Okay out for a nice 5 point profit and really nice 115 point profit which appears to have been a big sell program as it started well before the confidence number came out.... Watch a little here hopefully get a higher sell.
AI BUBBLE bigger than DOTCOM: S&P 500 could reach 5,350-5,400 by end of 2024,
Started by
dTraderB
, Feb 11 2024 05:39 PM
176 replies to this topic
#152
redfoliage2
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- Traders-Talk User
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Posted 16 February 2024 - 10:32 AM
Bull/bear tug of war going on, bear may win by the close as PPI data out tomorrow morning not going to be good....................
PPI up unexpected, YOY up from 0.1 to 0.9. MOM up from -0.1 to 0.3. I warned yesterday ................
Well, I'd expect this event-induced dip likely will be bought. In a bull market buying dips is the winning way and this is a strong bull market ..........................
BTW, even with this unexpected Jan. PPI the PPI trend is still clearly down for both YOY and MOM. I see the Fed would not be alarmed by this. As long as the Fed not planning to raise the rate the current bull run will continue .........................
I bought ES and NQ calls at this dip.....................
#153
redfoliage2
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- Traders-Talk User
- 18,080 posts
Member
Posted 16 February 2024 - 10:40 AM
Bull/bear tug of war going on, bear may win by the close as PPI data out tomorrow morning not going to be good....................
PPI up unexpected, YOY up from 0.1 to 0.9. MOM up from -0.1 to 0.3. I warned yesterday ................
Well, I'd expect this event-induced dip likely will be bought. In a bull market buying dips is the winning way and this is a strong bull market ..........................
BTW, even with this unexpected Jan. PPI the PPI trend is still clearly down for both YOY and MOM. I see the Fed would not be alarmed by this. As long as the Fed not planning to raise the rate the current bull run will continue .........................
I bought ES and NQ calls at this dip.....................
It's likely that the opening down gap to be back filled later today as bull/bear dynamics indicating bulls still firmly in control .......................
Edited by redfoliage2, 16 February 2024 - 10:44 AM.
#154
12SPX
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- 12,720 posts
Member
Posted 16 February 2024 - 10:49 AM
Starting my short build at 5035....
#155
redfoliage2
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- Traders-Talk User
- 18,080 posts
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Posted 16 February 2024 - 10:53 AM
Bull/bear tug of war going on, bear may win by the close as PPI data out tomorrow morning not going to be good....................
PPI up unexpected, YOY up from 0.1 to 0.9. MOM up from -0.1 to 0.3. I warned yesterday ................
Well, I'd expect this event-induced dip likely will be bought. In a bull market buying dips is the winning way and this is a strong bull market ..........................
BTW, even with this unexpected Jan. PPI the PPI trend is still clearly down for both YOY and MOM. I see the Fed would not be alarmed by this. As long as the Fed not planning to raise the rate the current bull run will continue .........................
I bought ES and NQ calls at this dip.....................
It's likely that the opening down gap to be back filled later today as bull/bear dynamics indicating bulls still firmly in control .......................
BTW, NVDA reporting early next week and it's going to be record breaking. With Generative AI making progress every day it's more likely for NVDA to make new highs .................................
Edited by redfoliage2, 16 February 2024 - 10:57 AM.
#156
12SPX
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- 12,720 posts
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Posted 16 February 2024 - 11:02 AM
Also starting my short build on the ndx at 17825... Gonna keep it wide.....
#157
12SPX
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Posted 16 February 2024 - 11:22 AM
And just like that average short 5040, 17842 lol
#158
dTraderB
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Posted 16 February 2024 - 11:45 AM
Closed ES LONG 5048.5
ES 5019.5 LONG
2 each
[quote name="dTraderB" post="904778" timestamp="1708090256"]
NQ 17945 LONG
[quote name="dTraderB" post="904773" timestamp="1708086392"]
Will place LIMIT ORDERS for NVDA & ARM CALLS & PUTS. PREFER THE ETFs in the chip sector but they are not as active & not as many newbies trading them. Newbies like NVDA, ARM etc
[quote name="dTraderB" post="904772" timestamp="1708086211"]
ES 5350.5 LONG
HOLDING 1 EACH ES & NQ
Will add NQ LONG before or after reports
Will add SPY & QQQ PUTS ABOVE ES 5060 & NQ 18100
[quote name="dTraderB" post="904760" timestamp="1708030383"]
Closed 17907
[quote name="dTraderB" post="904757" timestamp="1708027342"]
NQ 17903
[quote name="dTraderB" post="904754" timestamp="1708025521"]
Closed 17913
[quote name="dTraderB" post="904753" timestamp="1708024274"]
NQ LONG 17902
[quote name="dTraderB" post="904752" timestamp="1708024158"]
Closed 17922
[quote name="dTraderB" post="904751" timestamp="1708022695"]
NQ 17903 LONG
[quote name="dTraderB" post="904750" timestamp="1708021980"]
Closed 17930
[quote name="dTraderB" post="904706" timestamp="1708003603"]
NQ 17892 HEDGE LONG
Will open ES below 5018
[quote name="dTraderB" post="904688" timestamp="1707945467"]
Closed ES HEDGE LONG 5018.75
ONLY 1 NQ HEDGE LONG REMAINING.
