Hmmmmm, well starting a new short build at 4415....
Surprising JUNE BULLISH SURGE should end soon
Started by
dTraderB
, Jun 19 2023 04:24 PM
86 replies to this topic
#32
redfoliage2
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Posted 21 June 2023 - 09:57 AM
Outlook for Stagnation. Stock market at an IT top.
So the selling started..
#33
dTraderB
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Posted 21 June 2023 - 10:20 AM
Limit order to buy SEP TESLA CALL
Should be filled near 258
TESLA now 260
Should be filled near 258
TESLA now 260
A rarity:
Closed TESLA CALL with profits higher than cost of the TESLA PUT.
Holding worthless PUT with TESLA at 266.
#34
dTraderB
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Posted 21 June 2023 - 10:24 AM
Surprised at POWELL'S muted hawkishness. Almost dovish. Markets may like it but I think it goes lower today, bounce Thursday & Friday
#35
K Wave
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Posted 21 June 2023 - 11:07 AM
What happens after the failed launch attempt off of, and backtest of, DAX 16K is likely to be a huge tell.
IF...16K does not hold...buckle up
If it does, then it could go a lot higher....
HUGE pivot....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#36
K Wave
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Posted 21 June 2023 - 11:08 AM
now that Apple has finally busted 184 and backtested that area...NOW we see if bears have anything...
184 fairly minor step failure...but have to start somewhere.
177 still the biggie
Edited by K Wave, 21 June 2023 - 11:10 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#37
K Wave
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Posted 21 June 2023 - 11:11 AM
META flagpole run may almost be over....
under 276 could be first big crack now
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#38
K Wave
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Posted 21 June 2023 - 11:17 AM
Perhaps something along these lines for Apple??
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#39
K Wave
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Posted 21 June 2023 - 11:47 AM
UVXY beat down, but still no sign of actual turn just yet...
perhaps recapturing the last floor at 2.13 might get something going there...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#40
dTraderB
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Posted 21 June 2023 - 03:55 PM
PARTIALLY SHORT & HEDGED.
THURSDAYS & FRIDAYS have been good for bulls in recent times, will that trend continue?
I think so.
I will be changing my OVERALL stance to BULLISH FROM BEARISH during the next week or so.
I THINK THIS IS A NEW PHASE IN THE MARKETS - not always bullish but mainly so, not smoothly up but filled with traps, and
with punishing pullbacks. BUT, markets will generally be trending up at least for rest of 2023.
BEFORE THIS NEW BULL PHASE BEGINS, I expect a pullback to at least ES 4300.
IF NOT, then the next ST TOP will be reversed hard to at least ES 4200
