Looks like people don't like the number, average long drops quick to 4034 lol!!
So how many long contracts do you now have on, if I may ask?
Thanks, gis
Posted 10 June 2022 - 07:42 AM
Looks like people don't like the number, average long drops quick to 4034 lol!!
Posted 10 June 2022 - 07:46 AM
Amazingly, both TLT & UVXY are up after report; also USD YEN spiked and then dropped....
3 profitable trends for me this morning
Will HOLD ALL LONGS, add HEDGE SHORTS, roll remaining NQ HEDGE SHORT
ADD LONGS - mainly QQQ & SPY CALLS
Will start closing UVXY CALLS
Will HOLD ALL TLT CALLS
Will open ES & NQ HEDGE SHORTS
Basically, I want to be LONG on this plunge, add more LONGS as it declines, hedge but not as much as I normally --- will add more hedge short above ES 4K or lower if it crashes and I add more LONGS
Closed ES HEDGE SHORT on this plunge!
Will reopen later
Holding 1 NQ HEDGE SHORT
RISK ON on this plunge, WILL ADD MORE LONGS
Posted 10 June 2022 - 07:57 AM
buying ETFs -- IWM, XLF, INDA, also tech stocks, maybe BAC,
Amazingly, both TLT & UVXY are up after report; also USD YEN spiked and then dropped....
3 profitable trends for me this morning
Will HOLD ALL LONGS, add HEDGE SHORTS, roll remaining NQ HEDGE SHORT
ADD LONGS - mainly QQQ & SPY CALLS
Will start closing UVXY CALLS
Will HOLD ALL TLT CALLS
Will open ES & NQ HEDGE SHORTS
Basically, I want to be LONG on this plunge, add more LONGS as it declines, hedge but not as much as I normally --- will add more hedge short above ES 4K or lower if it crashes and I add more LONGS
Closed ES HEDGE SHORT on this plunge!
Will reopen later
Holding 1 NQ HEDGE SHORT
RISK ON on this plunge, WILL ADD MORE LONGS
Posted 10 June 2022 - 07:58 AM
amzn ....
buying ETFs -- IWM, XLF, INDA, also tech stocks, maybe BAC,
Amazingly, both TLT & UVXY are up after report; also USD YEN spiked and then dropped....
3 profitable trends for me this morning
Will HOLD ALL LONGS, add HEDGE SHORTS, roll remaining NQ HEDGE SHORT
ADD LONGS - mainly QQQ & SPY CALLS
Will start closing UVXY CALLS
Will HOLD ALL TLT CALLS
Will open ES & NQ HEDGE SHORTS
Basically, I want to be LONG on this plunge, add more LONGS as it declines, hedge but not as much as I normally --- will add more hedge short above ES 4K or lower if it crashes and I add more LONGS
Closed ES HEDGE SHORT on this plunge!
Will reopen later
Holding 1 NQ HEDGE SHORT
RISK ON on this plunge, WILL ADD MORE LONGS
Posted 10 June 2022 - 08:00 AM
Peak fear, peak yield, peak hawkishness -- now and next few days, time for me to BUY
amzn ....
buying ETFs -- IWM, XLF, INDA, also tech stocks, maybe BAC,
Amazingly, both TLT & UVXY are up after report; also USD YEN spiked and then dropped....
3 profitable trends for me this morning
Will HOLD ALL LONGS, add HEDGE SHORTS, roll remaining NQ HEDGE SHORT
ADD LONGS - mainly QQQ & SPY CALLS
Will start closing UVXY CALLS
Will HOLD ALL TLT CALLS
Will open ES & NQ HEDGE SHORTS
Basically, I want to be LONG on this plunge, add more LONGS as it declines, hedge but not as much as I normally --- will add more hedge short above ES 4K or lower if it crashes and I add more LONGS
Closed ES HEDGE SHORT on this plunge!
Will reopen later
Holding 1 NQ HEDGE SHORT
RISK ON on this plunge, WILL ADD MORE LONGS
Posted 10 June 2022 - 08:04 AM
Looks like people don't like the number, average long drops quick to 4034 lol!!
So how many long contracts do you now have on, if I may ask?
Thanks, gis
Oh my that's far to personal. I've been trading this market for 40 years so do have lots of reserves though lol! My longest hold was short back in December, think it took 2.5 weeks to take profits adding a little everyday. Pretty to calculate though, start a long or short then add cuts it in half etc etc. Way easier to add to longs going down as its faster lol!! Sometimes I add more at different spots to bring it down more. An inflation report is not going to crash the market. We are in a grind grind grind, volatile market. The S&P could get down to 3500 through this but don't think it will be a straight line. Scarier thing is for the shorts as buy programs can burn them badly here. This is the best time for selling premium on options as the market is so volatile both ways and I predict its going to be like this for at least another 5 years as the everything bubble is deflated!!! Average long 4026....
Posted 10 June 2022 - 08:06 AM
Sell on the rumor done. Now buy on the news. That's it for this CPI plunge. So time to sell OTM puts. Just sold some ES July OTM puts....................
Edited by redfoliage2, 10 June 2022 - 08:14 AM.
Posted 10 June 2022 - 08:20 AM
Couldn't resist, average long now 4020, don't have a problem holding for over the weekend if I have to. Key to the market is how the bond market moves, this has nothing to do with what the Fed is going to do as they are trapped now anyhow.....
Posted 10 June 2022 - 08:29 AM
will be closing some or all UVXY CALLS
Asap ...
Posted 10 June 2022 - 08:36 AM
Well there's a big gap down on the cash S&P I wonder when that 4017 level will be filled on the daily.....