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Markets on the edge: IT PMO SELL Signal on SPY


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#71 12SPX

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Posted 25 March 2021 - 08:54 AM

Darn out for 1 point profit but back in to start a build at 3855! 



#72 12SPX

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Posted 25 March 2021 - 09:05 AM

Couldn't have timed that better lol!  Profit stop 3865! 



#73 12SPX

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Posted 25 March 2021 - 09:32 AM

OOut for a 10 point profit, try to get long build going again a bit lower! 



#74 12SPX

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Posted 25 March 2021 - 09:37 AM

Starting a long build at 3860! 



#75 12SPX

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Posted 25 March 2021 - 09:57 AM

Should've waited a bit longer I guess, average long now 3855! 



#76 dTraderB

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Posted 25 March 2021 - 09:59 AM

3 SPY PUTS
17 VXX CALLS
FLAT ES HEDGE LONG -will add extra lot to NQ long daytrades

Will close more PUTS & CALLS at lower levels if traded


9 SPY PUTS
26 VXX CALLS
ES HEDGE LONG 3907.75

 
 

Hectic 2-day period! DAYTRADING SPY PUTS yesterday and today but again NQ DAYTRADES WERE THE BEST TRADES.

Small net profit yesterday, bigger one today. Missed out on good CRUDE trades but just too difficult to trade more than 3 or 4 different instruments.

BULLS STILL hold the advantage and may most likely ramp it up into end of month & quarter. Market needs a bullish catalyst for the next leg up but cannot find it, so far.
Bears could take the market down to SPX 3700 and lower but they also need more a catalyst or two to instill more fear into complacent bulls.
BOND VOLATILITY COULD BE THE MAJOR factor affecting market direction during next few days.

9 SPY PUTS
21 VXX CALLS
ES HEDGE LONG 3907.75


 

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

 


#77 12SPX

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Posted 25 March 2021 - 10:32 AM

Profit stop 3860! 



#78 12SPX

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Posted 25 March 2021 - 10:45 AM

Out for a 5 point profit, buying lower once again maybe try for 3855! 



#79 12SPX

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Posted 25 March 2021 - 10:49 AM

Long again at 3855! 



#80 12SPX

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Posted 25 March 2021 - 11:03 AM

And not 10 minutes later almost in the green!!  Profit stop 3865