BULLS hold ES 4350 & bounce or ES 4200 this week
#21
Posted 11 October 2021 - 01:11 PM
QQQ still above 360
Am tempted to buy more calls even as QQQ is above my entry price level... but no, got to be patient.
#22
Posted 11 October 2021 - 01:30 PM
Will reopen above 81
#23
Posted 11 October 2021 - 01:39 PM
As SPX dropped back into the down channel with a bearish intra-day reversal, the index is to have more downside to go. So watch ES tonight .......................
Edited by redfoliage2, 11 October 2021 - 01:48 PM.
#24
Posted 11 October 2021 - 02:24 PM
As SPX dropped back into the down channel with a bearish intra-day reversal, the index is to have more downside to go. So watch ES tonight .......................
Likely a gap-down for tomorrow .........................
#25
Posted 11 October 2021 - 03:49 PM
Looks like NEW LOWS for this decline from the ATH, could trade below SPX 4200 before it bottoms
As SPX dropped back into the down channel with a bearish intra-day reversal, the index is to have more downside to go. So watch ES tonight .......................
Likely a gap-down for tomorrow .........................
#26
Posted 11 October 2021 - 03:51 PM
Quite weak, bulls seem a bit skittish
I am looking for test of recent lows and possible drop to ES 4200 ... and maybe lower
Then rally hard into end of week!
One thing that is worrying me is that Nov options are way to bullish so any upside may be limited here....
#27
Posted 11 October 2021 - 03:55 PM
Turned out to be a profitable strategy to mainly daytrade NQ, QQQ CALLS, CRUDE short
37 QQQ CALLS
1 NQ HEDGE SHORT
Flat crude, nat gas, vxx
Will close another 4 to 6 QQQ CALLS IF IT TRADES ABOVE 363.5
or will add more below 360
32 QQQ CALLS
6 CRUDE SHORT
1 NQ SHORT HEDGE
100% GREEN last week - all 5 days, but Friday was up by only $620 mainly because I had closed most positions by noon on Thursday, and ended the week with only this:
38 QQQ CALLS
1 NQ HEDGE SHORT
Flat everything else.
Looking to short CRUDE above 80, it is just above this now
May also short NAT GAS but only above 5.90
#28
Posted 11 October 2021 - 03:56 PM
#29
Posted 11 October 2021 - 04:02 PM
BRENT 83.6, HOD 84.6
#30
Posted 11 October 2021 - 04:05 PM
Why I Would Be Cautious on Banks Going Into Reporting Season.
Bank stocks are among the most favored value plays of many money managers and strategists based on the fact that the industry is a direct beneficiary of higher interest rates.
...But for banks to profit after a great run since March, 2020, rising rates I believe - and it is the case historically - have to be accompanied
by an improving economy. And, unfortunately, as expressed in our opener, that is not the case: "Citigroup's Global Economic Surprise Index has turned negative and has fallen to levels historically associated with an economic slowdown/recession"
Edited by dTraderB, 11 October 2021 - 04:05 PM.