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SPY and QQQs had to fight really hard to keep the yo-yo pattern in check !  Will be looking to buy these earning (related) names into weakness tomorrow morning (SAM, AMD (INTC reports), WDC(STX reports), VRSN, EHTC) and likely sell before the day is done.

Looks like about 282 ish ... ?  corresponding spot on SPY ?

ok boys where is the

Posted by fredsaid on 21st of Oct 2020 at 11:22 am

ok boys where is the botton of that channel the QQQs for the afternoon reversal pop ?

Fer sure !  I really

SPX 10 with Symmetry

Posted by fredsaid on 20th of Oct 2020 at 03:19 pm

Fer sure !  I really like the channel pattern you guys drew on the QQQs yesterday.  The SnP symmetry was real close to the top of that channel as well.  I'm betting that's gonna be the election channel to watch and we bounce up and more down in that channel for the next 2 weeks.

Weekly pre election yo-yo pattern.

Posted by fredsaid on 20th of Oct 2020 at 02:01 pm

Weekly pre election yo-yo pattern.  Mon = Down, Tue = Up, Wed = Down, Thu = Up,  Fri = Downtown.   Obviously I just made this up, actually I made it up yesterday based on all the yo-yo SPY system triggers.  If the top of that QQQs channel holds (looks like it just did).  I plan to take my favorite shorts for Wednesday - currently eyeying NFLX and LVS along with the SQQQ and SH which I just topped up.

So where is the top

60 min SPX and QQQ

Posted by fredsaid on 20th of Oct 2020 at 01:23 pm

So where is the top of this channel now ?  About 289 ?

nice trade!

Sold the ZM Oct 23 $585 for $13.90

Posted by fredsaid on 20th of Oct 2020 at 12:06 pm

nice trade!

I'm betting on a turn

Posted by fredsaid on 19th of Oct 2020 at 03:57 pm

I'm betting on a turn around Toosday bounce.  Fact that we've had 5 red days on the QQQs (when's the last time we had that?) and that GoldNice chart of AAPL from 20 years ago still haunts me.  Maybe go short 11/20 and long 12/20 on all the sectors ?  That's my game plan assuming we can get a bounce and I can re-short tomorrow.

Go in the money about $20 (or more if you can afford it for less vol) in case you want to get in early.

Looks like 3 knocks on

Posted by fredsaid on 19th of Oct 2020 at 01:09 pm

Looks like 3 knocks on the 3465-3466 floor ...  let's see if we fall through.

I can't think of any

Posted by fredsaid on 19th of Oct 2020 at 10:19 am

I can't think of any logical reason the stimulus deal get's done ahead of the election but who knows.

That would be $$$.  On the new SPY short.  I also re-entered the SPY long for Nov Thurs am like Matt which is up a little but I'm a little bamboozled by the double ride.  I suppose it doesn't matter if you get off each one at the right stop lol.

SPY short ?

Posted by fredsaid on 15th of Oct 2020 at 03:56 pm

SPY short ?

Did we get a cycle

Posted by fredsaid on 15th of Oct 2020 at 03:30 pm

Did we get a cycle buy yet on the 120 ?

Please confirm 9day EMA support

Posted by fredsaid on 15th of Oct 2020 at 05:40 am

Please confirm 9day EMA support on QQQs and SnP on the weekly.  Also looks like XOM may have or will re-enter the bear channel - should I hold (and dobule down at bottom of channel) or bail ?  On a positive note I held on for a couple days on the long USD, short EUR trade (doubled down actually) and managed to exit up $50 bux vs. lose $1k.  I like this trade along with GLD down as a swing but I don't think I can stand this election volatility.  You guys are awesome !

Could pull all the cloud flyers down ?  Surely at a 33% discount, FSLY is a buy.

Rally on I say !  Onward and upward ! :)

But at least there is

Posted by fredsaid on 14th of Oct 2020 at 03:01 pm

But at least there is NIO.  Thanks to the pre-market post i snagged up a few.

Appear to keep knocking on

Posted by fredsaid on 14th of Oct 2020 at 02:46 pm

Appear to keep knocking on the floor of all indices, are we going to bounce or fall through ?  Looks like inflection point.  I may need to buy some more hedges.

What's a good target for

IWM and TZA follow up

Posted by fredsaid on 13th of Oct 2020 at 02:40 pm

What's a good target for c on IWM ?

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