The 'Mother' Of All Melt-Ups - Markets Surges Back To Overbought As Investors Go ‘All In’“

Closed the first NQ HEDGE LONG +79.5 points

Good day, lots of daytrades as markets moved down but then rallied during the afternoon session and then into the close. 

1 NQ HEDGE LONG 13780 

43 SPY PUTS

49 VXX CALLS

Second losing week for 2021.  Big profits in NQ daytrades, ES HEDGE LONG, and NQ HEDGE LONG but 

big losses in VXX CALLS and SPY PUTS

All 21 APRIL VXX CALLS looks like being worthless unless market tanks, 

43 SPY PUTS
49 VXX CALLS
1 NQ HEDGE LONG 13735.75

 

 

Carl warns ... we'll see how it goes tomorrow, still lots of dip buyers.

"Of particular concern are the Swenlin Trading Oscillators, short-term indicators that have been quite prophetic at market tops and bottoms -- currently, they are topping. "

https://stockcharts....cillat-855.html

Still hanging on with my average short now 4060.  Gonna be an interesting week as were just above my expiration cycle numbers now.  If we see any type of a pullback the premium is gonna really fall.  My numbers say it should be a down week but I guess we'll see!

BULLS showed strength in rallying from early weakness.

By the close today SPX formed a Doji with VIX up a little and internals down - Not a bullish setup for tomorrow ...........................

Did my daily add lol!  Average short 4077!  Gonna start putting in for overnight sells lol!  Market is ridiculous right now, for some reason biden=volatility is dead which means an unhealthy market once again. 

Closed the first NQ HEDGE LONG +79.5 points
Good day, lots of daytrades as markets moved down but then rallied during the afternoon session and then into the close. 
 
1 NQ HEDGE LONG 13780 
43 SPY PUTS
49 VXX CALLS
 

Second losing week for 2021.  Big profits in NQ daytrades, ES HEDGE LONG, and NQ HEDGE LONG but 
big losses in VXX CALLS and SPY PUTS
All 21 APRIL VXX CALLS looks like being worthless unless market tanks, 
43 SPY PUTS
49 VXX CALLS
1 NQ HEDGE LONG 13735.75
 
 

Can't resist starting to sell some May 4200 calls for $37.  Will see about adding after expiration and where those numbers end up, still indicating a -1% pullback from here! 

Big banks to report tomorrow and their earnings must beat as the market getting excited today.  It looks more rally tomorrow unless the big banks disappoint  ..........................

Edited by redfoliage2, 13 April 2021 - 02:34 PM.

Can see at least a small pullback coming that's all I want but my numbers indicate about a -1% down week so we'll see in the end...  Bullishness is way outta hand and market is in the extreme overbought area! 

bullishness is way out of hand??????   sez who      https://money.cnn.co...fear-and-greed/

Searching for straws hey chief lol!  I've noticed you've ignored your AA report as they say its so extremely bullish the market should be tanking from it.  Highest bullish level in years lol!  Put/call ratios hitting record lows also.  Just a matter of time, market never goes up forever and never goes down forever.  Can't see this being a 40% plus year with an average earnings level of 48 plus on the S&P!  Average short 4082!