My previous post on affirmation of the assets. Still speculative
because crypto is in general, I own some GDLC, large cap crypto
fund, same company, Grayscale. I took a paid for position
with trading profits from other trades.
SPX the window continues to close for those hoping for some
significant year end decline.
They got em' short in the hole and used to being able to win all
year that way. Lots of recency bias mixed with perma sentiment by
those insisting it has to decline.
The message of the market has changed the last months. And again
today the trend remains bullish til its not. Show me evidence the
rally is over, not predictions of future doom.
That being said there is risk to the downside via two gaps at
3,748 and 3,583. I respect that risk possibility as 92% of gaps
fill. The timing is the tough part.
Next gap above at 4,110. Then 4,228 after that.
The rally since my 3,500 reversal call is now up about 16% even
unleveraged on SPX.
Staying open minded as always though won't change my mandate
unless I see a reason to. Facts are facts.
I'll be reviewing things when the market is closed as usual to
judge my indicators, resistances, and gaps, etc. I'm on the lookout
for my "I can't believe it got here" readings for possible long
term inventory sales. My previous ones were at 4,800s, 4,600s, and
most recently 4,300s. I'm stoic in my execution and don't wake up
excited either way. It just is what it is, when it is.
Good soccer game going on , Argentina up 2-0 vs.
Poland.
Gaps help manage risk and provide trading opportunities. Trading
journal entry from 11/18/22..
There is a new gap opening up at 3,946.56 (yesterday's close).
Also still below are 3,748 and 3,583, a long way down from here and
notable. On the upside, 4,110 is the first gap. No idea on timing,
though the gaps have kept me out of trouble for decades in markets.
They keep my mind open.
Knowing those gaps are below, in my style, I'll be selling that
resistance into 3,990s. I was buying yesterday on support at the 9
day 3,906-10 (area) when there was still a gap above to fill at
3,958s. It overshot that by a good bit providing a very good
risk/reward and defined plan entry and exit wise. No idea where the
market goes and when, all I can ask for is a great risk/reward
chance to enter/exit a trade.
Sometimes there isn't a trade and I don't have to be in one all
the time. The coming week will be a great example, better to spend
the days with family over Thanksgiving than in the market. Time is
limited and the most valuable resource. I'm investing in my
priorities.
SPX as we approach the 4,000 area again on the index, it is a
14%+ rally since the 3,500. A great percentage move in a short time
for the index. Keeping an open mind is important as risk/reward can
occur on either side in several markets.
The next significant area to consider is the 200 day moving
average test, currently at 4,070 and be aware of the 4,110
overshoot possibility (gap fill area) and how the market reacts
if/when we get there. Will continue to monitor/adjust day to day of
course, though very interested in playing those kinds of
situations, the major inflection points where there is it more
likely to get a great opportunity that I can swing. RSI and other
factors will be important for me if those levels come as well. I'd
like to see my "I can't believe it got here" readings as markets
come into a major supply zone. Have a great Friday trading
everyone!
Earnings update: A lot of premarket movers big upside this
morning so far FL, JD, GPS, ROST, PANW, AMAT, and FTCH. Only saw
one down out of all the reports so far.
Don't be too hard on yourself man. It is always easy to say
after the fact. You managed your risk after a great day short. If
that was your plan, it is success. Could have just as easily turned
out the other way.
You got some wind in your sails with the market having a little
downside again. Time to rename the website "Bearpoint" Trades
Good to have a little fun as we all use whatever works
for us.
Nice call Steve, I'm perking up now for a long trade, looking
for entry in pieces. I usually don't get all my pieces, though that
is a good thing. Lets see.
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My previous post on affirmation
Crypto news..Grayscale reaffirms assets: https://finance.yahoo.com/news/grayscale-investments-reaffirms-safety-security-184500778.htmlSTAMFORD, Conn., Nov. 16, 2022 (GLOBE NEWSWIRE) ...
Posted by fundamentalvalues on 30th of Nov 2022 at 03:47 pm
My previous post on affirmation of the assets. Still speculative because crypto is in general, I own some GDLC, large cap crypto fund, same company, Grayscale. I took a paid for position with trading profits from other trades.
SPX the window continues to
Posted by fundamentalvalues on 30th of Nov 2022 at 03:39 pm
SPX the window continues to close for those hoping for some significant year end decline.
They got em' short in the hole and used to being able to win all year that way. Lots of recency bias mixed with perma sentiment by those insisting it has to decline.
The message of the market has changed the last months. And again today the trend remains bullish til its not. Show me evidence the rally is over, not predictions of future doom.
That being said there is risk to the downside via two gaps at 3,748 and 3,583. I respect that risk possibility as 92% of gaps fill. The timing is the tough part.
Next gap above at 4,110. Then 4,228 after that.
The rally since my 3,500 reversal call is now up about 16% even unleveraged on SPX.
Staying open minded as always though won't change my mandate unless I see a reason to. Facts are facts.
I'll be reviewing things when the market is closed as usual to judge my indicators, resistances, and gaps, etc. I'm on the lookout for my "I can't believe it got here" readings for possible long term inventory sales. My previous ones were at 4,800s, 4,600s, and most recently 4,300s. I'm stoic in my execution and don't wake up excited either way. It just is what it is, when it is.
Good soccer game going on , Argentina up 2-0 vs. Poland.
