The community is delayed by three days for non registered users.

I did the double down

CPC and CPCE (Wednesday Close)

Posted by fredsaid on 17th of Aug 2023 at 08:00 pm

I did the double down long spy and qqqs straight up equity.  cashed in all hedges and rehhdged lower.   Lost about $250 on straight spy and qqqs (paper) and cashed about $1200 on hedges.   Perfect bounce to exit goog long.  Perfect sell off just in time on shop. Still short cmg and xhb and psx.  Long ery and aapl calls (taking heat, doubled down). These puppies gonna pay.

Came close enough... did the flip.  Ready for a  bounce

If the qqqs get that

Posted by fredsaid on 17th of Aug 2023 at 03:14 pm

If the qqqs get that magnum today i will take profits, roll hedges and double down long.   Getting close.

Feels a liitle like the

Posted by fredsaid on 17th of Aug 2023 at 02:51 pm

Feels a liitle like the BS rally we had in the QQQs all year in the other direction which means sell all bounces.  

Gone... slide Robin slide ...

SPX Daily

Posted by fredsaid on 17th of Aug 2023 at 02:48 pm

Gone... slide Robin slide ... looks like we just gonna slide through this week.   Qqqs need to get that Magnum. Home builders have jumped off the roof !   Not doubling down today.

Im looking for a small

Posted by fredsaid on 17th of Aug 2023 at 12:14 pm

Im looking for a small rally into todays close to fully be taken back out tomorrow or we just keep slip sliding away till next week.  Shop finally started its drop.

Nope .. apparently everyone is going to Chipotle based on today's action.

Holding on under the 9

MSFT holding up just below the 9ema

Posted by fredsaid on 16th of Aug 2023 at 04:21 pm

Holding on under the 9 doesn't seem like a good place to be holding on.

Those dead cat bounces on

Posted by fredsaid on 16th of Aug 2023 at 04:18 pm

Those dead cat bounces on AAPL and NFLX totally sucked but the community called it right on Monday.... felt like a weak bounce into the 50dma on the QQQs.

AAPL stopped out :(

Posted by fredsaid on 16th of Aug 2023 at 04:17 pm

AAPL stopped out :(

Bought about 10k long into

Posted by fredsaid on 16th of Aug 2023 at 04:17 pm

Bought about 10k long into the close (straight up QQQs and SPY).  Ready to double or triple down Thurs,Friday.  Hedged with low cost stupid puts like 355 and 435 for Friday.   We shall see.  I'll take a one day bounce and bail but needs to be a big one.

Been on this bad boy

XHB 2hr

Posted by fredsaid on 16th of Aug 2023 at 04:11 pm

Been on this bad boy since early in the week... need to see the bleeeeed.

Like I said QQQs want that 357 magnum.

I like it.  I think it will hold for a decent bounce.  The only thing is that the QQQs want that 357, so that would mean QQQs down another 2-2.5% and SPY only down another 1%.   We've seen those days before where QQQs are primary sell off.  GOOG, AAPL, AMZN still holding.

I'm expecting bounce to be

Posted by fredsaid on 16th of Aug 2023 at 02:08 pm

I'm expecting bounce to be led by the Mega 7 while oil and energy continue pull back.

I'm thinkin today... should be confirmed with some more down side probing into today's close or like you said, maybe tomorrow morning.

Based on my recollection just about every time the long systems close out, especially when there are multiple systems closing, the next day or always within the next 2 we see material down drafts.   It's almost as if the exit of the long systems is actually a short trigger that can be closed at will within the next 2 trading days.  You may want to consider back testing that.

QQQs look destined for that

QQQ 1/2 day

Posted by fredsaid on 15th of Aug 2023 at 03:36 pm

QQQs look destined for that 357 in short order.

CBRE short starting to work

Posted by fredsaid on 15th of Aug 2023 at 03:31 pm

CBRE short starting to work ... but not surprising given everything is sinking.

Into the next gap ...

Posted by fredsaid on 15th of Aug 2023 at 03:30 pm

Into the next gap ... At least my PSY puts and ERY calls are working.  I'm not selling these yet, want to see that BPNER roll over and these should continue paying.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!