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Huge week! "could define market's narrative over next few months"


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#21 redfoliage2

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Posted 29 January 2024 - 02:07 PM

 

 

Dips got bought and bounces sold - the market is likely to stay in a tight range before the big earnings reports and the Fed talking.............................. 

Longer term the market is likely on a top, and bulls need to take profit quickly .....................

 

BTW,  the negative correction between SPX and VIX has been broken indicating this bull run is likely ending anytime soon just pending for a trigger ....................... 

 

Another overarching factor is the drying up of the liquidity at this juncture resulting in only rotational moves among sectors .......................


Edited by redfoliage2, 29 January 2024 - 02:10 PM.


#22 dTraderB

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Posted 29 January 2024 - 02:50 PM

Jason Goepfert (@jasongoepfert) posted at 2:25 PM on Mon, Jan 29, 2024:
Investors who weren't around 22 years ago forget how much the bankruptcy of WorldCom shook the world. The poster-boy of internet bubble shenanigans, it called into question everything investors relied upon for fundamental reporting.

The S&P 500 bottomed (for all intents and https://t.co/yPL9UIY46a
(https://x.com/jasong...6936668354?s=03)

#23 dTraderB

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Posted 29 January 2024 - 02:52 PM

Too busy to post as often as I wanted, mainly because I also traded CRUDE.

Jason Goepfert (@jasongoepfert) posted at 2:25 PM on Mon, Jan 29, 2024:
Investors who weren't around 22 years ago forget how much the bankruptcy of WorldCom shook the world. The poster-boy of internet bubble shenanigans, it called into question everything investors relied upon for fundamental reporting.

The S&P 500 bottomed (for all intents and https://t.co/yPL9UIY46a
(https://x.com/jasong...6936668354?s=03)

#24 dTraderB

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Posted 29 January 2024 - 03:03 PM

This from the "FED FAVORITE JOURNALIST" - BULLISH. But APPLE'S EARNINGS & GUIDANCE may be very bearish.

Nick Timiraos (@NickTimiraos) posted at 3:17 PM on Sun, Jan 28, 2024:
The Fed is set to retire its tightening bias at its policy meeting this week.

Officials have a first-class probleminflation fell faster than they expectedbut it poses a conundrum nevertheless: How soon and fast do you dial back restrictive policy?

https://t.co/0qKEDCHnye
(https://x.com/NickTi...1364405285?s=03)

#25 dTraderB

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Posted 29 January 2024 - 03:06 PM

Closed NQ HEDGE LONG 17660
Will reopen lower

Closed 1 NQ & 1 ES HEDGE LONG

HOLDING 1 EACH

WILL ADD A50 & HSI LONGS BELOW 11175 & 15950



#26 dTraderB

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Posted 29 January 2024 - 03:23 PM

Closed ES HEDGE LONG 4950
FLAT HEDGES
Will reopen lower

Closed NQ HEDGE LONG 17660
Will reopen lower

Closed 1 NQ & 1 ES HEDGE LONG

HOLDING 1 EACH

WILL ADD A50 & HSI LONGS BELOW 11175 & 15950



#27 dTraderB

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Posted 29 January 2024 - 03:29 PM

Added 2 QQQ & 3 SPY PUTS

#28 12SPX

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Posted 29 January 2024 - 03:49 PM

Go away for a bit and boom up.   Really shows how senseless this market is because you think they would worry just a little that the States may respond in force on Iran overnight but then again that makes common sense lol!!  Couldn't believe the price pop in call options on the hope for higher highs lol!!  Average short 4925 and 17605.....



#29 cycletimer

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Posted 29 January 2024 - 05:29 PM

I couldn't resist.  I sold some call credit spread on the NDX near the close, they expire this week (Wed & Fri).  Premium is still very high, especially after an UP day like today.  I'm safe as long as NDX closes below 17,875 on Wed 1/31 and below 18,100 on Fri 2/2.  

I've been entering these every Friday and closing every Monday.  Today's offered a unique opportunity so I did the unusual thing by entering a credit spread on a Monday.



#30 dTraderB

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Posted 30 January 2024 - 08:18 AM

ES 4942 HEDGE LONG
NQ 17661 HEDGE LONG

Will add A50 LONG below 10950 & HSI LING below 19600
"Buy during US SESSION & TAKE PROFITS IN ASIAN SESSION"