I bought puts yesterday on the QQQs and made a little money. That trade felt tough, like a pinned stock on options expiration.
Yes. Yesterday was a grind. Very contained. I have a hunch today will be more loose. I'm sure for some it will feel like a crash. A nudge below last week's low and maybe a (weak) rally to close October green seems about right.
ES is getting lazier and lazier. 28 Oct day range was a tiny 26 points. Calm before the storm? STORM, please come!
Took another short position today. I might switch to long positions today should an opportunity presents as bears seem to get exhausted.
All of us are wrong some times. My odds of me being wrong vs you being wrong are way higher. Still I think there's a good chance of hitting 6000 before the election, but it's just a gut feeling.
Definitely possible. We've seen stranger things. I think the charts I posted this weekend suggested a pullback going into the election based on historical analogues, so that's my main data point here.
Earnings. Today AMD and Google Tomorrow Microsoft and Meta Friday Apple, Amazon and Intel We're 2.5% away from 6000 Let's see if this craziness continues
My trades are held for seconds to maybe an hour at most, so I trade both sides. Lately I find myself waiting for the stock exchange to open because premarket moves have been muted. That might change later this week with the employment data coming out Thursday and Friday. So long as the S&P is above 5522.30, the July close, my preference is to be a dip buyer through the election and certainly through the rest of the year. I'm still long MES in my swing baby swing account.
Ugh. Stopped out my beautiful pre-market short at 53.50. High ticked on a trailing stop. I want to short again, but waiting for the market open to see what develops. Tempted to short even here, but I generally avoid shorting into the hole.