SPY
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Man you called that LoD spot on. It could have looked unlikely, but apparently what you're doing seems pretty on target to me haha. Keep it up
Edit: As I sent this the market broke below haha. What's the ultimate Techni?
Futures on quite the slide down since 3am
So you think we're about as ATH as we're gonna get for a wee bit huh
holy dumps
Yea that's like 1.3 mill, he likes to take out a few zeroes for modesty
We must be on the same wavelength, my eyes popped out of my head a little when I saw that
Oh baby, the high is 298.98?!?!? I'm optimistic and definitely bullish, but that's pretty steep haha. I don't doubt anything with the SPY anymore tho
Well that figures
You need to check your math, only way SVXY is getting to $70 within a month is from a reverse split. While I agree that it will trend up, that is a little too much to ask from it.
VXX taking a nosedive now
I wouldn't hold my breath, IF it somehow were to happen, the process and red tape will drag it out until the end of his presidency anyway.
Oh wow, how have I not known this existed. They have it all neat and organized for me haha. Thank you good sir. You haven't posted on the QQQ board in a while, always was a good read.
He's right waaaay more often than he is wrong, and has the dough to prove it. I would tread lightly on being so testy. Maybe that flies on the UVXY board, but I would like to imagine we are a bit more civil here. If someone is wrong, you don't kick them while they are down. Change your attitude, and quickly
Thank you kindly, appreciate having your targets available. One day I will need to learn how to generate them myself
What are your targets for today, thinking we see one of the ultimates? It's been a bit since we have
Yeah SPY is definitely good with her bait-and-switch, unless the trend really changes, I might just sit on hands
I have considered it, looks like she wants to break out tho so I might pass or get a small lotto put to hold overnight
Well at least they try to make her attractive, regular pigs just don't cut it nowadays with the internet
You think we'll still head to that 279, with potential to go even as low as 275? Morning dip, afternoon rip? Futures are saying we are already going up, so I was curious on your thoughts on it.
Yeah I subscribe to the "many fish, until it's a whale " mentality as well. As far as the swing trading, the problem with it is that it did stop working. Primarily because of good old cheetohman, my positions would get wrecked all too often and that kinda forced me into day trading, which I have grown accustomed to and really like a whole lot better anyhow. I just need a little more schooling and experience.
I still swing trade here and there, but the swing trading is the side pot now, mainly because it just doesn't work for me the same way it used to. If it did then it would be a different story. Maybe in time, but then again I would prefer for day trading to pan out instead. I feel much more accomplished with it and the security of not holding anything overnight or over weekends really helps me sleep at night.
Appreciate it, gonna try the 5min and 60min and see what works for me I suppose. I'm still transitioning from being primarily a swing trader for the past couple years to day trading. What I liked about what I have been doing was the consistency. For example: I would use the momentum on the 10SMA and would typically just make 1 play a day. Buy a call or put with 4-5 days expiry for a little safety, and I would get out if my profit was somewhere between 10%-25% and call it a day.
I know some of you guys get monster returns on same day expiries, which I do admit I play here and there if there is a catalyst, but for my daily trades that aren't moving due to news I like to give myself a little wiggle room and just take a modest profit and just call it a day. If you think there's a better method for me which kinda operates a similar way I would totally be willing to try it out. I'm always willing to learn, especially from people that know way more than me.
Thanks I'll give that a go. Got the 5min and 10min that I will mainly use, and I'll just have the daily on the side in a corner. What do you use?
I use the 5min when using the 10 and 20 SMA, then I also have the daily on the side with 200 DMAs and things of that nature on a larger time scale
Yeah I ended up cutting and taking the hit, I couldn't risk more on hopium. Probably gonna take the rest of the day off, maybe a lotto or something, and then I'll hop back in tomorrow. Aaaand it's most likely gonna reverse entirely and I could have ended today on green, but that's the way it goes, isn't it.
Yeah... It looked decent early on in the day, and then it just turned pretty hard and kept going. No use of stop loss, just selling at possible retests if of 10 and/or 20 SMAs, but that didn't even really happen today. It can be rough at times, but most days it works out pretty well.
Wouldn't that be something. My calls would really appreciate it right about now haha
Is your TA and supercomputer still projecting for 285 today?
Futures opened up decently red, but slowly creeping up. We'll see in the morning how everything is calculated out
To be fair, in 2010 Spy cost 1/3 of what it does now. Big boys just can't afford as much I suppose
Sounds like paranoia to me
I have played UVXY here and there, mainly getting puts on it after it spikes. But for those of you that know, or have done it yourselves, how does using a strategy with covered calls work out on UVXY and VXX? Is it just a mess and not worth it? Or is there money to be made?
A lot of spouting about tariffs, trade wars, and we've had 2 rate hikes. Other than that, the situation is the same, if not worse
AAPL, SQ, and TSLA brought some life to the market so far. AAPL hits 1 trillion market cap, SQ guidance raised and is up 5% after being down almost 5% at open, and TSLA is ripping off earnings up 10% right now. Where the boys will take us from here is anyone's guess
They're putting up blockades in the way too. White House plans to announce tariff increases at 3:30 pm
https://www.wsj.com/articles/u-s-expected-to-unveil-25-tariffs-on-proposed-200-billion-in-chinese-imports-1533147299
Lookin that way, futures are all over the place right now
Futures down rather bigly so far, we'll see how we open in the morning, and where the boys will take us this week
Oh for sure, it's still a wee bit out of the money, so not at a good trailing stop spot yet, but if and when it does you know I'm gonna lock it in. Keep up the good work my man
Looking that way, I bought an AMZN put earlier today, maybe it was a little too early, but still it's getting closer and closer ITM. So I hope you're right on that. As far as the SPX, I wouldn't mind some relief up to like 2pm to give me a nice entry for it to keep crashing and burning into EoD :)
Where's your crystal ball taking us into the close? Not to mention for Monday. You thinking we do another 1-4% drop like February? XD I'll be ready this time if that's the case
Yea there might be a daytrade scalp tomorrow when the price eases up as it is expiry day, but otherwise the premium is waaaaay too high for my blood