Member
Posted 06 November 2022 - 05:40 PM
A tough week but finally the BULLS managed to defend the key ES 3700 level and then surged above the ES 3750-55 zone.
However, CHINA and rest of ASIAN markets could reverse the gains as the CHINESE GOVT was again confirming
they WILL NOT OPEN UP NOW!
In fact, they will KEEP THE COVID NET ZERO policy in place
US$ could again rise on this news.
There seems to be a majority who forecast a BULLISH post-midterm period
And, CPI on Thursday .....
Member
Posted 06 November 2022 - 05:43 PM
VOTE in Mark's POLL:
https://www.traders-...-monday-110722/
Let's see how the Board view this market
Member
Posted 06 November 2022 - 05:49 PM
I will dump AVAST antivirus because of their constant marketing crap.
Had to update WINDOWS and also AVAST today on all laptops. Servers next week. Still updating AVAST.
Member
Posted 06 November 2022 - 05:52 PM
Will be another volatile week, starting with ASIAN markets later.
Member
Posted 06 November 2022 - 05:54 PM
Holding above zero, back near to that potential reversal zone
Will be another volatile week, starting with ASIAN markets later.
This has all been said before, by lots of smart people, but it is worth repeating. Inverted yield curve episodes are followed by rising unemployment 100% of the time.
Member
Posted 06 November 2022 - 05:57 PM
Will be shorting HANG SENG & A50 if I trade the ASIAN markets tonight - but not going with the flow, whether up or down
Holding above zero, back near to that potential reversal zone
Will be another volatile week, starting with ASIAN markets later.
This has all been said before, by lots of smart people, but it is worth repeating. Inverted yield curve episodes are followed by rising unemployment 100% of the time.
Member
Posted 06 November 2022 - 09:10 PM
I will dump AVAST antivirus because of their constant marketing crap.
Had to update WINDOWS and also AVAST today on all laptops. Servers next week. Still updating AVAST.
Have a great weekend! On Oct 21, #ES_F broke out a 4 week inverse H&S at 3720 & rallied 200 points. This week, it back-tested perfectlyPlan next week: Looking for run to 3850, pullback, then break attempt to 3925.3720 must hold though, or leg to 3600 begins direct. Path below
BitDefender pretty quiet and fast. Been using it for years for same reason. AVG and Avast awful. McAfee and Norton unbearably slow.
And Windows Defender just by itself has improved dramatically over the years in effectiveness and performance hit, if you do not have the need for fancy options.
Edited by K Wave, 06 November 2022 - 09:10 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 06 November 2022 - 11:48 PM
A tough week but finally the BULLS managed to defend the key ES 3700 level and then surged above the ES 3750-55 zone.
However, CHINA and rest of ASIAN markets could reverse the gains as the CHINESE GOVT was again confirming
they WILL NOT OPEN UP NOW!
In fact, they will KEEP THE COVID NET ZERO policy in place
US$ could again rise on this news.
There seems to be a majority who forecast a BULLISH post-midterm period
And, CPI on Thursday .....
So pathetic, the market went up last Friday on the fake news that China was going to change its zero-COVID policy. Just another example of wishful thinking. Politically the Zero-COVID policy is likely to stay there for years to come ....................
Edited by redfoliage2, 06 November 2022 - 11:55 PM.
Member
Posted 07 November 2022 - 05:23 AM
Member
Posted 07 November 2022 - 06:43 AM
I am not comfortable with holding big long positions and with this rally.....
About 48% of the total profits are wiped away with hedges but this is a deliberate hedging strategy as I posted last week
I will close as many as possible - starting now - and hedge the remaining LONGS until all are closed.
Will keep TLT CALLS & UVXY CALLS and add to these positions if possible
