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The 'Mother' Of All Melt-Ups - Markets Surges Back To Overbought As Investors Go ‘All In’“


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#11 dTraderB

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Posted 11 April 2021 - 08:25 PM

Second losing week for 2021.  Big profits in NQ daytrades, ES HEDGE LONG, and NQ HEDGE LONG but 

big losses in VXX CALLS and SPY PUTS

All 21 APRIL VXX CALLS looks like being worthless unless market tanks, 

43 SPY PUTS
49 VXX CALLS
1 NQ HEDGE LONG 13735.75

 

 



#12 12SPX

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Posted 12 April 2021 - 07:08 AM

Still hanging on with my average short now 4060.  Gonna be an interesting week as were just above my expiration cycle numbers now.  If we see any type of a pullback the premium is gonna really fall.  My numbers say it should be a down week but I guess we'll see!



#13 dTraderB

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Posted 12 April 2021 - 08:35 AM

13780 buy limit
Busy!

#14 12SPX

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Posted 12 April 2021 - 09:05 AM

Kinda like this sitting back and waiting just waiting for a little pullback, average short 4067. 



#15 redfoliage2

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Posted 12 April 2021 - 10:30 AM

I don't have a clear picture if this is just a consolidation or this is a ST top.  I should get a clearer view by the close tomorrow ..................



#16 12SPX

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Posted 12 April 2021 - 10:43 AM

Can see at least a small pullback coming that's all I want but my numbers indicate about a -1% down week so we'll see in the end...  Bullishness is way outta hand and market is in the extreme overbought area! 



#17 redfoliage2

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Posted 12 April 2021 - 11:50 AM

Edited:

I don't have a clear picture if this is just a consolidation or we are having here a swing top.  I should get a clearer view by the close tomorrow ..................

 


Edited by redfoliage2, 12 April 2021 - 11:50 AM.


#18 12SPX

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Posted 12 April 2021 - 11:56 AM

Average short 4073, sit on this for a few days! 



#19 redfoliage2

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Posted 12 April 2021 - 02:16 PM

We should get some revelations in the next few days ................................



#20 redfoliage2

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Posted 12 April 2021 - 03:12 PM

By the close today SPX formed a Doji with VIX up a little and internals down - Not a bullish setup for tomorrow ...........................


Edited by redfoliage2, 12 April 2021 - 03:15 PM.