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SELL IN MAY... but stay!


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#11 dTraderB

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Posted 06 May 2024 - 09:08 AM

Close 1 nvda call ... above 900 now
Will add 1 qqq, spy put at or near 5200 es, 18150 nq

#12 qqqqtrdr

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Posted 06 May 2024 - 10:19 AM

Since the beginning of the year Commodities were increasing showing inflation was high.  Over the last couple of weeks the commodities have started trending lower should signal lower inflation for the time ahead.   



#13 redfoliage2

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Posted 06 May 2024 - 10:41 AM

VST the market is in extremely over bought conditions.............................


Edited by redfoliage2, 06 May 2024 - 10:46 AM.


#14 redfoliage2

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Posted 06 May 2024 - 11:19 AM

VST the market is in extremely over bought conditions.............................

I'd be prepared for a VST consolidation in the afternoon or tomorrow morning  ............................


Edited by redfoliage2, 06 May 2024 - 11:22 AM.


#15 dTraderB

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Posted 06 May 2024 - 01:32 PM

Closed all NVDA CALLS

Close 1 nvda call ... above 900 now
Will add 1 qqq, spy put at or near 5200 es, 18150 nq



#16 dTraderB

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Posted 06 May 2024 - 01:33 PM

Closed all SMCI CALLS

#17 dTraderB

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Posted 06 May 2024 - 01:55 PM

AAPL down, blame that OMAHA guy, but I am back to small NET SHORT. WILL HOLD for now, daytrade NQ & YEN, close more longs above ES 5220..... and/or close SHORTS below 5175.
My bias is now SHORT.

#18 12SPX

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Posted 06 May 2024 - 02:16 PM

Can't help it average short 5145 and 17980 going into the night session.  This market is slower than anything  with no volume and doesn't belong here at all....



#19 redfoliage2

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Posted 06 May 2024 - 03:00 PM

We got a low volume breakout today, I see a back test on the breakout is in the cards, that could happen as soon as tomorrow ....................


Edited by redfoliage2, 06 May 2024 - 03:05 PM.


#20 dTraderB

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Posted 06 May 2024 - 07:33 PM

Tiring day with mainly ST & VST trades because I am not too confident of market direction. Holding small Short into the close. I do not want to be big SHORT OR LONG in this market.

Can't help it average short 5145 and 17980 going into the night session.  This market is slower than anything  with no volume and doesn't belong here at all....