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Dangerously extended Market at or near ST top


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#51 redfoliage2

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Posted 23 April 2021 - 01:49 PM

It looks getting new highs next week ..........................



#52 dTraderB

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Posted 23 April 2021 - 04:10 PM

Opened 2nd ES hedge long 4167.25
1 ES hedge long 4130.75
47 SPY PUTS
39 VXX CALLS
260 VXX

Good rebound after 2 consecutive losing weeks. But, it will be first losing month of 2021 if next week is not profitable.


Closing 1 ES hedge long +32.5 points
Holding 1 ES HEDGE LONG over weekend
Will reopen 2nd ES hedge long before close of week



#53 dTraderB

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Posted 23 April 2021 - 04:13 PM

Possible in last week of April, historically the most bullish month of the year. Politically, and typical FED behavior, expect release of "bad or bearish" news when markets are near ATH or
RALLYING in bubble mode.

It looks getting new highs next week ..........................



#54 12SPX

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Posted 26 April 2021 - 08:35 AM

Guess I should have put my profit stop on for overnight but oh well, average short 4175!  Gonna be an interesting week with all the economic reports, earnings coming out and a full moon to cap it off!!