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Another pullback bought, new ATH? FED playing politucs?


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#11 12SPX

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Posted 08 April 2024 - 07:36 AM

So far its not looking like its a crash day as I heard lots of over the weekend, maybe when the eclipse happens the sun won't come back and be stuck behind the moon or something lol!!  There is something seriously wrong with the market though as its not smart enough to correct when it has the excuse so it's setting itself up for an ugly fall.  With the 10-year bond continuing to back up now at 4.46%, something bad is going on in the backround that we don't know about and I'm questioning if it is just inflation or not.  Nonetheless I'll just keep my short on now at 5240 and started an ndx short 18350 with a profit stop of 18345.....



#12 12SPX

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Posted 08 April 2024 - 08:00 AM

Hmmmmm well out of my ndx trade for a 5 point profit and back in starting a new short build at 18350 and 5240....



#13 dTraderB

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Posted 08 April 2024 - 08:06 AM

Closed 1 WTI CRUDE LONG 86.57
HOLDING 2

#14 12SPX

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Posted 08 April 2024 - 08:41 AM

And just like that from another poor start to over exhuberant people lol!!  Profit stop 18300, sell above



#15 12SPX

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Posted 08 April 2024 - 08:51 AM

Sorry I've changed my mind I'm redoing my profit stop up at 18345 once again, just want to see what happens by the end of the day....



#16 dTraderB

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Posted 08 April 2024 - 09:35 AM

Added 2 each qqq & spy puts
Closed 1 crude long
Holding 1

#17 dTraderB

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Posted 08 April 2024 - 09:36 AM

Messy Monday... not too motivated for high risk trades

Sorry I've changed my mind I'm redoing my profit stop up at 18345 once again, just want to see what happens by the end of the day....



#18 12SPX

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Posted 08 April 2024 - 09:42 AM

Guess I should have just kept it at 300 lol!!  Oh well out for a 5 point profit and back in with a short at 18360 now....



#19 12SPX

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Posted 08 April 2024 - 10:57 AM

Lets see about this one, profit stop 18350, am going to head out and do some errands etc as this market is just boring to watch with no volume so let you know what happened later on...



#20 redfoliage2

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Posted 08 April 2024 - 11:38 AM

VIX dropping, the intra-day dips likely to be bought up as many traders back from vacation today ..........................


Edited by redfoliage2, 08 April 2024 - 11:45 AM.