Urgent Message From Rennick

I'll go out on a limb here, but it does look like we are going to finish just above the flat line on SPX today. This might be your dip rennick.

can't get the price I want on getting back into my QQQQ calls that hit the profit stop this morning, so I'll probably not get in on this one.
 
I just laid into some auggie qqq 49 calls@ 28 bucks per contract. Dow is down 32, looking for some strength into the close. I will sell these if they hit 22/stop loss and 38 upside target,

Rennick out
 
Quote from William Rennick:

I just laid into some auggie qqq 49 calls@ 28 bucks per contract. Dow is down 32, looking for some strength into the close. I will sell these if they hit 22/stop loss and 38 upside target,

Rennick out
More...

Couldn't resist once I saw a move staring in USD/JPY. Had to join you, but I got the AUG 48 @ $56. Decided I had better put my money where my mouth is, on that SPX closing in the green prediction that I made. Decided to go with QQQQ because penny pricing means less slippage. I also bought the 48 puts once the market made a significant move. Gonna hold the straddle overnight now. It has a slightly positive delta, but should profit from a good move overnight.

[edit]the move was so large during the last 10 min that I balanced the deltas so flat deltas overnight now.
 
Quote from William Rennick:

WED. 8/1 1:10 pm EST dow+21

The afternoon "BALL"signal confirms the morning signal (POSITIVE) calling for STRONG Market action this afternoon.

I have already hit my Morning sell orders for base hit wins, both on my overnite puts, and then the morning longs . I may go long at 3:15 pm if we get a dip at that time.

Rennick out:cool:
More...
why do you have to wait until 3:15?
 
Quote from William Rennick:

Wed. 8/1 9:50 am dow -32

The signal is POSITIVE calling for STRONG Market action during the morning session.
Guess I'll be closing out my shorts and going long here.

Rennick out:cool:
More...

Oh William, I got to hand it to you brother, you're damn good.
 
This 154 point rally could be a 285 point loss tomorrow, with markets this volatile ANYTHING is possible by the 4pm closing.

:eek: :eek: :eek: :eek: :eek:
 
Quote from S2007S:

This 154 point rally could be a 285 point loss tomorrow, with markets this volatile ANYTHING is possible by the 4pm closing.

:eek: :eek: :eek: :eek: :eek:
More...

Won't matter to him if he stuck to his plan of taking profits at $38. ya gotta give him credit. 35% gain on a 30 minute trade that was spot on. Good trading.
 
Quote from William Rennick:

WED. 8/1 1:10 pm EST dow+21

The afternoon "BALL"signal confirms the morning signal (POSITIVE) calling for STRONG Market action this afternoon.

I have already hit my Morning sell orders for base hit wins, both on my overnite puts, and then the morning longs . I may go long at 3:15 pm if we get a dip at that time.

Rennick out:cool:
More...

I just put the Godzilla suit back on and am headed for the shallow end of the pool. With fresh cigar just lit and cold Old Milwaukees on ice I bid you all a good evening.
cwp_georgepeppard.jpg


"I just love it when a plan comes together' George Peppard-The A Team

Rennick out:cool:

ps. after the pool I think I'll take the little lady down to the Elks Lodge. They've got a sirlion/crableg special that'll knock your Aun't Connies socks off.:D
 

Attachments

Quote from William Rennick:

I just laid into some auggie qqq 49 calls@ 28 bucks per contract. Dow is down 32, looking for some strength into the close. I will sell these if they hit 22/stop loss and 38 upside target,

Rennick out
More...

I hit .38 with some to spare, they closed at .41, sitting in cash now.
 
You must log in or register to reply here.
Back
Top