Jump to content



Photo

AI bubble bigger than DIT COM?


  • Please log in to reply
191 replies to this topic

#61 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 06:52 AM

Back below zero, with SPX, NQ at ATH

https://www.mcoscill...t_breadth_data/

#62 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 06:53 AM

Closed 1 nq long 20753.5

Nq long 20696.5

Es long 5631

Flat ES, NET SHORT 1 NQ
Possible resistance/reversal zone forming es 5640-50



#63 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 06:54 AM

Closed 1 es long 5644.5

Closed 1 nq long 20753.5

Nq long 20696.5

Es long 5631

Flat ES, NET SHORT 1 NQ
Possible resistance/reversal zone forming es 5640-50



#64 12SPX

12SPX

    Member

  • Traders-Talk User
  • 13,119 posts

Posted 10 July 2024 - 07:48 AM

The ever ending bull market which is actually not and this is when I start to feel bad for the people that get in here hoping to make a little money in the market.  In my view the market is setting itself up for a big top this year that may not be seen for quite some time or at the least until we see a bigger correction in the end, it is not a healthy market move once again.  With +17% gains, market extremely overbought, even put/call ratios at the most extremes in decades, calls way overpriced and bond yields still high at 4.28% why wouldn't it just make sense to take some profits and get your final +5% in t-bills till the end of the year lol!!  Adding to shorts this morning only because we have been up so many days going into all the trade data and earnings that I think won't be as good as people think in the end.  Average ES short 5578, 20379 now, I'll smooth them out later on...



#65 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 08:37 AM

Nq long 20730.5

#66 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 08:41 AM

Extremely extended markets.
Many are hoping for FED RATE CUT IN SEPTEMBER but bearish seasonality will most likely send markets down before that cut.

The ever ending bull market which is actually not and this is when I start to feel bad for the people that get in here hoping to make a little money in the market.  In my view the market is setting itself up for a big top this year that may not be seen for quite some time or at the least until we see a bigger correction in the end, it is not a healthy market move once again.  With +17% gains, market extremely overbought, even put/call ratios at the most extremes in decades, calls way overpriced and bond yields still high at 4.28% why wouldn't it just make sense to take some profits and get your final +5% in t-bills till the end of the year lol!!  Adding to shorts this morning only because we have been up so many days going into all the trade data and earnings that I think won't be as good as people think in the end.  Average ES short 5578, 20379 now, I'll smooth them out later on...



#67 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 08:43 AM

AAPL 230 PUT LIMIT ORDER

#68 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 09:12 AM

Close 1 nq long 20785.5

#69 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 09:21 AM

Nq long 20759.5

Close 1 nq long 20785.5



#70 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,680 posts

Posted 10 July 2024 - 09:22 AM

Es long 5645

Nq long 20759.5

Close 1 nq long 20785.5