116 replies to this topic

[dTraderB]

Will continue buying UVXY CALLS .... 

HOLDING TLT CALLS ... but may close a few 

Will add more SPY & QQQ PUTS,   only 5 so far near the end of the day, gradually

 

NO ES not NQ HEDGE LONG, maybe not until next week after a bigger SHORT position

 

Focusing on NQ DAYTRADING on last trading day of month 

 

 

Markets down from high yesterday... still, I expect a rally to about 4250-4300 ES

 

I may reopen QQQ & SPY CALL positions.... but this will be HIT & RUN trading, with focus on daytrading, and start a new  BIG PUT POSITION if market trades above ES 4150

 

Holding big TLT CALL position, building UVXY CALL position as market rallies

focusing on NQ daytrading to add a % or two or more to NET ACCOUNT gains for JULY 

[redfoliage2]

Starting today it's the time to sell into bounces .......................

[redfoliage2]

Breadth indicating big players are selling since late yesterday .................

[K Wave]

watching Apple and TSLA up here closely.

 

If they both do not roll back over soon, especially Apple, then possible creek jump over significant resistance there.

 

Give them a day to top out, but if Apple not back below 158 by tomorrow and TSLA not back under 840, then may have mis-judged strength of this rally.

 

TSLA hitting my upside target now, so now we see if it rolls or not.

[K Wave]

Something along these lines is still what I am thinking may happen...Qs have come right into the sweet spot...but now they need to start the pull back soon.

 

[redfoliage2]

This is a sell with 95% probability  .....................

Edited by redfoliage2, 29 July 2022 - 09:37 AM.

[K Wave]

pretty astonishing...AAPL with 2% growth and yet price to sales near 7 and Price to Book in the high 30s

 

One day it should come back to reality...

[redfoliage2]

This is a sell with 95% probability  .....................

How low will it go?  I expect eventually a lower low in Sept. - Oct.  The market will get serious liquidity problems as Powell reiterated at the press conference the Fed will go in full strength starting Sept 1 to reduce its balance sheet regardless inflation or Not.  In reality this bear market is far from the end ........................ 

Edited by redfoliage2, 29 July 2022 - 10:11 AM.

[redfoliage2]

BTW, I'm selling ES OTM calls and buying OTM puts .......................

Edited by redfoliage2, 29 July 2022 - 10:28 AM.

[redfoliage2]

 

This is a sell with 95% probability  .....................

How low will it go?  I expect eventually a lower low in Sept. - Oct.  The market will get serious liquidity problems as Powell reiterated at the press conference the Fed will go in full strength starting Sept 1 to reduce its balance sheet regardless inflation or Not.  In reality this bear market is far from the end ........................ 

 

For today I see likely more selling late in the day ...................