75 replies to this topic

[redfoliage2]

 

At this juncture the easy money was made as they kicked the can down the road for two weeks ...............................

 

Well, a pullback looks in the cards for tomorrow as the market has got ahead of itself ............................

 

The pullback did not last for long after the market open today as bulls got more fuels upon reports that top Iranian delegate is on its way to Pakistan seeking “ironclad" security guarantees from mediators, marking the beginning of a high-level diplomatic effort aimed at mediating talks with United States ...............................

 

Stakes Rise for Pakistan as it Prepares to Host US-Iran Face-to-Face Talks – The Diplomat

Edited by redfoliage2, 09 April 2026 - 11:23 AM.

[12SPX]

Couldn't report I bought back the 6850 calls I sold yesterday for a $2 profit as I was playing padel but my sold 6880's expired worthless at the end of the day with the ongoing rally of hopes and dreams.  Will be interesting to see how it goes today going into the weekend again so I sold the 6910 daily calls yesterday for $4.10.  Will also be interesting to see how the market reacts to cpi data in a few minutes but that may also pressure the market a bit in the end.  Going to be a fun end to the week!! 

[12SPX]

Market has had a nice run this week slowly moving higher on hopes and dreams about the war being over but even outside of that there are other worries so unless I see some actual selling its hard to sell both sides of the market.  I'm surprised so far no one is taking any profits today going into the weekend, hopefully later today!!! 

[12SPX]

Came back and out of my 6910 call trade for a $2.10 profit, seems to be the way it is going as we end this week.  The market is setting itself up terribly here as calls are through the roof in bullishness now!! 

[12SPX]

Back again, should have hung onto my 6910's but while I was gone did sell Monday's daily 6920 for $10 as I don't mind going into the weekend with it on and I finally see the market is pulling back!!

[redfoliage2]

A quiet day as the delegates from both sides have arrived in Pakistan to start peace talks over this weekend...........

[redfoliage2]

A quiet day as the delegates from both sides have arrived in Pakistan to start peace talks over this weekend...........

[redfoliage2]

But crude oil price is dropping today...........

[redfoliage2]

SPX future gapped down at the open today not only because of the market negative reaction to the failed peace talks between US and Iran over the weekend, but also because of the index had gone up so much last week as to a place just about 2% below its high of the year promoted by the hope on the peace talks. This is just a return to the reality there......

Edited by redfoliage2, 12 April 2026 - 05:26 PM.

[redfoliage2]

Let's see if the market will go for a retest of the recent low in this monthly OpEx week...........

Edited by redfoliage2, 12 April 2026 - 05:45 PM.