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FEAR of CONTAGION: Banking & Crypto possible intervention


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#221 redfoliage2

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Posted 16 March 2023 - 11:33 AM

My FF: BULLS running it up today & early tomorrow, then down into weekend

Rumors of MORE weak BANKS, CRYPTO STOCKS

Let's see if this bounce can last for a day in this news driven market..................................

 

I sold my ES calls earlier today on the bounce.  I really don't trust this news driven market.  Safer just day trading.  Who know what breaking news will come up overnight  ....................


Edited by redfoliage2, 16 March 2023 - 11:34 AM.


#222 dTraderB

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Posted 16 March 2023 - 11:56 AM

OPEX THURSDAY MELTUP
CLOSED GOOGL CALLS
ALL QQQ CALLS

Now NET slightly LONG
Holding TLT CALLS, UVXY PUTS, 3 SPY & 5 QQQ CALLS,
GOOGL CALLS, CITI & BAC CALLS
1 ES HEDGE SHORT

WILL ADD BELOW ES 3885

WILL CLOSE ALL except TLT CALLS & UVXY PUTS above ES 3990

Great MARCH 2023 enters final 2 weeks, most active trading for me during previous 10 days.

Will close LONGS to get to Flat Or slightly NET LONG

Adam Mancini (@AdamMancini4) tweeted at 8:11 AM on Thu, Mar 16, 2023:
Day #4 of rangebound chop in #ES_F between ~3960 & 3885. Setting up the next multi-day trend. Targets late day yesterday were 3935 then 3955 and saw 3948 overnight

Plan today: 3910, 3895-3900=supports. Bounce zone to 3935, 3955+. Next leg down starts only if 3880-85 fails



#223 K Wave

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Posted 16 March 2023 - 12:02 PM

 

My FF: BULLS running it up today & early tomorrow, then down into weekend

Rumors of MORE weak BANKS, CRYPTO STOCKS

Let's see if this bounce can last for a day in this news driven market..................................

 

I sold my ES calls earlier today on the bounce.  I really don't trust this news driven market.  Safer just day trading.  Who know what breaking news will come up overnight  ....................

 

Yup, doing the same until we get a bit more clarity on the nascent NDX turn.

 

WMT may give some clues here soon.

 

If it can clear 140, could be the start of the great stick save....

 

But back below 138 could signal 140 back test failure

 


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

 

 


#224 dTraderB

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Posted 16 March 2023 - 12:09 PM

Closed all SPY CALLS
MAY 380 UP 20% today

OPEX THURSDAY MELTUP
CLOSED GOOGL CALLS
ALL QQQ CALLS

Now NET slightly LONG
Holding TLT CALLS, UVXY PUTS, 3 SPY & 5 QQQ CALLS,
GOOGL CALLS, CITI & BAC CALLS
1 ES HEDGE SHORT

WILL ADD BELOW ES 3885

WILL CLOSE ALL except TLT CALLS & UVXY PUTS above ES 3990

Great MARCH 2023 enters final 2 weeks, most active trading for me during previous 10 days.

Will close LONGS to get to Flat Or slightly NET LONG

Adam Mancini (@AdamMancini4) tweeted at 8:11 AM on Thu, Mar 16, 2023:
Day #4 of rangebound chop in #ES_F between ~3960 & 3885. Setting up the next multi-day trend. Targets late day yesterday were 3935 then 3955 and saw 3948 overnight

Plan today: 3910, 3895-3900=supports. Bounce zone to 3935, 3955+. Next leg down starts only if 3880-85 fails



#225 K Wave

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Posted 16 March 2023 - 12:14 PM

And here comes BRK...back above 306 could be a big stick save.

 

Powerful moves often start with shakeouts.

 

So IF we do get full reversals on a bunch of key stuff, probably best not to fight it.

 

Honestly thought that bad break on BKX was going to lead to a break in the markets, but seeing first signs it may not.

 

And some of my biggest gains have come when initially I had the wrong take, and immediately reversed course, when the Zag, instead of the expected Zig developed.

 

So far this is just potential reversal, so it could still fail, but a couple more days along, and it could start to look a lot like the real deal.


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

 

 


#226 K Wave

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Posted 16 March 2023 - 12:23 PM

MSI another looking like failed breakdown

 


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

 

 


#227 K Wave

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Posted 16 March 2023 - 12:37 PM

Assuming Apple survives to end of week above 153, a close over all those spikes on the weekly, with a bullish engulfing to boot, could set Apple up for a test of 175 or even ATH.

 


Edited by K Wave, 16 March 2023 - 12:38 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

 

 


#228 K Wave

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Posted 16 March 2023 - 12:41 PM

Apple stock one of the most glaring examples of bear failure this week, up to this point anyway...

 

All setup to rollover, and did nothing of the sort.


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

 

 


#229 K Wave

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Posted 16 March 2023 - 12:46 PM

Softy another huge Shake N Bake this week

 


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

 

 


#230 K Wave

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Posted 16 March 2023 - 12:48 PM

3960 area on SPX looking like the Shake N Bake dividing line....


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