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BULLISH above 4180, bearish below, skittish market


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#111 dTraderB

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Posted 14 May 2021 - 07:09 AM

Closing some VOO to take profits from overnight  ES rally

 

Great week, plan today is preserve profits, minimize net losses, make this the best week of 2021.

 

 

In LT PORT
5 SPY 415 PUTS
600 VOO

600 INDA

 

Closed qqq calls
May reopen if traded lower during rest of this week
LIMIT ORDERS PLACED TO OPEN JULY SPY PUTS

IN LT:
650 VOO
600 INDA
 

5 qqq calls IN RISK PORTFOLIO

500 INDA
500 VOO
for LT PORT

limit orders to buy more, will accummumate during next few weeks & months

 

 



#112 dTraderB

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Posted 14 May 2021 - 07:10 AM

I may buy more SPY PUTS on any rally above ES 4140

 

Will buy more INDA and VOO for LT PORT if market drops



#113 dTraderB

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Posted 14 May 2021 - 07:13 AM

 
 
 
 
 
·
18h
 
Update: Price continuing to base nicely here. As posted the longer the better and once we can clear 4125 targets remain 4170 then 4250
 
 
4125 target in #ES_F hit & rejected in a perfect backtest of yesterdays breakdown area. Big wall here and bulls need to clear to get a rally going Clearing it requires basing 1st (happening now). Healthy above 4075-95. Below there we'd likely retest the lows &onto the big 4k lvl
 
 

 



#114 dTraderB

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Posted 14 May 2021 - 07:18 AM

ES 4180 is a key level; still bearish IT below  4180

 

 
1. Orderflow resistance is 4128 2. Look for shorts, if open is below 4128 or gets offered below 4128 3. Target will be 4075. Break of 4075 opens doors to 4000
4. If open/bid > 4128, I will look for longs, target 4160

 

1. Orderflow resistance is 4128 2. Look for shorts, if open is below 4128 or gets offered below 4128 3. Target



#115 dTraderB

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Posted 14 May 2021 - 07:20 AM

Extremely resilient BULLISH MARKET

 

 
 
BqQqyatT_normal.jpg
 
A 3-day losing streak that declines -3% or more & then gains 1%+ on day 4 has then closed day 5 lower 21 of the last 28 times.
Try reading that 5 times fast.
A green day tomorrow would be impressive resilience. $spx

 



#116 dTraderB

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Posted 14 May 2021 - 07:23 AM

anyone will buy BIDU around these levels?

 

or BYND?



#117 12SPX

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Posted 14 May 2021 - 07:25 AM

Building my short overnight with an average now of 4127.  Start to widen it out if we continue up.  Bullishness right back to extreme in options, nothing left in my puts and its only been 1 day lol! 



#118 12SPX

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Posted 14 May 2021 - 07:25 AM

Whats bidu?



#119 dTraderB

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Posted 14 May 2021 - 07:26 AM

or NIO?

May buy a few CALLS today in LT 

 

Above stock ideas  from Helene Meisler Retweeted

 

 
 
HLET9Cq6_normal.jpg
 
$NDX down 4 wks in a row, which is not that unusual. Surprisingly, it has only been down a 5th week twice since 03/09 - in 2011 and 2012 (6 and 7 wks, respectively). Current selloff is 7% vs ~10% in those instances


#120 dTraderB

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Posted 14 May 2021 - 07:26 AM

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