DaddySawbucks

Great Bear Flag Will Soon Break

做空
DaddySawbucks 已更新   
TVC:SPX   标准普尔500指数
"The Bull Market is back!" Say the TV talking heads. But in spite of the tech runup, small caps remain stagnant and 40% of stonks still trade below their 200 DMA.

So, the 'bullishness' is limited to the glamour go-go issues. NVDA, MSFT, AAPL, MSFT, AMZN, GOOG META... etc etc all go higher, while the rest languish.

That ain't a bull market, it's a Bear Market Rally. And now we go VIX squeezed back down under 16, the flag is nearly unfurled imo.

P/C and bear sentiment crushed to lows not seen since Jan 2022. Everyone thinks it's going higher, that's when it rolls over.

Double-double top; beware of drop. Y2K meltdown took two years. This one probly be about the same.

When you think it's over, think again. Bear ain't over until all hope is lost and greed crushed. Get ready.

订单已取消:
Yeah bear shares got melted. Only bright spot was the covered calls I sold defrayed the drawdown.
Out for now, sorry!
评论:
Yeah it was relief rally off debt deal. Unexpectedly bullish for DJI, RUT. Notice relative weakness in NQ...
tapped out? We will see.
交易开始:
Loaded up bear shares with SPX trading near 4300. EOD sell came as pleasant surprise to shorts.

Had to scramble to cover calls I wrote on the ETFs. Holding SPXS SDOW SQQQ TZA.

Look for a PINBAR Tuesday. IF we get it, that's a clear sell signal.
交易开始:
closed shorts in am weakness ofc now it bulls, btfd! no pinbar 2day eh?
交易开始:
well look what the algos did. RTY +5% in 2 days, NQ tanked... they took money from other indexes to pump RUT. go figure. banked a bit off a few putskis today.
more econoreports thurs am could be an excuse to bull again. who knows. all risk little reward up here.
交易开始:
4293 on the bounce. looks toppy. sector rotation is bewildering, look at RUT...evry penny taken from NQ went into RTY...how long will it last until the house of cards tumbles?!
评论:
Again at 4293 EOD... fading... shorted SPY, QQQ at 429, 353.
交易结束:到达止损:
fooled agin
评论:
Probly stopped out at the top, pretty standard
评论:
Has now 'topped' 3x in past week. Patterns...useless. Indicators...worthless. Goes overbought, then more so.

Probably will end badly, but could be a long wait until then.

Shorts seem imprudent at this juncture. Chasing it, more so. Staying out.
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