[quote name="dTraderB" post="904687" timestamp="1707943951"]
Closed NQ HEDGE LONG 17864
[quote name="dTraderB" post="904685" timestamp="1707942650"]
Closed NQ HEDGE LONG 17838
Closed ES HEDGE LONG 5009.5
[quote name="dTraderB" post="904660" timestamp="1707927675"]
NQ HEDGE LONG 17717.5
WILL OPEN ES HEDGE LONG BELOW 498O
[quote name="dTraderB" post="904645" timestamp="1707912839"]
Closed NQ HEDGE LONG 17805
[quote name="dTraderB" post="904644" timestamp="1707912714"]
Closed ES HEDGE LONG 4997
[quote name="dTraderB" post="904610" timestamp="1707846695"]
ES 4977 LONG
[quote name="dTraderB" post="904606" timestamp="1707844616"]
NQ 17705.5
[quote name="dTraderB" post="904601" timestamp="1707838356"]
Closed NQ 3 17750
[quote name="dTraderB" post="904580" timestamp="1707831178"]
4990
17690
[quote name="dTraderB" post="904579" timestamp="1707830857"]
Will add hedge lings below ES 5K & NQ 17700
[quote name="dTraderB" post="904572" timestamp="1707826031"]
NQ 17810 LONG
[quote name="dTraderB" post="904560" timestamp="1707763222"]
NQ 18OO1 LONG[/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote]
#159
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 16 February 2024 - 01:07 PM
ES 5935.5 LONG
Closed ES LONG 5048.5
[quote name="dTraderB" post="904795" timestamp="1708095353"]
ES 5019.5 LONG
2 each
[quote name="dTraderB" post="904778" timestamp="1708090256"]
NQ 17945 LONG
[quote name="dTraderB" post="904773" timestamp="1708086392"]
Will place LIMIT ORDERS for NVDA & ARM CALLS & PUTS. PREFER THE ETFs in the chip sector but they are not as active & not as many newbies trading them. Newbies like NVDA, ARM etc
[quote name="dTraderB" post="904772" timestamp="1708086211"]
ES 5350.5 LONG
HOLDING 1 EACH ES & NQ
Will add NQ LONG before or after reports
Will add SPY & QQQ PUTS ABOVE ES 5060 & NQ 18100
[quote name="dTraderB" post="904760" timestamp="1708030383"]
Closed 17907
[quote name="dTraderB" post="904757" timestamp="1708027342"]
NQ 17903
[quote name="dTraderB" post="904754" timestamp="1708025521"]
Closed 17913
[quote name="dTraderB" post="904753" timestamp="1708024274"]
NQ LONG 17902
[quote name="dTraderB" post="904752" timestamp="1708024158"]
Closed 17922
[quote name="dTraderB" post="904751" timestamp="1708022695"]
NQ 17903 LONG
[quote name="dTraderB" post="904750" timestamp="1708021980"]
Closed 17930
[quote name="dTraderB" post="904706" timestamp="1708003603"]
NQ 17892 HEDGE LONG
Will open ES below 5018
[quote name="dTraderB" post="904688" timestamp="1707945467"]
Closed ES HEDGE LONG 5018.75
ONLY 1 NQ HEDGE LONG REMAINING.
[quote name="dTraderB" post="904687" timestamp="1707943951"]
Closed NQ HEDGE LONG 17864
[quote name="dTraderB" post="904685" timestamp="1707942650"]
Closed NQ HEDGE LONG 17838
Closed ES HEDGE LONG 5009.5
[quote name="dTraderB" post="904660" timestamp="1707927675"]
NQ HEDGE LONG 17717.5
WILL OPEN ES HEDGE LONG BELOW 498O
[quote name="dTraderB" post="904645" timestamp="1707912839"]
Closed NQ HEDGE LONG 17805
[quote name="dTraderB" post="904644" timestamp="1707912714"]
Closed ES HEDGE LONG 4997
[quote name="dTraderB" post="904610" timestamp="1707846695"]
ES 4977 LONG
[quote name="dTraderB" post="904606" timestamp="1707844616"]
NQ 17705.5
[quote name="dTraderB" post="904601" timestamp="1707838356"]
Closed NQ 3 17750
[quote name="dTraderB" post="904580" timestamp="1707831178"]
4990
17690
[quote name="dTraderB" post="904579" timestamp="1707830857"]
Will add hedge lings below ES 5K & NQ 17700
[quote name="dTraderB" post="904572" timestamp="1707826031"]
NQ 17810 LONG
[quote name="dTraderB" post="904560" timestamp="1707763222"]
NQ 18OO1 LONG[/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote][/quote]
#160
12SPX
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- 12,720 posts
Member
Posted 16 February 2024 - 01:09 PM
Hmmmmm, profit stop 17840 will sell higher
