[farooq]

They reverse script, morning down closing recover some.

[farooq]

They want to have zero value for 25 and 24 calls expiring today.

[farooq]

I think rally may continue Friday morning to noon than drop as most of the time on Friday, which usually carry over to Monday.

[joyceschoice]

Farooq - TNA did well today. I'm trying to read the "T" leaves in my cup. Your thoughts here? Thanks.

[farooq]

Last hour pull back says a lot. Market is going to ignores Mr. T for few days and gyrate as used to be. He is acting crazy going after Harvard. Deportations, denying court order and now Harvard are all diverting media and public from real issues of Taxes on US public through tariffs, inflation, devaluation of US $. Media is playing in his hands like puppet. These are pure and simple diversion. We open higher tomorrow.

[joyceschoice]

Thanks for the advice. I'm definitely early based on today's close. My 3rd order executed so now sitting with a $26.30 average. UVXY closed near highs so Monday is lower if there's any news that shakes the market further.

[farooq]

I will take 7 % profit and buy a spread with profit, for 12 weeks, 50 delta long and 20 delta short. It also gives you opportunity to buy it lower price again. And you still maintaining position. Do your own D/D. It is your money invest wisely.

[joyceschoice]

2 GTC buy orders filled today. Average is $28. I've lowered a 3rd GTC. to mid 20's. I buy small positions and space them out. It will be interesting to see how the market responds this week.

[farooq]

We closed on sell short, but I will have no position going forward till we climb enough. Better to preserve capital. Strange things happening on options expiration, so I am not confident with signal in 3X funds.

[farooq]

They are killing call options premium and selling puts and probably on Thursday will kill them too. I am still bullish.

[farooq]

As we open higher so it will see 10 % gain before meaning full pull back. Do your own D/D.

[joyceschoice]

As explained in my previous post. my gtc buy orders weren't executed for TNA and I'm being a bit stubborn. Maybe before April 2nd or after, they will be. GLTY

[farooq]

I hope many made re entry. Still 32.15 closing above will propel it up.

[farooq]

Was it a stop buy order? or a limit order?

[farooq]

It did close above and trigger Level 1 buy, Buy confirmation is above 32.35 closing for tomorrow. Take profit if no news at that level. Re entry cost is negligible.
Good luck and happy trading.

[joyceschoice]

It did. None of my buy orders executed on TNA . My UVXY sell did print so next week we'll see.

[farooq]

Closing above 30.71 today may change signal to weak buy in TNA.

[farooq]

Weak hands are tested again and again, If wants to be long buy in cash account and hold. If president does not take a u turn, better trade from short side.
Seems like tomorrow or on Friday we may run towards 34 in TNA. It may have done in the pre open session. Still no buyers in the market, every bid is taken away. As usual I covered my shorts too early.

[farooq]

Correction 31.81 is the number to be bullish, if close above that. This is for 2 days.

[farooq]

Closing above 32.50 will make me bullish today for short period.

[farooq]

We are already in bear market in Russell 2000, we are down 18 %. It needs 21% up move to reach previous high. Long Live the King.

[joyceschoice]

I'm eyeing the low $28 level for a counter trend bounce and UVXY to break $30.

[farooq]

Last statement is true.

[farooq]

Protect your capital.

[farooq]

If we close above yesterdays high, go long, trend may be changing.

[farooq]

I still think we need more proof for trend change. We were over sold so these are relief rallies. They will not last more than two days. Day trade you can scalp as we move higher. Good luck and happy trading.

[farooq]

I think we end up higher than opening. I am interesting to see how tomorrow work out.

[joyceschoice]

UVXY broke through 22 and closed above it. Tomorrow should be interesting.

[farooq]

Today action so far is extremely Bearish.

[farooq]

Closing above 38.20 is go long signal level 2.

[farooq]

Seems turn around day, Closing above 36.92 is level 1 buy signal.

[farooq]

Yesterday action confirm bearishness but closing became bullish. If we close above 38.08 I will be buyer.

[farooq]

We are still in short category.

[farooq]

Big money confused with Mr. Trump agenda and strange statement about SS. They are shaking confidence in US govt. It will have disastrous effect on US economy. If close today below 43.43 than close position. Stop were triggered, let's see if they run it in next week.

[farooq]

So a curve ball was thrown today after confirming level 2 buy signal on TNA yesterday, Closing above 43.43 will keep buy signal remain intact.

[farooq]

Signal on level 1 buy, waiting for confirm.

[farooq]

It may retest tomorrow today's high again.

[farooq]

It is on buy signal again.

[farooq]

Seems it wants to pull back along the other indexes.

[PonkenPlonken]

44s

[PonkenPlonken]

Fundstrats Tom Lee says investors are tired/afraid of the "rugpull" in small caps

[PonkenPlonken]

$$$

[PonkenPlonken]

43$ waiting for something to happen

[SmokeSignals]

is a big ass rally coming tomorrow friday?

[SmokeSignals]

Long Tits N Ass until Jan 25 wow.....

[SmokeSignals]

Tits N Ass on the move

[farooq]

New up leg should start soon.

[farooq]

May be a little pull back warranted but it will be new uptrend leg if market wants upward momentum.

[farooq]

Well we made a lot lower then my expectation. It made a huge run to Above August high. Now after the pull back ready to generate new buy Signal, Stop could be near 33.53 on closing basis. Please do your own D/D, If you make money, please contribute few % of wining to your area soup kitchen to help eliminate hunger, Good luck.

[farooq]

If we close below 39.36 it will be a strong sell signal.