4,026 filled
SPX 4,026 first gap fill area, then 4,110
Posted by fundamentalvalues on 30th of Nov 2022 at 02:19 pm
4,026 filled
SPX 4,026 first gap fill
Posted by fundamentalvalues on 30th of Nov 2022 at 02:04 pm
SPX 4,026 first gap fill area, then 4,110
Rename that system "The Scared
Email sent for SPY and ES Systems
Posted by fundamentalvalues on 29th of Nov 2022 at 04:41 pm
Rename that system "The Scared Bear 2.0" haha
GDLC -Large Cap Cryto Fund,
Posted by fundamentalvalues on 18th of Nov 2022 at 09:40 am
GDLC -Large Cap Cryto Fund, used some trading profits and bought a cost average amount at $5.10 this morning.
NAV of this closed ended fund was $10.18 as of yesterday's close.
https://grayscale.com/products/grayscale-digital-large-cap-fund/
Very speculative which is why I opt to do a paid for position.
grayscale.com
SPX 3,991.73 gap still open
Posted by fundamentalvalues on 18th of Nov 2022 at 09:34 am
SPX 3,991.73 gap still open on the cash above. First gap below at 3,946.56 (yesterday's close).
Gaps help manage risk and
Posted by fundamentalvalues on 18th of Nov 2022 at 08:52 am
Gaps help manage risk and provide trading opportunities. Trading journal entry from 11/18/22..
There is a new gap opening up at 3,946.56 (yesterday's close). Also still below are 3,748 and 3,583, a long way down from here and notable. On the upside, 4,110 is the first gap. No idea on timing, though the gaps have kept me out of trouble for decades in markets. They keep my mind open.
Knowing those gaps are below, in my style, I'll be selling that resistance into 3,990s. I was buying yesterday on support at the 9 day 3,906-10 (area) when there was still a gap above to fill at 3,958s. It overshot that by a good bit providing a very good risk/reward and defined plan entry and exit wise. No idea where the market goes and when, all I can ask for is a great risk/reward chance to enter/exit a trade.
Sometimes there isn't a trade and I don't have to be in one all the time. The coming week will be a great example, better to spend the days with family over Thanksgiving than in the market. Time is limited and the most valuable resource. I'm investing in my priorities.
SPX as we approach the
Posted by fundamentalvalues on 18th of Nov 2022 at 08:43 am
SPX as we approach the 4,000 area again on the index, it is a 14%+ rally since the 3,500. A great percentage move in a short time for the index. Keeping an open mind is important as risk/reward can occur on either side in several markets.
The next significant area to consider is the 200 day moving average test, currently at 4,070 and be aware of the 4,110 overshoot possibility (gap fill area) and how the market reacts if/when we get there. Will continue to monitor/adjust day to day of course, though very interested in playing those kinds of situations, the major inflection points where there is it more likely to get a great opportunity that I can swing. RSI and other factors will be important for me if those levels come as well. I'd like to see my "I can't believe it got here" readings as markets come into a major supply zone. Have a great Friday trading everyone!
Earnings update: A lot of
Posted by fundamentalvalues on 18th of Nov 2022 at 08:31 am
Earnings update: A lot of premarket movers big upside this morning so far FL, JD, GPS, ROST, PANW, AMAT, and FTCH. Only saw one down out of all the reports so far.
Thanks Steve, I didn't receive
Thursday NewsletterSee ES Levels In Opening Comments
Posted by fundamentalvalues on 18th of Nov 2022 at 07:44 am
Thanks Steve, I didn't receive an email as I normally do for the newsletter last evening. Have a great Friday.
3,958.79 easily achieved and more
SPX opening a new gap currently at 3,958.79, yesterday's close. ...
Posted by fundamentalvalues on 18th of Nov 2022 at 07:08 am
3,958.79 easily achieved and more this morning. Nice $ buying off support yesterday at the 9 day as I discussed.
T Bill auction results, investment
Posted by fundamentalvalues on 17th of Nov 2022 at 05:24 pm
T Bill auction results, investment rates:
16 day-3.859%
4 week-3.859%
8 week-4.101%
Gap fill is at 3,958.79
ES 3950-60 may offer some resistance
Posted by fundamentalvalues on 17th of Nov 2022 at 12:18 pm
Gap fill is at 3,958.79
SPX the 9 day ended
Posted by fundamentalvalues on 17th of Nov 2022 at 10:32 am
SPX the 9 day ended up being support near to the nose so far
Great trading Fred!
Is this our Wave 4?
Posted by fundamentalvalues on 17th of Nov 2022 at 10:07 am
Great trading Fred!
Don't be too hard on
SOXS. Great stuff Also long vix calls but ...
Posted by fundamentalvalues on 17th of Nov 2022 at 09:40 am
Don't be too hard on yourself man. It is always easy to say after the fact. You managed your risk after a great day short. If that was your plan, it is success. Could have just as easily turned out the other way.
You got some wind in
SPX 15
Posted by fundamentalvalues on 17th of Nov 2022 at 09:19 am
You got some wind in your sails with the market having a little downside again. Time to rename the website "Bearpoint" Trades Good to have a little fun as we all use whatever works for us.
Never seen ‘such a complete
Posted by fundamentalvalues on 17th of Nov 2022 at 09:07 am
Never seen ‘such a complete failure’ of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy:
https://www.cnbc.com/2022/11/17/ftx-ceo-shreds-bankman-fried-never-seen-such-a-failure-of-controls-.html
cnbc.com
FTX CEO shreds Bankman-Fried: Never seen such a failure of controls
Newly appointed FTX CEO John Ray III excoriated Sam Bankman-Fried, declaring he had never seen such a failure of corporate controls or trustworthy information.
Nice call Steve, I'm perking
9/16 ES Levels Sept Contract (ESU24)
Posted by fundamentalvalues on 17th of Nov 2022 at 09:03 am
Nice call Steve, I'm perking up now for a long trade, looking for entry in pieces. I usually don't get all my pieces, though that is a good thing. Lets see.