S&P close to 3000 key res 200sma -- strategy?

[KCalhoun]

With the S&P getting close to 3000, it'll be interesting to see how markets react..... any thoughts?

It's a good time to tighten up trailing stops on long swings. In my 2nd fidelity account I've been holding casino and oil stocks HAL PENN etc while scaling out of inverses in main account.

Either we get a continuation or a headfake, good idea to plan if/then trade setups ahead of time.... ideas?

 

[Laissez Faire]

My best guess is we'll tag 3000/3021.50 tomorrow or Friday, but quite possibly sell/retrace down to 2860 next week or so.

 

[1957may10]

With the S&P getting close to 3000, it'll be interesting to see how markets react..... any thoughts?

It's a good time to tighten up trailing stops on long swings. In my 2nd fidelity account I've been holding casino and oil stocks HAL PENN etc while scaling out of inverses in main account.

Either we get a continuation or a headfake, good idea to plan if/then trade setups ahead of time.... ideas?

I guess, it won’t strike over. PENN is good for midterm! Good luck for casino, Hal, I got ccl
I’m making swing, inverses now, I’m happy. Like cruising have ccl

 

[1957may10]

My best guess is we'll tag 3000/3021.50 tomorrow or Friday, but quite possibly sell/retrace down to 2860 next week or so.

Sure retrace !

 

[formikatrading]

The fact that I don't want to short here probably means that I should. Theoretically, should be resistance right up to about that 3020 level. Also, got a "13" sequential sell signal today on S&P 500 and NDX and most of my signals are at typical short-term sell levels so I'm not about to push the long side here.

 

[HeSaidSheSaid]

0) risk assessment of the unknown (Covid19) is known (we can take on you).
1) good sign is the traditional horses are leading (semi and bio)
2) Oil has also participated the rally
3) FED's guarantee: we're here to support

 

[kashirin]

0) risk assessment of the unknown (Covid19) is known (we can take on you).
1) good sign is the traditional horses are leading (semi and bio)
2) Oil has also participated the rally
3) FED's guarantee: we're here to support

P/E 23 and is growing fast

 

[maxinger]

interestingly NQ is almost going to hit all time high of 9700

 

[Girija]

My best guess is we'll tag 3000/3021.50 tomorrow or Friday, but quite possibly sell/retrace down to 2860 next week

With the S&P getting close to 3000, it'll be interesting to see how markets react..... any thoughts?

It's a good time to tighten up trailing stops on long swings. In my 2nd fidelity account I've been holding casino and oil stocks HAL PENN etc while scaling out of inverses in main account.

Either we get a continuation or a headfake, good idea to plan if/then trade setups ahead of time.... ideas?

Will you be trading nvda for earnings.

 

[Laissez Faire]

Will you be trading nvda for earnings.

No.

I only day trade ES.

Will you?