155 replies to this topic

[dTraderB]

Closed 8 each spy & qqq puts
Closed aapl, nvda puts

[dTraderB]

Nq long 19038.5

[dTraderB]

Closed 2 each spy, qqq puts

Es 5538 long

Nq long 19038.5

[dTraderB]

Closed 2 each spy, qqq puts

Closed 2 each spy, qqq puts

Es 5538 long

Nq long 19038.5

[dTraderB]

Nq long 18850
Es long 5516.75
Great start in September, closing shorts, adding Hedging longs, small NET SHORT NOW.

[dTraderB]

"BAD NEWS is BAD NEWS in September" but new ATHs after this pullback

"Stocks in seasonal sneeze as factories flunk

Given that September historically tends to be the worst month of the year for stock market returns - with August a close second - then seasonal flurries like this probably should be treated as such. This too will likely pass.

And yet there's inevitably some anxiety that the sharp retreat from near record highs is rooted in something more fundamental. And on that score, this week's critical U.S. employment report and another dour reading on global manufacturing for August cranked up the tension again.

While factories in the U.S. and around the world have been spluttering for the best part of two years, there had been some sign of a manufacturing upturn earlier this year. But the sector seems to be suffering a relapse, not least as China's economy continues to struggle with its property bust and growth there wanes.

Key developments that should provide more direction to U.S. markets later on Wednesday:
Bank of Canada policy decision, news conference from BOC governor Tiff Macklem

US July job openings, July international trade balance, July factory goods orders; Canada July trade balance,

Federal Reserve publishes 'Beige Book' on economic conditions; European Central Bank board member Frank Elderson speaks

US corporate earnings: Hewlett Packard Enterprise, Dollar Tree, Hormel Foods, Copart

[12SPX]

With ya this morning d, took profits on my 5585 short from yesterday this morning for a profit of 60 points and went long on the ndx at 18875 profit stop 18876.  Market is resolving its overbought condition but we'll see how the day goes.  I'm sure the guy who bought the 300 million bet on the Vix around 22 call options is taking some profits this morning lol!!  It is looking like September will be volatile for sure.

[12SPX]

Whoops I put in the wrong stop but was just touching at the cash open but that's okay got it now, profit stop 18900....

[12SPX]

Boom out for a 25 point profit and trying a new long build at 18850, lets see what happens....

[12SPX]

profit stop 18925 now taht all the data is done and out as I type with a 75 point profit