338 replies to this topic

[dTraderB]

DULL DAY but still good trades in NQ, ES, YEN, CRUDE, and added a few PUTS. Closed 2 hedgw longs & did not add any... will add below ES 5240 & NQ 18250
RISK ON until major reports, earnings later this week. RISING YIELDS vs Rampant BULLLS:

"The 10-year U.S. Treasury yield on Monday rose to 4.464%, the highest since November, yet Wall Street avoided losses and the three major indices ended the day flat."

[dTraderB]

Will open new A50 & HSI LONGS below today's low.

Key developments that could provide more direction to ASIAN markets on Tuesday:
Taiwan inflation (March)
Japan consumer confidence (March)
Australia consumer confidence (April)

[dTraderB]

Perfect 20-minute 50-point NQ RALLY... ES also.

Key developments that should provide more direction to U.S. markets later on Tuesday:
US March NFIB small business survey,
Swiss National Bank vice chair Martin Schlegel speaks
US Treasury sells $58 billion of 3-year notes

[dTraderB]

Still below zero, lower low, can BULLS prevent another drop?
https://www.mcoscill...t_breadth_data/

[12SPX]

Woke up to a flat market so it will be interesting to see if we have an exact duplicate of yesterday with the pajama traders to exuberant.  Still holding my short at 5240 and was taken out of my ndx short at 18350 as I said yesterday for a 10 point profit and now back in at 18360.  Getting tired of day trading might take a break soon as its so much easier just selling option premium.  Is nice watching the April premium really starting to fall off now as were in that 10-day period before expiration.  The 5400 call option that I put up here for an example at the start of this cycle initially at $17 then $22.50 with an add is trading at $4 now with 8 trading days left in this expiration cycle.  There are still high odds of this cycle being a down cycle which is around the 5117 cash level so we'll see how it goes, at this point I want it to stay above lol.....

[dTraderB]

Closed:
1 ES LONG 5273 25
NQ LONG 18398

[12SPX]

Okay can't resist, short at 5240 and average ndx short at 18380.....

[12SPX]

Wow, what a jump in call option prices, screaming bullish in the dailys!!  yesterdays 5350 was trading at .15 all day, tomorrows that expires at the end of the day jumped to $1.50 wow, no wonder the market just lost steam lol.  Profit stop 18379, sell above....

[dTraderB]

NQ LONG 18345.5

Closed:
1 ES LONG 5273 25
NQ LONG 18398

[dTraderB]

Add 1 WTI 86.35 LONG