202 replies to this topic

[dTraderB]

I am late today to run my monthly update but will finish by 4:30pm or else will use a backup laptop.

So, 23 years later, rather portly granpa stage of life, here comes the 2000 version of DOTCOM: AI 2023.

It will also end badly for most but there will be a few huge winners.

Is there still NOT an AI Trading system for ES or NQ FUTURES?

I am partly SHORT, partly HEDGED, want to build a BIG SHORT position, mixing tech & financials, also HANG SENG INDEX & a few Chinese stocks.

Another great NQ trading week but finished the week up by a mere 1.8%, good MAY 2023 return. MAY has always been a below average month for me.

I exoect pullbacks, then resume uptrend BUT EXTREME CAUTION is required in trading thid new market.

[dTraderB]

Got this forwarded from ZEROHEDGE.Stopped folling them because they are always bearish...

Nasdaq Triggers A New Volatility Correlation Sell Signal

Time will tell if this most recent sell signal will also prove effective in this way. Its interesting to note, however, that it also culminated in an even more rare signal on Friday when both the NDX and VXN rose more than 2% on the day (last seen on 2/2). This is a pretty strong indication that the options market is not nearly as sanguine as the equities market at this stage of the rally. And that in itself may be an important development to pay attention to.
https://www.zerohedg...ion-sell-signal

[dTraderB]

"Tech stocks just saw their biggest weekly inflows on record"

Kip Herriage 🇺🇸 (@KHerriage) tweeted at 8:48 AM on Sun, Jun 04, 2023:
3 charts that matter to us:

-Transports, which we see breaking up & out of a well defined triangle

-Small caps, with higher lows & fresh break of 200 dma

- Nasdaq 100, extreme overbought but attempting to go parabolic

We expect rotations that broaden the move higher. https://t.co/qIGu75jiwc

[dTraderB]

Non-commercials will be slaughtered! Or, this already happened last week?

hedgopia (@hedgopia) tweeted at 4:54 PM on Fri, Jun 02, 2023:
Non-commercials' net shorts in e-mini $SPX futures set a new record. Cash from 3856 on Mar 13 to 4282 today; net shorts from 119,819 in week to Mar 14 to 434,170. Fierce rally in index, which now has a shot at 4320s, has had no impact on these traders, who doggedly stay put. $SPY https://t.co/WyxphSi6Vh

[dTraderB]

ES 4284  LONG HEDGE

 

CRUDE LONG 73,30

 

 

[dTraderB]

UP

 

https://www.marketin...-highs-new-lows

[dTraderB]

Oil war!
I am with the SAUDIS ON THIS ONE: 4 WTI CRUDE LONG Will add more below 72

[dTraderB]

Good thread here:

Helene Meisler (@hmeisler) tweeted at 7:46 AM on Sat, Jun 03, 2023:
Looks like it was the best day for the RUT since November.
(https://twitter.com/...1410807812?s=03)

[dTraderB]

Interesting responses:

Tom McClellan (@McClellanOsc) tweeted at 0:40 PM on Sat, Jun 03, 2023:
Problem is that only occasionally are such big 1-day moves a sign of initiation (green line). Most of the time they are termination events (blue lines).
https://t.co/26nUkNVoJf
(https://twitter.com/...8892857344?s=03)

Good thread here:

Helene Meisler (@hmeisler) tweeted at 7:46 AM on Sat, Jun 03, 2023:
Looks like it was the best day for the RUT since November.
(https://twitter.com/...1410807812?s=03)

[dTraderB]

However, McOsc & other similar indicators are up and still at least a day or 2 from upper reversal ranges. There will be shallow pullbacks but my FF is up for at least most of thiz week.

I am building SHORTS & PARTIALLY HEDGING.

Also TLT & UVXY CALLS

Interesting responses:

Tom McClellan (@McClellanOsc) tweeted at 0:40 PM on Sat, Jun 03, 2023:
Problem is that only occasionally are such big 1-day moves a sign of initiation (green line). Most of the time they are termination events (blue lines).
https://t.co/26nUkNVoJf
(https://twitter.com/...8892857344?s=03)

Good thread here:

Helene Meisler (@hmeisler) tweeted at 7:46 AM on Sat, Jun 03, 2023:
Looks like it was the best day for the RUT since November.
(https://twitter.com/...1410807812?s=03)