Started a short from 4690 yesterday afternoon but didn't post it here so its not official, totally going against the shortened trading week but I think its more about what happened last week and Monday excessive exuberance! option premiums still indicating way to much bullishness also so at the least think the market will be frothy but likely up Friday. For now profit stop 4670 for the cash open. If we could get a bit lower I'd go long....
An Overvalued, Overbought & Overleveraged Stock Market While The Fed Tightens, What Could Go Wrong?
#41
Posted 24 November 2021 - 09:10 AM
#42
Posted 24 November 2021 - 09:19 AM
Both PCE and GDP price data just released indicate that inflation in the US has stabilized. The Fed's view on inflation as transitory may be correct ....................
Both GDP Price and PCE data were lower in two consecutive months (Oct and Nov) than the peak from Sept. forming a down trend. I see the Fed won't have to be in a hurry to raise .........................
Edited by redfoliage2, 24 November 2021 - 09:24 AM.
#43
Posted 24 November 2021 - 09:22 AM
I've changed my my mind gonna see if there is any holiday joy out there even though biden is in office lol!! Taking profits on my short for 27 points profit and going long at 4663... Starting to sell some Dec puts yesterday and this morning at the 4300 level for an average $16 now...
#44
Posted 24 November 2021 - 09:38 AM
Added a little with that dip at the open,to 4661, profit stop 4665...
#45
Posted 24 November 2021 - 09:41 AM
And darn filled for a 4 point profit and back in starting a long build at my fave smooth average 4660....
#46
Posted 24 November 2021 - 09:43 AM
Great trades!
I've changed my my mind gonna see if there is any holiday joy out there even though biden is in office lol!! Taking profits on my short for 27 points profit and going long at 4663... Starting to sell some Dec puts yesterday and this morning at the 4300 level for an average $16 now...
#47
Posted 24 November 2021 - 09:44 AM
Closed all VXX CALLS
Profitable but somewhat disappointing, expected higher VXX at these SPX levels, and VXX trading consumes too mych valuable time.
#48
Posted 24 November 2021 - 10:04 AM
profit stop 4670...
#49
Posted 24 November 2021 - 10:07 AM
actually keep it tight 4675....
#50
Posted 24 November 2021 - 10:08 AM
Shoot and filled for a 15 point profit as I wrote that.... hmmmmm