Today might be a down day

[KCalhoun]

CLOV AMC UVXY TZA nice runs

 

[SPX Options Trader]

Today might be a down day"

It's never, truly, technically, a down day or up day or flat day. If you can near pin-point the buy and sell spots within the day's chart...you will do very well.
That's what you should be understanding and dissecting -- not the day's overall, average, movement from open point to close point.

 

[murray t turtle]

Risk off is the trade of the day - USD up, Equities down, Futures down... China is having a Lehmann Brothers alike crackdown

https://www.zerohedge.com/markets/d...yment-bonds-no-longer-eligible#comment-stream
Combine that with the ended stimmys for US jobless and we are in for big red bars.

Depending on the upcoming events related to this this might be the correction bears had waited for.
Props to Dest, without you I had ignored any bearish signals this weekend.

%%
Turned out that way/ IWM+ SPY; but good for TZA, TWM, SPXU, SPXS......
QQQ + related still going up about 1 hour until close. The exec in Bright Daytrading CO made a good point, Tech Analysis of Stocks + Co magazine; higher unemployment can be bullish. Technology may make better burgers than humans in MCD.
NOT a stock tip or prediction.

 

[reecerispoli]

I think it is a day where the market decides to lie down and take a nap.

I was going to ask the same

 

[KCalhoun]

Did good today wrestling with UVXY TZA

 

[David's faith]

Luckily day traders are not worried about that.

we are more interested to know if the market is trendy or not,
and if the day range is going to be huge or not.

How do you day trade the NQ or MNQ when it behaves like yesterday at the open (big candle up, big candle down, big candle up etc.) ? I always wonder how one could profit from that. Serious question, no insult intended.

 

[maxinger]

How do you day trade the NQ or MNQ when it behaves like yesterday at the open (big candle up, big candle down, big candle up etc.) ? I always wonder how one could profit from that. Serious question, no insult intended.

Yesterday, those who traded ES or YM should be happy.

NQ hardly moved. So it was not easy to trade

 

[maxinger]

How do you day trade the NQ or MNQ when it behaves like yesterday at the open (big candle up, big candle down, big candle up etc.) ? I always wonder how one could profit from that. Serious question, no insult intended.

I pointed out some key points earlier ;

Day traders are more concerned about
trendiness,
and how big the day range.

yesterday NQ day range was horrible (only 100 points).
so it was not easy to earn $$$ trading it.

 

[antares66]

I pointed out some key points earlier ;

Day traders are more concerned about
trendiness,
and how big the day range.

yesterday NQ day range was horrible (only 100 points).
so it was not easy to earn $$$ trading it.

Are you trading mostly futures or also options on indexes?

 

[maxinger]

Are you trading mostly futures or also options on indexes?

I day trade various futures (indices, commodities, bonds ...)