Awwww in nice to wake up to a huge spread. As you know I started my long at 4430 and for the first time in almost a year I actually added to it higher, bringing my average up to a 4348 with overnight buys lol. I'm with d that we'll likely at least see around 4500 before this rally is over but we'll see, the market can change my mind in a flash lol. Profit stop 4460....
WHAT SELLOFF? Bulls win a famous victory but hard slogging ahead...
Started by
dTraderB
, Jan 30 2022 05:40 PM
246 replies to this topic
#12
12SPX
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Posted 31 January 2022 - 10:19 AM
Guess the crash and bear guys are scared off, quiet board now lol!! Anyhow with this nice pop I gotta trade it even though I think we may see 4500, profit stop 4348, for a nice round profit,,,,,start buying below again.....
#13
12SPX
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Posted 31 January 2022 - 10:22 AM
Until this extreme bearishness in put prices goes away I for sure think the market can rally a bit here. I can't believe the prices they are amazing, have made months of profits selling premium and the market is no where near down -20%. Quite interesting.....
#14
steadyquest
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Posted 31 January 2022 - 11:22 AM
When the dollar effect is removed there doesn't appear to be much of anything happening aside from a bit of divergence that may-or-may-not prove significant in the long run.
#15
12SPX
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Posted 31 January 2022 - 11:36 AM
Okay out for a nice 100 point profit and starting my rebuild at 4445, will continue to add if we go down....
#16
dTraderB
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Posted 31 January 2022 - 11:54 AM
Definitely will be a new ATH in NQ daily profit today, huge rally!
New SPY PUTS position started with 5 APRIL, will add more
Holding all my stocks bought last week, previous week, and 10 QQQ PUTS that have been decimated but still there as a hedge in case of extreme drop.
I will add an ES HEDGE LONG when there is something worthy to hedge in SPY PUTS! Does not look likely now, but beware of the BEARS waiting top pounce!
#17
dTraderB
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Posted 31 January 2022 - 12:34 PM
Markets could give back most or all of these gains today or tomorrow.
Of course, that is possible, so what? There is a higher than 50/50 probability it can finish in the red today...
#18
redfoliage2
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Posted 31 January 2022 - 12:35 PM
SPX looks to go 4500 soon .................
#19
linrom1
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Posted 31 January 2022 - 12:39 PM
Pesavento says 5-8 days rally, Tim Bost says buy tomorrow sell on 2/11 and David Hunter is calling for ES 6000. Okay! My EW says we go down soon like now.
#20
redfoliage2
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Posted 31 January 2022 - 01:22 PM
SPX looks to go 4500 soon .................
It's likely to close at high again today .......................
