4363 new SPX targetCrazyRichAggie said:Got through, see if it holds.mazag08 said:One more try here?BenRev09 said:rejected Wednesday's close for the third time, getting interesting...J.P. 03 said:I *HATE* trying to time tops or bottoms because it's so easy to get burned, but if we hit 434.50 I'll jump in on some Put lottos.Cloud said:
Fj still hanging on to spy lottos?
I thought we'd see a retrace to around 433.50. But who knows
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Last: 50 min ago by El_duderino
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
You don’t trade for money, you trade for freedom.
Avi agrees. But with a risk warning.$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
Quote:
The market held the pivot this morning to the penny, and has continued higher. But, risks are certainly rising.
The posture of the IWM is concerning me a bit. So, I am moving up our pivot on ES. And, as long as we hold support on the next pullback, then I am looking for a 5th wave higher.
Now, keep in mind that should we complete 5 waves, it will be a place of higher risk. That CAN complete a wave 3 in yellow, or it would be wave 1 of v of [iii], as you can see on the 5 minute SPX chart.
So, to keep pressure up, we MUST complete 5-waves up, see a corrective retrace in a wave 2, and then break back over the high of wave 1, which will likely be targeting the 4488SPX region next.
Therefore, please recognize that risks are rising in this region right now, at least until the wave 1-2 triggers to propel us towards 4500SPX next.
there it is - new ATH.
You don’t trade for money, you trade for freedom.
This is uncharted waters. just crazy.$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
$30,000 Millionaire said:
there it is - new ATH.
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FTCH has been scooped up a lot by Cathie Woods. Interesting there.
Anyone see any good options? The Aug 20's at $50-$55 are bit more expensive then I am prefering at the moment.
Anyone see any good options? The Aug 20's at $50-$55 are bit more expensive then I am prefering at the moment.
$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
CLOV is up for the first time in a while. Maybe we found the bottom?
$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
I think you're just a bit ahead of schedule. NASDAQ MACD lines are on the verge of bearish intersection.at that's a lagging indicator. Sure feels like we are on a peak.
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Jeez i hope not. We're experiencing "the market can stay irrational longer than you can stay solvent"
Reckless abandonment is currently being rewarded (not just in the market) but we know how that pans out long term
Reckless abandonment is currently being rewarded (not just in the market) but we know how that pans out long term
PYPL lottos are closing in on a triple and we are about a buck 45 from resistance. I am going to take the rest of mine off here shortly.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
We're here when you're refreshed and clear. Kudos to you for knowing when you need a break. I try to hit out of slumps....it's not always the best.$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
Bunting is what I have to do when I get smacked. Just want to get to first base a few times is all.McInnis 03 said:We're here when you're refreshed and clear. Kudos to you for knowing when you need a break. I try to hit out of slumps....it's not always the best.$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I'm rebuying SPY puts I sold yesterday, but this time Sept 400s. even though part of me knows I should wait until the top confirms
You're probably safe with those but can likely get them cheaper next week.sts7049 said:
I'm rebuying SPY puts I sold yesterday, but this time Sept 400s. even though part of me knows I should wait until the top confirms
Surely Monday will be a red day...
I like how everyone in here on PS60 is outing themselves on the chat right now.
Feather into them as a 3-5% PERCENTAGE of profits gained. Agree, although that $435 call premium seller re-entered his first round of naked calls on the flash above his $435 mark. He thinks anything above here is short lived and will be quick to recapture on the way down.mazag08 said:You're probably safe with those but can likely get them cheaper next week.sts7049 said:
I'm rebuying SPY puts I sold yesterday, but this time Sept 400s. even though part of me knows I should wait until the top confirms
No way I'd sell naked premium unless I see a top confirmed OR if I had cheap calls that came into the money and sold naked premium as a potential much larger profit straddle against those.
BTW he keyed his naked calls on that 200k+ minute road to nowhere. It actually ended lower than the lesser volume high before it. I taught him that! But I also taught that while generally a pullback occurs from it those may not be actual reversals. Wonder if he's sweating?
Yeah. I think I started that.
New phone who dis?
ZS
I started a small position in next weeks 230C earlier this week.
I am adding here as this looks like its going to breakout again soon. Not full size but not lotto size either.
Held up well this week.
Volume nice.
7/16 230C
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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-IMO, yesterday's flush was the best thing to happen in terms of extending this bull run.$30,000 Millionaire said:
if we close at new ATH today, I believe 4400-4500 are in the cards.
On a related note, I have clearly lost my edge and I am going to take a break from trading.
-I doubt there's a major pullback this month. I understand things can change in a moment and as of this moment I don't see a major pullback in July after yesterday's health restoring dip.
-I'm looking to August for that elevator ride down.
-Today, SPY gapped up; however, just need a $1.39 over yesterday's Close and the gap gets filled. And, it's a green day throughout never dipping into the red. Should be doable if the gap needs closing today.
-Next week, if we get a rinse and repeat of buy Monday and sell Friday, I wouldn't get shook if Friday shows a little red.
-Next week, maybe in on Monday, then headed to TX for biz and hope to come back to this thread in a couple weeks - I'll be reading it in the meantime. Make money and give it hell boys!
In the cynical thought column -
***What's the odds we wake up one morning to a headline that reads something like - FED defector breaks ranks and reveals FED Repo Program money used to prop DJIA/NASDAQ, Trillion missing*** Wait, whaa...
In the where's the bears concern -
Where are the bears? A week ago I was in Mitchell, SD on I-90 and stopped at fast food shop for a quick bite. In wheels a pickup to the parking lot with Utah plates and a special holding pen in his box. He had about 6 or 7 hunting dogs in the pen. I asked him what's he hunting with those dogs. He said bear and lion, just left Idaho on his way to western North Carolina driving straight through at 30 hours. Said he was taking on bears in NC. I think this guy has scared all bears away. They're all hiding in the woods now! I found the bears...sorta..
Buying a few CHWY 7/16 85C here. Smaller size and will play a little smaller for a bit here.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
My friend suggested COUP as a nice play for next week.thoughts on this chart?
This is why you fade my SPY playstlepoC said:I jumped in front. Based on past few weeks, I'd recommend staying away just based on that.J.P. 03 said:
Anyone brave enough to start thinking about SPY puts yet, or should we just stay out of the way of this train today?
I'm going to utter 3 of the most dangerous words in trading, but....IT FEELS LIKE we may get a lunchtime dip here, so I picked up a handful of expiring SPY 436 Puts here. Quick trigger to bail if we bounce back up quickly.
SGOC halted after explosion. No options but fun to watch
Out of all expiring trades. Once we hit noon in NY I exit the party.
— 2021 Opportunity Stocks Knock (@oldarmy1) July 9, 2021
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Open for 4o seconds shooting up another $2 and halted again at $8.96 with an indicated $10.66 reopen.oldarmy1 said:
SGOC halted after explosion. No options but fun to watch
Now $12 indicated. If people don't sell a huge chunk on this reopen they are nuts.
AAPL & PYPL are machines today.
I'm out on both fully but dang,
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Stopped out on PYPL but ill take the 190% gain all day. FJ does it again!
I have a sneaky feeling SPY bull flags down to $434.40 and then takes off again.
Same group who touted the $SGOC back in the $3's are saying PETZ is next. Just an FYI. I nabbed 5000 shares just a minute ago figuring what the hay.
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