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FJ43
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NFLX breaking out
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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I sold my SPY puts and VIX calls I brought into today at Friday's close.

Still holding Q puts. Need to see it break downtrend with volume first.

I have 357.83 & 356.28 below
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Thundergon
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I would like to cover around 356.40. Near low of Friday and 5SMA. I have July 9th puts though so a little more time.
FJ43
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Thundergon said:

I would like to cover around 356.40. Near low of Friday and 5SMA. I have July 9th puts though so a little more time.
I've got July 9 355S.

Let's make a buck and take it back long for a scalp on the bounce.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Thundergon
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Whoever asked about Dan's PS60 process, I know a few of us in here use it and I highly recommend it. I've learned alot from it and have the best success day trading using his process. Plus if you're in his webinar, he has flowalgo going throughout the day and provides awesome commentary. Pretty cool dude too.
FJ43
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Totally blew the ASAN weekly put scalp on that top. That was $

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Triple_Bagger
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FJ43 said:

Totally blew the ASAN weekly put scalp on that top. That was $


Meaning you missed it or what?
SF2004
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AG
QQQ just we red on the day.

Does this mean anything? Still strongly above +3 ATR.

I would think we need to go back to the mean before we can continue up.
austinAG90
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AG
Treasury Market On Fire....breaking through levels 5-10s Not Bonds

Five years are now through .80...10 years through 1.36... But long bonds are not close to their 1.91 level they were at two Monday's ago... There is pension buying and the long bond is going up, but after last week's steepening has made the bond a laggard.... We just did a call with clients.. We said that 10 years have not convinced us that they are ready to break through and sustain 1.36... But if they did 1.28 would be the next level... As for causes.... Weak ISM is part of it... The weaker ISM has caused equities to take a dive... A worrying concern... And that worrying concern is being shown up in treasuries....but to my point in the morning commentary, treasuries prices are looking 6 to 12 months out and saying the economy is slowing...equities are looking at present numbers and looking at ISM and saying "why the weakness"... The weakness is due to supply chain issues... If there are no cars on the lot, you are not going to buy what is not there...but as the supply issues subside, we think the economy continues to cook well into 2022..

Murphy's law... Keyboard this morning would not give me i and o s..hence my commentary was all caps. But we called BB and they said they would ship out a new keyboard to me... Obviously the keyboard heard that and now is operating perfectly
FJ43
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Double_Bagger said:

FJ43 said:

Totally blew the ASAN weekly put scalp on that top. That was $


Meaning you missed it or what?
Yep. Had it ready for ATM weekly puts. They were low 2.90 and now are 4+. Just a few hours later.

Just missed it
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Txducker
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AG
FJ43 said:

Thundergon said:

I would like to cover around 356.40. Near low of Friday and 5SMA. I have July 9th puts though so a little more time.
I've got July 9 355S.

Let's make a buck and take it back long for a scalp on the bounce.


I bought the same on Friday ($1.14) and was down about 40% this morning. I have similar levels: 356.20 daily 5 ema, 354.30 D 8 ema, 351.60 weekly 5 ema. Thanks for sharing your levels.
Thundergon
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SF2004 said:

QQQ just we red on the day.

Does this mean anything? Still strongly above +3 ATR.

I would think we need to go back to the mean before we can continue up.
Still above Friday's low and the 5SMA/8EMA. Would like to see a bearish engulfing candle for a move lower. Watching daily volume relative to other days to see if today's pullback is with conviction or potential head fake.
FJ43
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Txducker said:

FJ43 said:

Thundergon said:

I would like to cover around 356.40. Near low of Friday and 5SMA. I have July 9th puts though so a little more time.
I've got July 9 355S.

Let's make a buck and take it back long for a scalp on the bounce.


I bought the same on Friday ($1.14) and was down about 40% this morning. I have similar levels: 356.20 daily 5 ema, 354.30 D 8 ema, 351.60 weekly 5 ema. Thanks for sharing your levels.
I went ahead and just set a trailing stop now.

Edit: Stop triggered at 1.81. All out
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FTAG 2000
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AG
SF2004 said:

QQQ just we red on the day.

Does this mean anything? Still strongly above +3 ATR.

I would think we need to go back to the mean before we can continue up.
Doesn't necessarily have to go all the way back to the mean. +2 could be a healthy bounce.
EngrAg14
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AG
Just know the gap from 4/01 week is going to be the point the market will go down to.
400-403

It's a Gap on the daily AND weekly chart as well.
That's around 10% pullback from current levels and would be from 440..
If we hit 440 this week, I'm putting a 10% on 400 puts, likely 4 weeks out from that 440 'top'.
Triple_Bagger
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FJ43 said:

Double_Bagger said:

FJ43 said:

Totally blew the ASAN weekly put scalp on that top. That was $


Meaning you missed it or what?
Yep. Had it ready for ATM weekly puts. They were low 2.90 and now are 4+. Just a few hours later.

