Looks like the market is off to the races again..... Earnings keep improving as well... Everything is on the up and up.... The only potential fly in the ointment is the put/call ratios are somewhat agreeing we are approaching a medium term top... However, if earnings continue to improve we should be moving higher longer term....
"Bulls Regain Control Of The Market As Fed Taper Looms"
Started by
dTraderB
, Oct 17 2021 06:31 PM
83 replies to this topic
#32
LMF
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Posted 19 October 2021 - 01:05 PM
The Real-time GDPnow for Q4 from the Atlanta Fed came out at 0.5 percent today. Its basically stalling out. And the concensus estimates range from 2.5 to 5 percent. Not exactly priced in very well. TQQQ has a nice cup formation below the ATH now. Right shoulder could be a cruncher if they do it on the full moon Weds.
Edited by LMF, 19 October 2021 - 01:06 PM.
#33
12SPX
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Posted 19 October 2021 - 01:42 PM
d your threads getting popular yay!! This is getting fun, was surprised how easy it was to get to an average short of 4460!!!
#34
dTraderB
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Posted 20 October 2021 - 07:35 AM
NQ daytrading only since Monday afternoon. Small profit.
FLAT everything except 10 VXX CALLS
Not confident in QQQ or SPY OPTIONS positions now since market action does not convince me to take risks, except in daytrading NQ or ST, VST trades.
Will add VXX CALLS below 22, will open QQQ PUTS near or above QQQ 377/378.
FLAT everything except 10 VXX CALLS
Not confident in QQQ or SPY OPTIONS positions now since market action does not convince me to take risks, except in daytrading NQ or ST, VST trades.
Will add VXX CALLS below 22, will open QQQ PUTS near or above QQQ 377/378.
#35
dTraderB
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Posted 20 October 2021 - 07:36 AM
Yeah. Good to see experienced traders sharing opinions & trades. Let us hope we keep it that way!
d your threads getting popular yay!! This is getting fun, was surprised how easy it was to get to an average short of 4460!!!
#36
dTraderB
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Posted 20 October 2021 - 07:40 AM
BITO ETF OPTIONS anyone?
Maybe I SHORT the ETF
Maybe I SHORT the ETF
#37
12SPX
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Posted 20 October 2021 - 07:41 AM
Holding up here and with those pops average short now 4470.... Getting back to one of those mornings where we could easily wake up 2-5% lower but today's not it. Options are screaming bullishness and I'm adding to my sold Nov calls at the 4600, 4650 and 4700 levels. Will be done by Friday. My 4000 and 3800 puts have gone down way to much at this stage of the new cycle already which also indicates to much complacency.
#38
dTraderB
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Posted 20 October 2021 - 07:42 AM
Adam Mancini (@AdamMancini4) tweeted at 8:15 am on Wed, Oct 20, 2021:
Yesterday, I was looking for a push to 4510-15 target in #ES_F then cool-off, and played out with a run there then spent 15hrs basing just below. Small bull flag forming on 30min chart now
Plan today: 4504, 4475 supports. As long as defended, breakout to 4535 then 4570 incoming
Yesterday, I was looking for a push to 4510-15 target in #ES_F then cool-off, and played out with a run there then spent 15hrs basing just below. Small bull flag forming on 30min chart now
Plan today: 4504, 4475 supports. As long as defended, breakout to 4535 then 4570 incoming
#39
12SPX
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Posted 20 October 2021 - 07:50 AM
BITO ETF OPTIONS anyone?
Maybe I SHORT the ETF
There's options on there, hmmmmm....I've been long since 32,000 waiting for 65,000 then I might start going short also...
#40
dTraderB
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Posted 20 October 2021 - 09:16 AM
Start of next QQQ & SPY PUT position, paying more for JAN QQQ & SPY, in the money
5 QQQ JAN PUTS
Also holding 10 VXX CALLS
Will add more VXX CALLS & QQQ PUTS on market rallies
Will short CRUDE above 82.4
