370 replies to this topic

[dTraderB]

I think it goes up, looks bullish,. rally could explode to ES 3800 by tomorrow if FOMO buying kicks in

 

Wow not much selling at the start but sentiment is extreme, options were extremely bent in one direction, bond yields are falling.  I would watch the 10 year close for clues of giving it all back and the Vix.  For now it looks like no one is believing in this rally and the market will give it up.  Could be possible but odds still favor more upside as we leave the dreaded October worry warts.  It's to bad people can't go back in time and relive 1987 with me, was an incredible time to buy and the volatility after was incredible.  Profit stop 3660 and even my Ndx trade, profit stop 11030....

[dTraderB]

GOOGL is my favorite tech stock - I could but and hold forever ... if GOOGL crashes then the TECH sector will be imploding 

 

As I said before, I have had my eye on Google in this area for clues..

 

Attempting liftoff from divergent test of 900 day....for bulls, does not get a lot better than this...

 

HUGE pivot now set on Google...as long it holds after earnings, bulls may have a nice bottom in place.

 

But if it does blow this pivot after earnings (or before), then bulls would likely have big problems.

 

[redfoliage2]

Let's see for how long this gap will hold.  I see it will get filled soon or later .....................

Edited by redfoliage2, 17 October 2022 - 09:18 AM.

[12SPX]

Ya don't think so but am debating buying back my 3850 call sell, nice profit there and in the 3500 puts.  The puts are down -$16 this morning showing me a very nice profit and the calls are only up a few so there's still a profit there to.  I have been loving selling the weekly options of late, premium decay at its finest!!  Think we'll start to see the stall around 3725 if we hold here as the day goes on.  My expiration cycle number first minimum is 4000 though but think that's way to far to go in 5 days but you never know in today's market lol!!!

[dTraderB]

No, not adding HEDGE SHORT

Am closing some LONGS, starting with SPY & QQQ CALLS opened on Friday

Will add 1 ES & 1 NQ HEDGE SHORT between ES 3695 & 3710 if traded

I wanted to close some LONGS and start winding down this big LONG position but I will wait at least until 2pm today

So, I will add a 3rd HEDGE if market trades in that range ... preferably above 3700

[12SPX]

I don't see any gaps on the daily except the fill at 3750 above and then 4050 way above...

[12SPX]

Taken out of my Ndx long trade for a profit of 37 points, hopefully get back in a little lower....

[12SPX]

Profit stop 3675...

[12SPX]

And out for a nice 66 point profit, see about buying a little lower, that 10-year yield is creeping up there although so far options are still neutral. 

[K Wave]

So far, no juice to get TLT back to red...

 

if it can get a foothold over 99.50, might finally turn the corner

 

below 99 still the danger zone....