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64 million shares dumped at .0005-.0006 at the end of the day.
Something tells me that's not a retail investor losing money.
IMO.
DKTS is looking real good. Label approval and no news to ihub yet? Would be nice to see some follow ups and some groups jumping in on this great news.
lots of potential with this one.
It moves everyday, but the ideal short for me right now if it were to hit today would be 2122-2133. Anything in there is good for 60+ pts back down.
Well said and congrats for sticking to your plan and making money. Thats what we all strive to do.
This market has the means of making it to 2300 by years end. IMO, and that is if it just keeps going on like a bull market.
My target is now 2122-2133 as it moves higher everyday. I'm worried it won't reach my numbers before rolling over. But I'm only willing to short a "certain" trade. 20 more pts on the es/sp and I'm in. If it doesn't come, then I miss this short and stick to trading oil, gold, silver, euro/dollar.
Thank you, the trade is coming up soon... maybe. Looking to short the es at 2118-2130. Of course it goes up everyday it doesn't reach that number. I will reply again once I have entered the position.
Yes this strategy does not work for options. I trade futures and the /es or S and P futures. Months out on the contracts. Short the top of the trendline and hold for a 60-80 point drop. I'll short let's say 2115 average and attempt to buy it back 60-80 points below the eventual top. If 2030 is the top then I will buy half at 2070 and the other half at 2050. It's one of my few longer term swing trades. Mostly I daytrade, but not the /es. The /es I just wait for the top, climb in and make money. I'm not interested in timing the market, or gyrations or fake outs or even huge black swan death crashes. I just short the top of the trendline and cover 60-80 points lower. I look to do it 4-6 times a year for a nice profit.
This market isn't hard to predict a top. Go to a multiyear daily, or a multiyear weekly and draw a few trend lines. Next short on the /es futures is at 2114-2123. That puts the SPX around 2117-2126.
You will only get 4-6 short opportunities a year playing like this, but it's almost impossible to lose shorting the tip top of the trendline. You just don't to get play as often.
This market isn't hard to predict a top. Go to a multiyear daily, or a multiyear weekly and draw a few trend lines. Next short on the /es futures is at 2114-2123. That puts the SPX around 2117-2126.
You will only get 4-6 short opportunities a year playing like this, but it's almost impossible to lose shorting the tip top of the trendline. You just don't to get play as often.
Next short target on the /ES at 2116-2123. That should put the SPX a bit higher at 2120-2127.
This number is from the top of a trendline that hasn't failed for the last few years. It just happens to correspond with so many other data points.
getting closer and closer to the short position I want to build. 2120 I believe now. I'll take a closer look as it approaches.
3's starting to go, this one will get thinner each tick up.
No 1s, bidding for 5 million at 2. Think we may have a story developing here. Notice the CEO is the same CEO as one I have played in the past. It has quite a lengthy story and ended up in the marijuana business.
Have a bid at .0001 just in case.
Big volume here today.... interesting.....
I'll do some digging tonight.
Another 70 points on the spx before it's in shorting territory for me. Cmon and run baby.
aapl up almost 6% after hours LOL.
The market has been baiting shorts in left and right. Get ready for a sharp move up to the 2090-2110 range where we will sit and churn for a while while crushing all the shorts with margin calls. We will sit up there for a few weeks and pull back 80 or so points like normal.
Next stop 2110
This is a strange feeling seeing news actually matter. Your vix and spy golden signals are getting beat up today. Hope to see this be a headfake and we go back up. I hold no position, but I am drooling over getting an amazing short position setup.
God I hope so, I've been waiting all year for an opportunity to short.
Cmon 211+
thanks for the headsup, may try to be some natural gas futures if they dont gap and run at the open.
