Update 2-2 – Sold Index Trades – 1 -30-22 – Long the Indexes – Everything is Bearish? Short Covering Potential – Update 2-1 – There is No Such Thing as a Bargain in the Market
Will do an update later, the indexes are so bearish – are they bullish? Long calls and etf. Daytrading basis – there are a whole bunch of “oversold” (crappy) stocks to have strong rallies. The 60 min charts trend are still down, but the 1 and 5 have bko potential. It is still a bear marketoverall – Now to go thru the 123 setup discussed in charts below click on charts to view –
I have 100s of posts describing my proprietary 123 bottom setup
I updated with screener shot from 1-31 – the screener is loaded today, much more PARTICIPATION (many posts explaining that term) – people think things are a BARGAIN now after all the selling – they are WRONG, there is no such thing as a BARGAIN in the market – please get that crap out of your thinking, it will destroy your account.
2 -2 – Update sold call options and scha etf see chart #1:
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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