Jump to content



Photo

BEARS emerge from hiding but BULLS still in control...


  • Please log in to reply
99 replies to this topic

#11 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 18 July 2021 - 03:44 PM

#MysteryBroker was bearish since about ES 4200  

 

“Don’t expect technology to be a big outperformer and semiconductors will be a disappointment especially equipment semis that have benefitted from a few big trends over the last few years…” - #MysteryBroker (via ⁦ ⁩) ⁦


#12 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 18 July 2021 - 03:46 PM

From

article: “Value, foreign stocks (expect dollar to fall over the next few years) and equal-weighted indices will outperform.” - #MysteryBroker



#13 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 18 July 2021 - 03:53 PM

I am working this Sunday afternoon on a ST CRUDE DAYTRADE algo  -- backtesting it 

 

Using CCI 

 

CRUDE has been profitable his year when I traded it but requires too much screen time so I want to trade it with 15m or 30m candles

 

EW guy:

"First, I want to remind you that the larger trend within the bull market off the March 2009 low is still well intact, and my ideal target for a major market top is in the 6000SPX region. So, while I will now discuss the very small degree analysis, please make sure you understand it is within the context of a much larger bull market trend which I expect to take us higher well into 2022.

As I outlined to the members of The Market Pinball Wizard last week, as long as the market holds the 4287SPX support, then our next target is the 4385-4440SPX region. 

For now, as long as the market holds over the 4310-30SPX support region, I am looking for a rally to take us towards the 4500SPX region next.

However, should we break below 4310SPX, and follow-through below 4289SPX, then I think the market can be capped at 4390-4440SPX this summer and I think we can see a pullback towards the 4165SPX region later this summer before we begin the next major rally into the end of this year. So, what a break of 4289SPX does is push off the rally to 4500+ until later this year."

https://seekingalpha...t-to-make-money



#14 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 18 July 2021 - 03:59 PM

Mike Burk:
 

New highs continued to deteriorate while new lows rose to threatening levels on the Nasdaq. New lows increased on the NYSE, but remained below threatening levels.

 Not only did the OTC NH fail to confirm the all-time index high, but it also hit a new six-month low by the end of the week.

The market is a bit oversold, so there could be a relief rally.

 

 

My observation is that an early relief rally that fizzles later in the week could bring out some extreme bearishness in the AAII, which could fuel a bear scorch afterwards and possibly a NYUD low. TWT.

See:https://www.traders-...chart/?p=847710


Edited by Rogerdodger, 18 July 2021 - 04:45 PM.


#15 GDA

GDA

    Member

  • Traders-Talk User
  • 113 posts

Posted 18 July 2021 - 10:22 PM

For the big picture



#16 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 19 July 2021 - 07:44 AM

Well isn't this interesting should've gotten short going into the weekend, had a feeling Friday morning at 4362 and should have held on instead of playing long all day.  Nonetheless starting a long build at 4265....



#17 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 19 July 2021 - 08:03 AM

Profit stop 4266 for the cash open, likely buy lower if hit, looking at selling some August puts now my calls I sold last week are already looking great but are rich.  They say its because of the Delta virus worries but guess what, the real scientists are already saying its much weaker and with the elderly and compromised vaccinated it'll likely be a nonevent....



#18 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 19 July 2021 - 08:11 AM

PLAN IS:

CLOSE a few to take profits in PUTS and VXX

trying my new CRUDE 15m trades since last evening, good so far but crude has plunged so not much of a significant test

 

and trying again for NQ 1K daytrades profit; failed on Friday because market was slow during parts of the session



#19 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 19 July 2021 - 08:15 AM

Out for 1 point profit, trying again with a long at 4364, think I'll just add to it.  Also selling the August 4000 puts for $30 and the 3800 puts for $15.  Already have a nice profit on my sold August 4400 calls of $30 and my 4500's $10.  Think I will take profits on my calls see what happens here!! 



#20 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 19 July 2021 - 08:29 AM

Profit stop 4265 for the cash open...