Thanks. Eagerly waiting for those trade ops.

Quite likely, just depends on how many shorts are left to squeeze out as well the wannabe longs that wanted nothing to do with the market when it was 6% cheaper a couple of weeks ago but somehow reckon that now is a better time to buy. Although I favor a pullback soon as we head into the final 3 hours of trading, I can still see a decent chance at another 2-3% upside from here before a meaningful (2%+) pullback but it’s all about risk vs. reward. I very well may reload my /NQ & QQQ longs on a pullback, ideally a backfill or possibly the top of today’s gap (the open), which is 1.25% below or 1.85% if the gap is backfilled, but I don’t care to risk giving back 2%+ in an attempt to try to squeeze out another 2-3% upside.

Closing those /NQ & QQQ swing trades freed up a lot of buying power & with earnings season starting to get underway, I love watching out for over-reactions on stocks following their quarterly earnings announcement & guidance. Big over-reaction pops or drops up to a solid resistance level or down to support for a quick pullback or bounce trade with a day trade (oversized) position as day trades don’t entail the overnight risk that swing & trend trades do. I’ll post some of those quick hit & run trading opps in the trading room although the majority of the reversals on the post-earnings over-reactions come in the after-hours or pre-market trading session. As such, one has to move quick & also be familar with trading stocks outside of regular trading hours.