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The Grind is on: "Fiscal policy is dangerously "stimulative."..."


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#11 12SPX

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Posted 16 August 2021 - 12:54 PM

Average short 4454!! 



#12 dTraderB

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Posted 16 August 2021 - 01:12 PM

Closing 1 ES HEDGE LONG  + 74.5 points

Holding 1 ES HEDGE LONG 4402.75

I may reopen later IF new SPX ATHs and I add SPY PUTS

 

 

 

ES BUY LIMIT 4421.5  to open 3rd ES HEDGE LONG -- in case it gets there during next 20 hours. 

Most likely, OPEX rally first few days of week and then drops into end of week.

 

 FLAT NAT GAS & CRUDE, will short any NAT GAS rally above 4

 

20 VXX CALLS

63 SPY PUTS

65 QQQ PUTS

 

2 NQ HEDGE LONG 14964.5 & 16862.25 

2 ES HEDGE LONG  4383.5 & 4402.75

 

 

 

Good first week of AUGUST, great daytrading opportunities in a choppy & skittish  market with smaller intraday ATRs.
Added PUTS after taking profits on some, not large profits but managing trades to achieve NET GREEN in PUTS+ HEDGE LONGS. 
 
My biggest PUT positions & profits as well as occasional losses are usually in August & September.
Will add more PUTS & VXX CALLS above current  ES & NQ ATH

Will add more NAT GAS SHORTS above 4.18 and take profits below 4.05
 
58 SPY PUTS
63 QQQ PUTS
 
2 NQ HEDGE LONG 
14964.5  &  14882.25
 
2 ES HEDGE LONG 
4383.5 &  &  4402.75
 
10 VXX CALLS

 



#13 12SPX

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Posted 16 August 2021 - 02:42 PM

Average short 4458!! 



#14 dTraderB

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Posted 17 August 2021 - 05:45 AM

opened 2nd ES hedge long 4454.5

 

Busiest trading day of 2021 on Monday, best NQ daytrading of the year as NQ plunged straight  down then V-bottom to finish green!

Many SPY & QQQ PUTS daytrades, took profits in some then added a few PUTS as markets zoomed to new ATHs

 

56 SPY PUTS

55 QQQ PUTS

 

2 NQ HEDGE LONG 14964.5 & 16862.25 

2 ES HEDGE LONG  4454.5 & 4402.75

10 VXX CALLS

Flat Crude, Nat Gas

 

 

Closing 1 ES HEDGE LONG  + 74.5 points

Holding 1 ES HEDGE LONG 4402.75

I may reopen later IF new SPX ATHs and I add SPY PUTS

 

 

 

ES BUY LIMIT 4421.5  to open 3rd ES HEDGE LONG -- in case it gets there during next 20 hours. 

Most likely, OPEX rally first few days of week and then drops into end of week.

 

 FLAT NAT GAS & CRUDE, will short any NAT GAS rally above 4

 

20 VXX CALLS

63 SPY PUTS

65 QQQ PUTS

 

2 NQ HEDGE LONG 14964.5 & 16862.25 

2 ES HEDGE LONG  4383.5 & 4402.75

 

 

 

Good first week of AUGUST, great daytrading opportunities in a choppy & skittish  market with smaller intraday ATRs.
Added PUTS after taking profits on some, not large profits but managing trades to achieve NET GREEN in PUTS+ HEDGE LONGS. 
 
My biggest PUT positions & profits as well as occasional losses are usually in August & September.
Will add more PUTS & VXX CALLS above current  ES & NQ ATH

Will add more NAT GAS SHORTS above 4.18 and take profits below 4.05
 
58 SPY PUTS
63 QQQ PUTS
 
2 NQ HEDGE LONG 
14964.5  &  14882.25
 
2 ES HEDGE LONG 
4383.5 &  &  4402.75
 
10 VXX CALLS

 

 



#15 dTraderB

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Posted 17 August 2021 - 05:47 AM

 
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Great follow through on todays setup in #ES_F: Dipped into my 4440-4430 support, reset the RSI, & coming into 4470 1st target No need to overcomplicate this summer market & this drill continues until price 1) Loses a support for once (4440) or 2) Tries a major resistance (4505)
Quote Tweet
 
 
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Adam Mancini
 
@AdamMancini4
· 22h
Last week, #ES_F completed its *10th* consecutive week in a row of ATHs. Like last years melt-up at the same time, this likely ends a sudden deep rug pull -manage risk Plan: As posted, 4440 support & it hit. Minor support 4430. 4470 then 4500 in play IF defended. Selling below twitter.com/AdamMancini4/s…
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#16 dTraderB

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Posted 17 August 2021 - 05:49 AM

 
 
 
But There Is So Much Cash on the Sidelines Ignore the headwinds of a Fed pivot, because the new mantra of the bulls is that there is so much money on the sidelines. . But, for every dollar that goes into the market via a purchase of a share of stock, the same dollar comes out via the seller of that same share of stock.
Therefore there is ALWAYS cash on the sidelines.
 
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But There Is So Much Cash on the Sidelines Ignore the headwinds of a Fed pivot, because the new mantra of the bulls is that there is so much money on the sidelines. . But, for every dollar that goes into the market via a purchase of a share of stock, the same dollar comes out


#17 dTraderB

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Posted 17 August 2021 - 05:51 AM

 
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Amazing stats.
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Frank Zorrilla
 
@ZorTrades
· 13h
$SPY Closed at highs. $DIA Closed at highs. $QQQ hockey stick save, at highs of the day. $IWM Near high of the day. 83 stocks were up +4% or more vs. 604 stocks that were down -4% or more. 1,581 stocks closed up from the OPEN vs. 2,288 that closed down from the OPEN.


#18 dTraderB

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Posted 17 August 2021 - 05:52 AM

 
 
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Today's Nasdaq lows (281) are the highest number of new lows attending an S&P 500 all time high, in the life of the dataset (1978).


#19 dTraderB

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Posted 17 August 2021 - 05:54 AM

In today's Daily Edition, I talk about what it means when the SP500 makes a new high on the same day that the McClellan Oscillator is below zero. If you're curious, why not take a look? New subscribers can get a 2-week trial for just $20. https://mcoscillator.com/market_reports/


#20 dTraderB

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Posted 17 August 2021 - 05:54 AM

 
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Paul makes an important point. The 2 fundamentals that matter are: 1. How much money is there? 2. How much does that money want to be invested? The news from Afghanistan is shocking and horrible, and a lot of people should be ashamed. But it likely does not affect #1 or #2.
Quote Tweet
 
 
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Paul Schatz
 
@Paul_Schatz
· 20h
Stocks didn't care when Saigon fell and I doubt they will care as Kabul falls as long as the Fed continues to print $120 BILLION a month. The warning signs I have been discussing remain and should not be ignored. https://investfortomorrow.com/blog/lots-of-warning-signs-remain-but-geopolitics-isnt-among-them/