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UVXY $49.20...sold some/got my days pay....still have plenty of mrkt short though....
NOT trading advice.....
OIL$22.70 area on June contract....I added a lil more OIL on two diff plays....I'm red and avging down as per my plan for a pop and flip up higher....
NOT NOT NOT trading advice....
Went to Sams Club yesterday and the line was about 600 feet long, YES 600 FEET LONG, I was like OMG.....there was 6 to 10 feet between each person, but still.....people were snaked around the property in a line and must have masks to enter.....SMH at this whole thing.....and stock mrkt is near 2900 and alltime high was high 3300's....whatever.....for time being, it'll go as high as FED wants it to go I guess.....still think they lose control of this during 2020 and we go way lower, but only my opinion.....good luck getting people off unemployment this time to just get back below say 10% or 8% will be a major project.....
NOT trading advice.....
Nice pop....expecting higher and lower on stock mrkt.....first key area to watch for is recent 2750 area support...does it hold when/if tested??? If it breaks 2665/2600 area next??? Area of resistance above 2880's to 2960's, somewhere in there....big area I know, multiple resistances in there.....
Good luck this week everyone....
Not trading advice.....
Dr.Phil Claims Shutdowns Deadlier Than Coronavirus
https://www.msn.com/en-us/tv/news/dr-phil-claims-shutdowns-deadlier-than-coronavirus-in-wild-fox-news-appearance/ar-BB12Ll4c?li=BBnb7Kz
"Make checklist for every trade u will ever take..comprised of 5 factors.
If 5 out of 5 conditions are met, take the trade, risking 1R of course.
if 4 out of 5, take it.
if 3 out of 5, take the trade ONLY if u've had a GREAT week. Risk 1/2R.
if 2 out of 5 or below, AVOID."
Make a checklist for every trade u will ever take, comprised of 5 factors.
— AllDayFaders (@team3dstocks) April 16, 2020
If 5 out of 5 conditions are met, take the trade, risking 1R of course.
if 4 out of 5, take it.
if 3 out of 5, take the trade ONLY if u've had a GREAT week. Risk 1/2R.
if 2 out of 5 or below, AVOID.
Can't begin to imagine how much more debt all companies will have taken on through this......
OIL $7+ difference in contracts.....
House of Cards/House of Mirrors....this country is soooooo heading for civil unrest down the road it isn't funny.....no clue when.....been saying it for past 15 yrs.....its coming......good ole days are long long gone....I always think about what the brave people in graves who fought for our freedom in our history and what they would think about whats going on in todays society, before and after Corona....must be shaking their heads....
OIL 18.40's....adding little more.....I do not like how OIL and S&P are not aligned of late.....
NOT trading advice.....
ES2750 is an obvious support now...was tested a few times and held....so if we start down....that is a place to watch next week.....jmo.....
NOT trading advice....
lol no clue after last nights games/nonsense...anything possible by the crooks.....Being stubborn, but still looking for that 2750 to be tested again and think 2600's in the next week or ten days....and then I think we'll see if 2665/2600 area holds support or not.....maybe I'm very wrong, this is why I should do my own thing and never read others posts or tweets....makes me doubt myself and what I see or think.....
NOT trading advice....
Am I that WRONG thinking 2300/1800 coming??? I sure don't think so and I think even lower in 2nd half 2020......SMH after reading that S&P getting to 5000 tweet by someone I respect bigtime......sooooo tired of computers, algos, FED constant manipulating of mrkts, just miss the old days pre 2008.....does no good to whine, it is what it is....my job is to pay my bills and make money in any atmosphere and stay cash and nimble and find a nice setup and hit it and run.....make a days pay......
The damage done to society, economy is tremendous for long time to come in many ways....S&P5000????? Wow....Feel like I'm on a different planet......Sporting Events? Concerts? Flights? Cruises? Buses? Restaurants? They have people so scared, will be long long time to get anywhere near normal again, if ever.....think of how many business's are gone forever and how many totally restructuring how they do things going forward, no way to get similar GDP ever again....I just don't see S&P 5000, yes 5000?????
Anyway.....NOT trading advice.....
Wow..well..that is one persons opinion and someone I respect.....I completely disagree....time will tell...I think massive damage done to society now and in the future and the economy by this long shut down and will go on and on and on for many parts of USA.....
S&P 5000??? Click on this.....
Your going against not just the Fed but the whole casino who makes the chips.
— 𝕋𝕙𝕖ℙ𝕚𝕧𝕠𝕥𝕂𝕚𝕟𝕘 👑 (@ThePivotKing) April 17, 2020
Go with the flow. Don't be a hero. You will hang yourself. Be Careful. Market pricing in already economy opening can see down the road 5000. Not good though your groceries will double..
