55 replies to this topic

[12SPX]

Out of my ndx trade for a nice 65 point profit to end the year....

[12SPX]

There it is as I placed my profit stop out of my two month long short on the ES for a very fat 1 point profit, great way to end the year....  Start selling above.....

[12SPX]

Could have waited for my 4800 in the end but oh well.  Did go get coffee and got a fill on my ndx long at 16954, profit stop 16960 now but will sell higher if we rally a bit.  If we follow last years plan the market rallies into the close, this one may be a bit earlier as we've now sold off earlier...

[redfoliage2]

 

 

Well, today's spike on the treasury 10Y yield really does not bode well, and I see bounces in stocks likely to be sold  .....................

 

As I warned yesterday the turn-around in the yield is a red flag for stocks.  At this juncture bounces in stock market likely to be sold .................

 

It's possible the correction just started today ............

 

This is especially likely with the market in extremely over bought conditions and many waiting to sell in January as soon as the first trading day in January for tax reasons .............. 

Edited by redfoliage2, 29 December 2023 - 12:55 PM.

[12SPX]

profit stop 16975....

[12SPX]

Okay out on my long for a profit of 61 point and starting my short builds at 4810 on the ES and a nice even 17015 on the NDX.

[12SPX]

The big question is if were going to follow last years last day trading plan as the next two two hours should be down and then big rally into the close.  Don't forget this is also still another up week for the market overall making it interesting for next week.....

[12SPX]

and look at those bond yields backing up again, so interesting.....

[redfoliage2]

 

 

 

Well, today's spike on the treasury 10Y yield really does not bode well, and I see bounces in stocks likely to be sold  .....................

 

As I warned yesterday the turn-around in the yield is a red flag for stocks.  At this juncture bounces in stock market likely to be sold .................

 

It's possible the correction just started today ............

 

This is especially likely with the market in extremely over bought conditions and many waiting to sell in January as soon as the first trading day in January for tax reasons .............. 

 

Edited by redfoliage2, 29 December 2023 - 01:31 PM.

[dTraderB]

Closed 1 ES HEDGE LONG 4818

Holding 1 each ES & NQ HEDGE LONG
WILL ADD BELOW ES 4780

NQ HEDGE LONG 16965

HOLDING 1 EACH ES & NQ

WILL ADD BELOW ES 4800