Adding an extra lot to NQ SHORT DAYTRADES.
MARKETS LOOK EXCEEDINGLY WEAK!
MONEY FLOW INDEX in ST CHARTS very weak, lethargic.... maybe BIG MONEY selling to newbie retail overeager LONGS
"Rush Into Meme Stocks, Zero-Day Options Fuels Latest Frenzy in the Wall Street Casino" - BARRON'S
Started by
dTraderB
, Feb 05 2023 02:46 PM
474 replies to this topic
#451
dTraderB
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Posted 10 February 2023 - 12:39 PM
Money flow indicator is my most useful & influential tool in ST TRADING.
#452
redfoliage2
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Posted 10 February 2023 - 12:58 PM
A bounce is in the cards later today or Monday .............
Breadth turning up today while the general market is down, a sign that a bounce is coming ......................
Breadth looks at a bottom here as my indicator for NYMO is turning up now. BTW, OpEx next week, going to be exciting ...............
Edited by redfoliage2, 10 February 2023 - 01:05 PM.
#453
12SPX
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Posted 10 February 2023 - 01:05 PM
Not really, as I mentioned yesterday the market was getting close to my original cycle expiration numbers. In the end it'll likely be a lot more grinding with more of a chance of downside than upside unless call option prices finally give up all of their excessive prices that are now down a little but not much. Need the crashers to come out strong over the weekend lol!!! Will be interesting to see how we close out today, I already took profits on my weekly sold 4220 calls, next weeks may end up with the same number at this point!!
#454
jacek
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Posted 10 February 2023 - 01:09 PM
I already took profits on my weekly sold 4220 calls, next weeks may end up with the same number at this point!!
Good, long live the grind!
#455
12SPX
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Posted 10 February 2023 - 01:13 PM
Whoops forgot, I've brought my long average a little lower to 4096....
#456
12SPX
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Posted 10 February 2023 - 01:13 PM
I already took profits on my weekly sold 4220 calls, next weeks may end up with the same number at this point!!
Good, long live the grind!
Yup option selling has been incredible already this year, hopefully be another 3 year stint of this!!
#457
K Wave
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Posted 10 February 2023 - 01:18 PM
tryin' for the pop over 33800 not gonna short as long as it holds above...
But if it turns into a mini breakout/fakeout...different story
see what happens dead ahead here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#458
12SPX
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Posted 10 February 2023 - 01:22 PM
Well how about that, profit stop 4197, buy below
#459
12SPX
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Posted 10 February 2023 - 01:32 PM
Out for a 1 point profit, starting a new long build at 4095....
#460
K Wave
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Posted 10 February 2023 - 01:48 PM
there's 33800 back test pivot...now we see if bull can hold it...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
