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SANTA Rally about to end...


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#11 12SPX

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Posted 28 December 2021 - 09:28 AM

Everyone and even their dog thinks there is always a Santa claus rally before the end of the year and I hate to say but it is generally up but not near as much as people think so agree on that.  One of the main reasons its up is because the market has usually been down the week before like it was last week but +5.7% in relatively 4 plus days is a bit much lol!! Made $34 on my sold 4200 puts already with the buy backs.  Still holding the 4000 puts and now averaging a nice sell of $26 on the 4850 calls and $11 on the 4900's.  Call premiums are screaming extreme bullishness and that's a sad setup for the rest of the week, even the volatility index won't go down even though put prices are being decimated lol!  Think it'll be a fun end to the year!! 



#12 redfoliage2

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Posted 28 December 2021 - 09:37 AM

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

 

Regardless the tax selling it's still a sell at the current level, not a buy. 

BTW, it looks that Friday, Dec 31 going to be a market holiday .....................


Edited by redfoliage2, 28 December 2021 - 09:42 AM.


#13 dTraderB

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Posted 28 December 2021 - 09:42 AM

NQ hedge long 16545  -- hope it loses at least 1K points! 

 

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

---

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

----

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. 



#14 12SPX

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Posted 28 December 2021 - 09:55 AM

Hmmmm ya they pulled the 2021 calender but can someone confirmed that I thought they decided to keep things going lol?



#15 redfoliage2

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Posted 28 December 2021 - 10:14 AM

 

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

 

Regardless the tax selling it's still a sell at the current level, not a buy. 

BTW, it looks that Friday, Dec 31 going to be a market holiday .....................

 

Going into 2022 with a hawkish Fed the market should be more volatile with frequent big up and down days.  Right now we are at a swing top so next we should see big down days in January ...........................


Edited by redfoliage2, 28 December 2021 - 10:15 AM.


#16 K Wave

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Posted 28 December 2021 - 10:54 AM

 

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

 

Regardless the tax selling it's still a sell at the current level, not a buy. 

BTW, it looks that Friday, Dec 31 going to be a market holiday .....................

 

Did they just change it?

 

https://www.aarp.org...t-holidays.html

 

Under NYSE Rule 7.2, which governs the exchange’s holiday observances, the stock markets close on the Friday before a holiday that falls on a Saturday and on the Monday after one that falls on a Sunday — “unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.”

 

That clause means the markets won’t close on Friday, Dec. 31, 2021, because it marks the end of a monthly, quarterly and yearly accounting period, requiring a full day’s trading. This last happened 11 years ago, when Jan. 1, 2011, fell on a Saturday.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#17 K Wave

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Posted 28 December 2021 - 10:58 AM

 

 

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

 

Regardless the tax selling it's still a sell at the current level, not a buy. 

BTW, it looks that Friday, Dec 31 going to be a market holiday .....................

 

Did they just change it?

 

https://www.aarp.org...t-holidays.html

 

Under NYSE Rule 7.2, which governs the exchange’s holiday observances, the stock markets close on the Friday before a holiday that falls on a Saturday and on the Monday after one that falls on a Sunday — “unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.”

 

That clause means the markets won’t close on Friday, Dec. 31, 2021, because it marks the end of a monthly, quarterly and yearly accounting period, requiring a full day’s trading. This last happened 11 years ago, when Jan. 1, 2011, fell on a Saturday.

 

Shaeffer reporting the same

 

https://www.schaeffe...ents-12-28-2021

 

According to the New York Stock Exchange holiday schedule, there will be no observed holiday for New Year's Day of 2022. The holiday, coming up this Saturday, will result is no closures of U.S. markets. The markets will be open both on Friday, December 31, and on Monday, January 3.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#18 redfoliage2

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Posted 28 December 2021 - 11:03 AM

 

 

 

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

 

Regardless the tax selling it's still a sell at the current level, not a buy. 

BTW, it looks that Friday, Dec 31 going to be a market holiday .....................

 

Did they just change it?

 

https://www.aarp.org...t-holidays.html

 

Under NYSE Rule 7.2, which governs the exchange’s holiday observances, the stock markets close on the Friday before a holiday that falls on a Saturday and on the Monday after one that falls on a Sunday — “unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.”

 

That clause means the markets won’t close on Friday, Dec. 31, 2021, because it marks the end of a monthly, quarterly and yearly accounting period, requiring a full day’s trading. This last happened 11 years ago, when Jan. 1, 2011, fell on a Saturday.

 

Shaeffer reporting the same

 

https://www.schaeffe...ents-12-28-2021

 

According to the New York Stock Exchange holiday schedule, there will be no observed holiday for New Year's Day of 2022. The holiday, coming up this Saturday, will result is no closures of U.S. markets. The markets will be open both on Friday, December 31, and on Monday, January 3.

 

Thanks for the correction .................



#19 12SPX

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Posted 28 December 2021 - 11:24 AM

Thanks that's what I thought but to bad lol!!! 



#20 tradesurfer

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Posted 28 December 2021 - 12:35 PM

all hands on deck !!! short the IWM at will .... crash setup engaging !