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SANTA Rally about to end...


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#21 redfoliage2

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Posted 28 December 2021 - 12:40 PM

 

 

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. 

 

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 ...........................

 

A swing top here and it's likely that this morning it offered the best price level to sell in a while ....................


Edited by redfoliage2, 28 December 2021 - 12:45 PM.


#22 dTraderB

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Posted 28 December 2021 - 12:52 PM

Hate to do this but I cannot continue to violate the HEDGE SYSTEM, especially with BIG PUT positions

 

2nd ES HEDGE LONG 4772.5

 

Wil open a 2nd NQ HEDGE LONG much lower than current 16488 -- maybe below 16100 if traded or will close all QQQ PUTS and NQ hedge long opened this morning.

 

82 SPY PUTS

32  QQQ PUTS

 

Watching CRUDE and VXX, still flat in both

 

 

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. 

 



#23 dTraderB

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Posted 28 December 2021 - 03:52 PM

LIMIT ORDERS for 17 & 18 JAN VXX CALLS almost filled! 

 

will be adjusted 

 

 

Hate to do this but I cannot continue to violate the HEDGE SYSTEM, especially with BIG PUT positions

 

2nd ES HEDGE LONG 4772.5

 

Wil open a 2nd NQ HEDGE LONG much lower than current 16488 -- maybe below 16100 if traded or will close all QQQ PUTS and NQ hedge long opened this morning.

 

82 SPY PUTS

32  QQQ PUTS

 

Watching CRUDE and VXX, still flat in both

 

 

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. 

 

 



#24 redfoliage2

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Posted 28 December 2021 - 07:48 PM

Like a canary in a coal mine for risky assets Bitcoin just dropped thru its 48000 support that opened the door for more downside to go. I see High fliers of stocks soon going to follow .

Edited by redfoliage2, 28 December 2021 - 07:51 PM.


#25 dTraderB

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Posted 29 December 2021 - 10:04 AM

7 VXX CALLS FINALLY FILLED

More buy limit orders placed, most likely at least one will be filled with VXX in low 19s or high 18s

 

down Monday, up Tuesday, trying to make it an UP Wednesday

Wanted to buy more QQQ & SPY PUTS this morning but so far markets have not reached as high as I wanted, maybe later

 

 

 

LIMIT ORDERS for 17 & 18 JAN VXX CALLS almost filled! 

 

will be adjusted 

 

 

Hate to do this but I cannot continue to violate the HEDGE SYSTEM, especially with BIG PUT positions

 

2nd ES HEDGE LONG 4772.5

 

Wil open a 2nd NQ HEDGE LONG much lower than current 16488 -- maybe below 16100 if traded or will close all QQQ PUTS and NQ hedge long opened this morning.

 

82 SPY PUTS

32  QQQ PUTS

 

Watching CRUDE and VXX, still flat in both

 

 

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. 

 

 

 



#26 tradesurfer

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Posted 29 December 2021 - 12:09 PM

Bitcoin is one of the best indicators ever for a leading signal about what about to happen to the stock market next !!!

 

 

Like a canary in a coal mine for risky assets Bitcoin just dropped thru its 48000 support that opened the door for more downside to go. I see High fliers of stocks soon going to follow .



#27 redfoliage2

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Posted 29 December 2021 - 01:18 PM

 

 

 

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. 

 

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 ...........................

 

A swing top here and it's likely that this morning it offered the best price level to sell in a while ....................

 

I see bounces will be sold ...............



#28 12SPX

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Posted 29 December 2021 - 01:44 PM

drip drip drip....this market is ridiculous and common sense gone lol!!! 



#29 redfoliage2

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Posted 29 December 2021 - 01:45 PM

C'mon, this is really boring to see bulls and bears are currently in stalemate ......................


Edited by redfoliage2, 29 December 2021 - 01:51 PM.


#30 redfoliage2

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Posted 29 December 2021 - 02:11 PM

I see there will be a resolution soon as the canary has stopped singing .........................


Edited by redfoliage2, 29 December 2021 - 02:17 PM.