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SANTA Rally about to end...


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#1 dTraderB

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Posted 27 December 2021 - 06:33 PM

Yeah, maybe another % up in the SPX but looks like they front-run it and just frothing & fizzling remains. 

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Big profits in NQ daytrading and ES HEDGE LONG but net loss today because of larger losses in SPY & QQQ PUTS

 

77 SPY PUTS

22 QQQ PUTS

1 ES HEDGE LONG 

1 NQ HEDGE LONG buy limit order placed @16475; will adjust

1 ES HEDGE LONG buy limit order placed @ 4744

 

Will add more QQQ & SPY PUTS above current ATH

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From previous thread:

My plan for 2 weeks of light trading and much more R&R has been derailed... but I still want to rest as much as possible

 

Closed 1 ES HEDGE LONG +203.5 points

Cannot leave 203.5 points on the table even as SPY PUTS are under the water and almost near drowned state. 

67 SPY PUTS

 

Holding 1 ES hedge long, will reopen 2nd one if I buy more PUTS above 478, or if ES drops by more than 0.5% from current ATH

 

Added 10 QQQ PUTS, now holding 15

Will add more above 405 and open a new NQ HEDGE LONG sometime today

 

Will start new thread later or tomorrow. 



#2 dTraderB

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Posted 27 December 2021 - 06:38 PM

2021 will be among the other 19% that lost in the Santa Claus trade

 

0rFn6h6-_bigger.jpg
 
Santa Claus win rate is 81% over the past 21 years. Great table from

Edited by dTraderB, 27 December 2021 - 06:38 PM.


#3 dTraderB

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Posted 27 December 2021 - 06:39 PM

This is the biggest four day rally of 2021. Nasdaq breadth is negative.


#4 dTraderB

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Posted 27 December 2021 - 06:41 PM

VERY BULLISH  

Friday (Saturday) Poll. The next 100 points for the S&P?
  •  
    UP
    63.5%
  •  
    DOWN
    36.5%
2,936 votes·Final results
 
 
 

Edited by dTraderB, 27 December 2021 - 06:45 PM.


#5 dTraderB

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Posted 27 December 2021 - 06:47 PM

Ripping through targets in #ES_F: Cleared 4745 1st target & now at 4770 2nd. 4785-90 next up (strong res ~here) then 4835 Key to note: Todays surge was caused by breakout of a 1.5 month bull triangle at 4715 which means bulls in control as long as above it (big sell if it fails)
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 10h
After the biggest 3 day run of 2021 #ES_F, its now "Santa Rally" week & no signs of stopping. As of now, its breaking out of a 1.5 month bull triangle Plan today: Looking to 4740-45 (big res), dip, then above it starts the run to 4770, 4785 target. In play as long as 4715 holds twitter.com/AdamMancini4/s…


#6 dTraderB

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Posted 27 December 2021 - 06:51 PM

Not a PPO fan but will see if it is of any use to me

 

 

PPO is to MACD as the Ratio Adjusted Summation Index (RASI) is to the classic Summation Index. See https://mcoscillator.com/learning_center/kb/market_data/ratio_adjusted_summation_index/ for background. And see https://mcoscillator.com/learning_center/weekly_chart/rasi_failed_at_500_bad_news_for_bulls/ for recent usage and interpretation of the RASI failing to get above +500.
 
Greg Schnell, CMT
 
@Schnellinvestor
· 8h
MACD waves are based on price so as price rises, so does MACD. Try PPO, which uses percentage moves to compare to history. # .Monthly PPO ON COMPQ might trigger a sell signal this month. @ISABELNET_SA @LanceRoberts


#7 dTraderB

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Posted 27 December 2021 - 06:53 PM

HUGE MOVE up.... highest for 2021? 

 

McClellanOsc_1204.gif

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



#8 dTraderB

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Posted 27 December 2021 - 06:55 PM

Yes, LOW VOLUME, but this is quite impressive

 

https://www.marketin...ce-decline-line



#9 12SPX

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Posted 28 December 2021 - 08:51 AM

Yes agree this is a little overdone, but have been taking profits on my put sells and now adding to my Jan call sells lol!  Brought my average short up to 4726 also now ready for next year lol!!  I'm surprised they are pushing it this much and still think we'll see it pullback before the end of the year! 



#10 redfoliage2

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Posted 28 December 2021 - 09:11 AM

I still see there will a big selling day before the year ends and this may be just the setup for it ...............


Edited by redfoliage2, 28 December 2021 - 09:12 AM.