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My normal interday range chart on left, "call" range chart middle, "put" range chart right. This set-up allows me to easily see my options as well my daily interday 'longer" time frame chart.
Same set-up, I get a buy signal I buy either the straight calls or puts depending upon which direction the stock is going.
Only Tuesday and there were some nice trades today....
ES had an inside day; therefore above 1,421 and 1,424 will be tested; probably will be anyway..
TF wants 829.20, IMHO. If it breaks it, up it will go.
NQ breaks 2,622.50 and she could drop all the way to 2,492.
EUR/USD breaks 1.2875 and she will be a run to potentially 1.2660, which of course would/should not be a bullish thing for the market overall.
Anyhow like millions of others, I too will just stick to interday trades until we get some action from our fearless leaders in DC.
Interesting day, horse shit news across the board, yet the market soars! My ATM machine, (TF), was once again giving free money to all who wanted it. Oil had some nice plays and of course the AAPL weeklies were strong again today.
Current Market Outlook:
ES breaks today high at 1434.25 and it go easily go all the way to 1468. NQ breaks today's high of 2698.50, 2720.75 is a given, IMHO. CL breaks 85.20 and 84.04 will be hit, again IMHO. TF breaks 837 and 862.20 will be in it's sights' EUR/USD has 1.3054 in it's sights and then 1.3125; (which is obviously very bullish for the market).
Wow, Fed doubles down on the printing. They must have gotten another new press; the trees of the rain forest should be shaking in their roots now...LOL! At least Steve Liesman had a "thrill run up his leg" in regards to the FOMC minutes, what a loser!
Not sure where to even start and thus will just post the charts and see where the chips fall tomorrow.
Everyone is worried about the so-called "Fiscal Cliff", it pales in comparison to what the FED is doing to us every single day...(just keep telling yourself that we are a rich nation, LOL!!)
Ok I am off my soapbox, no ones cares in the US anymore, or is just too stupid...so print baby print....
PS: That said it was a good day, missed the action in the afternoon, but morning was still a lot of fun in oil and AAPL weeklies...
PSS: NQ never took 2698.75, that is not a bullish sign (so far that is).....