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SQUEEZE on SHORTS - seasonally bearish MAY


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#211 K Wave

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Posted 05 May 2023 - 06:39 AM

NY Comp also at interesting spot...failure to hold the 200 day turn attempt is no bueno....so see if bulls can take it back up after the slight violation...or not

 


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

 

 


#212 K Wave

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Posted 05 May 2023 - 06:44 AM

That last 15 min touch on NVDA could be big....still bulls ball as long as they don't have a huge fumble soon.

 


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

 

 


#213 12SPX

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Posted 05 May 2023 - 07:14 AM

Steady night in the market, moving my profit stop up to 4100 as I'm sure the fireworks will start after the employment report but we are down pretty good for the week so far so wouldn't be surprised if there is a bit more upside here....



#214 12SPX

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Posted 05 May 2023 - 07:33 AM

Well there's barely a response lol!  Out for a 25 point profit.  See how it settles out here...



#215 dTraderB

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Posted 05 May 2023 - 07:35 AM

Very bearish
Added 2nd ES HEDGE SHORT

#216 dTraderB

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Posted 05 May 2023 - 07:39 AM

Closing a few LONGS
Want to be almost FLAT ASAP

#217 dTraderB

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Posted 05 May 2023 - 08:01 AM

Closed small IWM position 1.47%

Did not want to ...but I think I will get it lower than 167

BABA dropped from 120 to 80... i am up 3.1% but closed all

Will close CALLS & HEDGES during the day

Will holD all UVXY & TLT CALLS

#218 12SPX

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Posted 05 May 2023 - 08:26 AM

Looks like a strong open likely gonna leave another gap but I'd rather start a short build a little higher see how the open goes...



#219 12SPX

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Posted 05 May 2023 - 08:37 AM

Nice pop wish I still had my long on lol, but there's another cash gap to get filled so I'll be looking for a short higher for sure, will watch the option prices closely and just wait for the bulls to come out and start chattering even though were still down on the week lol!! 



#220 dTraderB

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Posted 05 May 2023 - 08:38 AM

New AAPL PUT position
Above 173
Will add above 175