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The decay was tough with the sideways channel. Hopefully you made a couple bucks. I think we see a move out of this channel in the next day or two, based on the lines of the chart. I'm in IWM calls as of the close. Higher lows, but no higher highs yet. We'll see. Not risking much until a direction emerges again.
Nice call on gap and crap. Maybe we start a Trump waterfall. He is a waterfall man...if you've ever played any of his golf courses.
If it stays in its channel then 112ish may hold it up. Right now odd ball trendline is supporting price. How did you get 104?
Proabably fart around at this level....hitting trendline from july/september tops..if tanks through could get interesting....but that's not how it works
Watching that 136.5 area...been defended for a couple days now. Like jones said, this needs a decent pullback then I believe we make new highs. Just following the channel down for now. Not sure what happens this afternoon. What's your target?
Yes. Tulips. There is nothing saying the bulls are going to stop, especially if they keep taking out the shorts, which means they are adding to it by having to buy stock.
Just saying, the chart is pretty bullish if you forget about the politics. I may add some way OTM calls tomorrow...puts sure aren't working all that well
I still don't have a good feeling for the short term for puts. Seems there is no end to this until something changes everyones thinking. Chart says pull back may be near but once things go parabolic...almost like trading penny stocks
March is good. I have some March 120's also, Dec 23 132's and bunch of SPY out dated puts. Down big on puts even with averaging. Didn't trust calls enough to hang on...Life
I think my lines moved. After looking again, this 138 level is barely pushing through the weekly/monthly trendline, at least how I draw it. Tough fighting the tape
Monthly chart clearly showing 140 as possible top via trendlines. Bearish divergence on the daily rsi...but bulls are winning right now. Tough fighting the tape...added some march puts today...guess i like to piss money good bye
No doubt. One of these days it'll get some steam to the downside. Maybe today...
Quite a run. I have some lines overlapping at 133.5, another at 135 and 140.
I agree that it needs to give some back...time will tell. Do like your 125 level, given where it will be coming from.
What is this reparations money that is going to be hitting the U.S. market all about? I see the dumb money on CNBC saying they are bullish into next year because of all the cash that will be hitting the U.S. Any thought?
Good call on staying short.
Time to turn bullish again, at least for a week or two?
True on the daily but that is a few points lower. I like to use trendlines for most entries and exits. It broke through one on Friday so I took the short. The 50 has given lots of support so we shall see. I'm a terrible trader as far as managing trades so don't follow me.
Breaking some supports...targeting 120 and 118.75. Maybe 117.75 but don't think it will make that...just trying for 120
Puts next week...210-211 I'm guessing
Right shoulder forming? Could see a pullback before next ATH.
Trading like a low floater though 1 billion o.s. will scare some away. Seems big holders are holding tight. If PR hits...will it disappoint as always or send this above a penny?
Pretty cheap options...hard to pass up some calls at these prices
Pretty weak here..closing for a small profit. WIll look to play downside below 120.
Long 120...stop 118.75...Target 122.5 and 127 Below 118 trenline short till 114...Playing with options...
You'll probably be spot on there. Maybe some chop or pullback next two days then the super bull continues. Can't fight the trend.
Who knows what's up here...maybe Dan? They stopped at .005, if they would have hit .007 really hard somethings up.
Stopped out on those puts. Looking back a couple years to when it went threw the upper trendline. There it ripped higher, so cutting it off with this break up though the closing price only matters. Every one looking for yield....calls may still be good..oh well
Someone wants in today. Soon
Bumping top trendline here 142.6's. Good place to dump calls. Took a tiny put position...nothing large but if market goes blue sky bonds have to rise...don't they?
Maybe I will...they still need to deliver for SP to sustain itself. GLTU
I hit the 18's after she looked to be turning up. But I won't buy another block here. They need to change the way they operate and actually do something. Time will tell if they change...its same old story right now.
Got stopped on those. Trying again with June 78's...close above the upper trendline im out again....last try
Chart pattern last week close to that of Jan 1st before meltdown. Have June 76 Put's...let her roll over.
Bull oil killed my puts. Done fighting this market.