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


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#41 12SPX

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Posted 15 April 2021 - 07:57 AM

Your hilarious chief, don't remember hearing anything about 3928, something about 4000 by March 19th expiration which never happened.  Nonetheless you'll always be an "after the facter poster" to me till I start to see consistent "live" calls lol!  Don't care about only for subscribers or 675, I was 667 and the market has seen lots of ups and downs since then, that was over a decade ago,,,which I have played both ways, not just up!  Lets just respect each others calls right or wrong and then everyone can just get along, its not a competition lol! 

 

Oh and  my average short is 4086 now.  This has been the longest hold I've had to have in over a year but my numbers are still sticking with that were over by about -1%, guess we'll see what happens by the close today!



#42 redfoliage2

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Posted 15 April 2021 - 08:03 AM

 

In this bull market environment a dip Wednesday in an OpEx week usually got bought as soon as next day .........................

So index futures up big overnight.........................

 

I see it's going to be a gap and go today ........................



#43 dTraderB

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Posted 15 April 2021 - 08:36 AM

Want to add to VXX LONGS, SPY PUTS
PROFIT YESTERDAY & TUESDAY, LOSS MONDAY, could be loss today.

#44 redfoliage2

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Posted 15 April 2021 - 08:42 AM

BTW, it's entirely possible that it may gap up again on Friday ........................



#45 12SPX

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Posted 15 April 2021 - 08:54 AM

Looks like its going to be a tight one for expiration tomorrow, glad I had my puts on too!  Nonetheless can't resist this overly exuberant market, selling the May 4250 calls for $25.00!  Volatility will return..... 



#46 12SPX

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Posted 15 April 2021 - 10:14 AM

Boy oh boy at this rate I'm gonna have a short of 4100 lol!  Nice and even at 4090 now though.....  I do have a fearless forcast though, that by the end of the year the market will be up 95% for the year.  S&P is just about to clip the +5% level for the month and everyone knows that healthy markets move that much with zero volume even with current p/e levels at 49 lol!!!  



#47 12SPX

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Posted 15 April 2021 - 10:59 AM

Did the market just close lol!  I have a feeling this expiration is going to be interesting!  This is like watching paint dry, need some more action so think tennis is the choice! 



#48 12SPX

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Posted 15 April 2021 - 12:22 PM

Ok,,, I'm finally outta here for tennis but gonna take a flying leap that today turns out to be a turnaround Thursday lol!!  I'm finding the VIX numbers here interesting and with little volume its looking very top heavy!  Average short now with my nice round number of 4100!  Gonna carry this one through expiration and beyond!! 



#49 redfoliage2

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Posted 15 April 2021 - 02:56 PM

Still got some upside to go for the week - it looks SPX 4170 by the end of the week.

So the target met today, but for tomorrow I still won't go shorting .....................


Edited by redfoliage2, 15 April 2021 - 03:02 PM.


#50 linrom1

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Posted 15 April 2021 - 03:15 PM

The next correction on DOW is going to be 8,000 points.