Except line 285. But it appears rational has been lost after today.

Covered. Ugh.

I'm still holding my shorts. I'll take the bet.

Covered immediately this morning. Reopened towards the end of the day. Sitting a little red now. We will see what happens tomorrow.

True, but the market hasn't priced those numbers in yet.

Just opened my short positions.

Tomorrow the Job numbers come out. Let's take the bet.

I think the up spike is a combination of folks becoming desensitized to the virus, the fed, and frankly bad investments being made. Everyone's now saying oh its gonna be a V. Its gonna be a U. Its gonna be an L. We hit bottom get in now.

The nes is now trying to paint things in a positive light while the fed pumps billions into the market.

News flash. Earnings haven't even dropped yet. Seems like a pretty big run up for no earnings. No virus peak. No returning to work until June.

I'll wait to see what the earnings say. I did cover this morning. I'll be taking up a major short position next week on monday or tuesday ahead of BOAs earning release. May even do it tomorrow or friday.

Financials.

IMO the markets will no longer be swayed by the virus unless they come out and say we will extend conditions into August.

Financials will be the next major down event.

I believe BOA releases theirs next week.

Nowwhat... why even waste your time?

Full cover this morning. For 0.4% gains..its not great, but I think I'm gonna hold out and see how the day plays out. Wasn't liking the way the futures were playing out. Chart suggested side ways trade with possibility of upside for today.

Volatility is trending down. Shorting here could be dangerous at the moment. Seems to be a lot of positive news regarding the virus coming out although I suspect that the southern states are going to be in deep shit soon enough.

I'm not holding positions longer then 24 hours as a rule of thumb. I broke that rule yesterday and held my shorts for 48 hours.

May enter $10K short at the end of the day or I may continue to wait. Patience is my game.

I generally do not short the markets by the way, but until I feel good about loading long term I am practicing my day trading while I wait for the big moves.

Best of luck all so far I've saved face for the week. Although I did miss the bounce monday. I'm looking for long entries with big money. Only playing the day game with small 5 to 10K bets.

Covered. Looks like a green day on the charts..best of luck all.

That my friend is truth. Not every trade is 100%. I didn't hit my rules today so I held. We will see what happens tomorrow. I'm not trying to short long term. I think the opportunity will arrive this week to shave of some cash. I'm not making near the amount of trades you are. Haha.

Yah. Well actually it's more than doubled down. Lol second larger buy was just under 274.00 I'm going for the extra compounding tomorrow.

We will have to wait and see!

Meh. I'm not to worried. Lol.

Just followed. Good call. Rather have you agree with me then against. Haha.

I have my doubts. My gut and experience says shes going down, but this market as of last week hasn't been playing by the rules.

It's all because of this

Opened shorts at the peak today and doubled down. Tomorrow should be interesting.

Pretty obvious. Opened major shorts today. At this rate I do feel like I'm really gambling. ??

Increased my short position. Let's take the gamble.

Only down -1.5%. Opened the initial position lastnight. Just wandering if doubling down at some point today would be profitable by the weeks end. I just don't see this lasting.

But then again we are facing off with the fed who is pumping limitless supplies of money into the markets right now.

To double down my short position or not. Hmmm.

Loaded SH shares after hours. Let's see what tomorrow brings.

Dead cat bounce is ending. Pull back firing back up again. Good luck all. Price of oil in canada hit $5.00 a barrel.

Game over.

The unlimited QE won't do anything for an economy that is at the mercy of a virus. So fundamentally speaking yes I will bet against the markets. I think we've got a major liquidity issue unfolding. As for what's coming in 4 weeks. I think there is a strong fundamental case to be made that this little bounce we've just seen is just that, a bounce. I don't think that its bottom.

I'm trading both ways. I've got very tight limits set. Especially on CGC because it could go the either way. The goal is to execute trades in a day and not hold.

I've been flipping RCL both ways. Friday I shorted it.

