Jump to content



Photo

An 85% Chance That Stocks Won't Suffer a Pullback


  • Please log in to reply
39 replies to this topic

#11 12SPX

12SPX

    Member

  • Traders-Talk User
  • 5,546 posts

Posted 02 November 2021 - 11:50 AM

EXPECTING THE MARKET TO KEEP GRINDING UP AS IT'S WAITING FOR THE HOUSE TO VOTE ON THE SPENDING AND INFRASTRUCTURE BILLS.  BUT THE VOTE MAY BE DELAYED

Think whoever wins tonight in Virginia may have an effect on the bill anyhow but I also don't think it's having much of an effect and if it is the question is,,,, sell the news.  I'm just still adding to my sold calls now sitting waiting lol!! 



#12 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,643 posts

Posted 02 November 2021 - 01:16 PM

AND POSTING IN LAST WEEK'S THREAD!


Reopened 2nd hedge NQ LONG 15920.
Hope this LOSES 1000 NQ POINTS!

Not intended, but daytrading not only NQ but Crude, NQ HEDGE LONGS, QQQ PUTS -rolling a few into FEB

#13 12SPX

12SPX

    Member

  • Traders-Talk User
  • 5,546 posts

Posted 03 November 2021 - 08:31 AM

boy this is such a quiet board, no ones even voting for the market anymore.  No opinions about Virginia lol??



#14 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,941 posts

Posted 03 November 2021 - 09:07 AM

The Fed event should be a positive for the market if the Fed follows its Sept meeting ......................


Edited by redfoliage2, 03 November 2021 - 09:08 AM.


#15 Bernie

Bernie

    Member

  • Traders-Talk User
  • 405 posts

Posted 03 November 2021 - 11:46 AM

boy this is such a quiet board, no ones even voting for the market anymore.  No opinions about Virginia lol??

I see dead people...lol



#16 12SPX

12SPX

    Member

  • Traders-Talk User
  • 5,546 posts

Posted 03 November 2021 - 12:01 PM

Don't really get that lol but anyhow I'll take the other side and say that after the Fed announcement the market sell off's  as everyone expects the same thing from them and since we've rallied so far so fast its due for at least a little correction.  Call premiums continue to scream bullishness and I'm surprised it hasn't created any volatility at all!! 



#17 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,941 posts

Posted 03 November 2021 - 03:11 PM

Today the Fed basically did what it said at the Sept meeting, so the market mounted a relief rally upon the Fed announcement.  However, it's now in extremely over-bought conditions  .................................


Edited by redfoliage2, 03 November 2021 - 03:11 PM.


#18 12SPX

12SPX

    Member

  • Traders-Talk User
  • 5,546 posts

Posted 03 November 2021 - 04:44 PM

Nawwwww never gonna go down, 8% in 15 trading days, I figure were up another 32% by the end of the year lol!!! 



#19 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,643 posts

Posted 03 November 2021 - 09:19 PM

Tons of trading today but it was still a RED day by a mere $712

Big gains in NQ daytrading, NQ hedges, CRUDE shorts, but really big loss in QQQ PUTS and smaller loss in VXX CALLS

6 QQQ PUTS STOPPED out, but added that and more as market soared after  FED surrendered to WALL ST. 

 

2 RED, 1 GREEN day this week. 
 

92 QQQ PUTS

38 VXX CALLS

Still holding 4 CRUDE SHORTS, will put in new BUY STOP orders before calling it a night by 10:30pm

2 NQ HEDGE LONG, wanted to close 1 lot during last hour of trading but I decided to hold these 2 hedge longs overnight

 

Was tempted to trade ES PUTS but that would have been too much to focus on during this very hectic trading period. 



#20 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,643 posts

Posted 03 November 2021 - 09:21 PM

Some back & forth for #ES_F after FOMC but generally bullish so far: ES spent the past day consolidating/flagging below 4620 and has now broke above Bulls must hold 4615-20 now, but as long as it does, rally to 4665 then 4700 remains in play, where I'd look for the next pullback
Quote Tweet
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 14h
This week, 1st target was 4615-20 and #ES_F hit & based there since. Waiting on FOMC today for direction. Expect vol & lighten up trades Plan today: 4590 = critical support. As long as above, favoring 1 more leg to 4665 then 4700. 4590 fails sell begins direct to 4550 then 4500 twitter.com/AdamMancini4/s…
Show this thread