194 replies to this topic

[redfoliage2]

It was all about the Nov monthly OpEx last week and now it's back to the starting point in terms of the monthly options cycle.  We are likely to see a rewinding in the market this week ......................... 

Edited by redfoliage2, 18 November 2024 - 08:01 AM.

[redfoliage2]

TOM is bullish into December:
"...If you're still clinging to the hopes of a secular, or even cyclical, bear market right now, I think you need to leave personal biases at the door and look at this market objectively. All-time highs nearly always beget more all-time highs. In my lifetime, I've only seen TWO all-time highs that marked major tops - one in 1973 and the other in year 2000. Constantly searching for that major top is what leads to significant underperformance. Personally, I believe the next major top (leading to a secular bear market) is most likely a decade away. We'll all find out together.

So I'm in a position believing that stock prices are going to go higher. I'm also of the belief that many of the same leaders shown above in the Top 12 groups since 2013 are going to lead the next leg higher in this secular bull market. Therefore, I'm paying particularly close attention to these charts......and one of them just broke out and started to lead on a relative basis during the past week.

https://stockcharts....-out-a-724.html

I see we are likely to see an end of year rally to see SPX at 6000 again regardless the Fed to cut or not at its Dec meeting.........................

Edited by redfoliage2, 18 November 2024 - 08:11 AM.

[redfoliage2]

It was all about the Nov monthly OpEx last week and now it's back to the starting point in terms of the monthly options cycle.  We are likely to see a rewinding in the market this week ......................... 

Including the Fed chief unusual action less than a day before the settlement time ...................

Edited by redfoliage2, 18 November 2024 - 08:41 AM.

[dTraderB]

Will buy a few NVDA CALLS below 139, now just below this price

[dTraderB]

Will open new SPY, QQQ CALL position... still not decided levels to start...
Small & slow initially. Will close very small PUT position

[12SPX]

Almost touched my buy level last night at 5916 but my rogue fill for over night only saw selling so added a little earlier to bring my long average down to 5910 as I agree with red a lot of that selling was likely expiration caused and since were starting a new cycle likely see some buying as there were no big events occur over the weekend.  Were now in the December cycle and there is still to much premium between futures and cash so after this week we'll likely see pressure there.  Calls seem to be pretty neutral this morning also so maybe bullishness is starting to come down.  Should be an interesting week.....

[dTraderB]

2 NVDA 2412 138 calls @ 137.85

Will add belowv135, buy PUTS before 4pm Wednesday

[dTraderB]

It ×appears× as 8f market was spooked by combination of FED reluctance to promise DEC RATE CUT & bit of political uncertainity about easy passage of TRUMP appointees. The latter may derail the TRUMP TRADE. But, I expect BIG DEC/JAN RALLY and have started LONG by starting to close remaining SPY & QQQ PUTs. I am not ruling out ES 5850 or lower this week

Almost touched my buy level last night at 5916 but my rogue fill for over night only saw selling so added a little earlier to bring my long average down to 5910 as I agree with red a lot of that selling was likely expiration caused and since were starting a new cycle likely see some buying as there were no big events occur over the weekend.  Were now in the December cycle and there is still to much premium between futures and cash so after this week we'll likely see pressure there.  Calls seem to be pretty neutral this morning also so maybe bullishness is starting to come down.  Should be an interesting week.....

[dTraderB]

TESLA UP 7% @ 345 - will start PUT position above 350. I think TESLA is now a BUBBLE stock that can hit 400 or even 500 & then crash in Jan 2025 or later

[redfoliage2]

I see intra-day dips likely to be bought and ES to end the week around 6000 .....................

Edited by redfoliage2, 18 November 2024 - 10:22 AM.