SELL IN MAY... but stay!
#21
Posted 06 May 2024 - 08:15 PM
https://www.mcoscill...t_breadth_data/
#22
Posted 06 May 2024 - 08:26 PM
LIMIT ORDERS SELL 154.724, 155.224
HOLDING 3 SHORTS
Will place orders, set alerts, after A50 & HSI markets open at 9:30....
#23
Posted 07 May 2024 - 07:30 AM
Cxl 154.724
Limit sell 155.214
ADD USDYEN SHORT 154.224
LIMIT ORDERS SELL 154.724, 155.224
HOLDING 3 SHORTS
Will place orders, set alerts, after A50 & HSI markets open at 9:30....
#24
Posted 07 May 2024 - 07:34 AM
No big swings down this morning so nothing to do but add to shorts bringing my average up to a nice even 5150 and 18,000. As I always say I don't mind markets that rise but when its a straight up affair its not healthy. +3% in 3 days is not healthy and so were more likely to see a -1.5% pullback anytime and I have a feeling that with consumer debt figures coming out later today and the 10-year bond auction might not going as well as people would hope that is where we'll see volatility kick up again.
#25
Posted 07 May 2024 - 07:36 AM
FINALLY AAPL rallied but am not too impressef with the stock unless it breaks out above 185. It may do so today after news of new AAPL AI CHIP...and NVDA down 9 after that news. I am flat NVDA & SMCI but mat add on any pullback more than 2%
#26
Posted 07 May 2024 - 07:37 AM
No big swings down this morning so nothing to do but add to shorts bringing my average up to a nice even 5150 and 18,000. As I always say I don't mind markets that rise but when its a straight up affair its not healthy. +3% in 3 days is not healthy and so were more likely to see a -1.5% pullback anytime and I have a feeling that with consumer debt figures coming out later today and the 10-year bond auction might not going as well as people would hope that is where we'll see volatility kick up again.
#27
Posted 07 May 2024 - 07:39 AM
US March consumer credit
Minneapolis Federal Reserve President Neel Kashkari speaks
US corporate earnings: Walt Disney, Duke Energy, Mckesson, Occidental Petroleum, Sempra, Assurant, Wynn Resorts, Rockwell Automation, Reddit, Arista Networks, Lyft, Match, Henry Schein, Electronic Arts, Jack Henry, Bio Rad, TransDigm, NRG, Kenvue etc
Chinese President Xi Jinping in France and Serbia as part of week-long visit to Europe
UK finance minister Jeremy Hunt answers questions in parliament
US Treasury auctions $58 billion of 3-year notes
#28
Posted 07 May 2024 - 07:45 AM
Moving on.... these are extended, at or near
Overbought extended zones:
https://www.marketin...llan-oscillator
#29
Posted 07 May 2024 - 07:49 AM
Did many such trades yesterday ... requires patience, focus, and STICK TO THE PLAN & METHOD required in these trades. I prefer to err on the side of taking profits TOO SOON in these ST & VST trades
#30
Posted 07 May 2024 - 07:52 AM
"Everything Apple will announce at its iPad event on May 7: iPad Pro, Air, Pencil, and more
Ahead of WWDC in June, Apple is expected to unveil new iPad Pro and iPad Air models at this Tuesday's virtual event."
I do not think this market rallies much from these levels but will daytrade ST & VST NQ LONG & SHORT as I did yesterday. Am small net SHORT & will liquidate more LONGS if market rallies, that is GET SHORTER IF MARKET RALLIES.
FINALLY AAPL rallied but am not too impressef with the stock unless it breaks out above 185. It may do so today after news of new AAPL AI CHIP...and NVDA down 9 after that news. I am flat NVDA & SMCI but mat add on any pullback more than 2%