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BULLISH: My 2023 FF: SPX HIGH > 4600; SPX LOW > 3575


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#11 K Wave

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Posted 03 January 2023 - 09:20 AM

Dow continuous managed to get foothold over  33,200 overnight....as long as it hold after the open, 33.6k still on the table.

 

back below 33.2, then things could start to rollover...

 

Dr copper still in epic battle for 3.80


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 03 January 2023 - 09:24 AM

This year will be more depressing than last as the housing market starts to fall in the blow up of the everything bubble but I love your range d.  Would be surprised if we even get to 4500 but you never know maybe in the fall.  Key point of this year will be that the grind will continue until the market sets up for another decent correction maybe to your lower level.  By my numbers there is still a possibility of a 45-50% haircut from the all time high so under 3000 is possible even though very hard to believe.  Because no one really knows and that was revealed last year I'll just continue to play it expiration cycle to expiration cycle selling lots of premium there and continue to play with my new favourite, selling weekly options and do some trend trading with wider plays in between!!  Most important thing is that it should be another great year of trading so lets all respect one another's opinions, unless you don't agree with mine bahahaha!!! 

Yep, quickly turnin' into to disaster in the formerly red hot Austin RE market.

 

My wife is now getting 50-60k below ask low ball bids on her lower priced stuff that is no longer moving...massive inventory ramp since beginning of 2022, but flood has not even hit yet.


Edited by K Wave, 03 January 2023 - 09:25 AM.

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 redfoliage2

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Posted 03 January 2023 - 09:29 AM

Likely an ST bottom here after the month-long end of year tax selling in December 2022 ......................

We may see SPX 4000 by the end of the week ....................



#14 12SPX

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Posted 03 January 2023 - 09:38 AM

 

This year will be more depressing than last as the housing market starts to fall in the blow up of the everything bubble but I love your range d.  Would be surprised if we even get to 4500 but you never know maybe in the fall.  Key point of this year will be that the grind will continue until the market sets up for another decent correction maybe to your lower level.  By my numbers there is still a possibility of a 45-50% haircut from the all time high so under 3000 is possible even though very hard to believe.  Because no one really knows and that was revealed last year I'll just continue to play it expiration cycle to expiration cycle selling lots of premium there and continue to play with my new favourite, selling weekly options and do some trend trading with wider plays in between!!  Most important thing is that it should be another great year of trading so lets all respect one another's opinions, unless you don't agree with mine bahahaha!!! 

Yep, quickly turnin' into to disaster in the formerly red hot Austin RE market.

 

My wife is now getting 50-60k below ask low ball bids on her lower priced stuff that is no longer moving...massive inventory ramp since beginning of 2022, but flood has not even hit yet.

 

What is most interesting is the real estate market in canada is about 4 times higher than the US!!  Average price in canada is 676,000 with average of mortgages of 650,000 with rates almost triple now.  There is a lot of boomer cash around but is there enough!!! 



#15 12SPX

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Posted 03 January 2023 - 09:47 AM

Well isn't that interesting, always love spikes lol,,,my short at 3900 was filled and now have a profit stop on at 3895



#16 linrom1

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Posted 03 January 2023 - 09:54 AM

Gold, DXY and stocks can't be all right?



#17 12SPX

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Posted 03 January 2023 - 10:01 AM

profit stop 3870



#18 linrom1

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Posted 03 January 2023 - 10:04 AM

Ok, DXY only up everything else: sell.



#19 12SPX

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Posted 03 January 2023 - 10:08 AM

Out at 60 for a nice 40 point profit to start the year!!! 



#20 dTraderB

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Posted 03 January 2023 - 10:11 AM

Closed 5 TESLA FEB 115 PUTS
WILL ADD TO CALL POSITION BELOW 110