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


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#21 dTraderB

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Posted 17 August 2021 - 05:56 AM

Bad breadth

 

McClellanOsc_1111.gif

 

https://www.mcoscill...t_breadth_data/



#22 12SPX

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Posted 17 August 2021 - 08:14 AM

Rounded up my short to 4460 as we went into the close yesterday.  Only 2 points but what the heck I like round numbers.  Going to put my profit stop at 4455 going into the cash open but will start my build right above.



#23 dTraderB

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Posted 17 August 2021 - 08:18 AM


https://www.sentimen...h-for-2-months/

#24 12SPX

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Posted 17 August 2021 - 08:36 AM

MOve my profit stop to 4450, will sell right above that.  Still think we could wake up one morning to a big sell off as we move into September.  THink its high risk to be long here until we see some decent 2% volatility swings here.



#25 12SPX

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Posted 17 August 2021 - 08:56 AM

There we go, out for a nice 10 point profit and back in to start a short build at 4451.....



#26 12SPX

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Posted 17 August 2021 - 09:56 AM

And out for a 1 point profit on my profit stop, start selling a little higher as the market is short term oversold....



#27 12SPX

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Posted 17 August 2021 - 10:07 AM

whoops missed this, filled for a short trade at 4452 lol!!  Start my build there! 



#28 12SPX

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Posted 17 August 2021 - 12:19 PM

Well isn't this exciting, profit stop 4430 for now and will sell just above once again! 



#29 dTraderB

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Posted 17 August 2021 - 12:39 PM

This could quickly trade below 4400!  

But, dip buyers are still eager to come in... until too many get burned !

 

MOve my profit stop to 4450, will sell right above that.  Still think we could wake up one morning to a big sell off as we move into September.  THink its high risk to be long here until we see some decent 2% volatility swings here.



#30 dTraderB

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Posted 17 August 2021 - 12:42 PM

Closed 10 QQQ PUTS opened yesterday & 1 NQ HEDGE LONG +63.25 points

 

Holding 1 NQ HEDGE LONG