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SQUEEZE on SHORTS - seasonally bearish MAY


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#71 K Wave

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Posted 02 May 2023 - 09:41 AM

Bears ball to lose on SOX now after the floor defense...

 


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

 

 


#72 dTraderB

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Posted 02 May 2023 - 09:44 AM

NEW KRE CALL POSITION
39

#73 K Wave

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Posted 02 May 2023 - 09:45 AM

Watching JPM here....under 138 now could be a problem and abort the up move...

 


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

 

 


#74 K Wave

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Posted 02 May 2023 - 09:47 AM

NEW KRE CALL POSITION
39

Here's to hoping the whole sector does not go FRC....

 

Not touching these things until I see signs of life in SCHW and PNC


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

 

 


#75 redfoliage2

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Posted 02 May 2023 - 09:48 AM

 

 

On this first day of May cryptocurrencies turned sharply down after the last week's EOM ramping up with stocks.  The stock market likely to follow soon ..................... 

Breadth (currently NYAD - 2117) also speaks out today that last week's EOM pumping up was a perfect setup for selling in May  ...........................

 

My intra-day MO indicating a reversal from last week's EOM pumping................................................. 

 

 

I meant a trend reversal from last week's EOM pumping................................................. 


Edited by redfoliage2, 02 May 2023 - 09:57 AM.


#76 K Wave

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Posted 02 May 2023 - 09:50 AM

Ute bears trying to get the roll going....940 HUGE

 


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

 

 


#77 dTraderB

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Posted 02 May 2023 - 09:51 AM

Want start more new LONG positions in BANKS, INDEX & STOCKS, while this "DEBT CRISIS" continues. BAC priority, C still too high, same for WFC... AND XLF.

LESSON FROM 2008: biggest banks not allowed to fail, with very few exceptions.

#78 12SPX

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Posted 02 May 2023 - 09:57 AM

Getting exciting, trying a long at 4120 at least for a relief bounce....



#79 dTraderB

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Posted 02 May 2023 - 10:00 AM

Alibaba near $80
Will buy

XLF CALLS

#80 redfoliage2

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Posted 02 May 2023 - 10:09 AM

ES 4100 likely to be tested before/after the Fed meeting .................................

Let's see if it can survive  .............................


Edited by redfoliage2, 02 May 2023 - 10:10 AM.