112 replies to this topic

[12SPX]

This is almost hilarious.  If anyone actually thinks this is healthy you have another think coming lol!!  This is a move after you've seen after a -10%, -20% down move!!  I'd almost like to predict a turnaround tuesday but at this stage it would be a stretch lol!!  Average short 4675...  Sit on that for a bit! 

[redfoliage2]

 WWW tomorrow, expect a pullback then.  Maybe a gap-down in the morning ...................

Edited by redfoliage2, 07 December 2021 - 03:33 PM.

[dTraderB]

Record NQ DAYTRADE profit for 2021: 1247 points.

Losses in Unhedged 22 SPY PUTS as I built this position gradually during the day

Profits in QQQ CALLS, CLOSED ALL, just a few.

Fantastic day, huge NQ DAILY CANDLE, UP UP UP for most of the day. Trading is never easy but today NQ was quite enjoyable to trade, especially with unhedged SPY PUTS.

[12SPX]

So overdone,,,,,,again lol!  All the signs of a very unhealthy market as call premiums screamed higher to extreme bullishness once again wow!!  Puts never got that bearish so this is really interesting!  Anyhow, added  little more to my short now averaging a nice even 4675!! 

[dTraderB]

BIG MONEY wants it up, but they also know when it is overextended and will pull the plug.... that could be at least week so from now

Geopolitical events could also trigger another ST top.  I can't trade this market higher than ST timeframe.

 

So overdone,,,,,,again lol!  All the signs of a very unhealthy market as call premiums screamed higher to extreme bullishness once again wow!!  Puts never got that bearish so this is really interesting!  Anyhow, added  little more to my short now averaging a nice even 4675!! 

[dTraderB]

The spread in sentiment between Smart and Dumb Money is historic

Historic spread between Smart and Dumb Money

The past couple of weeks has triggered a drastic shift in sentiment. The confidence in a rally among Smart Money indicators has jumped. It would be even more extreme if there wasn't a curiously large plunge in "smart money" commercial hedger positions in equity index futures.

We can see the stark change in attitude below. Despite the weird increase in a net short position in index futures, Smart Money Confidence jumped to 77%, the highest since late April 2020. Dumb Money Confidence plunged to 30%, the lowest since early April 2020.

 

This adjustment in behavior has caused the spread between them to rise above 45%. The S&P 500's annualized return when the spread is above 45% was +52.6%, nearly 10x the return when sentiment was neutral.

https://www.sentimen...ey-is-historic/

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

58m

 

Yesterday was 2nd largest green day for #ES_F of 2021. Other 2 were Mar & Oct 2021 lows- major turn points.

My targets were 4675 & 4720 & came 8 points from 4720 so far

Plan today: Basing/dip ideal. Supports = 4670 (weak now), 4640 (big one).

They hold, 4720, 4770 next targets

[dTraderB]

zoomed above zero, trying to reach that +200 zone

 

 

https://www.mcoscill...t_breadth_data/

[dTraderB]

Walter Deemer

 

@WalterDeemer

·

16h

 

Today’s [TUESDAY] 85% upside day means we have now had back-to-back 80% upside days.

[dTraderB]

Helene Meisler

@hmeisler

·

15h

 

ISE Equity Call/Put Ratio 2.05, first reading over 2.0 since early June