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One More Strong Day Up Friday?

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#1 blustar

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Posted 08 April 2021 - 01:39 PM

I have to admit, I didn't see last week's rally even though I had a TLC low due on 3/30. Congrats to those who did!

 

Right now, I have one more big up day due Friday 4/9 and then we run into trouble.  My Target: about 4156/58 SPX for 4/9.

 

I bought Friday expiring SPY Calls 410.0 at .20 and 412.0 at .10, $300 on the first and $400 on the second.

 

I see about a 6 to 7% down into 4/14.

 

We have Mars square Neptune late Friday and Venus square Pluto (these are muy malo) on the new moon on the 11th. We have a nice Saturn trine Rahu late tomorrow, and 3 sextiles over the weekend, so tomorrow should be big up.

 

I'm getting warlike signatures and also debt issues on the aspects.  We'll see what happens.

 

BTW, the markets should be overall down into late April. May to June should be up, especially May.

 

2 Bradley's ahead 4/9 and 4/11.

 

Trade Carefully,

 

blu



#2 slupert

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Posted 08 April 2021 - 03:29 PM

Wuld have to be some fabulous news for it to jump the creek. If there isn't the negative divergence on the SPX 60 min. says  it does some backing and filling. (JMHO)



#3 slupert

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Posted 08 April 2021 - 03:46 PM

They are jumping the creek in AH, Hmmmm?



#4 da_cheif

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Posted 08 April 2021 - 04:58 PM

10 day arms is soooo bullish



#5 blustar

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Posted 09 April 2021 - 09:18 AM

Took a loss on those small option positions 0.05 and 0.13, from .10 and .20.  Things didn't look right to hold.



#6 gismeu

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Posted 09 April 2021 - 02:30 PM

10 day arms is soooo bullish

Where can I get the 'arms' data? Do I have to go to a paid service?

 

Thanks, gis


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#7 gismeu

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Posted 09 April 2021 - 02:31 PM

 

10 day arms is soooo bullish

Where can I get the 'arms' data? Do I have to go to a paid service?

 

Thanks, gis

 

thanks, found it. Need to look for TRIN

 

gis


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#8 blustar

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Posted 09 April 2021 - 03:22 PM

Bought 15 SPY Monday calls @.64 today.  Looking for blow off top on Monday upper 4180's maybe 4190.



#9 blustar

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Posted 11 April 2021 - 12:37 PM

Maybe 4200







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