Bank those profits?
Love selling at these higher levels, average short now 4311. Missed my trade yesterday by 5 points yesterday oh well, one day we'll see real volatility once again, didn't even see -1% yesterday lol!
Posted 08 July 2021 - 06:54 AM
Bank those profits?
Love selling at these higher levels, average short now 4311. Missed my trade yesterday by 5 points yesterday oh well, one day we'll see real volatility once again, didn't even see -1% yesterday lol!
Posted 08 July 2021 - 06:56 AM
Reopening NQ HEDGE LONG 14585
Reluctant to do this but system says I was supposed to do this since 14630...
I may either close VXX CALLS today or sell some...
After a bad Friday and losing week, Monday & Tuesday were profitable.
Did not want to trade Monday but could not resist a fairly active market
Will again rebuild VXX CALLS position after closing a few yesterday.
Will also close NQ hedge long on any spike up today and then reopen later or tomorrow
FLAT Crude but will again trade on the SHORT side above 73.8 after peace looks like breaking out between UAE and Saudis, or US announces bearish crude news -- expect hints, rumors etc
47 SPY PUTS
40 QQQ PUTS
12 VXX CALLS
NQ 14710
ES 4341
ES 4333.5
Posted 08 July 2021 - 07:23 AM
Wonder what is the REAL REASON for this overnight plunge?
This looks a gap-down in the cards for tomorrow.......................
https://www.marketwa...514?mod=markets
Great call redfoliage!
Edited by pdx5, 08 July 2021 - 07:24 AM.
Posted 08 July 2021 - 07:24 AM
Posted 08 July 2021 - 07:25 AM
Posted 08 July 2021 - 07:27 AM
VERY STRONG BROAD ES support zone 4250- 80
If broken then it could trade below 4000 in a few days. If it holds then SPX 4400 next week.
In any case, market is at or nearing IT TOP
Posted 08 July 2021 - 07:28 AM
Well isn't that interesting the market actually goes down lol! It's been almost 3 weeks but there it is a large short build! My posted average short on here was 4311 yesterday morning but as the day went by I did add a bit more to get it to 4315. PROFIT stop 4300 for the cash open and employment report out in a couple minutes....
Posted 08 July 2021 - 07:40 AM
As I've said a million times, healthy bull markets have constant -1.5 - 2.0% corrections all the time. This is the first one in 3 weeks and why you have seen sentiment at extremes especially in the option area. Calls this morning are still holding a lot pf premium in them so we may not be done just yet. I'll wait a couple hours in the cash market to see if I'll go long or just build a short above. Heading out on a little holiday in a couple hours with my partner and her daughter,,,, which she just told us they're pregnant so this world better shape up lol!!!
Posted 08 July 2021 - 08:06 AM
Wonder what is the REAL REASON for this overnight plunge?
This looks a gap-down in the cards for tomorrow.......................
It's at a top with >90% probability .............................
Posted 08 July 2021 - 08:14 AM
Okay lets make it fun, going to lower my profit stop to 4295 and will start a long build there for the day as were not likely done here just yet.