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"INFLATION PANIC SETS IN .... SUCKERS' RALLY"


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#21 redfoliage2

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Posted 15 November 2021 - 09:55 AM

Last week SPX was down and formed a Doji, I'd expect another down week ................



#22 K Wave

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Posted 15 November 2021 - 10:04 AM

152 held on first crack on Apple...

 

Could be just about to see very big decision on that one...

 

If it holds above the 150 breakout after this pullback, and then takes out 152, likely off to the races there.

But...if it comes back under 150, then could be a real sign of trouble if this attempted breakout does not stick...



#23 redfoliage2

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Posted 15 November 2021 - 10:09 AM

Only if the chip supply shortage improves, but so far this is not the case ......................



#24 K Wave

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Posted 15 November 2021 - 10:24 AM

10 Year yield looking like a pic perfect Touch N Go on the 2 hour as it clears 1.60..

 

And with inflatIon at 6%, 30 year yield currently at MINUS 4%...how long until the elephants want to leave all at once??

 

10y.png



#25 blustar

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Posted 15 November 2021 - 10:28 AM

Last week SPX was down and formed a Doji, I'd expect another down week ................

I agree



#26 dTraderB

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Posted 15 November 2021 - 10:32 AM

Still buying this market? 
Good luck, trade smart -- get in, get out, ST longs & ST shorts are manageable but this can quickly become a treacherous market to trade on the LONG SIDE!  Markets rallied but quickly reversed, could add only 5 more QQQ PUTS. 

Will be adding more on rallies. 

64 QQQ PUTS

2 NQ HEDGE LONG

 

20 VXX XALLS

 

Flat crude & nat gas

 



#27 dTraderB

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Posted 15 November 2021 - 10:38 AM

Monday Meltdown – Asia’s Economy Tanks, Oblivious US Indexes back to their Highs

It's fun to ignore reality.

Or to imagine that the World is more fun than it is with less Covid and less Global Warming and less Inflation and better GDPs, etc.  Reality, however, can be a harsh mistress and ignorning reality can be harsher still – eventually.  But not this morning as our indexes are back around their record highs – even as China's Industrial Production coming in at 3% – the worst since Q2 of 2020 while their PMI is also collapsing – worst since February of 2020 – when the country was first shut down.

https://www.philstoc...to-their-highs/

 



#28 dTraderB

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Posted 15 November 2021 - 10:41 AM

Will start a new SPY PUT position, JAN or later

Not using buy limit orders, will monitor prices on options chain screen and buy market, starting with 5 lots



#29 dTraderB

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Posted 15 November 2021 - 10:41 AM

There is something CRASHY about this market....



#30 K Wave

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Posted 15 November 2021 - 10:42 AM

Apple pretty deep pullback....bears have not completey given up there just yet.....

 

But if they do not pull a complete reversal, then likely just a matter of time until Apple blows the roof off...

 

see what happens dead ahead here....