All I am saying is this last hoorah of black swan events including the SNB and the EBC draghi fear did nothing to harm the markets and that I believe the markets will go to new highs again soon like they have for the past 6 years. Of course the market will unwind eventually and of course markets go down faster than they go up. Anyone can say that and be correct. I am talking about short term and the fact that I think the markets continue to new highs over the next few weeks to a month. If you throw a baseball in the air, it will come down... duh.
Here are a few simple pieces of commentary for the board.
-Crude oil going down ~50% last year did nothing to harm the markets. The markets continued to plow through to new highs even with crude tanking into the gutter. Why? Because low oil price is good for the markets and high oil price is good for the markets. The news will spin whatever happens as good for the markets.
-Look at past history for the last 6 years. The market sets new highs. The "doom and gloom" is over and if history repeats itself we are on our way to new highs.
The market is running out of black swan events to take it down.
Looking for 211+ to short.
Are you getting any golden signals confirming up or down? Thanks, respect your opinion.
speaking of doji candles, so many daily dojis. doesnt know which way to go
that's exciting, I find it easiest and most certain to make money on the spy/es at the top and I can't wait. I haven't made a dollar this year on the two. Been trading other futures for money so far this year.
Cmon baby, 5$ gapup please.
You said it best with this quote.
I love to be a bear as much as I love to be a bull. I think bear is more fun because you get to fight the crowd. But I don't see anything super bearish about how the market is acting. 100 day held and bounced on the SPY. VIX having trouble setting new highs. the es futures are not making new lows. Only a matter of a few days or a week for the es/spy to be making new highs. Not a prediction, just something that could easily happen. Watching the weakness in gold as another very small odds enhancer that the markets are moving back up more soon.
Loaded week this week with ECB speech, president speaking, earnings galore and crude oil inventories. Lots of "news" for the market to ride higher.
Market is going to new highs soon. All the scare in the world couldn't send the /es below 1961 (the previous low). 2100+ coming. Gold hitting a wall at 1300 area as well. More certainty in the market will bring gold down and the markets up. all imo.
I'm scared to short this market anywhere but the top of my trendline. 2105 is the current top and will probably be higher by the time the es reaches there, if and when that happens. You can never be scared of the market if you have enough money, the margin control you need and entering at the right location (the top.)
I'll be ready at 2110, or wherever the top of the trendline is at that point.
The market has held this 1970-1990 range too many times. 2-3 bounces could be a fall, but this 5-6-7 bounce crap means they are sucking in shorts before we rally. I'm not confident enough to buy here as I never buy the middle, but I'll be ready to short when the spx approaches 2110. Just my gut feeling, we go up here soon.
Yes, I was looking for news for like 5 minutes after the dollar surged up .80 and the euro fell to record lows. Was unbelievable watching everything move. In all the chaos I managed to make +$8 trading gold LOL. I couldn't enter any trades, I was way too afraid.
holy moly, the amount of money lost in the currency market just now was insane.
That is an awfully thick trendline, you know what that means! Very strong, and it's also bright red. Another sign of strength.
uglyyyyyyy. Still close to even on the day, but definitely not that bullish to see. Starting to look like it did a few weeks ago where we had super low green volume and then people adding to their short positions on high red volume... except this time its at 2030-2060 instead of 2080+
Markets from very green to red in hours. Dow down over 270 points from the highs today. Yowza, what happened? who knows.
I trade futures for a living. It's what I do all day everyday. The /es (spy), gold, silver, oil, the euro and the dollar.
yowza, -100%. I just can't stand that about options, but you probably don't put much on the line. Maybe like $500?
I'm not trying to be a dick, but did you close out those calls from this morning and if so what % did you lose on that?
Just curious because I hate options and prefer futures, because if those were futures you were holding there would be no time decay and you could easily hold them for weeks/months+ and be correct for when the SPY does go back up to 210+
I am blown away that the spy isn't green today. Like almost choking on my oatmeal. It was supposed to bottom at 1984 and be green 4 straight days to 2100. I am confused, bulls are confused, dip buyers are confused.
Another 4$ and I'm ready to short the spy