Might as well make it a nice even 50 point profit day, profit stop 3940....
September LOWS beckon, Winter of Misery & Cold BUT the Sun will shine again
Started by
dTraderB
, Sep 02 2022 01:02 PM
147 replies to this topic
#102
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 07 September 2022 - 12:40 PM
Ultra Watch seems like a step above. Might even convince me to get a smartwatch.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#103
dTraderB
-
- Traders-Talk User
- 17,711 posts
Member
Posted 07 September 2022 - 12:44 PM
Congratulations.. to the young couple! .. and the presenter of the toast!
Good morning, wedding day, anyone know any good wedding toasts for a young couple lol??
Made 10 points on my long yesterday and was in long again at 3890 overnight and again with a profit stop of 3900 for today. Love rinse and repeat and the market in grind mode. Agree with d it does need a bounce but all eyes on bonds to see where we should be headed I think!!!
#104
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 07 September 2022 - 12:45 PM
SP 3900..this is where bulls pretty much need to bounce it...
Failure to do so would open the trap door to much lower prices.
It may stay in the range 3900 - 4000 till CPI is out ........................
ST the market is in extremely oversold conditions. If the 3900 support holds SPX may go to back to test the 50 ma at 4020 before/after CPI data out next week ...........................
If 3900 does go by bye, will start to look even more like Urgent Selling mode than it does now....
It looks that market operators have decided 3900 must hold. ST let's see what the CPI data will bring next week. I'd not be surprised to see a short squeeze before/after CPI next week ............................
It looks the squeeze has started. I see SPX 50 ma 4020 to be back tested .........................
Edited by redfoliage2, 07 September 2022 - 12:46 PM.
#105
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 07 September 2022 - 01:11 PM
How many more Yen is the BOJ going to light on fire before they cave????
They have to getting close....when they do, rates should EXPLODE in Japan...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#106
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 07 September 2022 - 01:13 PM
Just waiting to head out for the celebration to start so this has been a great day so far, might as well round it up to 3950 for a profit stop and close the computer for the day!!!
#107
beta
-
- TT Patron+
- 4,093 posts
lasergirl
Posted 07 September 2022 - 01:14 PM
I've got QQQ 305 as the near-term target.
Above 308 it could run to 322.
"Daytrading -- An Extreme Sport !"
#108
beta
-
- TT Patron+
- 4,093 posts
lasergirl
Posted 07 September 2022 - 01:15 PM
Just waiting to head out for the celebration to start so this has been a great day so far, might as well round it up to 3950 for a profit stop and close the computer for the day!!!
Arent you supposed to be at a wedding -? 
"Daytrading -- An Extreme Sport !"
#109
dTraderB
-
- Traders-Talk User
- 17,711 posts
Member
Posted 07 September 2022 - 01:15 PM
Above 145 is the MAX PAIN LEVEL .. both BOJ & FED will but YEN by the billions... FED will want to buy YEN at such a low price and make a few billions profit immediately.
How many more Yen is the BOJ going to light on fire before they cave????
They have to getting close....when they do, rates should EXPLODE in Japan...
#110
dTraderB
-
- Traders-Talk User
- 17,711 posts
Member
Posted 07 September 2022 - 01:31 PM
290 points profits at this point in first NQ HEDGE LONG
Will add at least another 8 QQQ and SPY PUTS above ES 3970 & NQ 12250 (market slightly above those levels now but waiting for this 1-m rally to end)
