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


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#71 redfoliage2

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Posted 17 March 2021 - 11:46 AM

I expect the Fed will say same thing it said at the last meeting, though they don't really sure what to do or they have lost the control ..........................



#72 redfoliage2

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Posted 17 March 2021 - 01:03 PM

Yeah, the Fed just said the same thing and the market looking happy with it ........................


Edited by redfoliage2, 17 March 2021 - 01:03 PM.


#73 redfoliage2

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Posted 17 March 2021 - 01:18 PM

Fed sees no rate hikes through 2023, just to have many ana-lysts disappointed:

https://www.marketwa...federal-reserve


Edited by redfoliage2, 17 March 2021 - 01:25 PM.


#74 redfoliage2

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Posted 17 March 2021 - 01:46 PM

We should see SPX 4000 soon .............................................


Edited by redfoliage2, 17 March 2021 - 01:49 PM.


#75 redfoliage2

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Posted 17 March 2021 - 02:37 PM

Expect the global markets to follow the Fed-induced late afternoon rally, and a gap-up tomorrow morning ..........



#76 redfoliage2

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Posted 17 March 2021 - 06:28 PM

More - Expect BOJ will follow the Fed at its meeting tomorrow ......

#77 dTraderB

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Posted 18 March 2021 - 07:03 AM

More - Expect BOJ will follow the Fed at its meeting tomorrow ......

Sell the news, more dip buying, more dips, more FED speak... as IT TOP being formed

MARCH is usually a good month for bulls, OPEX week, so I will be surprised if there is a big decline 

during the rest of March .... but on alert for a swift & deep decline from the SPX 3950 to 4K area



#78 dTraderB

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Posted 18 March 2021 - 07:04 AM

Actually sorry gonna make that profit stop 3937

 

Looks like the FED spike has been distributed to the eager FOMO buyers  post-FED meeting



#79 dTraderB

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Posted 18 March 2021 - 07:06 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

 

https://www.cnbc.com...y-improves.html

 

 

Game plan for FED above continues,,,,, 

FED not worried about 5% pullbacks from equity highs but yield above 1.8% on the 10yr is dangerous and will spur on the FED to concerted action



#80 dTraderB

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Posted 18 March 2021 - 07:10 AM

Extremely busy Wednesday, unintentionally daytraded SPY PUTS with big swings in markets

 

Current position:

17 SPY PUTS

18 VXX CALLS

1 ES HEDGE LONG 3949.5

 

Will close a few SPY PUTS bought yesterday if ES drops below 3915

Will add more SPY PUTS on new ATHs

Will add extra lot on NQ LONG daytrades

 

15 SPY PUTS
16 VXX CALLS
1 ES HEDGE LONG 3949.5
 

 



12 SPY PUTS
10 VXX CALLS
1 ES HEDGE LONG 3949.5
 



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