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BULLISH, but possible Weakening Economy , MidEast crisis


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#11 dTraderB

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Posted 06 November 2023 - 03:03 PM

Both Hong Kong HK & China A50 rallied last week & trying to hold on to gains. I am patient with these & will add LONGS below HK 17600 & A50 12000

#12 dTraderB

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Posted 06 November 2023 - 03:06 PM

MARKET basing after last week... bears pushed it down to 4364-67 support zone but could not go lower.

#13 dTraderB

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Posted 06 November 2023 - 03:41 PM

How BORING THIS HAS BEEN ! About an hour of flatlining.... but do not now rush into a trade

#14 dTraderB

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Posted 06 November 2023 - 03:43 PM

Watch out for the fake up or down followed by sudden reversal. My FF is ES finishes UP on the day

#15 12SPX

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Posted 06 November 2023 - 03:58 PM

Totally occupied in daytrading. Quiet market but some good ranges up & down.
 

Ssshhhhh, board is so quiet, kinda like the flat market lol......

 

I did a little inbetween to and glad were up again being so flat, don't wanna waste a flat day with just little downside!!! 



#16 dTraderB

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Posted 06 November 2023 - 05:34 PM

$US UP. 10YR YIELD UP

Not a bad day but markets simply dozed many times... this is normal after big rallies or declines so the big question is What is next? UP or DOWN?
DELUGE OF ASIAN DATA may have an effect; also the MidEast crisis, and FED speakers choosing the right time to talk down the market.

#17 12SPX

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Posted 07 November 2023 - 10:13 AM

Quite the pop here which is interesting with zero volatility occurring.  We've seen quite the swings this expiration cycle with the best sells on put options on the 27th when the pundits were saying we were going into the abyss and puts were sooooooo expensive.  Great example was my cycles first 4000 level.  Nice even place to sell anyhow and would be tough to get through.  At the close that option was worth $34, an amazing sell.  Even the 3800 put was over $10 lol!!  Today, a little over a week later they are trading at $1.30 and $.75 lol.  Markets never going down as everyone is behind the perfect seasonal period that we have to rally into year end here.  Hmmmmm I'm seeing to many people talking about the same thing.  Feel like this could be a turnaround Tuesday with there being a little to much exuberance here with sentiment being way to bullish, volatility getting to low and bond yields down but not enough to confirm this much of a move in stocks.  Anyhow, brought my shorts up to a nice even 4350 and 15130....Just want to see a little correction and then back up again....



#18 redfoliage2

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Posted 07 November 2023 - 01:02 PM

Last week I had a ST target SPX 4400 and now almost there...............


Edited by redfoliage2, 07 November 2023 - 01:10 PM.


#19 dTraderB

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Posted 07 November 2023 - 02:33 PM

Closing NQ HEDGE LONG 15406.5

Will reopen below 15300

Holding 1 ES HEDGE. Will clise above 4405

#20 dTraderB

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Posted 07 November 2023 - 02:37 PM

Better market to trade today. Bulls holding support, followed by basing, and then small rallies.
Will add 3 more SPY PUTS above ES 4404
HOLDING 6

Will add 3 more QQQ PUTS above 15410.
Holding 8

Will buy AAPL PUTS above 183. Now trading at 183.24