Jump to content



Photo

BULLISH above 4180, bearish below, skittish market


  • Please log in to reply
136 replies to this topic

#21 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,683 posts

Posted 10 May 2021 - 04:27 PM

 
 
RtgHQEF3_normal.jpg
 
Equity risk premium is near record lows. takes a closer look at that chart.


#22 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,683 posts

Posted 10 May 2021 - 04:30 PM

Many are watching ARK with morbid curiosity

 

I think you are missing my point. We may be approaching the point where the $ARKK cumulative losses from the peak exceed the cumulative gains. In dollars terms. Nothing to do with you entry point.


#23 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,683 posts

Posted 10 May 2021 - 04:31 PM

Her poll was bullish 

Replying to
Saturday Poll The next 100 points in the SPX?
 
UP
57.9%
 
DOWN
42.1%
2,399 votes·Final results


#24 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,933 posts

Posted 10 May 2021 - 05:29 PM

 

Her poll was bullish 

Replying to
Saturday Poll The next 100 points in the SPX?
 
UP
57.9%
 
DOWN
42.1%
2,399 votes·Final results

 

So it got faded .....................



#25 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,212 posts

Posted 10 May 2021 - 07:16 PM

Finally got the downturn I was looking for, not sure we'll see anything more just yet but will place my profit stop at 4190 and will start selling above that overnight! 



#26 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,683 posts

Posted 10 May 2021 - 08:13 PM

Looks like it wants to go down some more tonight. 
I can't stop trading this night session since it opened! Will wait for the China open & stop by 10PM 

 

Finally got the downturn I was looking for, not sure we'll see anything more just yet but will place my profit stop at 4190 and will start selling above that overnight! 



#27 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,212 posts

Posted 10 May 2021 - 09:29 PM

Ya lowering my stop to 4170, watching it will adjust as we go along....  Hopefully get hit and then start reselling higher! 



#28 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,683 posts

Posted 11 May 2021 - 07:06 AM

a few hours sleep, started at 5:10am,  but this market now is too exciting not to trade every moment one is awake!

adding an extra  lot to NQ  SHORT daytrades and will close some VIX as market action dictates. 

may add 2 extra lots to NQ SHORT daytrades.... depends on it goes

 

may buy some QQQ... 

 

got to trade according to how market acts and adjust SHORT & LONG holdings

 

take profits, reopen, close, take profits, cut losses ... not a home-run trader but accumulating from singles and doubles, and the most welcome big trades



#29 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,212 posts

Posted 11 May 2021 - 07:24 AM

Boy oh boy this could be serious lol!  I figured I would wake up with new shorts on but we just continued to mill around at the lows and am just hitting new lows as I write this.  The market does go down lol!!  What I like to say appears to continue to be true.  The market doesn't go up forever and it doesn't go down forever lol!  With this pullback I'm not sure I want to try a long just yet as call options aren't giving up their premium very much so far but we'll see.  For now I'll lower my profit stop down to 4160 for the open.



#30 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,212 posts

Posted 11 May 2021 - 07:38 AM

Hmmm lowering stop to 4150!  Funny thing is this seems like so many points but were still only -2.5% off the highs lol!