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Harry Potter's Monetary Policy Wand? New BULL market?


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#101 12SPX

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Posted 24 March 2022 - 08:36 AM

starting my long build once again at 4460....



#102 redfoliage2

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Posted 24 March 2022 - 08:37 AM

 

Maybe a bear trap here.....................................................

"Bear trap" doesn't seem to have a single meaning. I easily found multiple sites with opposite meanings of the term. What are you implying, thanks?

 

I meant a false breakdown.


Edited by redfoliage2, 24 March 2022 - 08:37 AM.


#103 12SPX

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Posted 24 March 2022 - 08:43 AM

profit stop 4465 once again will buy below, participants seem to like the upside today!! 



#104 12SPX

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Posted 24 March 2022 - 08:47 AM

Hmmmm that was fast but 5 points is five points and I'll take it, buy lower hopefully!! 



#105 12SPX

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Posted 24 March 2022 - 08:50 AM

Kinda worried we could see the Nasdaq go red again but we'll see I guess....Market is boring and volatility will remain as I've said both up and down, gonna be the best year in quite awhile to sell both call and put out of the money options on the S&P.... 



#106 12SPX

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Posted 24 March 2022 - 09:04 AM

Guess I should have kept my stops tighter lol!!  Oh well continue to wait for shorts to come maybe, gonna be a watch and wait day maybe!!



#107 12SPX

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Posted 24 March 2022 - 09:24 AM

Hmmmmm and there it was at least for a moment with it moving down, might be lower yet in the end.  I remember the other thing we were gonna see was more mixed markets as the Nasdaq was down much more than the S&P.  Interesting market today.....



#108 redfoliage2

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Posted 24 March 2022 - 09:55 AM

Hmmmmm and there it was at least for a moment with it moving down, might be lower yet in the end.  I remember the other thing we were gonna see was more mixed markets as the Nasdaq was down much more than the S&P.  Interesting market today.....

I'd welcome it for selling some out of the money puts if we see a moment of moving much lower.  BTW, weekly data indicating this rally is far from ending ............................


Edited by redfoliage2, 24 March 2022 - 09:58 AM.


#109 12SPX

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Posted 24 March 2022 - 10:00 AM

I know thinking the same thing, options remaining pricey on the upside.  Now its looking like the Dow is getting weaker, a sideways we will go lol!!! 



#110 redfoliage2

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Posted 24 March 2022 - 10:31 AM

Nice to see it's the tech/semi sectors leading this pre-earnings rally.......................................................


Edited by redfoliage2, 24 March 2022 - 10:32 AM.