NQ Hot Shot Index Traders

[despichtt]

Recap a bit. What did I expect? NQ to discount higher for the day somewhere. Forex and bonds did whole week but for NQ the effect was minor. Still the close was the high of the day but I was gone long time ago. I did buy the opening cash market but could/should have anticipated the opening pop. Had I done this, I would have made 2 very descent trades but I was bit late in the trade and price just didnt reached my fixed TP target. Against my feelings for discounting higher I was in fact netto seller. Didnt forgot the big tech to sell at Monday and as it happened again I was there collecting the first strong signal 0940 ET when sellers volume popped as you could see by the 30sec IB chart.

For today I expect much of the same. Likely previous highs at the big fibo will hit again. From there we have to see. When core CPI doesnt deliver I expect sellers to get into it again as all the big tech doesnt show much appetite to gain much further.

Looking forward to other insights!!

 

[Overnight]

...When core CPI doesnt

It did deliver.

...I expect sellers to get into it again as all the big tech doesnt show much appetite to gain much further....

They (sellers) will get into it again because of the "special rebalance".

 

[semperfrosty]

Recap a bit. What did I expect? NQ to discount higher for the day somewhere. Forex and bonds did whole week but for NQ the effect was minor. Still the close was the high of the day but I was gone long time ago. I did buy the opening cash market but could/should have anticipated the opening pop. Had I done this, I would have made 2 very descent trades but I was bit late in the trade and price just didnt reached my fixed TP target. Against my feelings for discounting higher I was in fact netto seller. Didnt forgot the big tech to sell at Monday and as it happened again I was there collecting the first strong signal 0940 ET when sellers volume popped as you could see by the 30sec IB chart.

For today I expect much of the same. Likely previous highs at the big fibo will hit again. From there we have to see. When core CPI doesnt deliver I expect sellers to get into it again as all the big tech doesnt show much appetite to gain much further.

Looking forward to other insights!!

Demo trader drivel.

 

[despichtt]

It did deliver.




They (sellers) will get into it again because of the "special rebalance".

Yes, that is what you call delivering! DR-3 level reached for NQ and finally cracking the previous highs. Not much rebalancing today like the previous days if you mean covering the big tech to buy smaller companies. Almost evreything that was hot/hyped before is hot today.

Its likely gonna close above previous highs as well end of day but I cant see it fly much further heading into earnings season. Cant see much of a suprise rectifying these levels eather and I dont think AI will deliver for most of the big tech in the short term(no, Im sure); only for a few like NVDA.



Didnt trade today but if I had, sure pushing through to this DR-3 level after the CPI data. Beautifull flow from compilation of stochastics min15 chart after the highs to read some correction back to pivots lower. Its not a secret, pivots mean the whole world to me and should for evreybody

 

[despichtt]

Encouriging news by Brainard reg the latest dip buyers:

12:08 (US) White house economic advisor Brainard: Recent non-house core services inflation is close to pre-pandemic levels - Labor market in much better balance than it was 6 months ago - Inflation data was encouraging - New evidence today US on path to moderate inflation - Inflation is coming down, and is close to more normal levels -

 

[Overnight]

Encouriging news by Brainard reg the latest dip buyers:

12:08 (US) White house economic advisor Brainard: Recent non-house core services inflation is close to pre-pandemic levels - Labor market in much better balance than it was 6 months ago - Inflation data was encouraging - New evidence today US on path to moderate inflation - Inflation is coming down, and is close to more normal levels -

Not out of woods yet. PPI tomorrow and Powell piehole-gymnastics with Euro PMI flash in 2 weeks.

 

[SunTrader]

PCE Core not coming down ... as of last report in June.

 

[despichtt]

Not out of woods yet. PPI tomorrow and Powell piehole-gymnastics with Euro PMI flash in 2 weeks.

They have no fear for PPI. First things first: start earnings season and Retail data next week. But as I have short game anyway, every day has its own story and thats what Im intrested in about. Sometimes I hold overnight, likely some earnings catalist, but thats also rare

 

[Overnight]

They have no fear for PPI. First things first: start earnings season and Retail data next week. But as I have short game anyway, every day has its own story and thats what Im intrested in about. Sometimes I hold overnight, likely some earnings catalist, but thats also rare

When you say you "have short game" you mean you only like to day trade, or are you also biased to the sell-side of NQ?

 

[despichtt]

When you say you "have short game" you mean you only like to day trade, or are you also biased to the sell-side of NQ?

As I said, I take my clues day by day, so yes day trading almost always. I dont sleep well taking things over night eather, just very rarely do. I wasnt looking for sellings yesterday but when all biggies sell like crazy for some time, I know what to do. Biased to the sell?, well.. I think its all hyped too much a bit yes but than again some day like today might change my view for the day. Thats why I like that short term very leveraged trading style so much; its far easier grabbing the fast money day by day and.. I sleep much better as well not holding anything but cash in my account over night