SPY
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I was expecting a bigger drop into the close, after a hike that has been the trend. But I guess it did a good fair share of dropping already at 2:40pm as it was
Might be about time to bust out the ultimates for the day. Where are we going Techni? Pre-FOMC fear seems to have seeped in
Eternal puts, i like that haha. But i have been pondering the same thing. Literally just buy long dated puts on any pop, maybe average down if it goes against me temporarily,. Because eventually they will be lucrative no matter what, if things keep going this way
That first turn did her in, tripped up all over herself. But it's still showing some life.
Good take on current market and current events. I am inclined to agree, but I may be on too much hopium tho.
3:10 to Yuma, choo choo
Careful buying 12/5 options at the close NN, markets are closed on Wednesday and those options will expire Tuesday I believe.
G20 is gonna be interesting this week for sure. A lot riding on it. Either way though, the market might take some comfort in just knowing a decision and get rid of some uncertainty, even if isn't the ideal choice.
Hard to hold either direction right now, lots can change overnight
That'd be quite the turnaround, it's already below 267 and trading at 266.38 in premarket. It's been done before, can the big boys bring us some turkey magic?
It would be tempting, but everything is pointing lower for me right now. If the great cheetoh tweets something though, it can turn things around quite quickly as we saw last week.
Thank you thank you, always providing a good framework and boundary. Let's see how the boys want to lead into turkey day
Do you have any ultimate numbers for today good sir?
It can do anything nowadays. Might hit both numbers, and in that order too. It's anyone's guess.
Well it's at 169 now, so time to go long? XD
Well 10/31 gap filled, don't know if that's worth anything.
Doesn't look like that's gonna happen. Puking all over the place
Does it have any supports left aside from the Pivot Point 2nd Support Point at 268.80 ? Or is it just like a straight waterslide down to the core of the earth from here?
Low of day is 275.12 exactly to the tick, it loves those gaps
I knew that vacation wouldn't last long :P
Just when I think you were out, they pull you back in.
I do the same thing, I will all of a sudden see a decent set up from my phone or something, and then all of a sudden I'm back at my computer command center and back at the grind. Keep the DD coming my man, always shows me how much more I have to grow.
Yea it was on a Thursday in July also because 4th of July was on a Wednesday that week
Thursday this week, I'm assuming it got pushed from the regular Wednesday due to voting yesterday and counting that as a holiday
Like 16.5 mill, no big deal XD
Finding some support from the 10sma on the daily
This most recent drop at 12:30pm happened the second Kudlow started speaking on CNBC haha
This is most likely what surged the market up overnight.
Cheetohman asked the cabinet to draft a possible trade deal with China.
https://www.bloomberg.com/news/articles/2018-11-02/trump-said-to-ask-cabinet-to-draft-possible-trade-deal-with-xi-jnzjeqx4?srnd=premium
Ahh good to hear, hope more will follow. I know a lot of people like to test their luck with earnings, but it encourages faking numbers on the reports and sacrificing product quality to just pump EPS as high as they can.
Yeah these analysts are really starting to annoy me. They make up these fugazey fudged numbers that they pull out of thin air, and everything drops like a rock even though stellar companies like AAPL and AMZN have come pretty darn close to their numbers regardless. I'm on board with what Warren Buffet was proposing of only having companies report twice a year, instead of the current 4 quarter BS they got pulling.
That's like 24k, he likes to be modest, maybe 240k. He's a former big boy Hedge Fund elite, MM essentially
So to break it down, did you do for example for this week: swing trade a bunch of calls 2-3 expiries out and then you do intra-day puts(or write calls at the least)? What sort of % gains are acceptable for the swings and the intradays where you are happy to take them, and if they don't meet it you let it keep running?
Tagged 273.2
holy moly
You obviously haven't watched the Haunting of Hill House yet. Nflx makes much more quality content than its out there, and they do it rather regularly. A lot of their shows are top notch.
Futures being the way they are currently at 5am... does this count as the back test? Or were you picturing some time in between and some consolidation, rather than jumping right back the very next day?
Don't really know why I'm up at 5am too check futures, too many scary shows on tv probably.
Last time I checked Blockbuster isn't doing that well :)
We already had that. Tuesday we were down -2.5% and the intraday reversal to close the day around -0.5% made it look like the pain was over. But then yesterday happened... going down -3.09% so I'm not sure if that's the way the cookie is gonna crumble this time. Today is a really good reversal from yesterday, buuuutttt, this could be another dead cat bounce, just like last Tuesday 10/16 was
What sort of series of events would change your mind about the way things are going. I believe that you are correct with your predictions. But on the off chance the boys are onto you and want to throw us all for a loop, what sort of scenarios would make you stay bearish for the time being? Dropping to the 250s?
Yeah if it is another timber day, it's because the market just keeps going #2 everywhere
Yep, already Futures down -0.60%
Looks like you are right on with more pain to come, futures already opening -.40% I guess we'll just have to see if it will stop after Tuesday as all your charts seem to show.