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And it’s pretty much back in the area where I initiated... lol... spy
You put your right foot in... you take your right foot out... and shake it all about...! Pretty sure that’ll explain most of it..! sorry if you expected something serious..! It’s Friday..! Glty spy
Spy should prob try to get up above 320 by close or it may be opening at around 316ish...? Maybe... gla spy
Was he handing you an Edward Jones Pamphlet...?!? Cuz that wasn’t your mailman it was Da Boyz impostering...!!!! Lol... spy
Ok so added Vxx 33c for next week... not that I expect it to hit just added protection here... more then likely gonna hold everything into Monday... and most likely just watching the rest of the day..! Gla spy
Straddled... 317p 319c for Monday... waiting for more confirmation on direction... we will see how much premium we burn until then lol... gla spy
Inverse plays hardly ever are...! Lol.. but they are attractive none the less.. and sounds like you know how to manage it well... gl spy
For sure..! I could see TZA 23’s pontential or mid bb on the daily... currently at 28.73... glty spy
Leg in slowly I’d say... iwm is gunning for 160... with a potential pull back to 146ish.. TZA does look attractively over extended to the downside... just a word of caution is all.. other than that glty spy...
Sold 315c and Vxx 32c and 33.5c... currently flat... gla spy
For sure..! Don’t blame ya.. I’d do the same... well played..! Have a good one bud..! Spy
You might have a good day..! spy
Ok spy you can open now..! Lol wowza... will wonders ever cease when it comes to this thing..?!?! Lol.. Gla spy
Agree spartex...! I’ve seen you post here quite a bit and kudos..! As I am the watcher and although can’t post all the time I enjoy the perspective of the board...! And sometimes play behind scenes... eh weird.!!! Lol.. But imo you have a couple of weeks From now for confirmation... right now spy/spx looks to be “basing”... that being said it still needs to confirm a longer term support... yeah we all like 300 but really..? Idk... I mean 300 IS GOOD..!! But I’d like a better price if I was gonna buy shares in any of the long term etfs... efa,eem,spy,xlf, etc... so that leads me to believe we will get a pullback... but I’m not telling you anything.. you’ve already perceived this which is why I just wanted to comment... glty spy
Hey well.. I will not and can not stand in the way of that..! May it bring you many fortunes..! Glty spy
Lol...! May I raise my hand..! Love to cook..! And although I know many vegets... and Vegos... vegas... I’m not one myself..!!! However I know many good veggie recipes..!!! Figure that’s what we will have to do in da very near future... but i digress.. Meat... although I had a decent porterhouse tonight..!! Grilled myself..!! I know the wastage of the process..! And figure oh snap! Prob not sustainable.!!! Ut oh.!!! But anyways... this crap is purely OT..!!!! DeLEte...!!!! Lol.. gl
Cheers..! Lol.. Spy
Maybe Raytheon instead... idk... haven’t looked too much into it but for sake of convo is all... gl spy
This is an odd input: but being in the field I’m in... I know guys in the sign industry... believe it or not there is one..! They are the guys that repair the commercial businesses outside lighting and signage... restaurant/fast food, assorted commercial retail, parking lot lights, etc.. there’s three major companies in my small town and none of them stopped working at all... minimal lay offs... their mainstay was the fast food and other restaurant chains...! Funny thing is and unsurprisingly to me is the dispensaries where I’m from we’re hiring the whole time..!!!! Lol... never shut down at all.. and increased sales.!!!! Haha.. too funny... so restaurants, Walmart, Amazon, and Cannabis... that’s where my money goes... oh that and dollar tree and Lockheed Martin and smith and Wesson...!!!! Glty spy
It does suck for bears..! I have been there many times.. but ones gotta ask oneself this... what are the riots really hurting...? I mean the riots aren’t shutting down chit that hasn’t already been shut down for months...!!’ So even though it’s not good... hell it ain’t hurting business...!!! Lol... at least not for now... time is always ones friend in the market... just depends on how one decides to spend it... you can always get more money... I mean most da time... right.!?! But time.!?!?! I’d like to buy some if you got some...!!! lol that being said be prepared for a decent scare the hell out of bulls pullback... it’s coming and imo we are pretty close to it... glty spy
Although tagged along to this post and OT and not directed at you sir... since I posted about the subject... I would like to add: I do not want to make light of the current disruption in our country and I truly do appreciate the cause that’s transforming the country... although rocky right now.. hopefully... it’s for the better and I would love to say that this cause stands above all the BS market Bullcrap... My vote goes to the one that truly wants to narrow the racial and financial gap that’s been such a problem for our country for so long..! Yet Burning down the country ain’t it..! However that’s the last word I will speak on the subject... technical analysis here forward... sorry for the interruption.. glta spy
Careful bears...!! I understand exactly where you are coming from... I say careful because it is building support day by day on the pin days... it’s bringing up the MA’s... it’s moving the Oscar-lators... yes I spelled that correctly..!! But spy is painting the picture of support... always remember the saying “the market can stay irrational longer than one can stay resilient”... and I’ve always (in my mind) called bull chit on that saying... however it’s true.. and the only way to beat is proper timing... but right now is the beginning of the true uppage imo... and that’s why I’ve been saying be careful as a bear...!!!! I love the bear case...!!! I love bear gains...!!! Yes we will get a pullback..!! Be ready...!!! But it’s just not the proper timing imo... give it the time it needs and boom...! You will get the reward... aka... hibernation is good for bears at times... again all imo and see prior posts... I reserve the right to be wrong...! Ha! glta spy
