168 replies to this topic

[redfoliage2]

Likely a gap down tomorrow .........................

Edited by redfoliage2, 28 November 2023 - 03:20 PM.

[dTraderB]

Closed 16011

NQ 15995 HEDGE LONG

Closed 16005

15972.5 NQ HEDGE LONG

Closed 2nd NQ HEDGE LONG 16068

WILL REOPEN LOWER

Closed 15975

NQ HEDGE LONG 15948.5

HOLDING 2 NQ 1 ES

Will add beliw ES 4530 & NQ 15830

Net SHORT US, LONG A50 & HSI INDEX & STOCKS. Opening & closing HEDGE LONGS - daytrading hedge longs, but want to add more SHORTS above ES 4580 before any pullback.
LONG TLT, UVXY CALLS, LONG CRUDE. Small NDVA LONG, QID LONG, small PUT positions in tech stocks - AAPL, AMZN, GOOGL.
Need net 0.83% return during next few days for a profitable November.

[dTraderB]

"An era has drawn to a close with the death of Charlie Munger, a month short of his 100th birthday.



The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate.



Often handy with a one-liner Munger summed up his fame in 2010: "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," he said.



"It's not brilliance. It's just avoiding stupidity."



Buffet noted "Charlie's inspiration (and) wisdom" in a statement."

[dTraderB]

https://www.marketin...lume-oscillator

[dTraderB]

https://www.mcoscill...t_breadth_data/

https://www.marketin...lume-oscillator

[dTraderB]

Adam Mancini (@AdamMancini4) posted at 4:44 PM on Tue, Nov 28, 2023:

Closing update #ES_F: No shock where we are as we near the close-right at 4555 for the 13th test now. As long as above, we are simply basing for another push to 4572, 4580+. 55-53 fails, we can test 4535 next. Newsletter out soon talking how I'm trading it

https://t.co/zS20sba61S

(https://x.com/AdamMa...4495701036?s=03)

[dTraderB]

Limit orders filled on HSI & A50 LONG overnight. Traded an hour after open during a very volatile session.
HSI spike below 17k & rebounded. A50 recovered quickly but both are very weak and should retest recent lows, maybe even one ir more of the strongest 2023 & 2022 support levels.

[dTraderB]

Closed all CRUDE LONGS. OPEC meeting tomorrow & volatility is rising. Will buy below WTI 75.

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. Q3 GDP revision, deflator, corporate profits and PCE inflation gauge estimates. U.S. Oct trade balance, retail and wholesale inventories
Federal Reserve releases Beige Book of current economic conditions. Richmond Fed President Thomas Barkin and Cleveland Fed chief Loretta Mester speak. Bank of England Governor Andrew Bailey and BoE markets head Andrew Hauser speak at London FX event
US Secretary of State Blinken meets Russian Foreign Minister Sergey Lavrov on sidelines of OSCE meeting in North Macedonia
U.S. corporate earnings: Salesforce, Synopsys, Dollar Tree, Hormel Foods, Intuit, Petco, Bilibili etc

[redfoliage2]

It looks the market operators want to see SPX 4600 before the month ends regardless it's at a toppy place.  Money rules............................

Edited by redfoliage2, 29 November 2023 - 08:40 AM.