Comments on: NQ Nasdaq Futures At Dual Resistance Levels

By: G-Trader

G-Trader — Fri, 24 Apr 2020 18:23:51 +0000

In reply to venetiandog. Hope you are not incurring big losing position. We are going higher

By: venetiandog

venetiandog — Fri, 24 Apr 2020 15:56:44 +0000

In reply to G-Trader. as planned

By: venetiandog

venetiandog — Fri, 24 Apr 2020 15:55:42 +0000

In reply to G-Trader. excellent

By: G-Trader

G-Trader — Fri, 24 Apr 2020 12:57:48 +0000

In reply to venetiandog. @venetiandog Are you still holding SPY or QQQ puts?

By: G-Trader

G-Trader — Thu, 23 Apr 2020 16:27:07 +0000

In reply to venetiandog. SNBR hit my first 30 target. I will hold end of day see if it can go to 32

By: venetiandog

venetiandog — Thu, 23 Apr 2020 16:11:02 +0000

In reply to G-Trader. Thanks

By: G-Trader

G-Trader — Thu, 23 Apr 2020 15:54:08 +0000

In reply to venetiandog. I had SNBR 27C 5/15 when the stock was 23 yesterday. It was an earnings play. I got CMG 930C 5/15 exp. It's down some. But I think we will see 950 in CMG before it expires. Also over all I think SPY will hit 300 next week so be careful shorting. Just my opinion

By: venetiandog

venetiandog — Thu, 23 Apr 2020 13:33:24 +0000

In reply to G-Trader. Well, that's like offering chewed up leftovers then...

By: G-Trader

G-Trader — Thu, 23 Apr 2020 13:28:22 +0000

In reply to venetiandog. That is correct with TSLA I get some trades prior to earnings and let it run up. I did the same with NFLX and maybe AMZN next week.

By: G-Trader

G-Trader — Thu, 23 Apr 2020 13:27:25 +0000

In reply to venetiandog. The positions I am holding on CMG and SNBR I'm holding from yesterday so it would be different if you got in today. TSLA reports earnings next week and I see it going to ATH and 1000 yes. I'm holding shares and calls.

By: venetiandog

venetiandog — Thu, 23 Apr 2020 13:20:21 +0000

In reply to G-Trader. No strike or exp? BTW: You left me thinking with TSLA 1000. Do you do that to pay really cheap for the call and plan on letting it go way before expiration or do you actually see it hitting 1000?

By: G-Trader

G-Trader — Thu, 23 Apr 2020 12:52:18 +0000

Good morning. As I know some of you hate when I post so please ignore. However for those of you who have followed my bullish contrarian view we are on our way to SPY 300 this month. If you care to know I’m holding calls in CMG and SNBR. If you care to join. CMG I think can hit 950 and SNBR I think 32. Good luck, I can’t tell you when you should let go of a losing position on the short side but hope stop losses were set. Good luck

By: venetiandog

venetiandog — Thu, 23 Apr 2020 03:25:25 +0000

In reply to G-Trader.

Shorting this relief rally is getting close to becoming a horrible mistake I’ll never stop beating myself for.
I think it’s too late to flip to long at this point. I’m so disgustingly deep in the whole right now that I’ll just sit and pray this last one ’till the stops pop… Wish me a miracle :)
If this rigged “market” keeps going up by printing trillions I’ll just lick my wounds and save up for after the big guy finally buys his re-election with hundreds of Fed trillions. That will be the mother of all bubbles and he’ll be happy see it pop with fireworks upon mission accomplished. What an astronomic short that’s going to be…

By: PWL

PWL — Wed, 22 Apr 2020 23:05:42 +0000

In reply to astoria26. For exactly that reason you mentioned, I make sure to also watch the /NQ and /ES levels that Randy points out, when trading QQQ or SPY. And I believe Randy has also suggested watching them all also.

By: G-Trader

G-Trader — Wed, 22 Apr 2020 22:27:11 +0000

Other than yesterday’s sell off which we made it all up today what do you have to show for holding your position. The NVDA trade for example killed the short position. You guys still holding ?

By: G-Trader

G-Trader — Wed, 22 Apr 2020 22:24:43 +0000

I am uncertain why you guys continue to hold on a losing trade ? What happened to just follow the trend?

By: venetiandog

venetiandog — Wed, 22 Apr 2020 21:06:37 +0000

I’m confused about QQQ not being official.
Is NVDA official?

By: gthompson333

gthompson333 — Wed, 22 Apr 2020 20:54:14 +0000

In reply to Gambler. You got to know when to hold em, know when to fold em, know when to walk away.

By: jamesp

jamesp — Wed, 22 Apr 2020 20:45:18 +0000

I decided to sell a call spread on NDX into this resistance in case they want to chop this bad boy sideways for a while. Thanks for the late day heads up

By: Gambler

Gambler — Wed, 22 Apr 2020 20:39:54 +0000

@rsotc Randy - Because you highlighted the 8690 earlier today. I want to give a thumb up. I was red in my short and they didn't shake me out of my position at /NQ - Thank you

By: Trey

Trey — Wed, 22 Apr 2020 20:25:50 +0000

@rsotc -- Thank you for the timely post.

By: astoria26

astoria26 — Wed, 22 Apr 2020 20:01:41 +0000

@rsotc hey Randy, do breakouts, backtests, and trendlines matter more on /NQ or /ES futures that trades around the clock, or Nasdaq/S&P500 that only trades during trading hours? Because there's often gaps up or down, sometimes Nasdaq and S&P500 are missing some of the highs and lows that the futures get on their charts. One example is that ES hit a high of 2884 on 4/16 evening, but S&P doesn't have that on its chart because that was after trading hours. This results in drawing trendlines that are a little bit off from what you would draw on the futures. Yet, Nasdaq/S&P is what more traders see. So which one is more important to make trading decisions off of?

By: ribrob

ribrob — Wed, 22 Apr 2020 20:00:35 +0000

@rsotc Nice call on the 8690 level /NQ

By: gthompson333

gthompson333 — Wed, 22 Apr 2020 19:49:28 +0000

In reply to rahjah11. Yup. The market is probably trying to exhaust the shorts. This could go on for awhile, but hopefully an earnings report comes in, that topples the house of cards.

By: rahjah11

rahjah11 — Wed, 22 Apr 2020 19:45:08 +0000

It’s like they are still eliminating shorts for the next drop – anyway, thanks for all U do