Weekly Poll: Will Buyers Knocked Out By Expiration Put Up A Fight?

[noddyboy]

Quote from piezoe:

I'm, for now, sticking to my forecast of a brief dip below 1000 on the S&P before the market gets going in earnest on a Fall rally. But, of course, intraday i don't really give a damn --either way is OK by me so long as it moves. (I try not to look at my IRA balances too often, that can be a scary. )

P.S.
I continue to think that much depends on what the dollar does relative to the other major currencies, and I monitor that closely. The Fed can more less push the market up at will by weakening the dollar. And they might even have that role wrested from them.

Actually, the IRA is the best place to take large short term bets, although most people do the opposite. You want short term gains in a tax free account, and long term in your taxable.

 

[piezoe]

Quote from noddyboy:

Actually, the IRA is the best place to take large short term bets, although most people do the opposite. You want short term gains in a tax free account, and long term in your taxable.

Agreed, as long as those trades are in a Roth. Oh, and assuming you know how to trade profitably!

 

[tradingjournals]

Futures are in the green, 10 minutes before the open. Should we take profits immediately after the open, or wait longer? Will test Friday lows immediately after the open, or wait until later?

 

[tradingjournals]

9:52AM: Nasdaq 100 is up ~1%. Are we done for this morning on the upside?

 

[noddyboy]

Quote from piezoe:

Agreed, as long as those trades are in a Roth. Oh, and assuming you know how to trade profitably!

Yes! Not sure how many years you have till retirement, but it would be very sad if you have a net loss instead of gain over that whole period!!

 

[tradingjournals]

Quote from tradingjournals:

9:52AM: Nasdaq 100 is up ~1%. Are we done for this morning on the upside?

That was the morning top! Now QQQQ at 44.25 at some minutes before 10:30AM. I feel the bulk the gyrations are done for this morning. Unless someone can show some interesting trades, I am am done. In any case, good luck everyone!

 

[noddyboy]

Quote from tradingjournals:

That was the morning top! Now QQQQ at 44.25 at some minutes before 10:30AM. I feel the bulk the gyrations are done for this morning. Unless someone can show some interesting trades, I am am done. In any case, good luck everyone!

I think it is important to stay balanced. There will be both long and short opportunities this week.

 

[shortie]

Quote from noddyboy:

I think it is important to stay balanced. There will be both long and short opportunities this week.

unlike all the other weeks?

 

[tradingjournals]

Quote from shortie:

unlike all the other weeks?

1. Now that you guys seem to start seeing the merit of the short straddle trade, which was my favorite choice earlier in this thread and at end of the previous thread, I am now starting to worry. I am clipping it.

2. I have a suggestion to all the regulars of this thread: could you post a list of stocks you notice, like stocks on the move? I think it can useful to all of us, and also make the thread more popular, and the polls would get more votes. Just a suggestion.

Point 2 assumes agreement from Shortie, or at least a silence on his part.

 

[piezoe]

Quote from noddyboy:

Yes! Not sure how many years you have till retirement, but it would be very sad if you have a net loss instead of gain over that whole period!!

I have negative 5 years until retirement. I've finally found something I'm extremely good at, i.e., retirement. I highly recommend it.