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Showing posts from March, 2021
Six sigma trade going long TLT materializing slowly but surely. Need to see 10 yr rates close to 1.9
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Always good to make almost 2 weeks of pay from your regular job in 2 minutes on a day trade
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Got in 1 day too early on DE puts. Lesson : wait for some kind of shooting star event to short high flyers. Could have easily shorted above 385 to 390s.
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Odds of making a new high on IWM and SPX are now 50/50 IMO. For the NDX I would say it appears to be going to 13600. I can't see NDX making another new ATH at this time. But anything can happen. I may reduce half my longs depending on how the market trades in the last 2 hours of the day. Again, I still wouldn't be surprised if today's action reflects 1st of the month effect and we have a down day tomorrow. OD
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Sold all the MOMO calls and RMO this morning. Made a few G's. Now I am long OGI and STIC. My thoughts on this market. Anything can happen. But my first instinct is this is just a short covering rally. I thought we were going to be down today and resume the correction. For now, I will remain long but ready to flip short in an instant. My target for NDX is 13350. I will watch that level to see if it can get there and if it can breach it. If so, we are going back to possible highs again. But if not, this is just a short covering rally. If we resume downside, number # 1 target is DE puts. # 2 target is IWM puts. Ol Dawg