Markets on the edge: IT PMO SELL Signal on SPY
Posted 21 March 2021 - 09:52 AM
This is the new "Dow 36000" moment for the market but this one is out of desperation
In Oct 1999 right before one of the greatest bear markets began, a book with a title "Dow 36000" was released. It was one of the most iconic moments for the bull market
Posted 21 March 2021 - 04:46 PM
Great week, great month so far, my plan is to preserve profits during this final full week of the month tp achieve 3 consecutive months of profit in 2021.
On Friday, all trades were only in NQ daytrading.
Positions from last week.
11 SPY PUTS
15 VXX CALLS
1 ES HEDGE LONG 3907.75
Posted 22 March 2021 - 08:09 AM
Profit stop from my 3888 on friday was hit last night at 3900 for a 12 point profit and no trade fills overnight so looking to start a short build at the cash open, see how it goes!
Posted 22 March 2021 - 08:42 AM
There we go got my first short at 3910, profit stop 3909.
Posted 22 March 2021 - 08:47 AM
And out for 1 point and back in for a sell at 3912 now, hopefully get more of a build from here.
Posted 22 March 2021 - 09:06 AM
Average short now 3915, liking how this is going as my expiration cycle numbers are indicating volatility will even be greater this coming cycle!
Posted 22 March 2021 - 09:33 AM
With the March OpEx gone another cycle begins. Expect SPX 4000 by the the end of the month. The focus now is on the quarterly reports and bonuses for funds .........................
Edited by redfoliage2, 22 March 2021 - 09:37 AM.
Posted 22 March 2021 - 09:59 AM
Thats what I just said lol!! Average short now 3920 and have resold the April 4100 call for $6.50 and selling the April 4050 call for $14. Will put on some puts if we pull back a bit more as I said this cycle is likely to be very volatile. We may see new highs but not by much I would suspect and with biden in charge and bonds taking control again its gonna be a grind I think!
Posted 22 March 2021 - 01:22 PM
Average short now 3925! no movement such a healthy market lol!
Posted 22 March 2021 - 02:03 PM
Mondays in a bull market >>> up day .....................
Edited by redfoliage2, 22 March 2021 - 02:05 PM.