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Oh I expect a repeat of same... just not convinced that starts tomorrow. I crushed puts today... rolled down a few into end of week. Also added a few 4/20 SPY ITM calls along with some TSLA 4/20 275c for fun.
Today’s the first close below 200sma since June of 2016...have to think it spends at least a few days down here, but who really knows
They’ll just gap it up and then dump it by lunch. Lol
Not to be confused with A river runs through it which is nearly identical and also starts Brad Pitt
This would be epic...lol
That’s what I’m thinking... no doubt there’s some downside on the horizon. Just one or two more earnings with taxes boosts before some reckoning
Not impossible...I just don’t see that on the immediate horizon. A lot of price action will take place between no and then imo.
The unwind ,coupled with inflation and rate movement, will certainly be interesting. Haven’t thought where multiples could land frankly, but an overshoot is likely given higher rates and balance sheet reduction
Agree with your timing and market direction heading into earnings. This week is probably the most interesting imo. 2585 holds on a closing* basis and we should be heading towards ath by May. If we close below on the daily I think we see a few days of ugly impulsive waves toward 2450 as we see final capitulation.
Either way, I too think the bottom will be in over the next 8-10 sessions. Mostly cash..waiting for the big move north to get underway
Funny how this post is coming to fruition.. there are no negative Q1s!!!
266.86 is where we opened the year. SPY needs to close above that level to avoid being the first down Q1 in 8 years.
Crieckets. Lol
China claims Kim Jong Un has agreed to denuclearize Korean Peninsula https://www.cnbc.com/2018/03/27/north-koreas-kim-jong-un-visits-china-according-to-state-media.html
Downside target of said bear market?
You’re bound to lose money if you are trading on those “events”. The hooker is a non-event and has ZERO impact on the markets. Read any of 1000 articles and you’ll see the trade war is fake news and posturing. China and the US have acknowledged working out a deal that works for both. No evidence of a trade war today. FB May be the only “event”, but even that is overblown as it already sold off to a valuation that has all the bad news priced. You’re letting noise impact your trading mindset.
But go ahead and buy out of the money puts... by all means. It is your money.
Happy trades.
Nope.. misread it! I’m imperfect and a child of a broken home. Lol
Sorry...not by April, but in April imho
April
60% chance of nuclear conflict? Based on what? You’re just making up numbers based on your opinion of the president. No facts that had it at 40% or moving it to 60%.
Closed these at 3.40. I think we head lower. Also sold SPX 3/29 2700 at 16.50 from 13.00
Still hold spy APR 272c from 2.25
Looking to jump back in googl 1150p for next week.. but no hurry. Could be a good afternoon to sit and watch.
Cash IS a position after all
NFLX 310c @ 2.80
Just a handful as these are weekly
Also looking at googl bouncing.
Looks like holding so far... agree with your thoughts on the spank!
Looking... but trying not to over trade.
2660 spy close on the 15m May have me look a little harder
Also , would like to see how the current 30m candle prints.
Thanks!
Closed all my puts on that push lower we just saw. Also added some SPX 2700 MAR 29 @ 13. Just a taste for now.
Been killing tech puts all day...tsla, googl , nflx, fslr.
Also, slow building a 272c position for APR
I’m waiting for NQ futures to close above 6880... which it’s about to.
SPX 60m looking BTFD fo-sho.. Bullish engulfing the previous candle and we are only 16 minutes in
NO ONE is even paying attention. They must REALLY not want to go back to work. No wisdom being given
Once these clowns shut up we rip
Lol
One never knows! Lol
Terrible day for trading
Truth!
Would love a test of the 2731 area with a close above. Thinking once we get through Powells first FOMC we should see ATH shortly thereafter
But Tuesday should provide a nice move
Thin volume is going to make that untradable I would guess
Bought some SPX weekly 2765p at 10.25. Think we could see a nasty dip heading into expiration. 2730 is my first target. We lose that and 2655 area could get a look.
Stay nimble
On my hands I sit.. made too much coin last week to give it back on a lack of patience
Yep.. she was pulling in the right direction as I was posting, then failed right at the mid BB as you pointed out. So we sit and wait
Take a look at the mid B.B. on the 60m chart. Huge hammer candle printing above that support after a dip below deep below.
MU 62.50 calls for next week @ 2.17. Just got a gap fill and a beast of a 60m hammer candle about to print. Could see 65 by week’s end
Also bought some NVDA 255c @ 1.73 and SPX 2785 @ 6.50
Playing fairly light.. have had a great couple weeks.
I’ll be a buyer if SPX depending on how this 60m candle shapes up
Spx just tested and bounced the mid BB on the 60m. Think that’s the big support of the day