Still up but heavy going ...
https://www.mcoscill...t_breadth_data/
Posted 07 November 2021 - 07:50 PM
Posted 07 November 2021 - 07:52 PM
Got to focus on this short NQ trade as the markets drop.
extreme greed
look at the components
https://money.cnn.co...fear-and-greed/
Posted 07 November 2021 - 07:57 PM
Posted 08 November 2021 - 12:03 PM
Seasonality does not favor a crash here. There are still further upside to SPX 4800 before the end of the year ......................
Edited by redfoliage2, 08 November 2021 - 12:08 PM.
Posted 08 November 2021 - 02:09 PM
However, in short term we may see a pullback soon ......................
Edited by redfoliage2, 08 November 2021 - 02:09 PM.
Posted 09 November 2021 - 09:01 AM
lol gonna be interesting!!
Posted 09 November 2021 - 10:14 AM
Is this actually a red day omg lol!!! Call options still have extreme premium bullishness in them and until that goes we could see more downside, gonna be interesting!!
Posted 09 November 2021 - 01:50 PM
Posted 09 November 2021 - 08:49 PM
2 Profitable days this week, more profits today.
CHINA playing a risky game in trying to arrange a soft landing for Evergrande et al but it could blow up, calling it a day but overnight action seems to be picking up
Closed a few QQQ PUTS earlier in the day and then some after 1pm but basically still holding big short position overall.
Profits in NQ DAYTRADES & QQQ PUTS, small profit in VXX CALLS & CRUDE SHORT, losses in NQ HEDGE LONG
82 QQQ PUTS
2 NQ HEDGE LONG
30 VXX CALLS
7 CRUDE SHORT
My worst week since August but could have been worse if market did not bounce in late trading Friday & VXX was up.
96 QQQ PUTS
2 NQ HEDGE LONG
30 VXX CALLS
FLAT CRUDE
Was stopped out of 18 QQQ PUTS last week and added more as market rallied but this turned out to be a losing proposition as markets jumped after the FED meeting.
BIG PROFITS in NQ daytrading, NQ hedge long, CRUDE SHORT, but also big losses in QQQ PUTS, VXX CALLS
Will continue holding a big short position but time is running out and will decide whether to cut losses and reverse or hold, or trim SHORTS on shallow pullbacks, gradually phasing out. But, for now, holding SHORTS.
Crude was very confusing after a great run and then US sent out signals about measures to increase supply etc ... did not trade much CRUDE on Thursday & Friday.
Posted 09 November 2021 - 08:52 PM
Edited by dTraderB, 09 November 2021 - 08:52 PM.