I'm not going for huge gains yet. Anything over 5% is good enough for me. Just taking the trimmings while I wait.

I think 4 weeks of major volatility ahead. 2 months will set the tone for long positions.

Looks like I was not alone either. As the current short by volume +20%. Up from 17% yesterday.

Considering triple leveraging the s&p next week.

I shorted CGC, OXY, and RCL. Only holding CGC at the moment. My limit of 16 never hit and I think shes gonna go a little lower.

Liquidated OXY RCL already.

Cleaning house in RCL and OXY. Only 3.5% gains on CGC. Probably because its canadian. So long as we do not break though 16s my position should be safe. Haha. Limit is set just in case.

This volatility. Loving it.

I think sometime tomorrow I'm going to place my bet against the board and open up short positions.

Best of luck all.

Sealed the deal on the boat today. Money already transfering over and added to the pile.

Just need the dust to settle and then loading will begin.

Good humor by the way. Lol

Yah. I floated that idea of the V recovery awhile ago. The original idea was that the markets would bounce back in the shape of a V if strict action was taken. Pretty sure you were talking about it as well.

In my opinion it shouldn't happen now.

I think we're more likely for this little bounce to hit your line and shoot back down.

Even today we're climbing when the jobless numbers are breaking records and the house hasn't passed the bill.

I tend to follow my gut. My gut says flip this and get out. Runs about to be over.

Dang it responded to the wrong post. See post #118699

Big thing you need to remember Happy is that the shortest bear market is 3 months pull back. The longest is 61 months. The average is 14 months. Now this pull back is pretty.

It's also pretty dang risky. Because history is not on our side nor is there any evidence that the virus will be going away anytime soon. In fact it now appears that it's coming back in the fall.

In addition to this we are at least 12 months to 18 months out from vaccination. We can already see the havoc being wreaked on NY.

History and current events says wait. You can trade this by all means. But set your limits and take profits. If you buy and hold this for long term you are likely buying in somewhere in the middle.

If the markets deleverage you will see 60% from the top easy. Maybe more.

Critical component to prevent this from happening is people must spend money. Dunno about you, but everyone I know isn't out doing that right now.

16 months from now the dollar will be less valued than it is today. However this does not mean that 16 months from now ones investment wouldn't have gains or gained if they bought now.

Your asking about highly variable things. It depends on if the markets deleverage, if you buy companies that go bankrupt, ect. If this is bottom then you've done well to buy. If it's not bottom how high have you bought in.

Bear markets generally take 2-3 years to switch a trend. It can take many more years to return to a bull market.

There is no instant prize for longs as of today. If you buy to hold you will likely be holding a long time.



I intend to maximise my gains. Instead of buying somewhere in the middle.

I'm not sure I understand what you are asking.

Thanks. I'll be sitting the sideline as well for now. The current action is but a drop in the bucket when compared with the bigger picture.

In the end we will see how this plays out.

Either way my money's safe for now although I do find it difficult sometimes to remain patient. I enjoy making money. Haha

1)In order to prevent deleveraging in the markets the government must borrow money to increase spending among the public.

2) government is arguing that out now and attempting to do this @ 0% interest rates. Feds out of power.

3)4-6 trillion is a good starting place alright. Check check check alls good.

4) now throw in the virus. It's all by the play book until we account for the virus. Then the plan falls apart. In order for the plan to work the economy must be stimulated. People must spend. Instead people are afraid. People will save. People wont be returning to work in april. There will be quarantine. Numbers will explode. Earliest we see improvement minus a miracle will be late may early june. But by then the damage will have been done. We will most certainly be in a recession and depending on how we control the virus outbreak (currently a poor attempt at best) we may even see a DEPRESSION. This is what you need to be paying attention to.

No amount of money will make the virus go away. It's the perfect storm.

Bouncing off weak support like a rocket ship. Yah. No thanks.