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BULLS Surge after defending ES 3700 - but CHINA dragging markets


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#11 12SPX

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Posted 07 November 2022 - 08:26 AM

Not surprised to see the market up this morning but glad its not to much,,,,,, just right lol!!  As long as bond yields remain around peak levels the market has a chance to rally a bit so we'll see how the day goes but I think the trend is more to the upside than downside as long as bond yields remain stable.  I'm sure market watchers would like to make something of the market and I still believe we are nearer peak bond rates with the Fed than not.  The most important thing is puts are still very expensive so that also points to an up market lol!!  Still holding my longs at 3720 and 10720.  Going to put my profit stops at 3750 and 10800 for the cash open.  Want to keep them wide to let the market run a bit....



#12 K Wave

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Posted 07 November 2022 - 10:40 AM

Battle for Rusty 1800 rages on.....

 

May not get fully decided until late Tuesday night....

 

Content to keep scalping in the meantime.

 

TSLA slippin' to 1 handle...could be early warning if that 200 floor not recovered.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#13 dTraderB

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Posted 07 November 2022 - 12:57 PM

Difficult but I am holding to about 25% of my aapl, googl, meta, and amzn stocks.
Just cannot sell these at such low levels... but I prefer to sell most & keep about 25%.

I am sure now that I closed most longs the markets will rally 5% minimum.

But, I prefer to be convinced of a bullish bias and buy a bit higher than in current market situation.

#14 dTraderB

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Posted 07 November 2022 - 02:06 PM

Closed a few .... will hold remaining  GOOGL and AMZN but close all AAPL and META

 

Difficult but I am holding to about 25% of my aapl, googl, meta, and amzn stocks.
Just cannot sell these at such low levels... but I prefer to sell most & keep about 25%.

I am sure now that I closed most longs the markets will rally 5% minimum.

But, I prefer to be convinced of a bullish bias and buy a bit higher than in current market situation.



#15 12SPX

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Posted 07 November 2022 - 02:19 PM

profit stop 3800, 10950



#16 12SPX

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Posted 07 November 2022 - 02:30 PM

Okay, flipped to building a short at 3810, profit of 90 points on my long.  Also took profits on my ndx trade for 276 points.  Would like to see a bit of a pullback to go long again.....



#17 dTraderB

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Posted 07 November 2022 - 02:42 PM

AAPL is a great stock!  Just sold all longs including those bought from very early today... 

Also sold META  -- potentially bearish news possible soon

 

Holding GOOGL and AMAZON ...  unless they rocket above recent highs

 

 

Closed a few .... will hold remaining  GOOGL and AMZN but close all AAPL and META

 

Difficult but I am holding to about 25% of my aapl, googl, meta, and amzn stocks.
Just cannot sell these at such low levels... but I prefer to sell most & keep about 25%.

I am sure now that I closed most longs the markets will rally 5% minimum.

But, I prefer to be convinced of a bullish bias and buy a bit higher than in current market situation.

 



#18 12SPX

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Posted 07 November 2022 - 03:44 PM

Man I hate shovelling snow, anyhow now my average short is 3815, gonna be fun overnight...



#19 K Wave

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Posted 07 November 2022 - 11:41 PM

Hmmm..Bitcoin just got hit hard...back below 20K


Edited by K Wave, 07 November 2022 - 11:42 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

 

 


#20 12SPX

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Posted 08 November 2022 - 08:27 AM

Yes that may be a warning for the market, seems to lead the stock market a little lately k.  Was an interesting night as I took a 3 point profit on my short and before bed set a bunch of rogue trades at 3815,20 and 30 giving me an average short of 3821 but at the same time because I think tech is so low I started a long build on the ndx at 10,990.  Both trades unofficial as I didn't post on here but 23 mths in I think its okay.  Putting a profit stop on my ndx trade at 11,000 for the cash open but so far were neutral on the ES.  Think its all about the grind now till year end with an upward bias especially with sentiment so negative still and people calling for crashes.  If bonds were really to start to rally I think stocks would take off but as long as interest rates stay stable I think were in a traders market right now also.  For now adding to my short as I just did to bring my average to 3823.