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


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#51 dTraderB

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Posted 06 January 2022 - 07:32 AM

QQQ down 2 plus in premarket, closing my NQ daytrade short, back to 3 NQ HEDGE LONG

Preparing to trade the bounce 

 

 

FED finally fessed up and the spoiled-brat markets did not like it. 

Best day since early November 2021. 

 

Closed all CRUDE SHORTs, some VXX CALLS, lots off SPY PUTS, and some QQQ PUTS

Left one daytrading NQ SHORT overnight to be net 2 NQ HEDGE LONG 

 

35 QQQ PUTS

56 SPY PUTS

 

2 ES HEDGE LONG

2  NQ HEDGE LONG

 

17 VXX CALLS

 

FLAT CRUDE & NAT GAS

 

 

 

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

 

 



#52 dTraderB

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Posted 06 January 2022 - 07:38 AM

The "Santa Rally" saw the heaviest Tech stock selling in a decade: https://bloomberg.com/news/articles/2022-01-05/heaviest-tech-selling-in-a-decade-fueled-stock-market-rate-rout "During the four sessions through Tuesday, these sales reached the highest level in dollar terms in more than 10 year


#53 dTraderB

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Posted 06 January 2022 - 07:39 AM

AAII Day Traders see bulls -5 to 33 and bears +3 to 33.


#54 dTraderB

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Posted 06 January 2022 - 08:42 AM

Extra note: Right now price just basing below 4708 and should try to fire there and reclaim.
Bulls will need to see a strong rush through that level which takes price to 4745,
any sharp rejection and next leg down starting which should see 4660, 4630, 4585ish (next big spprt)
 
Yesterday, was looking for test of ~50dma in

#ES_F & it got its 1st test of 2022 overnight & bounced. It held *9x* in 2021 stopping all pullbacks. Bulls luck running out

Plan today: Looking for 4708. Bulls need to clear with force to see 4745 & stop another big sell to 4660, 4585

 
 

 



#55 dTraderB

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Posted 06 January 2022 - 08:42 AM

I think we will see ES 4708 before ES 4665



#56 12SPX

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Posted 06 January 2022 - 08:49 AM

Yes agree, starting a long build here around 4692 see what happens after the cash open!!  



#57 12SPX

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Posted 06 January 2022 - 09:31 AM

Just like that long at 4690, do plan on legging in long little by little!  Thank god we have Fox business can't believe bidens on cnbc lol!! 



#58 12SPX

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Posted 06 January 2022 - 09:37 AM

There we go, profit stop 4795....



#59 12SPX

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Posted 06 January 2022 - 09:40 AM

Whoops that's what I'm hoping for lol!! 4695, will buy lower if hit!! 



#60 12SPX

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Posted 06 January 2022 - 09:52 AM

And out for a nice 5 point profit and back in long at 4690....