127 replies to this topic

[redfoliage2]

 

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

 

"Night monkeys" (should not be called so if they are in Asia and Europe) were able to push the US index futures down using bond rates as a tool.  These traders are unlikely retails.  But let's see if they can get a follow-up in the US cash market.............................

Edited by redfoliage2, 18 March 2021 - 07:32 AM.

[12SPX]

So surprising yesterday, profit stop taken out at 3937 for a 19 point profit and as I said I was going to sell higher my average sell was 3955 overnight and not surprising here we are down again with that 10-year 1.74, profit stop 3950 going into the cash open.  I'm sure its expiration keeping us up here we should be way lower but not looking good for the 4000 crowd for expiration with this being the last day of trading lol. 

[redfoliage2]

 

 

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

 

"Night monkeys" (should not be called so if they are in Asia and Europe) were able to push the US index futures down using bond rates as a tool.  These traders are unlikely retails.  But let's see if they can get a follow-up in the US cash market.............................

 

Obviously some of the big players (looks like about one-third of them) in the "House" are not following the dealer.............................

Edited by redfoliage2, 18 March 2021 - 07:56 AM.

[12SPX]

Actually lets get exciting, profit stop 3940 for the open! 

[dTraderB]

Should I buy BONDS on this spike down??

[redfoliage2]

Should I buy BONDS on this spike down??

I just concentrate on the stock indices, bond is just a tool used by the dealer and by some of the big players when the dealer is at sleep ....................

Edited by redfoliage2, 18 March 2021 - 08:48 AM.

[12SPX]

Always a good idea to have some I'm sure they will rally some before stabaliizing around these levels but I'm no expert at them at all so I wouldn't listen to me.  Now mind you did have a 15 point profit but was greedy, trying to get a resell build start at 3945 now.

[dTraderB]

Good trading!!

Getting interested in BONDS, maybe ETFs etc, OPTIONS.
Charlie Bilello (@charliebilello) tweeted at 9:44 am on Thu, Mar 18, 2021:

The longest duration Treasury bond ETF is now down over 30% from its high, approaching its largest drawdown ever (-32% in 2012-13). $ZROZ

Data via @ycharts https://t.co/FihGIZC2rZ
(https://twitter.com/...2680262660?s=03)

Always a good idea to have some I'm sure they will rally some before stabaliizing around these levels but I'm no expert at them at all so I wouldn't listen to me.  Now mind you did have a 15 point profit but was greedy, trying to get a resell build start at 3945 now.

[dTraderB]

Adam Mancini (@AdamMancini4) tweeted at 9:55 am on Thu, Mar 18, 2021:


Update: Just tested that 3930 exact and bouncing. Basically last shot for bulls here to recapture 3947 and get moving. 3930-25 fails here we're headed lower

(https://twitter.com/...2825178124?s=03)

[12SPX]

Gonna lower it to starting at 3943.  1.75 now!