Whoops sorry meant 16 point profit, added that up wrong lol!! profit stop 4696....
Inflation at 40-year high. So why are markets so calm?
#121
Posted 16 December 2021 - 11:19 AM
#122
Posted 16 December 2021 - 11:36 AM
Hmmmmm out for a one point profit, better to sell higher but may buy if we move a little lower around the 4690 level!
#123
Posted 16 December 2021 - 11:39 AM
second ES hedge LONG 4694.75
40 SPY PUTS
Focus on daytrading NQ.
Flat everything else
Closed all VXX PUTS. FLAT VXX and will be so until 2022 ... although I may open VXX CALLS if VXX trades with a 19 handle and lower
Flat CRUDE & NAT GAS, hopefully until first trading day in 2022
Closed 1 ES HEDGE LONG + 22.5 points
Will reopen below 4680
Holding one ES HEGDE LONG
35 SPY PUTS
Best NQ daytrading day in 2021. Just awesome..... it went down swiftly and then roared back even faster! AMAZING!
Big profits in ES HEDGE LONGS
Big Profits in VXX PUTS
Losses in SPY PUTS -- after very big gains in open positions earlier but of course all this evaporated after FED announced.
3rd consecutive green day this week.
Winding up this year, will add a few more SPY PUTS on rallies and a second ES HEDGE LONG and leave it until trading resumes in January 2022
REST? SLOW week? Yeah. right.
Another green da with fantastic profits in NQ daytrading & SPY PUTS - losses in VXX PUTS and ES HEDGE LONG
Added VXX PUTS, most were profitable after the reversal but the previous VXX PUTS suffered losses
Only NQ DAYTRADES yesterday and a few VXX PUTS added
Focusing on NQ DAYTRADES
#124
Posted 16 December 2021 - 11:47 AM
Ok I'm joining you d just for the bounce though at 4694.75....
#125
Posted 16 December 2021 - 11:54 AM
So, the Fed knows it needs to meet the market consensus and it did. A positive interaction between the two ...........................
BTW, the last hurdle was cleared on the way for Santa rally, and the market is likely to go higher from here into the holiday week. Again, dip buyers got rewarded ...............................
By the end of the day SPX developed a breakout from the shoulder line of the inverted H&S pattern on the hourly chart, and it's likely to go much higher on this breakout before the end of the year. And I maintain my prediction for new highs soon....................
An inverted H&S pattern on ES chart as well with 120 min chart ...............................
I see the early dip from some profit taking will be bought later in the day, just like last Friday ......................
Some profit taking is healthy as SPX is consolidating at highs. I see ES high 4752 made overnight will be revisited before long .......................
Edited by redfoliage2, 16 December 2021 - 11:57 AM.
#126
Posted 16 December 2021 - 12:22 PM
Even with the Fed tapering the bull market will still be going higher in the first quarter 2022 as there will still be considerable liquidity for the market from both the Fed and the speed-up of corporate buybacks (they have to speed up before the first rate hike). We are likely to find SPX higher into the 4900 - 5000 region in the first quarter 2022 ....................
Edited by redfoliage2, 16 December 2021 - 12:25 PM.
#127
Posted 16 December 2021 - 12:32 PM
Average long now sadly 4692...
#128
Posted 16 December 2021 - 12:48 PM
Even with the Fed tapering the bull market will still be going higher in the first quarter 2022 as there will still be considerable liquidity for the market from both the Fed and the speed-up of corporate buybacks (they have to speed up before the first rate hike). We are likely to find SPX higher into the 4900 - 5000 region in the first quarter 2022 ....................
BTW, today is not a Friday but in terms of OpEx it's just like an OpEx Friday as December monthly options for index and index futures will stop trading and settlement values will be determined around cash market open in the morning.
I see there is a good chance for a gap-up opening if it does not bounce up in the late afternoon today .....................
Edited by redfoliage2, 16 December 2021 - 12:53 PM.
#129
Posted 16 December 2021 - 01:12 PM
Average long 4690 at the least a short term bounce should come soon but has nothing to do with expiration.
#130
Posted 16 December 2021 - 01:31 PM
The whole week is about the MMs game OpEx including tomorrow that technically speaking is a post-OpEx day for December ..............
Edited by redfoliage2, 16 December 2021 - 01:36 PM.