99 replies to this topic

[dTraderB]

Markets very extended ' 8 consecutive up days !
I am still not confident the buy frenzy is over. Maybe 2 to 5% retracement & up again.

Smoothing out my short and adding quite a bit overnight as we continued to move up as I think were approaching a break time, average short 5567.

[dTraderB]

Will start new SMCI LONG BELOW 600. VERY SMALL LONG, MAYBE ONLY 1 CALL, and add slowly.
TLTVonce again a star performer, near YTD HIGHS, but I hold all LONGS below
99.9

Holding small NVDA LONG, NIT ADDING unless beliw 120
Holding all googl, amzn, all SPY & QQQ PUTS, aapl puts, and es, nq shortd.
BIG SHORT POSITION

Looks as if another RED AUGUST for me unless markets drops by more than 3% from highs today

[beta]

Low volume summer trading makes it easy to push around.  McOsc is in the topping zone, and I think you'll hit your number soon enough.   Maybe this week.

[redfoliage2]

It really depends and there is good chance it can cause a big sell-off...........................

Edited by redfoliage2, 20 August 2024 - 11:30 AM.

[dTraderB]

Long nq 19795

Nq long 19805
Es long 5623.5

[dTraderB]

Es long 5618.75

Net short 1 each es, nq

Long nq 19795

Nq long 19805
Es long 5623.5

[dTraderB]

Close nq long 19930

Es long 5618.75

Net short 1 each es, nq

Long nq 19795

Nq long 19805
Es long 5623.5

[dTraderB]

Closed es long 5646.5

Close nq long 19930

Es long 5618.75

Net short 1 each es, nq

Long nq 19795

Nq long 19805
Es long 5623.5

[dTraderB]

Nq long 19816.5

Closed es long 5646.5

Close nq long 19930

Es long 5618.75

Net short 1 each es, nq

Long nq 19795

Nq long 19805
Es long 5623.5

[12SPX]

Rounding up again, average short 5570