Long overdue for NQ RTY ES to play catch up.
They finally did, the clock was ticking.
________________________________________
Position - INO / CASH
Selling the NYSE open was the Setup as Indicated.
Patience and diving in worked quite well - our
day was complete prior to 11 AM EST.
We closed ALL Sells/Buys in NQ ES RTY YM UVXY VIX
VXX and a Few Equities - AMZN TSLA AMC GOOG
AAPL MSFT TQQQ
__________________________________________
Energy will have a strong recovery as will BioTechs
with all the new Covid Variants popping up like Daisies.
__________________________________________
All Globex Sells were Closed prior to NYSE Open. The
lower lows were not surprising as Ranges expanded with the
NQ is now 897 to 786 as the Lower Range.
414/418 NQ Entries were pressed by Sellers and then the
Chase after the NYSE open where pressing.500%418s
was the order of the AM Session.
ES 4505 remains the Pivot for Lower.
YM folded up as Indicated, it is the Leader.
RTY - Small Caps have very little to gain and have been
left for Dead as a parking lot.
____________________________________________
Extended Valuations / PEs / PSs / MArgin / DEBT / Delta
all contributed to the long overdue SELL.
There was frankly no recovering from the NYSE Plunge -
although it was on and the Big 7 were sold in large Size.
_____________________________________________
The NQ has some catching up to do on a percentage Basis...
_____________________________________________
Not quite the Black Friday everyone was jazzed about.
A great many were looking up and with good cause, the
Operators kept in play as long as possible but ultimately
showed their hands.
VX is going to continue to Pick Up.
______________________________________________
Hopefully, we are underway to Visit the 200SMAs - it is very Overdue.
Was pleased to see UVXY show its hand as well, Up nicely by 33%.
______________________________________________
Hopefully, everyone here had a very prosperous trading day.
Charts will be updated this Weekend.
Have a great weekend everyone.
They finally did, the clock was ticking.
________________________________________
Position - INO / CASH
Selling the NYSE open was the Setup as Indicated.
Patience and diving in worked quite well - our
day was complete prior to 11 AM EST.
We closed ALL Sells/Buys in NQ ES RTY YM UVXY VIX
VXX and a Few Equities - AMZN TSLA AMC GOOG
AAPL MSFT TQQQ
__________________________________________
Energy will have a strong recovery as will BioTechs
with all the new Covid Variants popping up like Daisies.
__________________________________________
All Globex Sells were Closed prior to NYSE Open. The
lower lows were not surprising as Ranges expanded with the
NQ is now 897 to 786 as the Lower Range.
414/418 NQ Entries were pressed by Sellers and then the
Chase after the NYSE open where pressing.500%418s
was the order of the AM Session.
ES 4505 remains the Pivot for Lower.
YM folded up as Indicated, it is the Leader.
RTY - Small Caps have very little to gain and have been
left for Dead as a parking lot.
____________________________________________
Extended Valuations / PEs / PSs / MArgin / DEBT / Delta
all contributed to the long overdue SELL.
There was frankly no recovering from the NYSE Plunge -
although it was on and the Big 7 were sold in large Size.
_____________________________________________
The NQ has some catching up to do on a percentage Basis...
_____________________________________________
Not quite the Black Friday everyone was jazzed about.
A great many were looking up and with good cause, the
Operators kept in play as long as possible but ultimately
showed their hands.
VX is going to continue to Pick Up.
______________________________________________
Hopefully, we are underway to Visit the 200SMAs - it is very Overdue.
Was pleased to see UVXY show its hand as well, Up nicely by 33%.
______________________________________________
Hopefully, everyone here had a very prosperous trading day.
Charts will be updated this Weekend.
Have a great weekend everyone.