Trimming a few longs, but maintaining NET LONG with HEDGES, today & next week, should add another 0.5 to 1% to net account today.
Playing it safe.... but trying to maintain NET LONG with lower risk
ST BOUNCE, then LOWER LOWS
Started by
dTraderB
, Jun 12 2022 05:56 PM
203 replies to this topic
#181
dTraderB
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Posted 17 June 2022 - 09:00 AM
#182
dTraderB
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Posted 17 June 2022 - 09:02 AM
wow! dissent in the FED, rumors before but confirmed by at least one!
FED'S GEORGE: I DISSENTED AGAINST 75 BASIS POINT RATE HIKE BECAUSE I VIEWED THAT MOVE AS ADDING TO POLICY UNCERTAINTY SIMULTANEOUS WITH THE START OF BALANCE SHEET RUNOFF.
#183
K Wave
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Posted 17 June 2022 - 09:17 AM
And just like that 15% deflation in gasoline...
Now we see about 110 on Crude after the pic perfect head bump at 116
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#184
K Wave
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Posted 17 June 2022 - 09:24 AM
TSLA looking like another trip under 640 might start some trouble...
see what happens dead ahead here
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#185
K Wave
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Posted 17 June 2022 - 09:28 AM
Trannies fresh Bear market lows...that 900 still beckons....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#186
dTraderB
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Posted 17 June 2022 - 09:29 AM
Lower low today, 2022 LOW highly probable, ES 3500 handle also highly probable
unless the PPT 2022 version et al rescue this market
keeping it tight, trying to limit losses, maintaining hedges
#187
K Wave
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Posted 17 June 2022 - 09:30 AM
See if BTC holds 20K again....if not, nothing really until 12K or so
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#188
K Wave
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Posted 17 June 2022 - 09:43 AM
VIX still lurking just below the eruption level....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#189
K Wave
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Posted 17 June 2022 - 09:47 AM
Could the carnage in Energy spark a Friday turn around?
Or gonna be a sell everything day???
May get some indications pretty soon here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#190
12SPX
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Posted 17 June 2022 - 09:48 AM
The dissent is going to grow however I'm willing to bet by next month inflation will be down even more. It's not about the money supply its about delivery and price control in my view. I think interest rates are already nearing their top unless of course the Fed and government do really want to see a depression. Although in the end maybe they do the way its going as I've said from the start of the year as the market has now shifted to a different period of trading for the longer term, grinding up, down and all around that could last at least up to 5 years. In the long run according to my system, the market could possibly be cut in half before a bottom is found but it won't be by next week sorry, there will be lots of rallies inbetween and will take at least another year if not more. This has just been the first part of it. Either way, this is why I mainly enjoy selling option premium because I don't need to worry about the exact direction of the market if we do see it all reversed.
