM
127 replies to this topic
#52
12SPX
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Posted 17 March 2021 - 06:50 AM
Thanks,,,,I know I miss Mr. Dev's comments he always had interesting outlooks!
Dev:
https://twitter.com/...erp|twgr^author
Thanks do have him on there but I'm not a twitter fan so don't look very much!
#53
dTraderB
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Posted 17 March 2021 - 06:52 AM
ME DEV on Twitter!
The $DKNG Algo is on a Buy signal Day-5 (although complex) aftr making an OvrBought Hi 2-Days ago. The intraday low at Key Supp Lvl was 8-Days ago w #Nasdaq, #Dow & Other Mrkts $ARKK off both its slightly OvrB & OvrS levels today #wallstreetbets
Was out and in with my shorts yesterday with my 3951 making a 4 point profit and back in with an average of 3956 now and still holding. This I'm tempted to hold right into expiration but my April 4100 calls are showing a nice profit. With the Fed's decision likely going to keep up their denial on inflation and the pump going we could see another snapback so for now I will profit stop this trade at 3946 and start another build higher as we start heading into expiration!
#54
dTraderB
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Posted 17 March 2021 - 06:53 AM
Am following MR DEV and added him to my preferred list of Twitter bookmarks
https://twitter.com/TheMrDev
#55
dTraderB
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Posted 17 March 2021 - 06:54 AM
Taking some profits on this 6-lot NQ short daytrade
US Inflation expectations continue their unrelenting surge, highest levels since 2008. Tomorrow the Fed will tell you there's no inflation and do it with a straight face.
#56
dTraderB
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Posted 17 March 2021 - 06:56 AM
The spot VIX Index has wandered down pretty far away from its far month futures are, which is a topping indication for stock prices.
Congress and the White House are kicking around ideas for what kind of tax increases they would like to impose upon us. Here is your periodic reminder that if 12-mo. total of federal receipts gets up above 18% of GDP, we get a recession (and a bear market, of course) every time.
#57
dTraderB
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Posted 17 March 2021 - 06:59 AM
Will the FED win this STAND-OFF that is intensifying on the day of the FED meeting?
They are taking the battle to the FED this morning
10yr up to 1.67
U.S. 10 Year Treasury Note
Last Updated: Mar 17, 2021 at 7:57 a.m. EDT
%1.672 0.055
Edited by dTraderB, 17 March 2021 - 06:59 AM.
#58
dTraderB
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Posted 17 March 2021 - 07:02 AM
only 2 lots left in NQ short daytrade
looking to ride reversal with big LONG trade
What would cause the Fed to take a U-turn? Hint: a lot more than some high inflation readings
#59
dTraderB
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Posted 17 March 2021 - 07:08 AM
FED not worried about equity markets that are near ATHs
FED will get worried about rising yield above 1.80 on 10yr
FED will talk & stare down the yield.
FED not worried about inflation as yet, will be worried above 3.5 to 4%
FED will play for time as economy will zoom to above 4% GDP in Q2, Q3, Q4
Pullback then back to new ATHs
Get used to more melodramatic headlines like this, meaningless....
The Fed must walk a fine line Wednesday as financial markets hang in the balance
PUBLISHED TUE, MAR 16 20212:29 PM EDT
UPDATED TUE, MAR 16 20213:49 PM EDT
