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Seasonally bullish week BUT Bears ready to pounce!


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#11 K Wave

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Posted 21 November 2022 - 11:57 AM

Apple with first flinch at 150....but 145 is the Big Kahuna level


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

 

 


#12 K Wave

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Posted 21 November 2022 - 11:57 AM

UNH...bear pace quickens a bit...now 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

 

 


#13 K Wave

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Posted 21 November 2022 - 11:59 AM

Watch that 15 min line on all hours Dow...Rising Wedge breaks can be vicious

 

dow.png


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

 

 


#14 K Wave

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Posted 21 November 2022 - 12:28 PM

XRT probably just about decision time...if bulls can continue to hold, could be significant victory...

 

XRT.png


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

 

 


#15 K Wave

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Posted 21 November 2022 - 12:31 PM

watch out for CONTAGION in cypto space.

 

Binance at the cliff edge here...

 

And Revolver out with article essentially saying Tether is run by a bunch of scammers...

FTX trying to hide creditor list....


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

 

 


#16 K Wave

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Posted 21 November 2022 - 01:10 PM

Dow hold at 33600 another big pivot.

 

could still have one last leg up for a bit as long as it continues to hold.


Edited by K Wave, 21 November 2022 - 01:15 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

 

 


#17 redfoliage2

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Posted 21 November 2022 - 04:16 PM

 

Apparently, ODTE options trading is the culprit for recent insane intraday market behavior

 

I have been reading about it  and I am getting more and more interested ... could start trading it 

 

BTW, ODTE is the acronym for ZERO DAYS TO EXPIRY - especially the new SPX which now expire every DAY!

 

Anyone trading this can let us know their experience

 

This ODTE insanity is responsible for wild movements, extreme volatility, unusual VIX values, and apparently losses in the SPX trading community. 

ZERO DAYS TO EXPIRY is just like playing a slot machine in a casino in terms of winning.  Unless you are an insider and know something going to happen on the day the chance to win is very small,  But the chance for the money you put will be gone quickly as it has almost no intrinsic value, just  time premium durable for only a few hours.  It's just for insider traders to make huge profit  ..........

 

The US stock market is in holiday mode, very low volumes today.  Maybe traders are just piling on the ODTE options, LOL .....................


Edited by redfoliage2, 21 November 2022 - 04:20 PM.


#18 dTraderB

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Posted 21 November 2022 - 07:19 PM

New ARKK CALL position started, 10
Will add more
This is my HIGH RISK trade.

New GOOGL stock LONG position
New AMZN stock LONG position

Will add more if market continues to drop

#19 dTraderB

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Posted 21 November 2022 - 07:23 PM

Below 20?
I think it may sink to near the GM stock price

xTrends (@xtrends) tweeted at 7:08 pm on Mon, Nov 21, 2022:

My 12 month target for $TSLA is $17 (seventeen)

#20 dTraderB

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Posted 21 November 2022 - 07:25 PM


xTrends (@xtrends) tweeted at 6:07 pm on Mon, Nov 21, 2022:
Based on recent data, I am updating my 12 month target for SPX

Here comes 1730

Below 20?
I think it may sink to near the GM stock price

xTrends (@xtrends) tweeted at 7:08 pm on Mon, Nov 21, 2022:

My 12 month target for $TSLA is $17 (seventeen)