108 replies to this topic

[redfoliage2]

So much for CPI.  Now focus switches to tomorrow's earnings ..................

[redfoliage2]

This open is a sell ...................

Edited by redfoliage2, 11 January 2024 - 09:32 AM.

[dTraderB]

Closed 17030

NQ 16925 HEDGE LONG

2 NQ & 1 ES

[redfoliage2]

This open is a sell ...................

It's a total SELL.  I see much lower for today.......................

Edited by redfoliage2, 11 January 2024 - 09:47 AM.

[dTraderB]

LONG NQ 16940

Closed 17030

NQ 16925 HEDGE LONG

2 NQ & 1 ES

[redfoliage2]

Now let's see if tomorrow's earnings will help as the earnings season starting.  I still see this dip likely to be bought.....................

Edited by redfoliage2, 11 January 2024 - 10:13 AM.

[redfoliage2]

Now let's see if tomorrow's earnings will help as the earnings season starting.  I still see this dip likely to be bought.....................

Bounces to be sold and dips bought - this should be a great day for traders ....................

Edited by redfoliage2, 11 January 2024 - 10:27 AM.

[12SPX]

Big whoops, I guess I was in a rush as I thought I hit send when I was out of the market flat as I was traveling Tuesday down south, currently in Memphis headed to Alabama.  Have traded a little but mostly on the down side and with the pop after the CPI data showed inflation isn't really going down that much seemed a little off so have been short from 17000 and 4810.  Current profit stops are 16880 and 4800 sell above as this isn't official as I didn't post them. ....And while I was typing out for a10-point profit on the ES and 120 points on the ndx.   See how the rest of the day goes to sell higher....

 

Interesting that we have turned down but volatility is near lows, call options especially ndx are extremely bullish as everyone is thinking the market is only headed to the moon ut guess what the reality is that stock warnings are already starting, everyone is talking about layoffs as d has pointed out and obviously inflation isn't going down that much just yet....  At th least I think volatility is here to stay for awhile so enjoy trading it, back to holidays.....

[redfoliage2]

I see tomorrow's earnings providing a support here.  Seasonality is in favor of bulls.  We are likely have seen LOD.................

Edited by redfoliage2, 11 January 2024 - 10:55 AM.

[12SPX]

I think the opposite, what will be key is what they say about the future but for now long ndx at 16850 so I can sell higher lol!!