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UP ES 4250-4300 then big AUGUSTG REVERSAL


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#1 dTraderB

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Posted 31 July 2022 - 04:43 PM

My FF is slight dip, ES 4250 to 4300 high. could be another % or two higher, then start of even more  volatile period with a BOG REVERSAL into End of August and into September

NET SHORT now, relatively small position, will build as rally continues 



#2 andr99

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Posted 01 August 2022 - 06:27 AM

I couldn' t agree more....

 

BTW I had 4100-4200 spx, but probably it will be surpassed a bit 


Edited by andr99, 01 August 2022 - 06:27 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#3 dTraderB

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Posted 01 August 2022 - 08:56 AM

busy Sunday night & Monday morning trading

 

Opened ES & NQ HEDGE LONG on that quick drop 

WILL add to TESLA PUTS

and UVXY CALLS 

add QQQ & SPY PUTS above Friday's high

 

...busy



#4 dTraderB

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Posted 01 August 2022 - 08:59 AM

note this spike up on Friday into extreme levels 

 

McClellanOsc_1352.gif

 

https://www.mcoscill...t_breadth_data/



#5 dTraderB

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Posted 01 August 2022 - 09:22 AM

I prefer to be short at least until this "CRISIS" is over...

 

Nancy Pelosi to Visit Taiwan Despite Warnings from China
U.S. House speaker plans meetings with Taipei officials, raising prospect of increased tensions with Beijing

https://www.wsj.com/...wan-11659358264



#6 redfoliage2

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Posted 01 August 2022 - 01:10 PM

I also bought some TSLA puts - the highly inflated TSLA stock is likely to go down 10% and its factory in Shanghai may get problems in the case a war erupts there as rumor going around that Chinese military is planning for .....................


Edited by redfoliage2, 01 August 2022 - 01:20 PM.


#7 dTraderB

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Posted 01 August 2022 - 01:21 PM

TLT UP 2... will close at least 10 CALLS



#8 dTraderB

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Posted 01 August 2022 - 01:22 PM

It is my HIGH RISK TRADE so I paid a bit more for OCT expiry -- basically the market will be down sometime between now and October expiry and TESLA will be down from insanely high levels when the general market is down

 

 

I also bought some TSLA puts - the highly inflated TSLA stock is likely to go down 10% and its factory in Shanghai may get problems in the case a war erupts there as rumor going around that Chinese military is planning for .....................



#9 redfoliage2

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Posted 01 August 2022 - 01:41 PM

The overnight futures market going to be volatile, l bet a gap down for tomorrow ......................


Edited by redfoliage2, 01 August 2022 - 01:44 PM.


#10 dTraderB

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Posted 01 August 2022 - 03:44 PM

TLT traded above 120 today, first time since late APRIL! 

 

I closed CALLS throughout the day as I cut my position to 26. All of these are green.... will close more if it trades above 122 but most likely it will pullback to about 116 or lower -- and I will ADD MORE CALLS. 

 

My FF remains the same as it was in the first post in this thread: drift down below ES 4100 and then rebound to about ES 4250/4300 and then drop below ES 3800

 

As we all know, August can be quite challenging... slow at times, low range, low volatility but I expect AUGUST 2022 to be a far more volatile and actively traded.

 

I will hold my 1 ES & NQ HEDGE LONG while continuing to be net short, mainly  SPY, QQQ, TESLA PUTS, UVXY CALLS