108 replies to this topic

[12SPX]

And there we go, out for a 75point profit and starting a short build at 16925 and 4805....

[12SPX]

whoops that was a 100 point profit....

[redfoliage2]

This afternoon bounce likely to be sold before close unless you know those banks going to provide great earnings tomorrow ....................

Edited by redfoliage2, 11 January 2024 - 03:12 PM.

[dTraderB]

Oil prices surged early Friday, with Brent crude topping $80 a barrel for the first time in almost three weeks, after the U.S.-led coalitions airstrikes in Yemen.

The strikes were conducted by U.S. and British forces and supported by Australia, Bahrain, Canada, and the Netherlands. The coalition said they were intended to disrupt the Houthis ability to threaten global trade in the Red Sea.

[dTraderB]

Will buy BANKS/FINANCIALS ... but at lower levels

Key developments that should provide more direction to U.S. markets later on Friday:
U.S. Dec producer price inflation report
Minneapolis Federal Reserve President Neel Kashkari speaks
U.S. Corporate earnings: JPMorgan, Citi, Bank of America, Wells Fargo, Bank of New York Mellon, BlackRock, UnitedHealth, Delta Airlines

[12SPX]

All ready with profit stops for the poi data as earnings were no surprise so far.  Profit stop 16925 and was already taken out of my ES trade at 4799 for a 6 point profit so I'm stating a new build at 4800.  Should be an interesting day, I saw some guy on twitter say the big sell off starts today 100%.  No one is 100% but it will be interesting if he's right lol!!  This is why I've never been a great follower of cycles as there are always too many variables to deal with but they are an interesting tool to use as all are.  I prefer to watch the tape to tell me what to do.  Anyhow should be a fun day to trade once again...  Looking forward to the report, seems like I have to much time to prepare being 2 hours ahead lol!!  

[12SPX]

Okay, taken out of my ndx trade for a 25 point profit to start the day so will hopefully sell a little higher before the report and do a build short....

[12SPX]

Yay, starting my short build at 16950 and average ES now 4805 once again, lets see how it turns out into the cash open....

[12SPX]

Average ndx for the cash open 16960....

[12SPX]

Going into the cash open average short 4810 and 16960....