's tryna make a dollar out of fifteen cents
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Yeah most of them are short. But even they are shocked by the velocity of this drop
Sure looking ripe for another round of panic selling tomorrow AM..
This is crazy.. Might buy otm puts for protection tomorrow
I know... China definitely needs some government intervention. Blood bath
Stock futures
After the beating EEM has been taking for the past couple months, it's def more attractive than US
Futures not looking too good
Down close to 1% now. We need some bullish news out of china
Jeez market still has more to fall.. I hope it's not like catching a falling knife !
Don't get too greedy...
Hey lowtrade, how do the charts look for $SPY
I'm thinking the same, we are primed for new highs.
I think the drop will be bullish, as the rate hike will be postponed. It's a signal to the fed of how fragile the market is.
Better than here in California, paying $3.50
Ridiculous drop. Volatility weekly increase not seen in 25 years! And 1 day increase not seen since 2007!
Vxx oct 18 puts
Eem oct 35 calls
I think the world has accepted that central planning will always exist in the markets. I've sure did after seeing how accommodative the fed has been with our market with all the rounds of QE
I expect a V bounce to retest the major trend line that was broken this week then another leg down. After this correction, the emerging markets will most likely outperform US markets
Imolia over at the spy board says that it's due to the large caps being more closely tied to the global market. This makes sense because I remember the vicious drop in the futures began after China's economic data was released.
This is actually a good thing IMO, because I'm sure the Chinese govt will intervene and support their market through stimulus or other means.
That makes a lot of sense. You're right, China's economic data is what caused the large cap futures to drop significantly over night.
This is comforting to know because any govt intervention through stimulus from China would rebound their markets which will then help with the bounce in our markets.
I don't like Elliot wave because they can never be wrong, they'll just adjust the wave counts to fit their bias. Though caldaro is one of the better Elliot wave technicians..
I'm starting to see a lot of bearish charts coming out that supports a possibility for a 20%+ correction
It'll pay off. What's strange is that the small caps $IWM actually went positive mid day. It doesn't sound like a crash is in the works if there's a bid for high beta small caps
Good strategy. Volatility always reverts to mean
Damn today was just brutal for the Vxx puts. Volatility exploded. I had to sell my gdx puts to avg down
I expected the high beta small caps to take a larger beating than the large caps. Call me foolish, but I still think the market will set new highs, especially after today. The fed will not raise rates in this kind of market conditions.
My calls are in October, so I have quite awhile. But today's drop really hurt my portfolio
I know he was really ballzy to hold that position overnight. It really seemed like the market would bounce today and rip the bears
Painful two days. Real bad
So strange how IWM managed to hold up.
Congrats man, well deserved
Here comes 198..
Wow congrats bears, wasn't expecting this based on the board's sentiment
Where are you PPT?! Save the day
Everything is selling off in no regards to support zones.
Everything is selling off in no regards to support zones.
Sold the miners for a profit. Loaded more on Vxx puts
Hey spd, sold my calls in precious metals today and actually bought some puts in gold miners and gold. I am long the market tho
It's always more difficult catching the short side !!
The price action today was enough to cause havoc in trader sentiment