That's how earnings always are. They make them nearly impossible to miss, even though everyones looks terrible. YoY

Apple sentiment so bad, going to take a massive miss for market to care.

Nope, VIX futures lower end of day range as well

Has anyone been making money this month. I sure have not. Can barely trade.

I'm old enough to remember when crude was down meant SPY was down

VIX up almost 10% on a .4% SPX move. Dunno if it means anything, just noticed it.

The oscillator he's referring to is actually put out by S&P themselves. Cost about 500 to 1000 a month to have access to. If I remember correctly, it's basically a rich man's version of the mcclellan oscillator.

If only I could forget myself. Feels like 2010-11, which is when I actually quit the market, because it was seemingly impossible to trade for me. Which is dumb, since you just BTFD and make money. But when theres just one direction in play , i just cant do it.

RSI still has plenty of room to go, unfortunately. That's been the more reliable indicator.

Markets will never go down again. If we see below 2140 be prepared for martial law.

Like the profit taking we never saw from 1810 until now?

Yep, cutting quick and waiting for the next round instead of trying to hop right back in. Although I will admit to getting taken to the woodshed the last day or two of the Brexit bounce since it didn't even stop to test gaps or support.

Past month been my best month all year. Easy to trade off super low Volatility. Been way quicker to cut losses and not expect big or long lasting downward movements. Saved me a lot of grief and increased my gains. Watching VIX futures has also helped tremendously.

Market holding up insanely will as oil peeled off 3 bucks.

Do or die point for ES, I just went long again, but will sell quickly if it goes a few points lower.

Since I posted that prediction, market tanks and fills gaps for sure.

Futs hit 2098 which translates to about 2106 on SPX which is brexit screen of the crime area. I expect it to hit and an attempt to break today. Opened a few long contacts on es.

It shouldnt! But it does everytime, because it gets more and more extreme how fast and badly they crush it

lol the way the killed an 20 hours of volatility gains in 30 minutes into the close.

Thats rough man, only reason I was short past couple days is I thought we'd at least have tested a few support levels, but just straight up. You'll be back, just gotta grind it out unfortunately. Happened to me in October and March. I actually only really recovered this month.

28 point drop would put me in green for the week, so I welcome it ;)

Could really use a 20 point drop

That would be sexy

OR Shorts could capitulate and send us over 2100

yep based off feb, and some of that historical dat, two .5% down days would seem likely. However holiday low volume generally means upwards. Plus that stat that July 1st is up 70% of the time historically.

It's a hangman on SPX fwiw

Rest in peace 20Y, you had a good run.

Ahem sir

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123503170

I was just a week early.

July 1 is one of the best days of the yr for the S&P 500, up 70.2% of time.

Going back to 1928, the S&P 500 in July is up +1.52% on avg - the best month of the year, topping December's +1.40% gain.


But then there's this. Days after 3 consecutive 1% moves

https://pbs.twimg.com/media/CmNtWGpUcAEeTFm.jpg:large

Not really, Feb we had actual fear in the market and were close to deaths door. We should have never dropped much from Brexit to begin with. Was ac complete non event ruled by the VIX Friday morning.

Which if continues means SPX 2400?

yeah yeah yeah, no one gives a poo poo. Read a million articles just like it over the past 6 years.

QE is a helluva drug

Its not that weird, look at feb bottom and look at past few days

Agreed, I was reading that those buys wouldnt come until sometime in Q3. Buybacks only way they can make money I aguess. They don't lend out to people anymore, and theres no interest.

I had a long position for a few minutes that I closed out. Regret ;)

2104ish is the next magnet for SPX imo. Thats scene of crime from brexit, but not sure we make it there. VIX futs havnt broken overnight lows yet, but close.

I was able to cut my losses in half, so I took it and run. Flat for now. No idea how today plays out.

Yeah but you're talking weeks months from now. My shorts have a day or two timeline on them ;)

What hammering. Brexit was done with Friday morning. VIX futs peaked in the middle of the night and got demolished from there on out

That news directly relates to the markets though and therefor techs. Billions in buy backs will show up on the charts.