343 replies to this topic

[12SPX]

Well that was an interesting close lol!  I was on my way to tennis and the market tanked in the final 15 min lol!!  Nonetheless now have an average long of 4547.  This would have been so much easier to stick to the short side but oh well still pulled in 15 points yesterday going long lol!  Anyhow see how the day goes as the market is primed for a sharp rally anywhere and likely from a place that no one expects.  As I said at the start of the year in the end this market is going to be rangebound for a while, we just need to find that lower point yet but tech is getting near so we'll see. 

[redfoliage2]

The sharks on the street who have been relentlessly hyping on how much/how active the Fed will be hiking have to put their money somewhere from the recent selling of the bonds. Its TINA and nowhere to go as the rate is still very low and cash is still trash.  After all, this is the very reason why they have been relentlessly hyping.  But I doubt the Fed will go their way  ........................

Data just out indicating more jobless claims at 286K.  Will the Fed follow the hypsters anticipations?  More likely they will be disappointed next week by the Fed ......................

Edited by redfoliage2, 20 January 2022 - 08:54 AM.

[12SPX]

Ya I agree with that, there is no way were gonna see 4 rate hikes lol!!  Btw forgot to mention my Jan 4500 put trade was profit stopped out at $15 yesterday at the close for a $5 gain and I resold it at $21 again, just not feeling the market will be at 4500 at least for this expiration....Profit stop for today, $15 once again...

[redfoliage2]

My indicators all pointing to a bottom here, so I'd expect a big relief rally after the Fed meeting next week ............................

Edited by redfoliage2, 20 January 2022 - 09:19 AM.

[12SPX]

Darn was putting my profit stop in again at 4550 and hit for a 3 point profit but starting my long build again at 4545...

[redfoliage2]

 

The sharks on the street who have been relentlessly hyping on how much/how active the Fed will be hiking have to put their money somewhere from the recent selling of the bonds. Its TINA and nowhere to go as the rate is still very low and cash is still trash.  After all, this is the very reason why they have been relentlessly hyping.  But I doubt the Fed will go their way  ........................

Data just out indicating more jobless claims at 286K.  Will the Fed follow the hypsters anticipations?  More likely they will be disappointed next week by the Fed as indicated from Powell's recent remarks
......................

 

My indicators all pointing to a bottom here, so I'd expect a big relief rally upon the Fed meeting next week ............................

But shorts will have cover before then .......................

Edited by redfoliage2, 20 January 2022 - 09:52 AM.

[12SPX]

profit stop 4550, maybe another 5 point gain day lo!!  Will for sure buy below....

[12SPX]

Okay I'll go crazy and put my profit stop at 4555 and still buy lower....

[K Wave]

SOX sticking out like a sore thumb this AM....see if it can find its footing here soon.

 

If not, this pop may not last that long....

 

Have to get Rusty over 2100 before bulls can starts to breath a bit easier...

Edited by K Wave, 20 January 2022 - 10:22 AM.

[K Wave]

Wathcing Tesla here to see if it can reclaim to 1020 pivot zone....