75 replies to this topic

[dTraderB]

Insane wild markets, either consolidating then grind higher or bubbling & fizzing at an IT or ST top

16 SPY PUTS
31 VXX CALLS
ES HEDGE LONG 3912
NQ SHORT 12852
Very hectic day ended with a small loss.

Positions from last week
Daytrading NQ until about 9:30pm

That ES HEDGE LONG  was quite timely, and with NQ daytrades, saved the day!
 
Great week, great month, want to trade with less risk for rest of month to make this the 3rd consecutive profitable month in 2021

 
14 SPY PUTS
27 VXX CALLS
ES HEDGE LONG 3912
 

hate to do this but is it Friday and I added more VXX CALLS and SPY PUTS so...
 
ES HEGDE LONG 3912 buy limit filled
 
 

[dTraderB]

Cem Karsan 🥐 (@jam_croissant) tweeted at 4:34 am on Tue, Mar 30, 2021:

1/x Despite an overwhelming number of fundamental reasons to be 🐻ish, the 1-2 punch 🥊of 1)a well FED Gary & 2) an increasingly more involved Charm🦥, should continue to support the market until late 3/31st when Vanna should return, fresh from vacay & throwing haymakers...So, https://t.co/IxOnASC2iz
(https://twitter.com/...5151811585?s=03)

[dTraderB]

ADAM:
Above 3960 should kick of a big move higher directly to targets but more consolidation first not a bad thing at all

[dTraderB]

ADAM:
Its worth noting that April is the most bullish month of the year for $SPX over past 20 years, green 80% of the time.

This comes after a seasonal mid-Feb to mid-March selloff with a March bottom, which we got. If seasonality continues to track, it suggests upside ahead in April https://t.co/6MHQN8ewBI

[dTraderB]

🇺🇸 *#TREASURY 10-YEAR YIELD RISES TO 1.75%, HIGHEST SINCE JAN. 2020 - BBG
*TREASURY 2/10-YEAR YIELD SPREAD WIDENS TO MOST SINCE JULY 2015

[dTraderB]

TIC TOC:
Trade plan 3/30:

1. S&P500 had an opportunity to take out 3980 and trade 4000 today but it failed to, implying softness may develop.

2. Now 3970.

3. With this backdrop, order flow pivot is 3944.

4. If we open or offer below 3944, I expect considerable softness to develop in S&P500 tomorrow, first targets 3900, then 3846.

5. However if no trades below 3944 this may indicate market wants to buy some more time before a rout develops. Rout may develop on 3/31 in that case.

[12SPX]

Was interesting but just a rinse and repeat as I said, ended up making 5 points on my short and started my short build at 3955 once again and currently sitting on an average short at 3958, profit stop 3950 going into the open.  Market really is showing some strength mind you even though interest rates are so high but I feel way more comfortable shorting so I'd rather stick with doing that then looking for longs unless we sell off decently enough.  Still waiting for that "big" dip to happen overnight! 

[12SPX]

Was trying to save typing space but out for a profit of 8 points.  Wanna start my short build 3955 but might have to average in again starting at 3950.

[12SPX]

Well regretting this but oh well try a long getting pretty oversold here, long at 3939! 

[12SPX]

profit stop 3940...