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Ugh, I'm sure it has to do with Cohn "not likely to be Fed Chair" - Cohn is a major market mover; if he left the current Administration, the market might correct 10-20% very quickly. Of course, this is publicized after I dumped all puts!
Oh well, I suppose I'll be buying them back at double the price tomorrow...SMFH!
JMHO
1 limit board to SPY - NO, SPY's day-to-day fluctuations are influenced by a number of factors, including other stocks, funds, markets etc.
2 TRUMP talk - YES, to the the extent that it influences/impacts markets, stocks, funds and SPY. Political leanings or affiliations shouldn't be expressed and/or discussed.
3 ANY STOCK IN SP 500 - YES - as with 1
4 CONGRESS , BILLS, LAWS - YES - as with 2
5 OTHER CHARTS ASIA ,EU ,ETC - YES - as with 1
6 General comments about any thing, lol, relevance? I'll have to say, No on this, not sure how much the mutant hair growing out of my nipple that I discovered today, would impact the SPY. However, Mods/Admins, should be able to determine relevance here...
Everyone else seems content...
Profit is profit, Ang - I got shook from my puts EOD, and should have sold before 11am, but got greedy - my own stupidity.
However, once again, a decent week, but could have been FAR BETTER!
All cash for now...
My 2c; this is a great board and we're all just trying to WIN "against the man/beast", and trying to help each other. Good insight and trading ideas are shared, and all that impacts markets whether it's socio-political, economic, fundamentals and technicals are discussed, all of which RELEVANT.
Here's that rotation again; out of Tech and into Retail...
Bought some heavy Friday QQQ and SPY puts on the bounce-up...Yen is up in a big way and so are other risk aversion assets...
Yep, very controlled - good long weekend all!
Good profits this week but kicking myself for not making it a $50k week by selling too early!
Oh well, profit is profit...
Lol, exactly, "dips"...what are those?!
Playing a QQQ lotto 9/1 143.50P for .01, only $100 gamble, now let's have a 12:30pm Tech dump like we've seen in the past!
Yep, looks like the QQQ BOD dip was it - I've held off on puts today, so watch it drop like a rock...
QQQ UP 3.5% since Tuesday without any dip...
UP UP and AWAY!
Not to mention SPY UP over 2% since Tuesday without a dip...
Hope so, and BAC too! It'll be nice riding with the big boys...for once!
Might trigger some nice short squeezes in Retail. I bought heavy October JCP, M and JWN today.
Might be seeing some sector rotations here; out of Tech and Healthcare and into Banks and Retail (believe it or not)...
Will be looking to add some BIG monthly put positions today....
Never realized but QQQ at the 52-week high...just like that! Wow!
Market appears to be ignoring the Yen which has slowly been strengthening since Munch-munch's speech...one would think a BIG drop EOD or early tomorrow.
Wishing I had held those calls...FCOL!
Was thinking the same thing - already have some QQQ puts...
Sold all SPY calls...wow, I might have even pulled the trigger too soon, but couldn't resist the healthy profit!
I'm watching it very carefully, looking for puts again at .178-180 level. Just can't get past a 200+ P/E ratio
Big phew, Ang!
Sold all QQQ calls from Monday...yeesh, what a ride (down nearly 70% at one stage), but very profitable in the end. Still holding SPY calls.
Bought heavy QQQ calls after seeing the AAPL launch news, some SPY calls too.
That probably will happen now after I dumped ALL my calls - the market really fooled me yesterday and today...
I'm taking the day off.
Sure does look that way...I sold some, not all
Looks like as I posted, the Yen strengthened and so did the VIX...a little...could spell more downside...
AAPL calls looking real nice
If NFLX and FB join the party, could see a very nice rally!
VIX very low and dropping, likely UP, but the Yen did spike a little.
Personally, I'm hoping for an attack of SPY 246 and QQQ 144.
Agree, risk, I'm seeing the same technically and fundamentally, however, this EXTREMELY low volume is not a good indicator of anything.
Fundamentally, earnings continue to impress, and now even the retailers are beating (yes, low estimates) but most importantly some same stores sales percentages are rising. This is a healthy sign for the economy and personal spending.
This strong growth and earnings seems to be happening globally which is another big plus.
Technically, it appears that SPY 242 that was hit last week, was the bottom for the time being. However, with the S&P sitting below the SMA50, there's always the possibility of a move lower. Any hawkish responses from Jackson Hole could easily be the trigger. I agree, SPY 240 will get BTFD very fast IMO.
Surprising to actually see the VIX down today in light of the trading action, those were some BIG DUMPS today, and somehow the market crept back UP.
Personally, I'm still kicking myself EXTRA HARD for not just selling ALL my calls into the STRENGTH on Tuesday and sitting with cash for now - I let some large profits slip away!
However, I cannot complain, it's been a decent week especially with my earnings plays like: KIRK, AEO, SIG and ANF.
But Yen is making way for a PUSH UP, no?
AMZN is trying to give this market direction, and so is the Yen, however, it's like a BIG weight is just sitting on it and pressuring it down. I cannot believe I'm in calls since this is the kind of WEAKNESS that I've been waiting for, and might very well be the start of a 5-10% correction.
JMHO
I was close to being one of them but watching AMZN saved me...
Watch AMZN, APPL and NFLX, they seem to be pushing upwards...they might be able to provide some direction UP...
Looks like a big GREEN push to me, but possibly all too late to salvage premium...
AMHD, BIG things coming for those patient enough to wait, and I SERIOUSLY doubt there's any consideration of a R/S...FCOL!
Priceless...
JMHO
AMHD R/M - what business will be channeled into AMHD...Oil & Gas or MJ...hmmmm!
Might be worth 5 times that in a couple of weeks!
JMHO
Lol NITE and CDEL...SMFH!