Jump to content



Photo

FF 2022: SPX up 10% - down, up, down big, year-end rally


  • Please log in to reply
93 replies to this topic

#21 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 07:56 PM

Started the year trading from 5am on Monday and continued until about 10 minutes ago with a break of about 7 hours.  
First trading of 2022 was a red one, losses in PUTS overwhelmed big profits in NQ & ES hedge longs and NQ daytrading

 

But, today was a great day, an enjoyable day with larger ranges and big swings! 

Still have not closed any PUT or VXX CALL. What a great day for my QQQ PUTS as NQ collapsed. 

96 SPY PUTS

49 QQQ PUTS

 

2 ES HEDGE LONG

2 NQ HEDGE LONG

 

25 VXX CALLS. 

 

 

Not going to close any PUTS but will add another HEDGE LONG on any pullback below ES 4750

Will close 1 NQ HEDGE LONG above 16475

Will buy more PUTS above previous ATHs. 

 

LIMIT orders  placed to add more VXX CALLS but I just can't focus on that now so will adjust the orders if necessary and leave it alone. 

----

 

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

 

 

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



#22 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 07:58 PM

Looks like Santa left town and market did not like his departure. 

 

Yesterday, #ES_F trapped bears, and today, bulls trapped setting a new ATH then running out of gas. Fake breakout & ugly daily candle. Bulls need to reclaim 4790 ASAP & have 2 shots 4770-65 (here) as posted, then 4745 last one. 4745 fails its a rapid drop to 4712 major support


#23 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 08:00 PM

The #MysteryBroker's best guess on the year: "Quick, nasty" 10% correction starting in January, a run to new highs through March/April, extended 10-15% correction into July-Oct., then strong year-end rally. Overall S&P 500 up ~10%, with smaller cap/value sectors doing better.
The #MysteryBroker's best guess on the year: "Quick, nasty" 10% correction starting in January, a run to new highs through March/April, extended 10-15% correction into July-Oct., then strong year-end rally. Overall S&P 500 up ~10%, with smaller cap/value sectors doing better.


#24 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 08:01 PM

 
 
 
 
 
Njx49flI_normal.jpg
 
 
Replying to
#MysteryBroker sees much better growth as Covid cases peak soon, inoculation benefits reaped before true herd immunity. Travel, back-to-office revival. Folks will ask why market isn't stronger w/ economy humming - reverse of asking in 2020 why market so strong w/ economy weak.
 
 
9
 
10
 
91
 
 
 
 
 
 
 
 
 
Njx49flI_normal.jpg
 
The #MysteryBroker favors stocks such as WFC, GE, AVGO, JNJ, MCK. Wary of Covid beneficiaries in tech, ecommerce and names such as FDX that are loved but have pulled forward a lot of growth. That's it, except for the boilerplate...
Quote Tweet
 
 
 
 
 
 
Njx49flI_mini.jpg
 
Michael Santoli
@michaelsantoli
· May 9, 2019
Finally, the standard disclaimer on #MysteryBroker stuff: He's a source I've quoted for more than a decade since my time at Barron's; is a real person; is not me; is not someone whose name you'd know. I provide the updates as I get them mostly because people ask for them.


#25 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 08:02 PM

Santa Claus has left the (NASDAQ) building.


#26 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 04 January 2022 - 08:05 PM

Stuck at the top of the range

 

McClellanOsc_1210.gif



#27 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 05 January 2022 - 08:47 AM

Placing order to open new CRUDE WTI SHORT position 

BUY LIMIT 1 @78.10

Will build position with more limit orders above 78.3, 78,6, 79, and higher



#28 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 05 January 2022 - 08:49 AM

Not shouting "CRASH" - as yet - from the rooftops as this guy, but markets due for a painful decline:

 

What we are witnessing is the convergence of inflation hysteria and COVID pandemonium at the same time. The first one is monkey hammering Tech/deflation trades and the second one is about to implode cyclicals. This wave formation is worst case scenario for bulls:


#29 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 05 January 2022 - 08:51 AM

ES 4770 to 80 has been a solid support zone. 

 

 
6m2JZgO1_normal.jpg
 
The dividend yield on the S&P 500 at the end of 2021 was 1.27%.  The only years in history that ended with a lower dividend yield...  - 1999: 1.14%  - 2000: 1.23%

Edited by dTraderB, 05 January 2022 - 08:52 AM.


#30 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 9,898 posts

Posted 05 January 2022 - 08:54 AM

FED realizing they are being boxed into a small corner where there is the increasing possibility of no room to delay or talk down the decisive action necessary:

 

Michael Santoli Retweeted

Fed officials are now openly talking about reducing the nearly $9T balance sheet.

reports on the market implications:

 
 
 
 
 
 
jBN0g0AI_normal.png
 
The first few trading days of 2022 have indicated a new rotation is already underway.

explains: