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The Elusive BOTTOM - bulls floundering as QT begins


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#261 12SPX

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Posted 10 June 2022 - 02:28 PM

whoops just noticed I said my 3800 put was a short, its actually sold average now $23 but you knew that from my original post.  Interesting though, already showing a profit, feel good friday seems to be kicking in a bit!! 



#262 redfoliage2

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Posted 10 June 2022 - 02:34 PM

 

 

Yep.  What a distorted reaction to the CPI data.  The data must have been leaked out yesterday with distorted interpretation to create a down momentum.  But the facts - Core CPI MOM unchanged, Core CPI YOY actually dropped from 6.2% to 6.0%.   So the data still pointing to a peaking inflation.  The market just got a distorted reaction, but the Fed will not...........................

I see a back test to SPX 4000 early next week before the Fed meeting ............................

 

Let's get today's gap filled Monday, or just jump over it.

 

Let's first get SPX 3950 recovered by the close, that's the line for the 61.8% retracement from the recent high.................


Edited by redfoliage2, 10 June 2022 - 02:42 PM.


#263 dTraderB

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Posted 10 June 2022 - 03:37 PM

A knockout pair of punches on Thursday & Fridays floored the BULLS! 

 

Sorry, BULLS, but it comes with trading ... especially with newbie dipbuyers fueling unsustainable rallies. 

 

I have built up one of my largest LONG positions for 2022, could be the 3rd or 4th largest.

Was down 1.3% today on the account, and may be down the same or more on Monday as market try to shed the load from the FED's calamitous errors! 

But, this is a great opportunity for me & I am not wasting it

 

Record NQ daytrading, huge HEDGE profits, also good profits in UVXY CALLS, and even a few $$ from the UVXY PUTs opened late. TLT was green but dropped ...

 

Largest LONG positions:

78 SPY CALLS

85 QQQ CALLS 

 

3 ES HEDGE SHORT

2 NQ HEDGE SHORT

I prefer not to open HEDGE SHORT today but when markets rallied late in the session I decided to add these.

 

Also opened several other ETFs and stock CALLS,  7 UVXY PUTS

 

I look forward to next week, could be one of the best for 2022. 



#264 dTraderB

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Posted 10 June 2022 - 03:40 PM

Those CALLS bought  earlier in the week, before THURSDAY, were hammered!  

Looking at some of them now......... a few down by more than 60% 

But, they have a long shelf life -- until SEP expiration 

 

A knockout pair of punches on Thursday & Fridays floored the BULLS! 

 

Sorry, BULLS, but it comes with trading ... especially with newbie dipbuyers fueling unsustainable rallies. 

 

I have built up one of my largest LONG positions for 2022, could be the 3rd or 4th largest.

Was down 1.3% today on the account, and may be down the same or more on Monday as market try to shed the load from the FED's calamitous errors! 

But, this is a great opportunity for me & I am not wasting it

 

Record NQ daytrading, huge HEDGE profits, also good profits in UVXY CALLS, and even a few $$ from the UVXY PUTs opened late. TLT was green but dropped ...

 

Largest LONG positions:

78 SPY CALLS

85 QQQ CALLS 

 

3 ES HEDGE SHORT

2 NQ HEDGE SHORT

I prefer not to open HEDGE SHORT today but when markets rallied late in the session I decided to add these.

 

Also opened several other ETFs and stock CALLS,  7 UVXY PUTS

 

I look forward to next week, could be one of the best for 2022.