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An Overvalued, Overbought & Overleveraged Stock Market While The Fed Tightens, What Could Go Wrong?


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#11 12SPX

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Posted 22 November 2021 - 03:20 PM

Well that was surprising , out for a 1 point profit but back in building my short at 4725 now wow!! 



#12 dTraderB

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Posted 22 November 2021 - 04:00 PM

An amazing reversal! 

Look at those long RED daily candles... 

 

Well that was surprising , out for a 1 point profit but back in building my short at 4725 now wow!! 



#13 dTraderB

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Posted 22 November 2021 - 04:08 PM

Best day in 2 months! 

LONG RED DAILY CANDLES, hanging....

DOLLAR soared, VXX made 8-day high, SPY closed 6 points lower than ATH made today, QQQ closed more than 8 points from ATH made today

 

73 QQQ PUTS

37 SPY PUTS

1 ES LONG HEDGE

2 NQ HEDGE LONG

20 VXX CALLS

 

FLAT CRUDE & NAT GAS -- messy markets

 

CLOSING 5 of 82 QQQ PUTS opened earlier today. Will close another 5 or 7 if it continues to drop....
Holding 32 SPY PUTS
1 ES HEDGE LONG
2 NQ HEDGE LONG
35 VXX CALLS

WILL close a few VXX CALLS



#14 dTraderB

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Posted 22 November 2021 - 04:11 PM

Failed breakout for #ES_F and correction underway. 4700-4705 was the key level to defend - it held for a nice 25 point bounce, then failed on the 2nd test and let go. 4650 next support down where bulls will have a chance to recover this - 4630 strong support below if that fails
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Adam Mancini
 
@AdamMancini4
· 3h
Note: Backtest level hit nicely 4700-4705 and small bounce so far. Bulls going to need to hold this now, if it fails downside levels from this morning are in play (4650, 4625)
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#15 dTraderB

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Posted 22 November 2021 - 04:13 PM

This might be the "worse" S&P +10 day in years Is The Great Divide... About To Be Unwound? https://realmoney.thestreet.com/dougs-daily-diary


#16 dTraderB

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Posted 22 November 2021 - 04:15 PM

 
 
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Notable: the word "transitory" is almost completely gone from inflation chatter, even among policy makers. I'm not sure if there's signal there but it's worth noting.


#17 dTraderB

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Posted 22 November 2021 - 04:18 PM

Today will be the 3rd Hindenburg Omen day in a row. NH and NL already over the threshold needed.


#18 dTraderB

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Posted 22 November 2021 - 04:21 PM

LOL!  

 

 
ThjYEzGC_bigger.jpg
 
 
Replying to
Where do you see S&P from here? 4552? Thxs for you good and pro info…
 
 
That’s what we address in our paid subscription products. https://mcoscillator.com/market_reports/


#19 dTraderB

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Posted 22 November 2021 - 04:26 PM

3:45 Negative Breadth Rally Produces The Most New Lows On NYSE and NASDAQ Than At Any Time Since The 2020 Feb/March Crash


#20 12SPX

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Posted 23 November 2021 - 09:18 AM

Wow that is really interesting d especially the seven sentinels numbers!!  NOnetheless still have my short on from 4725 with a profit stop for the open of 4690 for the cash open but will start selling just above again.  Also did my Dec. call sells yesterday for nice prices but have resisted posting them because I still have to show my Nov losses lol!!  In the end it wasn't too bad as I started getting out on WWW but nonetheless the 4600 calls saw a loss of -$20 as my rules say I have to get out if the price moves that much above the sold price, 4650 calls -$23 but very funny my normal 4700 calls where my program numbers were had a profit of $22 as I built them as the market rose.  Did have full profits on my 4200 puts for $16, 4000 puts for $10 and 3800 puts for $6.  So far for Dec I've sold the 4850 calls for $12, 4900's for $5 and the $4950's for $2.  We'll see how long I hold the 4850's and havn't added my puts just yet!!