Recent content by 4xis2ez

Sold NTAP Dec. 25 puts at 2.30. The market looks very bullish.

Good trading in Nov. Rezo:) I likewise had an 11% gain for the month on 2 trades. I think your adding shorter term trades to your mix will do well for you. You had too many trades move to profit, only to come back for breakeven. I hope things go well for you. Regards, Russell.

Bought NTAP Dec. 25 puts at 2.45. Looking for price to roll over on the daily chart. Potential target is 21.00 on the stock. Expecting a broad market decline this week, with a short term cycle low around Dec. 5. It may not move very much, so lets see what happens. Vix again bounced off...

Their is no minimum. Buy as many or as little as you want.

A reversal to the downside. Low VIX means a top could be in place. Hi VIX, bottom is in place. The low VIX means traders are going long spx call options. Since the majority are wrong, this could mean a top is nearing short term. I think this swing higher on QQQ will not make it to...

Hi Walter, I posted this in my thread regarding VIX. VIX touched support at historic lows. A reversal is in the making.

Sold QQQ Dec. 32 calls at 3.40. The VIX touched support and reversed. Now is no time to be long the market. I don't think there is much upside left on this current up swing. My cycles show a high on Nov. 29, (or thereabouts). Then a low around Dec.5. Looking to trade a downmove next week. On...

Maybe QQQ is working off overbought conditions for new highs tomorrow.:)

Walter, If price approches 36, I will probably take profit. Using a trailing stop for now. If price makes a new high, that will probably set up bearish osccillator divergance, making a trade to the downside next week a possibility.

Hi Walter, Do you have a target price for QQQ for this upmove? Thanks.

Bought QQQ Dec. 32 calls at 2.95. Exit if QQQ drops below 34.03. Expecting an upmove in the market this week. Good trading all. Russ.:)

33.82 is .618 of move from 32.36 to 36.18.

Here's another thought regarding VIX. I just think right now is not a good time to position trade short.:eek:

Rezo, I know you don't care about fundies, but there is just no reason to be very bearish. Dollar weakening is helpful to US companies. US stocks are cheaper to buy for foreigners. Bullish sentiment in the stock market makes buying the dips likely. Besides my cycles show a low around Nov. 24...

Expecting a cycle low in the next few days. May be good buying opportunity as has been in the past.