112 replies to this topic

[dTraderB]

 

I think it was MYSTERYBROKER who said market will not drop sharply once HOUSING is near highs

 

Walter Deemer Retweeted

 

 

 

 

 

 

 

Quite exciting markets we have this morning... 

 

Michael Santoli

@michaelsantoli

·

18h

 

On Russell 2000 weakness, #MysteryBroker points out the only prior times the index fell this hard from a record high were 2000, 2007 and 2020. Ominous, perhaps, given what came next, but he notes that bear markets have never started with housing stocks at highs (ex-2020).

 

Michael Kahn, CMT

 

@mnkahn

·

22h

 

Nice breakout confirm. Check out some of the weaker homies playing catch-up. $ITB

 

[dTraderB]

V-shaped, could hit +200 by end of week

 

 

 

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

[dTraderB]

Stunned by this sharp drop in NQ! 

May close these QQQ PUTS, bank it in December has been one of my very beneficial trading rule! 

 

 

Bought 5 QQQ PUTS
new QQQ PUTS position

all OPTIONS are FEB or later, IN THE MONEY, I pay the extra premium, lessons learned from more than 2 decades of OPTIONS trading

Will add more above QQQ 403 ... . and more above 406 etc 

Unhedged but will add extra lot to NQ long trades, I may open a hedge NQ long before market closes if I hold more than 15 QQQ PUTS

Most likely remain unhedged for a while

 

Will add to SPY PUTS above 472 ... and higher if traded

 

4686.25 reopened
 

Closing ES HEDGE LONG  +25.5 points
Bank that now, the PUTS will take care of themselves late in December or next year. 
Will reopen  ES HEDGE LONG later or tomorrow or ...
 

 
ES HEDGE LONG  4676   reluctantly but system says so... risk off  in December
29 SPY PUTS
4 CRUDE short
nibbling in CRUDE
 

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]

Hmmmm I'm surprised d market up +3.5% for the week already...  Profit stop 4680 will sell higher....

[12SPX]

Out for a 10 point profit, starting my short build at 4685!! 

[12SPX]

Getting fun, average short 4688...

[12SPX]

Profit stop 4685, sell above!! 

[dTraderB]

No logical reason for this rally except Wall Street needs a rally for their bonuses, year-end % portfolio gains etc

 

Hmmmm I'm surprised d market up +3.5% for the week already...  Profit stop 4680 will sell higher....

[12SPX]

HAd a feeling the Dow would at least go green, starting my short build at 4690, hopefully get 4700 before this is over lol!! 

[dTraderB]

Closed 5 QQQ PUTS  near low of day, just over $450. 

 

 

Stunned by this sharp drop in NQ! 

May close these QQQ PUTS, bank it in December has been one of my very beneficial trading rule! 

 

 

Bought 5 QQQ PUTS
new QQQ PUTS position

all OPTIONS are FEB or later, IN THE MONEY, I pay the extra premium, lessons learned from more than 2 decades of OPTIONS trading

Will add more above QQQ 403 ... . and more above 406 etc 

Unhedged but will add extra lot to NQ long trades, I may open a hedge NQ long before market closes if I hold more than 15 QQQ PUTS

Most likely remain unhedged for a while

 

Will add to SPY PUTS above 472 ... and higher if traded

 

4686.25 reopened
 

Closing ES HEDGE LONG  +25.5 points
Bank that now, the PUTS will take care of themselves late in December or next year. 
Will reopen  ES HEDGE LONG later or tomorrow or ...
 

 
ES HEDGE LONG  4676   reluctantly but system says so... risk off  in December
29 SPY PUTS
4 CRUDE short
nibbling in CRUDE
 

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.