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Markets on the edge: IT PMO SELL Signal on SPY


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#31 redfoliage2

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Posted 22 March 2021 - 06:12 PM

 

 

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................

 

I was kidding jabbing at ya anyhow lol!!  You were right about that except you also said it would be at 4000 Friday whereas I said it would be tough to get there last Monday lol.  No ones ever right all the time for sure and that's why I just sell option premium.  Had a nice gain today but in the end the 4050's were only up $.50 and the 4100's down on the day!  

 

4000 just a matter of time.  I'd be surprised if FMs will allow bears to steal their 1st quarter.  Just see what happened with SPX in the March last year ...................


Edited by redfoliage2, 22 March 2021 - 06:17 PM.


#32 redfoliage2

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Posted 22 March 2021 - 06:24 PM

 

 

 

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................

 

I was kidding jabbing at ya anyhow lol!!  You were right about that except you also said it would be at 4000 Friday whereas I said it would be tough to get there last Monday lol.  No ones ever right all the time for sure and that's why I just sell option premium.  Had a nice gain today but in the end the 4050's were only up $.50 and the 4100's down on the day!  

 

4000 just a matter of time.  I'd be surprised if FMs will allow bears to steal their 1st quarter.  Just see what happened with SPX in the last week of March last year ................... ...................

 

 



#33 beta

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Posted 22 March 2021 - 06:34 PM

I mean bitcoin btw!

Around 19K.  Newbies buying at these levels are taking a foolish risk.


"Daytrading -- An Extreme Sport !"

#34 12SPX

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Posted 23 March 2021 - 07:34 AM

 

I mean bitcoin btw!

Around 19K.  Newbies buying at these levels are taking a foolish risk.

 

Thanks, has been interesting to trade.  Profit stop 3920 for the open had a feeling we'd be down this morning lol!! 



#35 12SPX

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Posted 23 March 2021 - 08:01 AM

Out for a 5 point profit, wait to see what happens at the open.  THink its going to be a very quiet day, might even go long if we can hit my 3915 level! 



#36 12SPX

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Posted 23 March 2021 - 08:40 AM

Looks like its going to be like yesterday, starting a short build at 3925.  Market seems confused and mixed not knowing its exact direction right now so volatility likely to remain strong, especially if bond yields remain up here as that has an effect on the incredibly over leveraged tech companies! Would be so much easier if the market had a real good shakeout with some fear, until then its gonna be a grind which is great for option selling lol!! 



#37 jacek

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Posted 23 March 2021 - 09:00 AM

Yellen and Powell testify at noon



#38 12SPX

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Posted 23 March 2021 - 09:04 AM

Had my profit stop hit at 3924 just before I was about to type it here and was hit of course, trying a new short build at 3930!  Gonna leave this one though would rather add now unless we go down enough! 



#39 12SPX

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Posted 23 March 2021 - 09:36 AM

Hmmmm profit stop 3926, will sell above!! 



#40 12SPX

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Posted 23 March 2021 - 09:55 AM

Out at 3920 for a 10 point profit, looking to start a sell build at 3925 once again!