Lol... thanks bud.. over the years.. I have met my match many times my friend... and it hasn’t settled me down yet...! Ha..! And I have never been known to wear a watch..! Lol.. glty mucho props...! Spy
Well.. as of close the ball is in the bulls hands...! Hope they don’t fumble...! Well I do but they don’t...! Lol yet being end of week its hard to say we will get any real movement out of tomorrow.. that being said Friday’s have been known to surprise..! But I’m not betting on it... prob gonna get an open around (R3) 312.59... then bounce around all day in between (R3) 312.59 and (R2) 308.79 and imo if we get that low we’re lucky..! Maybe vice versa... idk.. overall we will prob just consolidate... however... I’ve been known to be wrong from time to time...! Ok.. Like some of the time... ok.. ok.. like most of the time... lol.. na just playing... but hence the reason I’m holding 315c here.. and the Vxx 32 and 33.5 calls just in case... sold 31.5p becuz it’s was juicy... but imo both existing positions will prob expire close to worthless as I’m not expecting any moves of meaning for tomorrow and will prob let go around noon or so depending on movement.. but again we shall see... and at some point I’ll prob just be trying to get a judge on next week..! Ha..! Ya right..! gla spy
Spy 309.98 mid bb on the hourly... imo a close below here would prob really F with the bulls..! Imo a close here or above could potentially really F the bears...! Goal of da boyz: F everybody..! Lol gla spy
Vxx currently below its mid bb on the 1 hr... it’s currently trying to test it and break above but hasn’t as of yet... spy’s currently trying to break below its mid bb on the 1 hr... with declining momentum.. in ST OB territory... but could be another head fake... there’s still time left in the day... we shall see... gla spy
Sold Vxx 31.5p this am... holding Vxx 33.5c 32c and holding spy 315 for tomorrow still... gla spy
Yes sir... For sure... most of these points I’ve stated have me interested enough to play along... but Vxx has A-screeewwwed me before and I always assume it will do it again... time and time again... until it doesn’t... lol... we all know one of the best ways to make decent money in this market is to short Vxx... but also one can make just as much with decent timing...!
glty spy...
Vxx daily closed solidly below its mid bb (34.92) and below it’s (S1) 31.43... next target based of the picture painted would be (S2) 28.69 a number stated earlier... Vxx 200 dma is at 26.20... and with all the 200 dma testing going on I mean... idk... currently heading that direction... for sake of convo: (S3) 24.27... (P) 35.85... gla spy
Looks like the Q’s daily is starting to confirm the uppage... and according to the chart never really looked like it was in a downtrend... just a severe pullback lol... dia broke above and closed above its 200 dma today... but still failing to confirm uppage as of close... same pending confirmation with spy except spy has been above its 200 for some days now... iwm tested its 200 dma today but pulled back at the end of the session... interesting times..! Gla spy...
Bears need to be very careful at this point.. spy daily will likely start to confirm this uppage and that hasn’t happened imo since the lows... so Mr N’s forecast is likely to play out as forecasted... but of course there’s been times when the winds of fortune change... but it’s just not showing up atm... there’s high probability of a pullback don’t get me wrong but anyone looking for long term bearish positions imo they will have to be close to the money... in between here and the 200 DMA... the closer the better imo... other then that imo they will likely be a losing bet... gla spy
It’s crazy insane how hot this thing is running..!! Keep feeding it coals..! Crank up the speed..! There’s a bend coming up..! Full steam ahead captain..! Lol.. wow.. gla spy
Looks like those unsure bulls that missed out on earlier gains are starting to fear the chance of missing out going forward...! Ut oh... I think there’s a phrase for that...?!?! it escapes me at the moment...! Lol.. Gla spy
Amen...! Gl spy
Bear capitulation on tap...? Spy
Well chit the Vxx is tanking... and unsurprisingly negating support at the moment... next stop could be 28.69.. and if that gets sliced then 26.20 is my next line in da sand... all depends on today’s close imo.. gla spy...
Just opened Friday 315c to go along with Vxx 33.5c 32c 31.5p I had open already... spy
Low volume March higher..! But spy has aligned itself with an upward trend and seems to be turning the indicators towards that way on most time frames... that being said poor Vxx is being stubborn and trying to bottom intraday.. it gives the indication I’m not the only one that doesn’t believe it... but it is what is in front of you atm wether you want to believe it or not... that being said spy is getting close to being short term OB and although that doesn’t mean much of jack when it comes to spy... it does give the indication that perhaps we’ve gotten a bit ahead of ourselves.. still expecting maybe a bit higher into tomorrow though.. unless things change... gla spy
Watching the daily 31.43 area atm as support...? Or not... But the true area of importance to me is 31.89ish... a close above that may warrant a bounce imo... but will have to wait to see how it goes... in limbo atm with downward pressure... gl spy
And currently Vxx does look like its confirming it’s down-age... get scoop shovel ready...! We shall see... Lol spy
It’s now or never for da Vix-ion... imo... either it bounces here or you’re prob gonna need a scoop shovel to scrape Vxx off da pavement.... imo...