Apple back testing 175....whether or not bear can now turn it into resistance could be telling for rest of today....
ST Bottom, Bounce, DOWN again
Started by
dTraderB
, Jan 09 2022 05:33 PM
212 replies to this topic
#161
K Wave
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Posted 13 January 2022 - 11:26 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#162
redfoliage2
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Posted 13 January 2022 - 11:28 AM
December PPI just out. The leading component (MOM) down to 0.2% from 1.0% in Nov. forming a down trend. The lagging component (YOY) also down from 9.8% to 9.7% (it's a hot topic for the talking heads though). Now we should understand why Powell said on Tuesday at the Senate confirmation hearing the Fed policy normalization is a long road to go. I guess he must already have known Dec. PPI and CPI then..........................
So forget about the Street propaganda that the Fed will embark radical moves this year. I see the Fed will not touch balance sheet reduction this year - it's a long road to go, as it's quoted......................................
Today it's due for a VST consolidation and after it's done, higher to go ......................
I regularly swing trading ES. But a few weeks ago I bought ETF JETS as a LT holding and it's up 10% so far. It's up over 3% today ..........................
Edited by redfoliage2, 13 January 2022 - 11:32 AM.
#163
12SPX
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Posted 13 January 2022 - 11:49 AM
Directionless market gonna go skiing lol, I'll let you know how my short build goes...
#164
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Posted 13 January 2022 - 12:01 PM
1 min wedgie on AAPL getting real tight....decision should be imminent...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#165
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Posted 13 January 2022 - 12:17 PM
Amazon taking aim that key 3240 level...super high risk of crash type action below that....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#166
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Posted 13 January 2022 - 12:17 PM
Looks like bears finally tearing up the place on AAPL
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#167
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Posted 13 January 2022 - 12:21 PM
Whoooo Doggy...MSFT
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#168
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Posted 13 January 2022 - 12:29 PM
Amazon right at 3240...last chance bulls....
Big Danger Zone below....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#169
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Posted 13 January 2022 - 12:35 PM
Google about to join Softy below the trap door level???
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#170
dTraderB
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Posted 13 January 2022 - 12:42 PM
Closing 5 QQQ PUTS to bank 1K plus profits and hold the other 19
400 QQQ
Will add more PUTS on any bounce above 383
and another below 380 if traded today
another 100 below 383.75
added another 100 just below 386
300 QQQ
24 QQQ PUTS
will add more qqq at lower levels
Relatively dull day after early spike up. Smaller profit than previous 2 days.
NQ daytrades, one QQQ trade, one QQQ PUT tradem, no SPY trade, no VXX tRADE, no CRUDE trade'
In LT:
200 QQQ
20 QQQ PUTS
Flat everything else