I came across this post tonight by a respected poster, check this S&P chart out and forecast going forward and it lines up with what I've been saying, an even uglier 2nd half of 2020 is on the way and I HOPE NOT!!! But seems inevitable.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155062340
I agreeeee and I added some more....closing my eyes for next week.....lololol......
Huge run up after hrs, multiple news related items....I never like runs cause of news and gaps up.....anyway......it is what it is......I'm looking lower after tomorrow.....
Not trading advice.....
Gilead stock surges 15% after report says coronavirus drug trial shows encouraging early results
https://www.cnbc.com/2020/04/16/gilead-stock-surges-after-report-says-coronavirus-drug-trial-shows-encouraging-early-results.html
I had a good day going $1200+...BUT after hrs caught me off guard and dark red on my mrkt shorts....talking to myself....STILL think we see drop to 2600's next week or ten days and even think much lower over the next month....But time will tell.....
Not trading advice.....
I lived in Corpus from 79 to 86 and loved it, was down through the valley many times to the border.....awesome feedback today, thank you soooooo much. Gonna get small chia seeds and try them. If its ok, will buy a bunch and give it a whirl.....Please don't hesitate to talk diet, exercise or LS, anything, love it, refreshing. I have a donkey that is about 1000 feet down the road from me and while sitting here at my computer I can hear him doing his thing, makes me smile inside everytime I hear him, lol, lol....He is 30 something yrs old, so I assume he is getting near the end, don't know how long donkeys live. I think horses are like 35 yrs or so, not sure.....anyway, great replies, gonna reread your chia seed one again....
UCO grabbed 1K shares at $1.485...small starter...also have small amount f USO......
Gotta be careful, some of these ETF's/ETN's have gone under and more will, like UWT/DWT went bye bye.....soooo RISKY......
NOT trading advice......
The older I get, the whimpier I get Jugs....pitiful....glad I saw the 60's 70's and 80's at least......
My question is this: OIL is $19.70 now...IF we see S&P a month from now 2200/1800 area, WTH will OIL be??? How much lower can it go??? Big boys must be accumulating down here and lower $18, $17, areas and licking their chops/drooling??? I'm guessing....
NOT trading advice....
LOLOL JUGS...think I need you as my personal trainer!!! You gave me the guilts, so I went out and walked a mile even though its chilly willy outside. Had two flannels shirts on, wasn't enough....
You've done a great job, other than exercise and determination, what are some other things you did to lose all that weight diet wise?????
Where do ya live in Texas? I miss Texas bad.....
Great post Jugs, very good!!!!! Lotts good stuff there and the hints, lololol....I'm guilty as charged or as a friend used to say many years ago to me, "raise your hand son, you fouled", lmao lmao......
Started drinking some water again this week with a lil eye dropper of zinc mixed in each 25 oz cup full...got 17 cases of Slimfast, 5 cases of gallons of water, spent over $1K on vitamins and supplements past month...have a new quality pair of sneakers....3 freezers stuffed full and 2 fridges loaded up.....all set....
Now just gotta go do it.....to it......
LOLOLOLOL, ohman, like not being able to see my shoes??? LOLOLOL.....I can see my shoes again, thankfully....BUTTTT need to get back on the diet Jugs, have gained some weight back, grrrrrrr......lost like 66 lbs and gained back 17......need to get serious again.....my Golds Gym was forced to close, so not doing the 12 miles walking and 12 miles biking each week anymore....weather should be nice in 4 or 5 days to start walking outside again.....
Oh well, good luck today and great to see ya again.....
OK, it's working, I can see my posts again.....good luck today everyone!!! $$$$$
Testing
I'm not able to see the posts I make, they don't show up for me, no clue what is wrong....but being told they are showing up to everyone else.....
testing
Testing
Great Quote: "There are no holy grails in trading. The key to successful trading is focusing on simple support & resistance levels & having "Pay-tience" with your trades."
https://twitter.com/joefriday_714/with_replies
TVIX$228's...grabbed starter....will try and get more TVIX lower and ES higher.....still think ES can see 2825/2888 area tomorrow or early Friday....?????
NOT trading advice....dangerous symbol to play.....
S&P back to 2800 and TVIX hasn't pulled back much off highs of the day.....
S&P2800..ES2790..OIL$20.07..NG$1.59..GC$1747..SI$15.62..BTC$6780..DX$99.40..
So long as 2750 low of day holds, I'm looking higher, back over 2800....break that and opens more downside to next supports obviously....2720/2710ish.....BUT next week looking for RED RED to start.....
NOT trading advice.....
Sorry, replied to earlier post to quick, without reading all of them first, nice job $$$$$.....
$3.60 and $3.55??? I assume....good luck....think OIL gonna pop tomorrow and Friday, along with ES back over 2800???? Time will tell.....
Great tweet:
TheBesTTraders.com
@ThePivotKing
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10m
Keep puking OIL time to margin call those longs at the close I will be there along scooping up some longs. Thanks Goldman Thumbs up