SPX, for reference, that first gap is at 4,367.48. Another below
that at 4,323.06 if things really got going, and also one at
4,258.49.
4,339 has an extreme pivot area, so I'm watching that as well.
Hand sitting until the market shows what is next and from what
area. A good trade will setup, patient until then.
Matt, thanks for the fantastic coverage as it enables me to
easily continue to manage my strategies.
Posted by jj4376jc on 19th of Aug 2021 at 09:47 am
Not really going against it, I'm hedging some longs I don't want
to sell(U, SNOW, BMBL among others). I already had a QQQ put
calendar hedge on, I may have to sell as the mid price of the
spread is 360. If they start moving down from current levels I will
need another hedge, which is now SDS. If Matt's main SPY system
triggers I will likely close my hedge then buy some SSO
SPX, for reference, that first
Posted by fundamentalvalues on 19th of Aug 2021 at 08:17 am
SPX, for reference, that first gap is at 4,367.48. Another below that at 4,323.06 if things really got going, and also one at 4,258.49.
4,339 has an extreme pivot area, so I'm watching that as well. Hand sitting until the market shows what is next and from what area. A good trade will setup, patient until then.
Matt, thanks for the fantastic coverage as it enables me to easily continue to manage my strategies.
Couldn't wait.. already opened a
Posted by fredsaid on 19th of Aug 2021 at 08:51 am
Couldn't wait.. already opened a small position in udow and tqqq... yikes.
holding SPY Puts with systems
Posted by retirefire on 19th of Aug 2021 at 09:04 am
holding SPY Puts with systems firing long, never comfortable. Will raise stops and not get emotional.
You have a gap down
Posted by frtaylor on 19th of Aug 2021 at 09:07 am
You have a gap down so you're in the green, no worries. I just bought 5k of SSO pre-mkt based on the SPY system and buoyed by the MO readings.
If I buy it will
Posted by jj4376jc on 19th of Aug 2021 at 09:15 am
If I buy it will also be SSO, not buying until I see if we get a flush or Matt's other system triggers
Bought pre-market. Seems like close
Posted by mitchell on 19th of Aug 2021 at 09:34 am
Bought pre-market. Seems like close to a flush as you can get...at least for a trade.
I'm actually thinking the down
Posted by jj4376jc on 19th of Aug 2021 at 09:36 am
I'm actually thinking the down move is more likely, bought some SDS, will probably buy more
Whew! Going against the SPY
Posted by frtaylor on 19th of Aug 2021 at 09:42 am
Whew! Going against the SPY system, that takes some conviction.
I'm out, covered Puts near
Posted by retirefire on 19th of Aug 2021 at 09:48 am
I'm out, covered Puts near the open. Just took what it gave me.
Likewise. Congrats! Onto the next
Posted by timebandit on 19th of Aug 2021 at 09:49 am
Likewise. Congrats! Onto the next trade
Not really going against it,
Posted by jj4376jc on 19th of Aug 2021 at 09:47 am
Not really going against it, I'm hedging some longs I don't want to sell(U, SNOW, BMBL among others). I already had a QQQ put calendar hedge on, I may have to sell as the mid price of the spread is 360. If they start moving down from current levels I will need another hedge, which is now SDS. If Matt's main SPY system triggers I will likely close my hedge then buy some SSO
Buying more SDS here, leaving
Posted by jj4376jc on 19th of Aug 2021 at 10:40 am
Buying more SDS here, leaving me fully hedged for the weekend(I hope, LOL)