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"NO MORE BEAR MARKETS" -- “Buy the dip because stocks always come back and they always come back soon.”


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#121 redfoliage2

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Posted 11 June 2021 - 01:21 PM

4250 like a magnet ........................


Edited by redfoliage2, 11 June 2021 - 01:22 PM.


#122 12SPX

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Posted 11 June 2021 - 01:23 PM

Just checked its at 4240, think you got a misquote



#123 redfoliage2

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Posted 11 June 2021 - 01:26 PM

Internals strong and VIX weak.  Maybe 50 by the close or in the after hours for a typical bull market Friday afternoon ......................


Edited by redfoliage2, 11 June 2021 - 01:35 PM.


#124 12SPX

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Posted 11 June 2021 - 01:29 PM

ohhhhhhh lol!!!



#125 12SPX

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Posted 11 June 2021 - 02:15 PM

Wow what a boring day, took profits for a whopping 3 points at 4238.  See what the close brings where I want to position myself! 



#126 redfoliage2

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Posted 11 June 2021 - 02:32 PM

Gold and the yield for 10-y treasury are sliding, the market has voted down for the inflation hype.  Expect the Fed will say the same as the market for the inflation outlook and stock market is going to rally after the Fed meeting next week .........................


Edited by redfoliage2, 11 June 2021 - 02:40 PM.


#127 12SPX

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Posted 11 June 2021 - 03:04 PM

Grabbed a 4 points on the rally from 4237 and going into the weekend with a short build starting at 4245!!! 



#128 redfoliage2

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Posted 11 June 2021 - 03:07 PM

SPX just hit 4247 with traders rushing to cover,  to gap up again on Monday? .......................


Edited by redfoliage2, 11 June 2021 - 03:15 PM.


#129 redfoliage2

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Posted 11 June 2021 - 03:46 PM

 

 

 

Same trick, buying early dips .....................

This is traders heaven .........................

 

Gap up, gap fill, then up again.  Traders rule ..............................................

 

It looks day traders just started covering what they shorted earlier in the day ................................

 

They acted just like a clock ......................



#130 dTraderB

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Posted 11 June 2021 - 03:51 PM

Closing 1 ES HEDGE LONG +12.25
KEEPING 2 ES HEDGE LONG OVER typical SUMMER WEEKEND.
Tough 2 days after profitable first 3 days of this trading week but managed to eke out a profit today and notched another profitable week.
Want to rest with less trading during next 2 to 3 weeks but easier said than done! Continuing to build a HUGE SHORT POSITION with partial hedging.