253 replies to this topic

[dTraderB]

My best year in trading, taking the rest of 2022 to focus on our business, and tons of R&R.
My FF is a vety bullish seasonal period from now until February's FED meeting.
Buy the dips, take profits... repeat ...

Valid unless there is a disruptive Geopolitical event(s).

Will update, comment etc on this post if there is anything worthwhile.


Jonathan Ferro (@FerroTV) tweeted at 6:26 pm on Wed, Dec 14, 2022:
We keep our forecast of 25bps in February followed by a pause. This puts us 50bps below the FOMC median and about 25bps below the market. We expect slowing activity to provide sufficient motivation to pause at the March FOMC meeting

StanCharts Englander

[redfoliage2]

Now with the Fed out of the way the dip is likely to be bought as soon as tomorrow ............................ 

Edited by redfoliage2, 14 December 2022 - 06:15 PM.

[pdx5]

Buy the dip works  if one has patience to wait for the inevitable bull. Sometimes it can take 18-24 months, which is Okay coz you get lower tax rates for long term hold. But usually it is much less time.  

Edited by pdx5, 14 December 2022 - 07:03 PM.

[dTraderB]

Xlf, wfc, c, bac near entry long levels

[12SPX]

Good morning, feeling quite a bit better today!!  Stupid covid!!!  Someone tried to tell me that it could be something called the flu,,,,, but I corrected them, everyone knows there is only covid, didn't anyone listen to our great government no it all scientists,,,,bahahaha!!  Anyhow, I'm with you d this has been one of my best trading years also and agree with you about buying the dips as the market stair steps its way to new lower lows to next years possible -40,-50% haircut in the end.  Think for the next few months the grind will continue where it will be easier to short after we get into January but the grind will continue until we see a sharp sell off to finish it off.  Or at the least we'll just continue to grind around all year as I also believe we won't be seeing new highs for a long time to come.  It's nearly impossible to make predictions as the everything bubble continues to deflate so the most interesting thing to say is that its gonna be an interesting year but great for trading!!  For now I'm surprised were down this much this morning with expiration tomorrow but looking at option prices they're pretty neutral but with it down this much puts should be way higher!!  Average long 3993, see what happens after the cash open!! 

[12SPX]

Whoops not sure why I hit that 3 long average is actually 3990...

[redfoliage2]

https://www.forbes.c...sh=74fad42b74e0

[12SPX]

There we go, put option prices starting to get a little pricey especially on the ones expiring tomorrow morning.  Ask yourself, would you pay $17 for a 3900 put expiring tomorrow??

[K Wave]

looks like I made all those posts on the wrong thread

 

Anyway, playing out out as expected once Apple breached 145...

[K Wave]

NDX hideously ugly failure...

 

11400 STILL the big level...if that goes bye bye here soon...LOB and possibly in a hurry...

 

Edited by K Wave, 15 December 2022 - 10:42 AM.