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I asked the same thing this morning (I'm assuming it was shared in the newsletter).  Matt usually buys a call option 2 months out and ~$20 in the money.   Since I didn't see anything i opened an OCT SPY 435-450 bull call spread this morning.  I'm able to trade MES now but haven't done that yet - need some real time guidance before I do.

QQQs seem very bifurcated.  Glad

Posted by fredsaid on 3rd of Aug 2023 at 01:42 pm

QQQs seem very bifurcated.  Glad I sold SHOP for a nice point 2 point gain this morning.  Looks like it wants to go lower, considering a short.

SPY systems long ?  Sorry,

Posted by fredsaid on 3rd of Aug 2023 at 09:10 am

SPY systems long ?  Sorry, have not listened to the newsletter but the email and post and website are not showing the 1st entry long position.  What was the entry call option ? (obviously will be better entry this am).

I think he'll get off

A good ol asskicking

Posted by fredsaid on 2nd of Aug 2023 at 04:46 pm

I think he'll get off with a good lawyer.  Numbnuts had a knife.

Fuckin A right !

A good ol asskicking

Posted by fredsaid on 2nd of Aug 2023 at 04:30 pm

Fuckin A right !

Picked up some SHOP at

Posted by fredsaid on 2nd of Aug 2023 at 04:25 pm

Picked up some SHOP at 61.50 AH.  Will add down to 57.  Beat top and bottom.  Bounce play.

Let's get that super AAPL

QQQ daily

Posted by fredsaid on 2nd of Aug 2023 at 04:13 pm

Let's get that super AAPL bounce tomorrow then a Friday Flush :)   I miss those.

Stage has been set.  

QQQ daily

Posted by fredsaid on 2nd of Aug 2023 at 04:03 pm

Stage has been set.   Looking for bounce tomorrow hopefully led by AMZN and AAPL then I can short those too.

Today's theme song - 4520

Posted by fredsaid on 2nd of Aug 2023 at 01:56 pm

Today's theme song - 4520 should I bounce or should I break ?

Actually closer to 113-115.

Could be a good re-short at 111... getting there.

TY Matt.  Will be watching

SPX comments

Posted by fredsaid on 2nd of Aug 2023 at 12:00 pm

TY Matt.  Will be watching the close to see if we can close below the 20.  That should be a great short down to the 50.  Do you have the exact level the 20 dma is at on the weekly ?

Flipped the script ... now let's c how it goes.  

Expecting 10:45am bounce off 4525.

Posted by fredsaid on 2nd of Aug 2023 at 10:22 am

Expecting 10:45am bounce off 4525.  Then chop nonsense till eod.

4525 looks like a good

Posted by fredsaid on 2nd of Aug 2023 at 09:59 am

4525 looks like a good target if not today then tomorrow but hope for a push down to 4495.

ISRG short heating up !

Posted by fredsaid on 2nd of Aug 2023 at 09:53 am

ISRG short heating up !

Here's what happened when SnP did what Fitch did on Aug 5, 2011.   First week in August again ?   Hmmm.   Hope we get an instant replay !  https://money.cnn.com/2011/08/05/markets/markets_newyork/index.htm

Exited my COIN short too

Posted by fredsaid on 1st of Aug 2023 at 10:42 am

Exited my COIN short too soon yesterday :(  not chasing.

Tom Lee on the tele...

Posted by fredsaid on 1st of Aug 2023 at 10:41 am

Tom Lee on the tele... calling for a bumpy, sloppy August with small draw down, rebalancing of sectors and strong finish.  While Tom was basically wrong last year, he's been more accurate this year.

Nice commentary on the wknd Matt !  Thank god I also reduced these on yesterday's pop.  Starting to scale back in today.

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