177 replies to this topic

[dTraderB]

BUT beware of higher probability of geopolitical events ... PUTIN seems to be planning more military action, possibly not selling oil & gas to EU this winter, and while CHINA is rapidly reopening there is a higher probability of instability in that region re: TAIWAN. The world is far more unstable in December 2022 than in most Decembers in recent times. 

 

Many were confident the markets will again be rejected at that temporary peak near the 200ma but as I pointed out last week there is no reason for the market to behave as it as done previously --- and so the market did as most did not expect: rallied to close above the 200ma, first time since January or February, can't remember now. 

 

 

Too many are expecting the markets to fail at this major resistance point, see chart here:
https://twitter.com/...8265473/photo/1

 

It may but it does not have to, the situation is different now, and I am looking for the markets to vault above it and rally at least 5% 

 

 

 

 

Too many are expecting the markets to fail at this major resistance point, see chart here:
https://twitter.com/...8265473/photo/1

 

It may but it does not have to, the situation is different now, and I am looking for the markets to vault above it and rally at least 5% 

 

[dTraderB]

My FF is a volatile week,  market will most likely retrace below 200MA and then trade above it, but I will not recommend big positions for the rest of December.

 

I expect the market to finish higher on the last trading day of 2022 than it is now but it could be a difficult 3 weeks of trading until the end of 2022. 

 

My FF for Jan 2023 is a ST HIGH that can also be an IT HIGH but I think earnings will be better than forecasted so the rally could continue into February. 

 

It has been my best trading year, best in 36 years, and I want to preserve this 11-month consecutive winning streak. 

 

I also need to spend some more time on business so this will be a period of focusing on mainly NQ daytrading, TLT CALLS, UVXY CALLS. 

 

If CRUDE plunges below 65 then I will buy; if SPY trades above 420 I will consider buying PUTS, if QQQ trades above 320 I will consider buying PUTS

 

If ES trades below 3800 I will buy CALLS, similar situation for QQQ CALLS, and will also buy tech & financial stocks, the usual -- AAPL, AMZN, GOOGL, XLF, BA etc and also IWM and semi ETFS

 

I think TESLA has seen its best days but it will not plunge as yet; however I will SHORT on any spike up. 

[dTraderB]

TWITTER stock? I am trying very hard NOT TO SHORT it so I will wait ....   until this phase of the market - the rally peaks. Cannot time it perfectly but will start to buy TESLA PUTS above 55 of traded

 

@AdamMancini4

 

 

Have a great weekend! As all see, #ES_F hit its bear channel. Test #3 of 2022. Channels *very* often breakout on test #3, but must base 1st Plan next week: Build a base. As long as 4040-50 holds: 4100, dip, breakout to 4150+ in play. 4040 fails, we see 3965. Uptrend ends below

[dTraderB]

https://twitter.com/...5846914/photo/1

 

 

TWITTER stock? I am trying very hard NOT TO SHORT it so I will wait ....   until this phase of the market - the rally peaks. Cannot time it perfectly but will start to buy TESLA PUTS above 55 of traded

 

@AdamMancini4

 

 

Have a great weekend! As all see, #ES_F hit its bear channel. Test #3 of 2022. Channels *very* often breakout on test #3, but must base 1st Plan next week: Build a base. As long as 4040-50 holds: 4100, dip, breakout to 4150+ in play. 4040 fails, we see 3965. Uptrend ends below

 

[dTraderB]

I still think it drops below zero and then rallies above 200. However, it is a strong rally and can spike up again to near or above 300

 

[dTraderB]

SPX 4500 is the highest FF for 2003? Too bearish, I expect at least 4800 and a low below 3K 

 

https://www.tker.co/...-market-outlook

[dTraderB]

WTF is happening? 

About 45,000 people in North Carolina are without power after two substations were damaged by gunfire in an “intentional” attack, officials said.

[dTraderB]

Can the HOUSING SECTOR crash but the rest of the economy have a SOFT LANDING? Unlikely, the FED will have to change stance quickly if there is more damage to the HOUSING sector...   OVERTIGHTENING is now more harmful than RATE HIKES....

 

@Schuldensuehner

 

 

Financial sector shaken after Blackstone limited withdrawals in one of its largest private real estate funds. Investors concerned about real estate values as econ data shows US housing mkt conditions continue to soften. FT article puts thing in perspective https://ft.com/content/23a22e93-89a3-45d7-9cd2-3a67b77267fc

[linrom1]

 

TWITTER stock? I am trying very hard NOT TO SHORT it so I will wait ....   until this phase of the market - the rally peaks. Cannot time it perfectly but will start to buy TESLA PUTS above 55 of traded

 

@AdamMancini4

 

 

Have a great weekend! As all see, #ES_F hit its bear channel. Test #3 of 2022. Channels *very* often breakout on test #3, but must base 1st Plan next week: Build a base. As long as 4040-50 holds: 4100, dip, breakout to 4150+ in play. 4040 fails, we see 3965. Uptrend ends below

 

Ok. How do you short a stock of a delisted company?

Edited by linrom1, 04 December 2022 - 09:03 PM.

[dTraderB]

HANG SENG UP 7% ASIAN MONDAY SESSION

WILL PULL BACK THEN RALLY