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Distribution, gentle squeeze, then... is the CRASH imminent?


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#1 dTraderB

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Posted 21 May 2021 - 12:04 PM

Distribution in recent days, seems to be gaining momentum, squeezing some, but is this market behavior leading to a shallow pullback or a CRASH? 

 



#2 blustar

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Posted 21 May 2021 - 01:28 PM

Shallow pull back before the crash



#3 pdx5

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Posted 21 May 2021 - 05:18 PM

The distribution is from cashing in long term (holding 1 year+) and shifting the money into DJI stocks for dividends.

Lots of people are cashing in 40-50-60-70% long term capital gains from March-April-May of 2020. Me among them.

But I am not rushing into any other stock funds. A mini-crash would be a better entry point sometime before Halloween. 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 da_cheif

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Posted 21 May 2021 - 10:10 PM

ur all  wrong wrong wrong .......naaim down to 44% exposure to equities.....the recent sharp decline was nothing more than a bullish C wave.....on this coming  wed   after any post expiration adjustment off we go again.....maybe sooner.....but this market has no risk ....watch the sky and cnn fear greed index is at a level normally associated with bottoms............being bearish is easy.....anybody can do it.....perma crashers are   proof.....



#5 dTraderB

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Posted 24 May 2021 - 09:02 AM

That was a fantastic week of trading, 3 consecutive big ones. due for a low profit or loss week but will try hard to prevent that

That was a punishing NQ short squeeze from early morning  trading, caught about 60% of that rally. 

Will build a large SPY PUTS position, SEP; will take profits in ES HEDGE LONG during cash session while adding extra lot to NQ LONG daytrades, will take profit in INDA  & VOO and then reopen lower; 

Basically, I am taking profits and hedging PUTS partially while focus on NQ DAYTRADES

 

200 VOO

700 INDA

1 ES HEDGE LONG 4168.75

41 SPY PUTS



#6 dTraderB

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Posted 24 May 2021 - 09:38 AM

Closed Es long hedge
+26.25 points
Will reopen before 5pm close today

#7 dTraderB

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Posted 24 May 2021 - 10:32 AM

Closed all VOO +10.18
Will reopen later or ....??

#8 dTraderB

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Posted 24 May 2021 - 12:18 PM

Looking at the VXX OPTION CHAIN
30 to 35 Strike
May buy CALLS at least 2 months away
Need to add more hedge long if buying VXX CALLS

#9 dTraderB

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Posted 24 May 2021 - 02:26 PM

One more 50 plus NQ swing, up or down, may help me reach 1K NQ points profit today. Amazing NQ intra day market behavior.

#10 dTraderB

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Posted 24 May 2021 - 02:44 PM

4202.25 ES HEDGE LONG