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


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#31 redfoliage2

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Posted 04 November 2021 - 11:40 AM

Now the chance for an overnight swoon looks good....................



#32 redfoliage2

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Posted 04 November 2021 - 12:26 PM

Now the chance for an overnight swoon looks good....................

The recipes for an overnight swoon showed up - Internals down and VIX up while SPX is currently up 12 points ...................


Edited by redfoliage2, 04 November 2021 - 12:27 PM.


#33 redfoliage2

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Posted 04 November 2021 - 12:38 PM

 

Now the chance for an overnight swoon looks good....................

The recipes for an overnight swoon showed up - Internals down and VIX up while SPX is currently up 12 points ...................

 

Also, both GOLD and USD up big today .......................



#34 12SPX

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Posted 04 November 2021 - 12:52 PM

Apple still has not yet taken out pre-earnings price...

 

Probably just a matter of time, but if it comes back under 150 before then...could still get a bit interesting.....

 

Otherwise, blast off mode likely not far away.....

Interesting, would love to see some charts k your good at those with your analysis!! 



#35 K Wave

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Posted 04 November 2021 - 03:02 PM



 



Apple still has not yet taken out pre-earnings price...

 

Probably just a matter of time, but if it comes back under 150 before then...could still get a bit interesting.....

 

Otherwise, blast off mode likely not far away.....

Interesting, would love to see some charts k your good at those with your analysis!! 

 

We had/still have a potential 3 drive to a top setup on AAPL weekly....but unless it turns back down real soon, it could blast off instead.

 

Here is hourly look...consolidating above the 200 MA at this juncture. and If it goes and takes out that 3rd top.....no telling how high the bubble could blow.

 

But....if ti fails to liftoff here, could be big warning sign.....below 150 could be first sign of trouble, and below 145, almost assuredly so....

 

Looking at the market as whole though...sure feels like it wants to blow the roof off in a speculation like the world has never see before....

 

TSLA took off, now SOX following along, and RUT looks to be lifting off out of HUGE base....

 

aapl.png

 

Amazon also had HUGE stick save, and may be about to re-enter bull mode after holding 3300 after earnings.

 

As long as it does hold 3300...5K or more not out of the question if this last year has just been a big base...

 

amzn.png


Edited by K Wave, 04 November 2021 - 03:03 PM.


#36 dTraderB

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Posted 05 November 2021 - 10:54 AM

An EPIC SHORT_COVERING rally!   Still not over, could continue into late next week! 

Managed to keep losses low for most of the week but no escaping larger losses today if market finishes above 16400 NQ

 

STOPPED out of 14 QQQ PUTS, will reopen JAN or FEB above 401

VXX CALLS holding up well, added a few on early spike down, will buy more below 19.1

 

Will close one NQ HEDGE LONG above 16450 & add extra lot to NQ daytrades as this SUPER BULLISH week ends. 

Flat on CRUDE & NAT GAS because market seems to be unsure of new IRAN supply coming soon to relieve pressure of OPEC stranglehold, VENEZ increasing exports etc; waiting to re-short above 82



#37 12SPX

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Posted 05 November 2021 - 12:15 PM

I should have said it a little earlier but I'm rooting for a turnaround Friday.  +10% in 18 days little bit too much in my view.... oh and were threw my expiration cycle numbers lol!!  Not gonna take much to get a -2% correction here, then back up.......



#38 dTraderB

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Posted 05 November 2021 - 12:27 PM

Good to see markets dropping from ATHs, but I now have to reopen second NQ HEDGE LONg 16320

May reshort CRUDE .... VXX position turns green 



#39 12SPX

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Posted 05 November 2021 - 12:33 PM

Well we were only a 1/3rd off of highs when I called it on here but started thinking that way when the Vix turned green, so far mixed but we'll see lol!! 



#40 12SPX

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Posted 05 November 2021 - 01:48 PM

Quadrupling down on my short for the weekend bringing it up to a short average of 4653....