DaddySawbucks

DaddySawbucks Updated 

I bought 120 of these. Not cheap not for faint hearted. I do NOT recommend this strategy for investors. Pure Speculation, be warned! You need cast-iron cajones to hold this position, been buying these all last week as it gets crushed, the $17 were ~4.90, $16s averaged at 5.30. These got a lotta time in them, patient watch & wait for the pop. Target ~$24-26 will...

DaddySawbucks Updated 

It's Bullish. Seasonal correction then mad dash to ATH? Oversold > Overbought> Oversold > Overbought... Not feeling real Bullish, just wary of Big Short here, might have much farther to run. Be careful, stay safe!

DaddySawbucks Updated 

Looks just like it did in May and June before the mini-bears. MFI + RSI both peaking. Stupid new ATH. Can it get higher?! OFC! Closed out my SPY 465 October vertical 465/480 spreads by buying the short legs back for a $1K credit in early trade; I held the long 480 calls and re-entered today at the ATH, now short 20 October 462s and 50 October 467s for a net...

DaddySawbucks Updated 

Been accumulating September calls. Into 100 now, 17s, 18s. Falling Wedge. Trade at ur own risk, GLTA!

DaddySawbucks Updated 

RTY not yet overbought, room to run, the TL intersects at 2311 on 31 Aug. Expect ATH prices next week in major indices, small caps have struggled. Might turn back from resistance after the megacaps top out. Taking a small position in October 225 put spreads vs weekly 220s. GLTA!

DaddySawbucks Updated 

We had two zig-zags, in Sep/Oct and Mar/May. These lasting 2-3 months. Bull waves after lasting 3 months, gaining ~60+ pips. This rally is near exhaustion IMO. Expect correction on/about 7 September after Labor Day. 3 Sep likely a new ATH. Most ATHs DO OCCUR IN SEPTEMBER! That said, Ka-Powell speaks this week, Fed meets, Treasuries look like headed for...

DaddySawbucks Updated 

Look where it rests and think again about selling short at support. Just an observation! Pivoting soon to new ATH IMO; Oversold.

DaddySawbucks Updated 

At lower support, way oversold, red volume dropping here, sellers near exhaustion. Maybe an exhaustion gap down?!

DaddySawbucks Updated 

This flashcrash will pivot soon IMO. Statistic: Most ATH occur in September. Did in 2020. Friday Triple Witching culmination? NQ has been bearish but acts more like consolidation at support, making higher lows. NQ is >25% of SPX market cap. We have seen time and again how the bulls grab every dip and this one likely to be perceived as just another...

DaddySawbucks Updated 

Not overbought but acting rather Bearish. Took ten spreads Fri 13 Aug, in for net debit $4; look for retest of support at 210-215 and the 200 MDA. Might get a higher low; might just tank off. Serial rejections from $224 price on ETF over past weeks. Kept expecting it to break higher but they sell every rally. Bearish until proven otherwise IMO. Trade at ur...

DaddySawbucks Updated 

I shorted on Friday in the November contracts trading $15 OTM for a net credit 4.40. Decent premium for sky high contracts. Target at 50 DMA ~438; expect further bounce from support before the real correction, IMHO; all corrections so far were preceded by double tops. I sold 62 spreads, can add or just hold. I don't recommend this for the faint of heart. Calls...

DaddySawbucks Updated 

Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe). There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!

DaddySawbucks Updated 

Price fooling around at the 0.786. Not shown here but notable is the declining volume in advancers at this price. OFC the nutty market can fool us again but going long here would be a low reward position IMO. Not investing advice; trade at ur own risk; GLTA!

DaddySawbucks Updated 

Chart says it. Breaking out to upside, correction with double bottom in: Small pullback to test upper channel TL; then higher IMO. Just an idea, not advice; GLTA!

DaddySawbucks Updated 

Just an idea. Not saying it's going down like this, but looks a lot like Dec 2018, twin peaks, second rally slightly lower high; see what we get Friday. Clearly need to be cautious going long at these high prices, 4238 may well be the ATH. pure guesswork now IMO. Not advice; trade with care, GLTA!

DaddySawbucks Updated 

Fibo at 4168 expected turn, might pump higher, but it will sell again. Same pattern unfolding as last June swoon. RSI declines. Might break under 4k, or give a double bottom as it did last year around this time. IMO very unlikely to get back over 4200 until move is over. Trade with care, it's full of traps for bears and bulls now, just damned risky in any...

DaddySawbucks Updated 

The Ellipse, or Lens, is either a consolidation pattern or topping formation. Gap we saw Thursday 29 Apr likely an Exhaustion gap. Higher prices seem unlikely given weakness overall but MFI oversold, RSI resting at support level; a brief bounce seems likely. Longer-term, expect correction to support at former price resistance. Not investing advice; trade at...

DaddySawbucks Updated 

It's formed a 'W' cypher, sharkish pattern past week; typically these pullback to the 0.50 Fibo then bounce, or just sell more. RSI is fading but not oversold. Probly got one leg left in the rally to ATH this summer, after sell in May and June Swoon IMO. GLTA! Trade at ur own risk; not investing advice!