I have to post this cuz it's so in my face all week about day trading on Wed. Basically, get long. I see there's some PMI news in the morning at 9:45. I suspect this could be what ignites a fire under this thing and gets us to the targets I posted from last Thursday when I called for the low on Friday.
That was nothing short of perfect I'm happy to say. Sometimes I get it right and it keeps me motivated.
Tomorrow will also be an up day for gold and miners, I believe, so it seems like dollar might take a hit off this news? I don't claim to know much about correlating markets and what percent will get what reaction, etc. That's for other people who enjoy those things. I do what I enjoy & report what I get. GDXJ may be up around 5% (daytrade only).
I also suspect it's the news because the guidance for what happens AFTER tomorrow (Wed) is a return to the scene of the news.
I also have NVDA could be up 6% tomorrow, so that would also help QQQ. I will see what the energy is after this move, but I think it's short the thing. When targets are hit, it's high odds a decent reversal anyway.
That was nothing short of perfect I'm happy to say. Sometimes I get it right and it keeps me motivated.
Tomorrow will also be an up day for gold and miners, I believe, so it seems like dollar might take a hit off this news? I don't claim to know much about correlating markets and what percent will get what reaction, etc. That's for other people who enjoy those things. I do what I enjoy & report what I get. GDXJ may be up around 5% (daytrade only).
I also suspect it's the news because the guidance for what happens AFTER tomorrow (Wed) is a return to the scene of the news.
I also have NVDA could be up 6% tomorrow, so that would also help QQQ. I will see what the energy is after this move, but I think it's short the thing. When targets are hit, it's high odds a decent reversal anyway.
Comment:
GRR. I kind of suspected the targets may hit after hours.... Like the TWLO idea. That's not helpful in options, so....
ANYWAY. I just revamped all my scales last night and notice that information is a little different. This is likely because I'm more organized and have more ready access to different options including those for taking "action". I just need to get a feel for these new layouts.
So, when I checked about the message of shorting the QQQ this afternoon, it ended up guiding me that it's actually only a day trade for the afternoon. I was guided to a time of day, which ended up being 3:30-40.
I only watched SPX and as it kinda top out there around 4440 at right around 3:40. I decided to sim a 4440 put for $1.80. That thing went to over 8 bucks with virtually no heat. If I can get guided to these really fast day trades, I think that would be quite fabulous. I didn't have a downside target or anything, but when you're up over 100% with less than 10 minutes in the session, it gets very easy. You take the money!
I've had similar things happen for bigger swings, & smaller too intraday, but it feels different this time. I will look for more of these with a minimum of 10 points on /ES or SPX.
ANYWAY. I just revamped all my scales last night and notice that information is a little different. This is likely because I'm more organized and have more ready access to different options including those for taking "action". I just need to get a feel for these new layouts.
So, when I checked about the message of shorting the QQQ this afternoon, it ended up guiding me that it's actually only a day trade for the afternoon. I was guided to a time of day, which ended up being 3:30-40.
I only watched SPX and as it kinda top out there around 4440 at right around 3:40. I decided to sim a 4440 put for $1.80. That thing went to over 8 bucks with virtually no heat. If I can get guided to these really fast day trades, I think that would be quite fabulous. I didn't have a downside target or anything, but when you're up over 100% with less than 10 minutes in the session, it gets very easy. You take the money!
I've had similar things happen for bigger swings, & smaller too intraday, but it feels different this time. I will look for more of these with a minimum of 10 points on /ES or SPX.
Trade closed: target reached:
Hit after hours. I have that NVDA is a short in the morning and makes a daily swing high. And once my targets are hit, it's quite typical a reversal occurs. If we get that QQQ $373-74 I'm looking short. Will figure out how low and post a new idea, but I may need to wait until after Jerome on Friday. Dates come in strong on Friday/Monday.
Comment:
I just saw literally QQQ is close to 374, so probably short tomorrow.
As an example of similar guidance telling me to take a position in advance of the next day, last Friday I had to "get long TSLA in the afternoon". I didn't inquire further and it was up 7% on Monday. This information comes as anticipatory & attempts to bring my attention to markets that can move soon, and that's very cool. And becoming more profitable, at last!