This week is all about OpEx and earnings reports..........................
VST target - SPX 4455 ................................
Hmmmm what happened to that call, was just yesterday morning?
BULLS hold ES 4350 & bounce or ES 4200 this week
Started by
dTraderB
, Oct 10 2021 07:40 PM
112 replies to this topic
#51
12SPX
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Posted 12 October 2021 - 10:50 AM
#52
redfoliage2
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Posted 12 October 2021 - 11:02 AM
This week is all about OpEx and earnings reports..........................
VST target - SPX 4455 ................................
Hmmmm what happened to that call, was just yesterday morning?
The bounce failed and SPX dropped back into the down channel with an intra-day reversal yesterday. However, if SPX closes above 4400 I will reassess ....................
Edited by redfoliage2, 12 October 2021 - 11:05 AM.
#53
12SPX
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Posted 12 October 2021 - 11:57 AM
hmmmmm k, anyhow starting a long build at 4345......
#54
redfoliage2
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Posted 12 October 2021 - 12:00 PM
Yes, but not now, maybe by next 3 to 6 months
Jamie Dimon says bitcoin is ‘worthless’
How this guy can claim it's worthless? He obviously forgot about the doctrine he was taught that the price is determined by supply and demand in a market. If a commodity on the market with lots of demands it's worth a lot. If no demands then it may be worthless and it's true for stocks also ...........................
Edited by redfoliage2, 12 October 2021 - 12:09 PM.
#55
12SPX
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Posted 12 October 2021 - 12:54 PM
profit stop 4346.
I traded bitcoin for a year just to prove to a friend that that is all it is good for,,,, trading... In the end he is right as there is nothing behind it at all to support it. You could do the same thing picking pretty rocks in my view and I won't even get into the environmental effects it has sucking more energy to produce it then cities. Plus add in the fact they try to call them "miner", they're just brokers doing a deal lol!!
#56
12SPX
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Posted 12 October 2021 - 12:58 PM
Darn stopped out again for a 1 point profit....
#57
12SPX
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Posted 12 October 2021 - 01:01 PM
And back in trying a long build at 4345.....
#58
12SPX
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Posted 12 October 2021 - 01:15 PM
hmmmmm gotta go but think I'll watch this one into the close because I think the trend is up, if we move higher enough then I'll put my profit stop on....
#59
dTraderB
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Posted 12 October 2021 - 02:49 PM
It is possible to notch a 2K points profit on my 2 NQ HEDGE SHORT ... but still 1200 points way....
and by the time it gets there the losses in QQQ CALLS may be much greater.
But, not stopping me from adding QQQ CALLS if NQ decline continue.
If VXX could get to 28 and higher it would be a great PUT postion, now at 24.82 but can quickly reach 28 if this week's OPEX is a rarity: BIG DOWN
#60
dTraderB
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Posted 12 October 2021 - 07:47 PM
6-day winning streak ends today as last hour selling, previous and new QQQ CALLS opened today, and VXX CALLS lost more than NQ daytrades, NQ HEDGE SHORT, and CRUDE SHORTs. NQ daytrading has been a bit more difficult during past few days, or maybe I am not focusing enough on these trades.
54 QQQ CALLS
10 VXX PUTS
2 NQ HEDGE SHORT
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Got this in the mail:
"According to Wikipedia, the "Smart Money" indicator was popularized by investment manager Don Hays. This indicator is based on a theory that "dumb" money (emotional, reactionary, news-driven) typically trades around the open each morning, while the more thoughtful "smart" money typically trades near the close.
Followers of the "Smart Money" indicator want to see the market rallying late in the day as opposed to trading higher at the open and then falling into the close. Late-day selling is seen as a bearish indicator.
Unfortunately for market bulls, the "Smart Money" indicator has been super negative for the past couple of weeks. As shown below, heading into today, the S&P 500 had traded lower in the last hour of trading during 8 of the last 10 trading days. Sure enough, today the S&P 500 was flat at 3 PM only to trade lower in the last hour and close down by 0.25%."
