Whoops, problem being on the west coast, for some reason without coffee yet was thinking the inflation report was out this morning lol!!! Now I have coffee so nonetheless interesting the market is down this morning with bonds quiet, options quiet, moving my profit stop to 4140 and see how the cash open goes, may even try a long there as the market is just dripping lower today!!!
MARKETS BULLISH, but I am " SELL IN MAY" MODE...BUFFET BEARISH?
Started by
dTraderB
, May 07 2023 04:32 PM
250 replies to this topic
#62
12SPX
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Posted 09 May 2023 - 07:58 AM
Took profits at 4137 for 13 points and going to build a long there for the cash open see how that goes here...
#63
K Wave
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Posted 09 May 2023 - 08:55 AM
interesting bifurcated market again
SOX TRAN RUT all doing what bears need to see....Dow refuses to give up thus far...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#64
K Wave
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Posted 09 May 2023 - 08:56 AM
Apple 172 stair step holding thus far...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#65
12SPX
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Posted 09 May 2023 - 08:59 AM
Not the pop I was looking for at the start so profit stop 4138
#66
K Wave
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Posted 09 May 2023 - 09:00 AM
Rusty bears have to keep their foot on bulls air hose...
Above 1750 again now could be trouble for bears...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#67
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Posted 09 May 2023 - 09:05 AM
And out for 1 point profit. Back to the grind rats!! Hopefully get a rally to get short again lol!!
#68
dTraderB
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Posted 09 May 2023 - 09:39 AM
Yes, agree, but got manage the portfolio with both PROFIT & RISK factors. Diversify a bit with lower risk/lower return. Higher risk in RISK PORTFOLIO etc. Actually my RISK PORTFOLIO is now almost empty.... strange markets.
5.36% taxable return. Depending on your tax bracket ,that is about 4.5% give or take.
But money is losing value at higher rate than 4.5%
#69
dTraderB
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Posted 09 May 2023 - 09:41 AM
Traders waiting on DEBT LIMIT meeting but they will soon be impatient and break out of this annoying tight range
Whoops, problem being on the west coast, for some reason without coffee yet was thinking the inflation report was out this morning lol!!! Now I have coffee so nonetheless interesting the market is down this morning with bonds quiet, options quiet, moving my profit stop to 4140 and see how the cash open goes, may even try a long there as the market is just dripping lower today!!!
#70
dTraderB
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Posted 09 May 2023 - 09:43 AM
ES 11-POINT range since 4am
But, hammering away on the top & bottom will break it- ES 4142 & 4131
But, hammering away on the top & bottom will break it- ES 4142 & 4131
