71 replies to this topic

[dTraderB]

"Navigating US rates, global tariff tensions"
Asian markets are set for a rocky open on Monday following Wall Street's selloff on Friday, as U.S. inflation concerns bubble up and global trade war fears intensify after President Donald Trump said he plans to announce reciprocal tariffs on many economies early this week.

Trump's comments mark an escalation of his 'America First' offensive to reshape global trade relationships. There may be a reprieve, like there was with the Mexico and Canada tariffs recently, but if not, many Asian economies are vulnerable.

This will only deepen the nervous sentiment following the bruising day on Friday, where the big three U.S. indices lost 1% or more. Australian and Japanese stock futures are pointing to lower opens on Monday.
-- REUTERS

[dTraderB]

Bears Raise the Stakes

"A similar move would take the SPX to around 5843-66. It may also mean that Monday's weakness does not immediately recover as it has in the last two weeks. Markets like to change things up, especially when the majority expect something to happen. Given the expectation of a Monday reversal, it may only take a few days of selling to turn bulls into bears again and lead to a more sustainable bottom later in the week.

Of course, a "change" could be any number of things - Monday's session could surprisingly open higher, or there could be a much more shocking move lower. Buying dips and selling strength was the optimal tactic three times in a row at the December high, until...."

https://mailchi.mp/m...ay-another-card

[dTraderB]

ES SHORT 6068.25
NQ SELL LIMIT 21720
YM SELL LIMIT 44565

[dTraderB]

Closed ym 44479

ES SHORT 6068.25
NQ SELL LIMIT 21720
YM SELL LIMIT 44565

[12SPX]

Sorry haven't reported but I've gotten so entwined in selling the daily options that I haven't been really day trading.  Did do a little bit earlier of back and forth shorting but would rather see it at 6100 to get a real good short.  I have been selling daily's there so in the end even if they were hit I would be short and still collect my premium which even with the slightest pullback becomes profitable with only hours left.  I'm liking not having to pay so much attention lol!!  The market remains volatile and will for some time in my view and even though regular sentiment is kinda bearish, on the outside with call option prices all I see is a lot of hope and dreams. 

[redfoliage2]

Today asset prices are showing a decoupling from USD as the Congress is actively working to raise or suspend the federal debt ceiling.  USD is likely topped ..................... 

Edited by redfoliage2, 10 February 2025 - 12:00 PM.

[dTraderB]

Quiet market, a few good trades, VST trading.

Will start new META PUT position now.

[dTraderB]

APRIL 715 or 720

Quiet market, a few good trades, VST trading.

Will start new META PUT position now.

[redfoliage2]

Today the Fed chief will be at the spotlight as he is to talk the Fed monetary policy before the Congress.  The market is looking for guidance from him on the rate cutting outlook.  He is likely to indicate the Fed still has a plan to cut rate this year ............................... 

Edited by redfoliage2, 11 February 2025 - 07:47 AM.

[12SPX]

I'm really having fun with these daily's raking in the premium abd not having to sit in front of the computer all day.  In less than one week I have taken in over 30 points.  With my conservative trades that I do with the regular option cycles that is about 6 months of trades!!  These daily options are just the biggest gambling scam ever in my view.  About the only thing I will say they are worthy for is buying cheap protection but the prices are just insane.  $10.66 on a trade less then 24 hours long wow.  Anyhow, with this nowhere market of sideways moves as we move into the other side of February I think volatility is just going to increase....