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JULY Bull Run -- New 2022 Lows ahead


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#21 redfoliage2

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Posted 18 July 2022 - 11:48 AM

Of course if bulls are able to make a breakout at the immediate resistance you will have 100 SPX points to the upside ................



#22 12SPX

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Posted 18 July 2022 - 11:52 AM

darn ok, now I'll look for a short lol!  Always easy to say"but if it does this....."  Make a call and stick with it right or wrong.....



#23 redfoliage2

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Posted 18 July 2022 - 12:49 PM

Bulls failed today and bears regained the control of the market.  It was a fake "rally" based on disinformation anyway.  Time to sell calls and load some puts.......................


Edited by redfoliage2, 18 July 2022 - 12:59 PM.


#24 12SPX

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Posted 18 July 2022 - 01:18 PM

Or better yet, sell calls and puts in this grind grind grind market.  Couldn't resist, started a long build at 3860....



#25 dTraderB

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Posted 18 July 2022 - 07:46 PM

SELLING options seem to be the best way to trade this market. or, ST and VST trading. 

I have not seen such big INTRA DAY moves since.... maybe never before! 

 

Or better yet, sell calls and puts in this grind grind grind market.  Couldn't resist, started a long build at 3860....



#26 dTraderB

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Posted 18 July 2022 - 07:54 PM

I may have overtraded today and could have made more profit but these markets are not just volatile but insane!  So, I tried both ST and VERY ST trades... worked out well but I could have gotten the same profits or more with at least 25% less trades.  Easy to analyse after ....

 

On this SPLIT/ADJUSTMENT day for GOOG I started a new LONG position. Not touching APPLE, as yet. Will start new LONG below 130 if traded. Or new SHORT above 165 sometime in the future.

 

COPPER still too high so will wait on that LONG trade if and when it drops by another 1.1 or more

Not trading ENERGY markets, too political. Will SHORT USD/JPY above 

Close a few SPY and QQQ CALLS - now holding 35 SPY and 28 QQQ with 2 ES & 2 NQ HEDGE SHORT; those were good HEDGES opened with SELL LIMIT orders during vacation;  added UVXY PUTS late in the session, added a few TLT CALLS. 

No trades in INDA, XLF, IWM, or any banks today. 

 

I think today's reversal down after the APPLE news could continue for a day or two BUT I STILL THINK THE MARKETS will bounce to at least ES 4K before resuming decline



#27 dTraderB

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Posted 18 July 2022 - 08:38 PM

Want to add to existing IWM position below 165 if and when traded

 

 
$IWM This thing loves bear flagging into the cloud and breaking down lower Will this time be different? 170 is a major pivot on this one. If we firmly close below, expecting a rather quick move through the volume gap to 158


#28 dTraderB

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Posted 18 July 2022 - 08:42 PM

71 days in a row of more new lows than new highs on NASDAQ. Matches the Dec 2008 peak with a chance for the record tomorrow.


#29 dTraderB

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Posted 18 July 2022 - 08:47 PM

It was actually UP today!  from 45 to 54 

 

McC OSC 54 . 604 85810 PRIOR McC OSC 45 . 337 5013

 

McClellanOsc_1343.gif



#30 dTraderB

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Posted 18 July 2022 - 08:50 PM

BUT DOWN for SPX & UP for NASDAQ

https://www.marketin...llan-oscillator

 

 

It was actually UP today!  from 45 to 54 

 

McC OSC 54 . 604 85810 PRIOR McC OSC 45 . 337 5013

 

McClellanOsc_1343.gif