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SANTA Rally about to end...


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#31 dTraderB

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Posted 30 December 2021 - 09:39 AM

Small gain yesterday after markets dropped a few points near the end. 

Appears to me they ramp up overnight and during part of the day session, then drop it later. 

I expect ES 4820 or near it to trade before market closes for 2021. 

 

another 5 VXX CALLS filled this morning

17 VXX CALLS

 

2 ES HEDGE LONG, one nearing 200 points profit 

1 NQ HEDGE LONG, will open a 2nd sometime today or tomorrow

 

87 SPY PUTS

37 QQQ PUTS

 

 

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. 

 

 

 

 



#32 dTraderB

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Posted 30 December 2021 - 09:43 AM

16450 NQ BUY LIMIT   hedge

 

Small gain yesterday after markets dropped a few points near the end. 

Appears to me they ramp up overnight and during part of the day session, then drop it later. 

I expect ES 4820 or near it to trade before market closes for 2021. 

 

another 5 VXX CALLS filled this morning

17 VXX CALLS

 

2 ES HEDGE LONG, one nearing 200 points profit 

1 NQ HEDGE LONG, will open a 2nd sometime today or tomorrow

 

87 SPY PUTS

37 QQQ PUTS

 

 

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. 

 

 

 

 

 



#33 redfoliage2

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Posted 30 December 2021 - 09:53 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. 

 

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

 

So, spikes that took place yesterday late afternoon and today at the open got sold right away.  I believe that their algorithms were set to sell around SPX 4800 plus minus a few points ...................


Edited by redfoliage2, 30 December 2021 - 10:00 AM.


#34 redfoliage2

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Posted 30 December 2021 - 12:08 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 ...............

 

So, spikes that took place yesterday late afternoon and today at the open got sold right away.  I believe that their algorithms were set to sell around SPX 4800 plus minus a few points ...................

 

So far no significant tax selling taking place for the year.  However, this may well be the last day of holding up ...................


Edited by redfoliage2, 30 December 2021 - 12:16 PM.


#35 da_cheif

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Posted 30 December 2021 - 01:17 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 ...............

 

So, spikes that took place yesterday late afternoon and today at the open got sold right away.  I believe that their algorithms were set to sell around SPX 4800 plus minus a few points ...................

 

took it down to fill the opening dow gap........no surprise there



#36 redfoliage2

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Posted 30 December 2021 - 01:23 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 ...............

 

So, spikes that took place yesterday late afternoon and today at the open got sold right away.  I believe that their algorithms were set to sell around SPX 4800 plus minus a few points ...................

 

took it down to fill the opening dow gap........no surprise there

 

But same thing happened yesterday late afternoon.  So it's not about gap filling, it's programmed.  BTW, there was not much a gap with SPX opening today...................


Edited by redfoliage2, 30 December 2021 - 01:31 PM.


#37 redfoliage2

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Posted 30 December 2021 - 01:41 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 .

 

Bitcoin now remains under the previous support 48000, not a good sign for risky assets in 2022 ..................


Edited by redfoliage2, 30 December 2021 - 01:42 PM.


#38 dTraderB

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Posted 30 December 2021 - 06:41 PM

They will try again tonight and tomorrow but basically it seems the SANTA rally is history. 

Good news on the Virus Front will reignite a rally.

 

 

 

 

 

 

 

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

 

So, spikes that took place yesterday late afternoon and today at the open got sold right away.  I believe that their algorithms were set to sell around SPX 4800 plus minus a few points ...................

 

So far no significant tax selling taking place for the year.  However, this may well be the last day of holding up ...................

 



#39 dTraderB

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Posted 30 December 2021 - 06:46 PM

Started bleeding from about 2pm and then picked up in the final 90 minutes in the way down

 

Set my alerts and placed LIMIT ORDERS, will only trade tomorrow if triggered. 

 

Best day for me this week, good-bye 2021, a great trading year, see you all in 2022, January 2nd 

 

90 SPY PUTS

2 ES HEDGE LONG

 

44 QQQ PUTS
2 NQ HEDGE LONG

 

20 VXX CALLS

 

 

 

 

16450 NQ BUY LIMIT   hedge

 

Small gain yesterday after markets dropped a few points near the end. 

Appears to me they ramp up overnight and during part of the day session, then drop it later. 

I expect ES 4820 or near it to trade before market closes for 2021. 

 

another 5 VXX CALLS filled this morning

17 VXX CALLS

 

2 ES HEDGE LONG, one nearing 200 points profit 

1 NQ HEDGE LONG, will open a 2nd sometime today or tomorrow

 

87 SPY PUTS

37 QQQ PUTS

 

 

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. 

 

 

 

 

 

 



#40 12SPX

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Posted 31 December 2021 - 08:51 AM

Yup on this last day I can say all I did yesterday was add to my short position doubling down actually and now have my short at 4752 going into the new year and as everyone knows I'll cover a little lower when it hits and then start a new short just above.  The market is overdue for more of a pullback anyhow so its tempting to hold but we'll see as calls remain way too exhuberant....Happy New Year to all hope everyone's trading is incredible in the new year!!!