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


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#31 12SPX

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Posted 17 August 2021 - 01:01 PM

Getting really oversold, took profits at 4420 for a 32 point profit and looking to start a rebuild short a bit higher........



#32 12SPX

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Posted 17 August 2021 - 01:19 PM

Starting my short build at 4431, go slow here in adding to my short, could be an interesting day.  There always is that turnaround Tuesday type trading out there.....



#33 dTraderB

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Posted 17 August 2021 - 01:31 PM

OPEX WEEK

 

Starting my short build at 4431, go slow here in adding to my short, could be an interesting day.  There always is that turnaround Tuesday type trading out there.....



#34 dTraderB

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Posted 17 August 2021 - 01:32 PM

I think DIP BUYERS will have their heads handed to them this week or the next. Could happen today when they buy the dip as they did yesterday and the attempt to rally fail during last hour



#35 12SPX

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Posted 17 August 2021 - 01:36 PM

Been saying that for few weeks now lol, waiting to see when, gonna be an interesting end to the day maybe....  Gonna head to tennis but will add to my short if we do continue higher!!  



#36 dTraderB

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Posted 18 August 2021 - 07:25 AM

Not a great NQ daytrade session as on Monday but good profits, and also on PUTs, VXX CALLS 

57 SPY PUTS

45 QQQ PUTS

10 VXX CALLS

 

2 ES HEDGE LONG    4402.75 & 4454.5

1 NQ HEDGE LONG   14964.5

 

FLAT Crude & NAT GAS

 

OPEX WEEK may finish in the green unless the BEARS can summon the will to take this below ES 4400

Will add more VXX CALLS, and also NQ PUTS above yesterday's CLOSE

Will add second NQ HEDGE LONG if traded below 14900

 

 

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

 

 

 



#37 dTraderB

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Posted 18 August 2021 - 07:27 AM

I expect NAT GAS to trade near or below $3 in SEP but just do not have the time to trade it now, maybe next week

Now trading in the 3.8 to 4 range



#38 dTraderB

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Posted 18 August 2021 - 07:28 AM

 
ZVBuToeP_bigger.jpg
 
Yesterdays mini dip in #ES_F was bought but now bulls need to recapture the lvl that caused the dip (4440) to get back on track Plan today: Support = 4430 then 4398-92. As long as 4430 holds then 4475 then 4510+ in play. Loss of 4430 sees 4398-2 big lvl & market drops hard below
Quote Tweet
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 17h
Note: 4440 can either recapture direct or after another leg to test my 4398-4395. Either way, above there, we begin the squeeze back to all time highs again and given the slightly larger selloff this time, the squeeze higher would be aggressive
Show this thread
 
ZVBuToeP_bigger.jpg
 
Yesterdays mini dip in #ES_F was bought but now bulls need to recapture the lvl that caused the dip (4440) to get back on track Plan today: Support = 4430 then 4398-92. As long as 4430 holds then 4475 then 4510+ in play. Loss of 4430 sees 4398-2 big lvl & market drops hard below
Quote Tweet
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 17h
Note: 4440 can either recapture direct or after another leg to test my 4398-4395. Either way, above there, we begin the squeeze back to all time highs again and given the slightly larger selloff this time, the squeeze higher would be aggressive
Show this thread


#39 dTraderB

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Posted 18 August 2021 - 07:35 AM

7% drop in HOUSING data results in 1 point drop in ES !! 

Strong bullish undertone with millions, billions buying every dip

 

basic analysis suggest further drop to test -200 then ??

 

McClellanOsc_1112.gif

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



#40 12SPX

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Posted 18 August 2021 - 08:37 AM

Think I'm getting tired of short selling, may need a vacation and just go back to selling my option premium lol!  Anyhow, kept adding to my short sell for the rest of the day and night and sitting at 4439.  Gonna profit stop it at 4435 now that the cash market is open and sell above it again....