Nearly perfect entry point. Adding to indexes with Jan 2019 $300 calls..
channeling. BTO 2 Sept $175 calls, trying to scalp something. have to say my leaps are all bullish though
STC my $KMX with 40% loss. well, did not play out.
Reached the long-term target $46 with a parabolic move. I just STC all my calls. Will definitely buy the dip if this goes back to the red pivot.
The trade war has started and market moves up. IMO this is basically the signal of short-squeezing incoming. I will add back my long-term index calls, and leave the IWM puts as hedge.
Seems like a valid break-out. If this close above the red pivot, i will add 1/2 position (2019 july call).
STC half of the SSW calls. short-term parabolic move. Will buy the dip, as the weekly chart still looks good.
At this stage, I am not adding any bullish position on major index (still holding 2020 DIA calls and July IWM puts now), as there will be too much to lose (green arrow) if we really go down from here. Nonetheless, I think there is a 70% chance bulls will be in control. Today's price move is quite bullish. price jump over double resistances (red pivot) on SPX and...
Added 50% position on my BBBY leap calls, due to constructive post-earning movement. However dropping to ~$13 remains a valid option.
Well I gave up on watching this yesterday :) . Lucky me. In my experience this kind of shenanigan (long lower wick on weekly), and the lower end of the wick sit on the red pressure pivot) generally are bullish, but I personally just hate shenanigans and will just hold my 2019 calls. I wont add anymore. I will still update if I find something worth sharing on this.
BTO $KMX 2019 puts @1.55. Channeling with a failed breakout.
STC half my $IWM puts and all my $AAPL puts. gotta trade the range.
Adding 50% position on $SSW - breaking out now.
Bought some July 20 $170 puts as lotto. very ugly chart.
SPX gap fill failed. As discussed yesterday, I I have exited all my $DIA and $SPX 2019 calls,, holding DIA 2020 calls only (bought some IWM puts to hedge them). Right now it seems there is a higher chance a fast pull back gonna happen. AAPl and XLF both looks not good. I bought some AAPL July puts as a lotto.
Currently, I am quite bullish positioned. Overall speaking I think in the middle- and long-term the market is bullish. However I think for $IWM and $QQQ there is a quite high possibility (50%) of a fast pull back which is comparable to Feb 2018. If we ought to see the pull back, it should happpen either this week, or MOnday next week. While I am not bearish...