Even if I am out of my options trade ( expired) for a considerable loss, the setup stands. They just extended it over time which killed my position but will reload as of todays close if they give us what I am looking for.
GL
Volatility is going to explode. However, we still have a bit more rally. Shooting star weekly candle? That's my guess for next week, but I won't know until I see the signal.
There's still a lot I don't understand about the LT roadmap. But i'd say its not as bullish as many believe.
get ready for another round. Interesting thing is, i think they wanted to sell some more a bit higher. Late day was a big failure yesterday :-) That move through the VWAP was funny, you can see them puke up those contracts. I still wouldn't be surprised if there was one more ST garbage rally. If anything, people are getting impatient and covering their shorts.
okay, from here i expect on more rally. Maybe some initial weakness in the early afternoon and then up. Starting next week, I'm going to be on the lookout for a decline that wipes out months of gains in weeks. First thing first, they want to take advantage of 'month end idiots' who will gladly buy the top. That's my number one scenario, but it's a dangerous one.
You know the stock market isn't supposed to be up here when vxx is outperforming gooog, amzn and aapl. But I saw NK coming and got out of the way. That's the only reason i was bullish at yesterday's lows.
Almost 20% in one day , get ready to rock
ReplyDeleteVolatility is going to explode. However, we still have a bit more rally. Shooting star weekly candle? That's my guess for next week, but I won't know until I see the signal.
ReplyDeleteThere's still a lot I don't understand about the LT roadmap. But i'd say its not as bullish as many believe.
explode, that is a good description of today's action. Vix +35% in one day ...
DeleteCongrats !
get ready for another round. Interesting thing is, i think they wanted to sell some more a bit higher. Late day was a big failure yesterday :-) That move through the VWAP was funny, you can see them puke up those contracts. I still wouldn't be surprised if there was one more ST garbage rally. If anything, people are getting impatient and covering their shorts.
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okay, from here i expect on more rally. Maybe some initial weakness in the early afternoon and then up. Starting next week, I'm going to be on the lookout for a decline that wipes out months of gains in weeks. First thing first, they want to take advantage of 'month end idiots' who will gladly buy the top. That's my number one scenario, but it's a dangerous one.
ReplyDeleteYou know the stock market isn't supposed to be up here when vxx is outperforming gooog, amzn and aapl. But I saw NK coming and got out of the way. That's the only reason i was bullish at yesterday's lows.
Delete