Just missed it
Man, sorry. I should have posted but I was sweating my 7/16 P60s I bought Friday. I was worried if I posted anything about it topping out, it might run to $80 just to spite me.
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FJ43
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Double_Bagger said:

FJ43 said:

Double_Bagger said:

FJ43 said:

Totally blew the ASAN weekly put scalp on that top. That was $


Meaning you missed it or what?
Yep. Had it ready for ATM weekly puts. They were low 2.90 and now are 4+. Just a few hours later.

Just missed it
Man, sorry. I should have posted but I was sweating my 7/16 P60s I bought Friday. I was worried if I posted anything about it topping out, it might run to $80 just to spite me.
I had an alert set and was busy managing other trades. That was easy money.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Farmer @ Johnsongrass, TX
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FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43

My SMA's on the 5, 8, 21 & 50 for SPY and QQQ show everything still bullish.

Are your EMA's indicating the same?
Yep on the Daily. Seems like its wanting to back test the 5EMA around 430. It is at east below +2 ATR for now.

Qs yes as well but pretty extended. The entire daily candle is above +3 ATR


Nail, meet the hammer!
FJ43
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Farmer @ Johnsongrass, TX said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43

My SMA's on the 5, 8, 21 & 50 for SPY and QQQ show everything still bullish.

Are your EMA's indicating the same?
Yep on the Daily. Seems like its wanting to back test the 5EMA around 430. It is at east below +2 ATR for now.

Qs yes as well but pretty extended. The entire daily candle is above +3 ATR


Nail, meet the hammer!
By .01....for now. Give me that $0.01 !!!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
Went net free on 7/9 355 QQQ puts.
You don’t trade for money, you trade for freedom.
gougler08
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AG
Bearish engulfing forming on SPY if we stay around these levels
FJ43
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Farmer @ Johnsongrass, TX said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43

My SMA's on the 5, 8, 21 & 50 for SPY and QQQ show everything still bullish.

Are your EMA's indicating the same?
Yep on the Daily. Seems like its wanting to back test the 5EMA around 430. It is at east below +2 ATR for now.

Qs yes as well but pretty extended. The entire daily candle is above +3 ATR


Nail, meet the hammer!
I've got 429.49, 428.78 (8EMA) and 428.15...ish below here.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

RigsTx
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AG
$30,000 Millionaire said:

Went net free on 7/9 355 QQQ puts.
I went ahead and sold out all of them for a decent gain.

I'm going to be sporadic on being able to watch the markets the rest of the week.

Again much appreciation to you and FJ43 and all the others for your insight.

If I could ever get my day job to slow down I'd really like to dig in and get "fully invested" in investing.
FJ43
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Nice trade
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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SPY mid day


Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Farmer @ Johnsongrass, TX
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FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43

My SMA's on the 5, 8, 21 & 50 for SPY and QQQ show everything still bullish.

Are your EMA's indicating the same?
Yep on the Daily. Seems like its wanting to back test the 5EMA around 430. It is at east below +2 ATR for now.

Qs yes as well but pretty extended. The entire daily candle is above +3 ATR


Nail, meet the hammer!
I've got 429.49, 428.78 (8EMA) and 428.15...ish below here.
I "think" the lows of the day have been printed. To me, the market today feels/acting like last week Monday June 28th.
ProgN
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Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over

https://www.cnbc.com/2021/07/06/pentagon-cancels-10-billion-jedi-cloud-contract.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
FJ43
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QQQ mid day

Probably needs 355ish

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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Farmer @ Johnsongrass, TX said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43 said:

Farmer @ Johnsongrass, TX said:

FJ43

My SMA's on the 5, 8, 21 & 50 for SPY and QQQ show everything still bullish.

Are your EMA's indicating the same?
Yep on the Daily. Seems like its wanting to back test the 5EMA around 430. It is at east below +2 ATR for now.

Qs yes as well but pretty extended. The entire daily candle is above +3 ATR


Nail, meet the hammer!
I've got 429.49, 428.78 (8EMA) and 428.15...ish below here.
I "think" the lows of the day have been printed. To me, the market today feels/acting like last week Monday June 28th.
I'm long here on SPY but just a scalp. Seems to be basing between 430.01 & 430.57
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Aggie_2463
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AG
Anyone still in MBIO or SDC?

Mbio - 3.09
SDC - 8.02

May swing trade them again soon. I went net free on both a while back
$30,000 Millionaire
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AG
FJ43 said:

Nice trade
it was your idea my man!
You don’t trade for money, you trade for freedom.
FJ43
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Bought AAPL 141C weekly
1.47
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Farmer @ Johnsongrass, TX
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FJ43 said:

Bought AAPL 141C weekly
1.47
FJ - are you showing SPY $431.45 within reach today and staying over that level to the Close?
FJ43
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Farmer @ Johnsongrass, TX said:

FJ43 said:

Bought AAPL 141C weekly
1.47
FJ - are you showing SPY $431.45 within reach today and staying over that level to the Close?
I think 430.98 must hold, 431.27 may be an issue then 431.93ish is the test.

Over 432.01 and this may close above IMO
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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