Member
Posted 21 March 2022 - 09:03 AM
The market in ST extremely over-bought conditions, so a pullback is unavoidable ...............
BTW, expect crude to return to the highs as Russia-Ukraine talks getting nowhere with both sides insisting on their demands. I see this war is going to drag into May ......................
Edited by redfoliage2, 21 March 2022 - 09:09 AM.
Member
Posted 21 March 2022 - 09:17 AM
Just heard on Fox business news that Russia and Ukraine account for 12% of the worlds calories with crops for the world, wow!! An analyst said that in about 7 weeks food costs will be up another 7%. Very interesting.... The pop this morning was just a shorting and call selling opportunity for people, think the market is going to see a bit more downside yet and or for sure volatility is likely to kick up again. 10-year yield at 2.24% ya that means nothing lol, starting to be fun!!!
Member
Posted 21 March 2022 - 09:40 AM
Just heard on Fox business news that Russia and Ukraine account for 12% of the worlds calories with crops for the world, wow!! An analyst said that in about 7 weeks food costs will be up another 7%. Very interesting.... The pop this morning was just a shorting and call selling opportunity for people, think the market is going to see a bit more downside yet and or for sure volatility is likely to kick up again. 10-year yield at 2.24% ya that means nothing lol, starting to be fun!!!
They popped it up shortly after the open just to create a price-point to get out.................................
Edited by redfoliage2, 21 March 2022 - 09:44 AM.
Member
Posted 21 March 2022 - 10:27 AM
Exactly and was a great time to sell some more 4600 calls for an average now of $21 and add some 4700 calls for $10. I also did sell some more overall bringing my overall short to 4442 now. Be nice to get it to a nice even 4450 but we'll see.
Member
Posted 21 March 2022 - 11:38 AM
Well isn't that interesting, profit stop 4440 and will start building my short above....
Member
Posted 21 March 2022 - 11:48 AM
Ok there we go, out for 2 points and starting my rebuild at 4450. Market is not looking healthy I gotta say, call option prices are thinking the market is going much higher, a little pricey....
Member
Posted 21 March 2022 - 11:52 AM
Don't want to but profit stop 4449, sell right above....
Member
Posted 21 March 2022 - 11:56 AM
profit stop 4440, sell above
Member
Posted 21 March 2022 - 12:17 PM
Out at 4430 for a nice 20 point profit as I adjusted my profit stop. Will sell above....
Member
Posted 21 March 2022 - 12:41 PM
Edited by redfoliage2, 21 March 2022 - 12:45 PM.
