Made 17% on the DNN uptick today. Will add more when it slides back to $1.23-1.25 range. Thanks FJ43
So does it need to break through that yellow intraday trendline to establish a new intraday trendline, or how does it reset the intraday?FJ43 said:
SPY scalping.
Watching yellow intraday trendline and red SR (major)
Sometimes, there's a chart that just blows your hair back.
— SentimenTrader (@sentimentrader) September 7, 2022
In 22 years of doing this, none stand out like this one.
Last week, institutional traders bought $8.1 billion worth of put options. They bought less than $1 billion in calls.
This is 3x more extreme than 2008. pic.twitter.com/paqtIFxogE
Red Pear BCS Luke said:
Queen has died.
I could not disagree w/ @saxena_puru more… tune in @TDANetwork with @OJRenick @ 9:30am 🥐ST to understand why! https://t.co/y4eS9Nvna4
— Cem Karsan 🥐 (@jam_croissant) September 8, 2022
might be game on here soon for shorts. OR not, busted through intraday downtrend.FJ43 said:
Rejecting the 398.18 SR so far. Want to see if rejects the yellow intraday downtrend line. If so I scalp short with tight stop. If it's the the red SR major being rejected I rinse and repeat for next week 395P.
For me other than that I sit on hands and let price come to me and determine my trade. No reason to press here.
BaylorSpineGuy said:
Huh? Not sure I follow?
Do all these guys with Reddit followers just front run their posts? Seems like the only easier way to trade would be elected a member of Congress.BourbonAg said:
Just reading the tweet thread it sounds like he thinks the market is going to keep going down and that the WSB crew is going to follow along with the huge put buying.
I did two quick scalps while driving but went into the close flat. Both were put scalps on intraday trend lines. Happened quick while driving so couldn't post.topher06 said:
SPY not getting the momentum to get back over 399.50. FJ's levels look correct right now. FJ, reloading puts? I hate betting on don't pass and already did yesterday, but guess we are all mercenaries in the market.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
Thanks for the analysis. Mostly learning at this point. Ended the day up a bit on options just cause of those put hedges I bought yesterday at close (more on overall stocks, like probably most people). Every time you or OA1 posts a chart, it helps a lot of us suck at this a little less.FJ43 said:I did two quick scalps while driving but went into the close flat. Both were put scalps on intraday trend lines. Happened quick while driving so couldn't post.topher06 said:
SPY not getting the momentum to get back over 399.50. FJ's levels look correct right now. FJ, reloading puts? I hate betting on don't pass and already did yesterday, but guess we are all mercenaries in the market.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
Looks like a decent buy of 1.2M shares on the 1min at 4:11 EST, Powell spoke so we will see what the open brings.
What I am watching overall is the H&S on the daily I posted to fill in...or not. No bias either way.
Just my 2 cents but 406-8 is high side this leg...loses 398ish and we go down again. But that's just a guess looking at charts.
Jan 24' 22C @ .91BaylorSpineGuy said:
What strike did you select and what was your avg fill price? Sorry if I missed this before…
On the technicals, it looks appealing. On the fundamentals, they've got some great copper prospect in Pakistan that is still under permitting and then quite a few gold projects in the hopper - don't know much about metals mining though. Need a weaker dollar to really send this thing, but despite the US's best efforts every other country is still out ****-showing us.FJ43 said:
Don't know about y'all but liking OA's GOLD play.....