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Scaling in a short here between 1462 and 1462.50

Sell 1462. 10:53 am CST

Yes. I took profits too early but this type of action is unusual. Getting frothy.....

1458-1459 target tagged to the penny. Next target 1460- 1462. Still flat......

BTW still flat---- for the day.

A couple of things. Re: early profit taking at 1256.50 versus potential upside target of 1258-1259. When in doubt book the profit. The fact is the first good opportunity to short intraday was 1257. 1256.50 is a reasonable profit target as if selling hits again you may lose all your...

So far so good. Cover longs at 1456.50. and flat.... Short @ 1457, covered @ 1453 = 4 pts Long @ 1453, sold and flat @ 1456.50 = 3.5 pts. net + 7.5 pts. I'm gonna watch for a little while and take a break....

Yes. I'm primarily intraday trading the spoos, but do look at weekly pivots as an idea and do carry trades overnight when appropriate. Having said that I agree with all you say. I enjoy reading your posts. You clearly know your game. Thanks for your comments. Others are welcome to comment...

I'm bored. My system crashed last night----Front end only. So while I await a fix I thought I'd do a little real-time journal.

Some additional selling at the previous support resistance level here at 14550. But we'll stall for a little and most likely break up into the opening range. For the gap to get filled 1458-1459 would need to be printed.

If you missed the short entry on the open the buy/cover at 9:10am may afford a bump into the opening range and a reload on shorts ( for today's trade). Today's trading can be characterized as post-options expiration hangover. Hand me a tylenol, an advil, and a bloody mary please...

Bump here at 9:10 am CST. SPOOS at 1453 BUY

It looks the high for the week in the spoos may be in already.

I had that conversation (bull market) recently with a 73 yo retiree playing the markets for 2 years now and giddy as hell he is killing it "risk free." He opined 4 more years up from what I hear. I replied where were you in 2000. Then had you put your money in hard assets and treasuries in...

(Credit Suisse data shows that there is now a 61% chance that the Bank of Japan will hike rates based on rate swaps vs a 54% chance following last week's release of GDP data). Some analysts are suggesting that the BoJ may raise rates by only 12bps to reaffirm their commitment to price stability...

FYI and off-topic: US has no meaningful deposits readily available for rare earth minerals such as neodymium. Guess who: China.

FWIW: MM pay for order flow. As do the exchanges. PMM can and do position trade as do CMM's. This is all changing as the industry changes. More transparency. Tighter spreads. Less PFOF. Typically however the money is in the spread and voluma and risk management as always. MM...

FYI although slightly off-topic (from Murphy's Intermarket TA 1991) 1. All markets are interrelated. 2. No market moves in isolation. 3. Chart action in related markets should be taken into consideration. 4. Technical analysis is the preferred vehicle for intermarket work...

No what is incredible is that you got some bona fide honest truth and you take it the wrong way. As my pappy would say "wouldn't know an opportunity if it hit him in the head."

Pa(b)st You rule!!! Tell 'em straight. Always appreciated like the sound of an iceberg cracking just as your order is filled. Clean up on aisle 10 please.