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Hope he's right as I'm holding a ton of worthless shorts for 10/22.

I had a bunch of

Posted by fredsaid on 14th of Oct 2021 at 07:54 pm

I had a bunch of calls for this Friday for protection against my shorts but after reading that article a couple days ago on the option activity/ push and pull and market trying to decide between 3400 and 3300 ahead of Opex it seemed like we'd stay in that range and my calls were above 3400 so I bailed on them yesterday for a loss thinking we'd chop around.  That turned out to be a disaster with the gap and super go today.   Oh well.  Maybe XOP/DROP can play out a pull back next week and make up for it.  

I'll also point out that this could provide a pull back in the metals and miners back to support but I think this is next week so they probably continue up for now.

Thanks for sharing.  Looks like the backtest on both continues today, maybe tomorrow too then ka-pow !  So If oil and commodiites go down for a while what will rally ?  USD and everything else ?

Looks like the bulls heard

Posted by fredsaid on 13th of Oct 2021 at 03:06 pm

Looks like the bulls heard Steve's newsletter and took another attempt ... now let's see if they get off the pot !

1st MA pinch from underneath

FANG

Posted by fredsaid on 13th of Oct 2021 at 10:24 am

1st MA pinch from underneath ?

Flush time ?

Posted by fredsaid on 13th of Oct 2021 at 10:15 am

Flush time ?

Lot of tech dumped after hours along with it ... hopefully it holds through the morning for the flush i've been waiting for.

10 yr daily looks like

Posted by fredsaid on 12th of Oct 2021 at 02:06 pm

10 yr daily looks like a cup and handle = bad for qqqs

Watching AMD to see if

Posted by fredsaid on 12th of Oct 2021 at 12:47 pm

Watching AMD to see if it holds 104.50.  Semi's are getting beat up.

Fairly techy article.  Seems like we keep bouncing between 4400 and 4300 till Opex and then we'll get a direction, would be nice to see a flush down to 4300 or just below to secure a better low and get the FANGS to their 200 DMAs.  Let's see if we can get up to 4380 - 4385 area this aft before turning back down.  The bounce started sooner than I thought so now I figure we'll peter out and come back down before eod.  Good range perspective if you are playing the daily swings.

Wowsa !  Haven't seen one of those in a while.

Nice views ... S&P looks

comments

Posted by fredsaid on 12th of Oct 2021 at 11:25 am

Nice views ... S&P looks like it wants to go lower but XLC and XLK look like they wanna bounce so if we get continued boredom down the extended trendline (vs. falling through the floor) into the afternoon I favor a break to the upside.

I like ACAD.  Buying.

LOW, ACAD

Posted by fredsaid on 12th of Oct 2021 at 11:14 am

I like ACAD.  Buying.

Took profits in QS.  Holding

Posted by fredsaid on 12th of Oct 2021 at 11:05 am

Took profits in QS.  Holding 1 call contract.

DASH looks like a H&S

Posted by fredsaid on 12th of Oct 2021 at 11:05 am

DASH looks like a H&S on the 3 month or 6 month time frame.  Unless it breaks 205 on the upside (doubtful) I think we'll see 190 in short order ... although it should go much lower over time.  Loving the drop in DOCU and FB finally coming along today .. let's see if they can keep up the green till Europe closes then maybe we flush.

Thanks good ideas...was looking for these.  Already popped for today will get in on a pull back.

Appears Tech rallys are being

Posted by fredsaid on 12th of Oct 2021 at 10:46 am

Appears Tech rallys are being sold (slowly) even while oil and energy have a pause ...  need a flush, if not this week probably before the end of the month.  I think DASH is worth about 1/2 what it's trading at and if re-opening is happening (which it is) then DASH is worth about 1/4 of where it's at.  Price target $90 within a year.  Buy ABNB Sell DASH.   I like BA at this level, building longer term position...limited downside and big upside potential.

How did it close ?

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