393 was the peak on Friday. I bought 393Cs this morning. Can't decide whether to take profits or see what happensGolf1 said:
At this rate SPY is going to be hitting $400 by end of day. Doesn't seem to want to pull back at all.
393 was the peak on Friday. I bought 393Cs this morning. Can't decide whether to take profits or see what happensGolf1 said:
At this rate SPY is going to be hitting $400 by end of day. Doesn't seem to want to pull back at all.
Which EMA study are you using?irish pete ag06 said:
Even with the gap up and big green, we still have yet to overtake the 8 EMA on the daily. We are still very clearly in a downtrend until we aren't.
wanderer said:
OA, thoughts on METAs explosion move today?
FJ43 said:
Evening Gents!
Well….could have bought a boat if I held onto those VIX calls just a tad bit longer. All I get is a new Stetson hat and a nice steak dinner. My bad. But at least Mrs FJ can eat a steak this weekend.
Exited SPY puts with the opening push down. Solid trade.
Missed the VIX puts by a cent with a 'drive-buy' but thats what I get for drive trading.
Tried to take SPY long for the bounce and missed that too. Again drive-buy' trade.
Bought DNN at 1.04 today.
Sat on hands rest of the day. Most likely I will lotto trade Friday and Try to make some spending money.
Hope y'all killed it today.
Jet Black said:FJ43 said:
Evening Gents!
Well….could have bought a boat if I held onto those VIX calls just a tad bit longer. All I get is a new Stetson hat and a nice steak dinner. My bad. But at least Mrs FJ can eat a steak this weekend.
Exited SPY puts with the opening push down. Solid trade.
Missed the VIX puts by a cent with a 'drive-buy' but thats what I get for drive trading.
Tried to take SPY long for the bounce and missed that too. Again drive-buy' trade.
Bought DNN at 1.04 today.
Sat on hands rest of the day. Most likely I will lotto trade Friday and Try to make some spending money.
Hope y'all killed it today.
What are your thoughts on DNN?
FTAG 2000 said:Jet Black said:FJ43 said:
Evening Gents!
Well….could have bought a boat if I held onto those VIX calls just a tad bit longer. All I get is a new Stetson hat and a nice steak dinner. My bad. But at least Mrs FJ can eat a steak this weekend.
Exited SPY puts with the opening push down. Solid trade.
Missed the VIX puts by a cent with a 'drive-buy' but thats what I get for drive trading.
Tried to take SPY long for the bounce and missed that too. Again drive-buy' trade.
Bought DNN at 1.04 today.
Sat on hands rest of the day. Most likely I will lotto trade Friday and Try to make some spending money.
Hope y'all killed it today.
What are your thoughts on DNN?
I don't think the calculus on DNN has changed since first brought to the board (may have been FJ who first did).
It basically oscillates in a multi-year darvis box.
Buy in the $1-$1.10 window, sell when it gets up to the $1.30-1.4 area.
Rinse, repeat.
$SPX You heard it here 1st. Predictive Analysis remains sideways into Fed. We didn't get follow through on the squeeze which just means we end up right smack in the middle of the box. If you didn't enter puts on the spike then don't now because you would be trimming into MT. pic.twitter.com/SEGz4GJ6Xu
— Disciplined Trading (@oldarmy1) March 14, 2023
Talking next week Fed (interest rate discussion)?oldarmy1 said:
Markets are sideways into the Fed. Count on it, unless another major blow up occurs. And even that might only take us to the bottom of the box, since Mommy Fed is bailing everyone out. Zero consequence financials. Must be nice!$SPX You heard it here 1st. Predictive Analysis remains sideways into Fed. We didn't get follow through on the squeeze which just means we end up right smack in the middle of the box. If you didn't enter puts on the spike then don't now because you would be trimming into MT. pic.twitter.com/SEGz4GJ6Xu
— Disciplined Trading (@oldarmy1) March 14, 2023
Boy Named Sue said:
Wish you'd been posting!
BaylorSpineGuy said:
Nice word from Icahn. Challenging times indeed.
I have said now for a while that inflation is a cancer to an economy - nice to hear similar sentiment from Icahn. Interest rate hikes are the chemotherapy, and whatever breaks (bank failures, job losses, price re-valuations, etc.) is the side effect of the chemotherapy.
Unfortunately, austerity measures are also likely needed at the federal level, but there doesn't seem to be enough IQ or political willpower - not sure which - to get that done.
Jet Black said:FJ43 said:
Evening Gents!
Well….could have bought a boat if I held onto those VIX calls just a tad bit longer. All I get is a new Stetson hat and a nice steak dinner. My bad. But at least Mrs FJ can eat a steak this weekend.
Exited SPY puts with the opening push down. Solid trade.
Missed the VIX puts by a cent with a 'drive-buy' but thats what I get for drive trading.
Tried to take SPY long for the bounce and missed that too. Again drive-buy' trade.
Bought DNN at 1.04 today.
Sat on hands rest of the day. Most likely I will lotto trade Friday and Try to make some spending money.
Hope y'all killed it today.
What are your thoughts on DNN?
FJ43 said:
Closed back in the box. Keep an eye on.
FJ43 said:
This is an easy Darvas Box trade boys……
FJ43 said:
Don't know where this one is going but keep an eye on. Closes above 19 and this could make the next leg.
Maybe set some alerts.
$AMAT