.06 from filking,... darn near close enough!


Happy trades Net!

15m chart shows a very steady March lower today hanging underneath the 5 dma

SPY 60m looks interesting. We should see resolution after this candle prints. Sitting right at both the 10&20 dma’s now and today’s candles have created and symmetrical triangle of sorts that is running out of real estate.

We should know how this resolves no by 1:30 Eastern time

On pace for a new ATH at the open...l do we make a run to SPX 3000 before the next retreat? We shall see!

Trade happy...stay neutral!

I’ve got a bullish feeling heading into next week. ATHs on the horizon?

Yessir!

Unless something super obvious comes along in terms of price action I’m happy to let the puts I sold do their thing and live until a better setup.

Happy trades !

Next few days seem like a tough way to make money. I’ve got 288 puts that I STO middle of last week. Short of those I’ll likely be waiting for better price action

Happy trades

Boys and their dirty tricks !

Watching the close closely, but I think we squeeze higher. Bought some daily SPX puts, but they’re toast.

Sigh

I picked up some SPX 2890p for today expirations at 3.30.

Just a day trade.. I hear you on VIX. It’s not playing along for sure

Not sure why so many are running into puts this AM. Feels like a bear slaughter in the making.

Short squeeze could bring the pain-train for the bears

But Net... we aren’t supposed to close above 288.xx again in our lifetime !!!

I kid .. I kid. As usual this is always a changing landscape.

Happy Trades

As much as it pains me, we couldn’t have a more different long term outlook. Near term? Lower.. long term we still march higher imho

Happy trades

High of the day 288.85!

Within a penny!

Amazing !

6/5 puts have expired and I don’t think you meant 284s..

I still am slightly bearish near term, but I think we are heading higher this summer

I can’t figure this market out. Feels like I’m guessing. Going to TRY and wait for some clarity... whatever that means!

Stay Neutral!

I am so tempted to buy puts for next week, but this looks like a short squeeze. I’m getting back to cash anyways

Sold SPX 6/7 2850c @ 10.10 from 5.70.

All cash.

Oooh... flipping back to bull status!!!

I had a feeling. All the bad news is out there and baked in. We are just waiting on resolution to said bad news for us to resume our usual programming and head higher.

Just another dip to buy. That’s the only reliable pattern we’ve seen and it’s here yet again!

Happy trades! Let’s get recalibrated for next week!

Closed 2 of 4 SPX 6/5 2790c @ 10.30 from 7.00.

BTO SPX 6/7 2720p @ 3.40. Just 3 contracts.

Futures pointing to a gap up gift for the Bears. I’ll be shopping 6/7 276p at the open

The SPX 60-minute chart reached the most oversold this week since February and closed the week with a positive divergence

We could see a short term bounce before heading towards 2722 as the next stop lower.

So instead of the 40% move higher over the next two years your models predicted a couple weeks ago they now predict a 40% loss over that same time?

Those are some wild swings in predictions with markets only 5% from ATH... no?

Happy trades.

Droppin’ bomb after bomb this fine morning. I hope most realize how generous you’re being with your time. I started legging in yesterday.

SPX 5/24 2880c @ 3.10
SPY 5/24 285c @ 1.20

Sold half of each near the open this morning, so the remaining positions owe me nothing. That said, I’m looking to add to long positions on dips of meaning should they arise.

Happy trades

And here comes the close... she’s trying to print and ugly bearish engulfing final 60 minute candle of the day. Hmmmm

She a fickle beast,but she’s our fickle beast!

It may be a con, but shorting markets like these without a confirmed top printed is an easy way to lose money imho.

Way better risk reward scenarios to consider.

Yep... short squeeze looking to engage.

There’s 287! That bear case down to $265 is looking like it’s in some serious doubt. This action has exited relief bounce territory imo and we are seeing some genuine strength. I still sit on the sidelines as this does not look like a market to short and the trade war tariffs are already baked in.

Happy trades all

You sold ours that expired 2 days ago?

Me thinks there is a misprint - typo!

As I sit and wait-

I’ve been on the sidelines since moving to cash in late February. No need to rush back in here. I picked-off some long term value names for the IRA that got cheap today, but no trades initialed

Looking forward to even better prices coming available near term, but big picture this resolves higher imho.

Stay neutral , net

Net dropping serious knowledge here on a Friday night.

I’ve largely taken the last 60 days or so off. Starting to leg back in over these next 30 days to the long side

Happy trades

Interesting action, but I’m content to watch for now

All good... thanks for asking! Business has been nuts.. moved into double the office space and hired 26 new people and counting since Thanksgiving.. so my time has been limited.

Hope you guys and gals have been crushing it!

Tough day for the bulls. Have a good weekend

What hot garbage this became.

Translation : I have a bridge for sale.. you fools want in?

Lol... this board is always good for a laugh.

The S&P 500 is up >10% for the year thru February.

1997, 1991, 1987, 1976, and 1975 are the only other years since WWII to do that.

The final 10 months did this each year:

'97 +22.7%
'91 +13.6%
'87 -13.1%
'76 +7.8%
'75 +10.5%

0% chance of air traffic shutdown.

0%