gmg733 788 posts msg #137754 - Ignore gmg733 |
8/20/2017 11:09:30 AM
If you won't to talk fundamental macro stuff, then the Trump 'market bounce' just got fired Friday. If you read some of Bannon's post WH interviews, the Trump campaign promises are dead. So rationally the Trump rally at the least bit is over. I'm waiting to see if market change before I make any changes in my trading. For now it is still buy the dips until it doesn't. Market feels lofty, but it could channel sideways too.
Trading...
Watching /6B for a bounce. This looks like a really nice set up. We'll see if it comes through.
Lots of stuff in no mans land. Would like to see where /GC resolves. Everything I've read says higher which probably means the heard is wrong again.
I've been doing short 10 delta strangles in /NG, /CL, /GC, /ZB and /6E when vol pops. Been profitable so far with no losers. These have pretty much been grinding sideways.
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pthomas215 1,251 posts msg #137756 - Ignore pthomas215 |
8/20/2017 11:44:53 AM
gmg, agree. even though the market is not efficient I do think valuations have priced in tax cuts, healthcare, etc. and they havent happened, so as you say Friday it was...."you're fired". Interesting times...
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four 5,087 posts msg #137762 - Ignore four |
8/20/2017 8:24:40 PM
Next?

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four 5,087 posts msg #137763 - Ignore four |
8/20/2017 9:15:35 PM
Next?

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johnpaulca 12,036 posts msg #137770 - Ignore johnpaulca |
8/21/2017 9:47:34 AM
Daily chart for XIV trade

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johnpaulca 12,036 posts msg #137771 - Ignore johnpaulca |
8/21/2017 10:18:35 AM
XIV...from the chart shown you should still be short for swing traders, still lots of opportunities to counter trade long.
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gmg733 788 posts msg #137777 - Ignore gmg733 |
8/21/2017 3:19:55 PM
Was gonna short more oil at the open today. Key word is 'was'.
At least it is going in the right direction. Volatility coming in again. If you are a premium seller it has been good lately after a stagnate few months.
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johnpaulca 12,036 posts msg #137778 - Ignore johnpaulca |
8/21/2017 4:07:00 PM
SCO....long signal still holding....trading oil is not for the weak...lol
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gmg733 788 posts msg #137781 - Ignore gmg733 |
8/21/2017 11:23:36 PM
Not at all. They like to flush out the weak hands when they feel like it.
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johnpaulca 12,036 posts msg #137783 - Ignore johnpaulca |
8/22/2017 9:13:47 AM
SPY....At 244.28 will be looking for either sellers or dip buyers. Keep an eye on the dollar for a signal which way the bounce will go.
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