reopened 104.55
Closed
50 points profit
New CRUDE LONG position
104.64
Small position to start
BARRON'S 2nd-lowest % BULLS: "That is not a contrarian buy signal"
Started by
dTraderB
, Apr 23 2022 09:20 AM
462 replies to this topic
#441
dTraderB
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Posted 29 April 2022 - 01:52 PM
#442
redfoliage2
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Posted 29 April 2022 - 01:59 PM
Yesterday traders bought on the rumor of AAPL earnings and today they are selling on the news. It's getting more and more convincing that with the Fed reversing its monetary policy a re-visit by the market to the February low is bound to happen, just a matter of time. At this juncture bounces will be sold...............................
For next week let's see if the Feb. low SPX 4110 - 4115 will hold or not .............................
As NAZ has entered into a bear market I'd expect SPX to follow soon ...........................
Yesterday's VST rally has been totally reversed by now, indicating it was a fake move yesterday. I'd expect lower lows to come .......................
Edited by redfoliage2, 29 April 2022 - 02:01 PM.
#443
K Wave
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Posted 29 April 2022 - 02:08 PM
Apple under 159, Microsoft under 280 and Tesla under 880 at the close today could lead to brutal start to May....
If bulls are gonna pull out the big stick to save it, they had better do so real soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#444
kaiser soze
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Posted 29 April 2022 - 02:10 PM
Interesting to see defensives getting shellacked today.
XLP down 2.1 %
XLV down 2.1 %
XLU down 2.4 %
XLRE down 4.1%
No place to hide for longs !
#445
K Wave
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Posted 29 April 2022 - 02:14 PM
Barring a large rally into close, SOX looking a lot like failed floor recapture....
Big potential danger as long as below 3K now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#446
kaiser soze
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Posted 29 April 2022 - 02:15 PM
AMZN pinned to 2450 for the last 20 minutes, likely options related. TSLA pinned to 880 for the time being.
#447
kaiser soze
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Posted 29 April 2022 - 02:19 PM
I get a sense that options activity is taking over in these last 45 minutes. There are close to 18,000 puts at 316 strike on the Qs and another 21,000 puts at the 315 strike. Don't think market makers will be too happy to let QQQ close significantly below current levels.
#448
dTraderB
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Posted 29 April 2022 - 02:26 PM
Only 5 left!
Only 11 left!
UVXY now above 17!
Want to close all UVXY today if UVXY trades 18
Closed more
now holding 15
Closed a few more UVXY CALLS
now holding 19
#449
dTraderB
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Posted 29 April 2022 - 02:27 PM
Will close all 5 above 17.75
Only 5 left!
Only 11 left!
UVXY now above 17!
Want to close all UVXY today if UVXY trades 18
Closed more
now holding 15
Closed a few more UVXY CALLS
now holding 19
#450
kaiser soze
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Posted 29 April 2022 - 02:32 PM
QQQ at 315. Huge selling volume deadlocked against option pinning at strikes.
If it goes much lower, could lead to additional selling pressure to hedge deltas.
