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BULLS Surge after defending ES 3700 - but CHINA dragging markets


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#201 12SPX

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Posted 11 November 2022 - 08:43 AM

Slow start this morning, its a holiday up here for Remembrance day.  Market was a little stronger than expected yesterday but great for trading at the end of the day and overnight.  Brought my short up to 3967.  Would far rather be long here as I've said but that was a bit of a one day wonder in this grind market.  Will see where we are at the end of the day as call options are insanely priced so wouldn't be surprised to see some type of a pullback here. 



#202 dTraderB

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Posted 11 November 2022 - 08:50 AM

Not feeling excited about trading today -- RISK ON day

Focus on daytrading, TLT & UVXY CALLS

Holding a few QQQ PUTS

will add if QQQ rallies at least 5 points today  - may close if QQQ falls more than 5 points today

 

Great week, two losing days & rest profitable. 

 



#203 dTraderB

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Posted 11 November 2022 - 09:01 AM

This is HUGE! very bullish for Chinese markets

 
Southern Chinese cities of Guangzhou and Sanya adjust quarantine times for close contacts of COVID cases with immediate effect. Guangzhou and Sanya stop tracing 'secondary contacts' and immediately release 'secondary contacts' from quarantine.
Quote Tweet
 
 
 
 
 
 
XYefJVjh_mini.jpg@Sino_Market
·
8h
#China #COVID rules adjustment: *Shorten quarantine requirement for close contacts to 8 days vs 10 days before (5+3 vs 7+3); *Will identify close contacts only, and no longer identify close contacts of close contacts; *Cancel circuit breaker mechanism for inbound flights; 1/n)


#204 12SPX

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Posted 11 November 2022 - 09:32 AM

profit stop 3965, sell above



#205 12SPX

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Posted 11 November 2022 - 09:36 AM

Out for a 2 point profit.  Might just sit back for awhile, I'm exhausted actually from jamming last night and its been a great week!!! 



#206 12SPX

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Posted 11 November 2022 - 09:53 AM

Can't help myself starting a short build at 3975, seriously cannot believe these call prices wow!!! 



#207 dTraderB

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Posted 11 November 2022 - 09:54 AM

Closed QQQ PUTS on that mini plunge

now waiting to reopen....



#208 dTraderB

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Posted 11 November 2022 - 09:55 AM

Will daytrade QQQ options today

also NQ 

nothing else  - except buy more UVXY CALLS



#209 12SPX

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Posted 11 November 2022 - 09:57 AM

profit stop 3974, sell above...



#210 K Wave

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Posted 11 November 2022 - 10:06 AM

reasonably likely Rusty has 1900  in the tank for this blast leg...then we see...


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