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RALLY Potential top ES 4100-50, down again


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#41 dTraderB

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Posted 31 October 2022 - 02:33 PM

New positions for next month or two but a month is now a VERY LONG TIME in these markets

META now down 6 today to 93.17

GOOGL

AMZN

holding in apple for now.. CHINA situation unsettled

 

Will open new QQQ & SPY PUTS positions above ES 3910 if traded

 

UVXY CALLS 

 

other stocks beaten down but with good prospects 

 

short  USD/YEN 



#42 dTraderB

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Posted 31 October 2022 - 02:36 PM

YEAH, the Chinese will not allow it to crash...  but allow weak hands to be flushed out now for FAVORED ONES to get a good entry

 

It is a fixed market, State intervention etc but I wait for extremes such as current huge drop 

 

I will risk LONGS in HANG SENG & A 50... prefer to focus on these two and maybe a few Chinese  stocks

 

 

 

Exciting night in Brazil and also in Chinese markets

 

Building SHORT position in HANG SENG and A50 -- both opened down

 

Want to gradually add to create BIG short positions in both

Unless you expect China to completely blow up, we should be at lows or at least get some rebound.

 



#43 dTraderB

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Posted 31 October 2022 - 02:41 PM

Almost totally focused in NQ daytrading on this final day of October ... and new positions in ASIAN market since Friday 

I should finish today with a very small profit, now at 0.18% .... end a Great October, difficult at times, but seasonality was again almost correct in October 2022 and will be an average green month. 

 

They SAY NOV to JAN is the best period for the markets... let us prove them RIGHT!



#44 dTraderB

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Posted 31 October 2022 - 03:12 PM

Maybe a day of BASING after the rapid rise recently... or most are staying out of the market until after the FED meeting 

 

For those keeping score at home, the recent strong breadth was not quite enough to produce a Zweig Breadth Thrust signal. To get one, a 10EMA of Advances divided by Adv+Decl must go from below 0.4 to above 0.615 within 10TD. Time has run out, and it did not quite make it.


#45 dTraderB

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Posted 31 October 2022 - 09:17 PM

VIOLENT BULLISH REVERSAL IN HANG SENG AND A50 '''

 

CLOSED ALL LONGS

 

WELL REOPEN LOWER



#46 12SPX

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Posted 01 November 2022 - 06:42 AM

Market remains all about interest rates and as they are down the market is up.  Profit stops on my long from 3885 have held and so I have put on new ones at 3905 now for the cash open.  Looking at it and it doesn't seem that far up at all so the grind continues.  Think this will continue as long as bond yields remain lower but if we test recent highs volatility will likely increase.  Guess we'll know by Wednesday afternoon what's going to happen, until then enjoy the grind!!! 



#47 dTraderB

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Posted 01 November 2022 - 08:14 AM

High profit HSI & A50 trade to start November. 

Will start new SPY & QQQ PUT position above SPY 392   & QQQ 288



#48 12SPX

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Posted 01 November 2022 - 08:27 AM

Very quiet err grind market this morning see how the cash open goes but an interesting development in call options suddenly moving up getting a little pricey which isn't a good thing!!!  See if things settle down coming up might need to flip to a short in bit!!



#49 12SPX

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Posted 01 November 2022 - 08:44 AM

profit stop 3910



#50 12SPX

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Posted 01 November 2022 - 08:47 AM

And out for a 25 point profit, look to buy lower likely....