I see you whales following my whale tail. Get on it boys.McInnis 03 said:The January 2021 5c is about $.68.......kind of thinking a couple of those can't be a bad thing.FAT SEXY said:
Is MRO gonna get swallowed up if this price battle is prolonged?
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That $93 DIS from this morning is looking good.
Anyone notice the lack of volume of the S&P?
Teva on way to close that $10 gap
everyone waiting to hear how HCQ+ZPack works in NYRice and Fries said:
Anyone notice the lack of volume of the S&P?
Yup, net volume is also red on the day, though shallow.
A few things lining up - the 50% retracement you mentioned, breaking the $8.30 7-day resistance level, daily gap to $10, and its a producer of Hydrocloqiquine (spelling?). Think we have an edge there. If the news say the drug fails it may lose momo, but I would use that previous resistance level (8.30s) as a mental stop loss to get out if it doesn't move.McInnis 03 said:50% retrace on the 3 month looks to be about $10/share...I'll give it a whirl.La Bamba said:TEVA breaking out.La Bamba said:NVS, AMRX, TEVA, RHHBY, MYLIrishTxAggie said:
Tell me someone played this. TELL ME SOMEONE PLAYED THIS.McInnis 03 said:
$CYDY
https://nypost.com/2020/03/28/coronavirus-patients-taken-off-ventilators-after-getting-experimental-hiv-drug/
"CytoDyn, the drug's manufacturer, could get FDA approval in six weeks if leronlimab continues to show promise. No drugs currently have FDA approval to treat the novel coronavirus."
Thinking about getting back into WYNN at $60
Apparently all that money going in on TLRY may not have actually known anything...
MOMO a buy here or think it retests 20?
I believe OA bought in the 22 range, so I would think 21.28 would be a buy but I know little about it.BenRev09 said:
MOMO a buy here or think it retests 20?
Yeah this one's been a bit rough today.gougler08 said:
Apparently all that money going in on TLRY may not have actually known anything...
BA moving into close. A lot of 4/3 170c and 4/9 175s bought today
Imagine that class action suit announced today energized the shorts. Those suits are so worthless. The law firms are the only ones that make money.gougler08 said:
Apparently all that money going in on TLRY may not have actually known anything...
Much better SPY close than Friday. 3.5 pts off the 38.2% retracement. Hopefully we blow through it and hit the 50%.
Finally dipped in today with DIS and WYNN.
aggiedaniel06 said:
I'm not talking about some BS intraday technicals. Every single correction since 2009, regardless of the underlying narrative, whether it was QT (2011), Brexit/Energy crash (2015), interest rate hikes (2018), bottomed at the 200 week MA.
I was going yo post the chart but why bother since It seems you won't listen. $2630 is that number and also the fib retracement from 2008.
I had posted this on March 11th on the way down and one poster here told me it's all BS. LOL
2630 is a monster level. The moment we broke it, it confirmed a bear market and we plunged to 2160.
Here we are again. Next couple of days will be telling. We will either blow through 2630 and start a new extension upwards or close below 2630 and trend back downwards to 2300.
This all /ES not cash. So after market movements matter.
https://apple.news/AneOQGlXyR-W9bfTzdxSAnQ
Report from St Louis Fed projects job losses reaching 40mm+ and unemployment of 30%+
Report from St Louis Fed projects job losses reaching 40mm+ and unemployment of 30%+
Is it really a job loss when the fed is sending you a paycheck?AggiePeeps06 said:
https://apple.news/AneOQGlXyR-W9bfTzdxSAnQ
Report from St Louis Fed projects job losses reaching 40mm+ and unemployment of 30%+
McInnis 03 said:
Nevermind, Nicky Batista got it covered for me
$XOP 4:1 Reverse split. If you had options on prior they are now non standard, you will need to switch to NS1 on the trade page. Bid/ask spreads are gonna be a bit wide on the open
How exactly do you do this? I use TD Ameritrade.
Yes, because your health insurance doesn't come with you in a pandemic, and there is a huge section of the economy that is only financed by companies and not individuals. This market doesn't seem rational to me.McInnis 03 said:Is it really a job loss when the fed is sending you a paycheck?AggiePeeps06 said:
https://apple.news/AneOQGlXyR-W9bfTzdxSAnQ
Report from St Louis Fed projects job losses reaching 40mm+ and unemployment of 30%+
All animals are equal, but some animals are more equal than others
The 50 weekly MA has hardly turned over. Also the "death cross" confirmed today. Ppl are firing way too soon trying to pick a bottom, IMO. We are a month into this thing and haven't even printed a recession number yet.....except for weekly unemployment that dwarfs any other number ever (PPT came in that morning in futures). Ppl expecting an immediate rebound to pre-virus consumption levels in April-June are mistaken.
Every big correction of 20% or bear move in every secular bull market since WII has been held by the 200wkMA. We blew through the 200wkMA like it was not there on this current bear move. When we go through and close below the 200wkMA it is usually pointing to a long secular bear market forming. Need to watch for the 200wkMA starting to be in decline. It is still rising. If it starts declining and we are trading below it then that will be bad. In the past when we went into long bear periods we had a rounded top and then a slow decline that went back in forth across the 200wkMA and then a big quick push down resulting in a bear move that lasted for months/years. This one occurred fast and lasted for weeks like most big downdrafts in a bull market. Hopefully this bear will not turn into something worse, but a sever bear type correction in a secular bull market. The next few weeks/month will be critical. I expect a retest of the lows and a new low set before it is over, but before that I am looking for 2800-2900 on the SP500. There is a gap to be filled there and big resistance area. The declining 50dMA will be in the area in the next week or so and be resistance to any up move. By the way the Nasdaq has more relative strength and has been held by the rising 200wkMA.aggiedaniel06 said:aggiedaniel06 said:
I'm not talking about some BS intraday technicals. Every single correction since 2009, regardless of the underlying narrative, whether it was QT (2011), Brexit/Energy crash (2015), interest rate hikes (2018), bottomed at the 200 week MA.
I was going yo post the chart but why bother since It seems you won't listen. $2630 is that number and also the fib retracement from 2008.
I had posted this on March 11th on the way down and one poster here told me it's all BS. LOL
2630 is a monster level. The moment we broke it, it confirmed a bear market and we plunged to 2160.
Here we are again. Next couple of days will be telling. We will either blow through 2630 and start a new extension upwards or close below 2630 and trend back downwards to 2300.
This all /ES not cash. So after market movements matter.
claym711 said:
The 50 weekly MA has hardly turned over. Also the "death cross" confirmed today. Ppl are firing way too soon trying to pick a bottom, IMO. We are a month into this thing and haven't even printed a recession number yet.....except for weekly unemployment that dwarfs any other number ever (PPT came in that morning in futures). Ppl expecting an immediate rebound to pre-virus consumption levels in April-June are mistaken.
Just for a fun thought experiment. If you had to make a case for the bulls. What numbers would you use to support it?
McInnis 03 said:Is it really a job loss when the fed is sending you a paycheck?AggiePeeps06 said:
https://apple.news/AneOQGlXyR-W9bfTzdxSAnQ
Report from St Louis Fed projects job losses reaching 40mm+ and unemployment of 30%+
Yes it is. Esp when you only have 20 days left of health insurance and two small children
I'm not claiming we are at a bottom. I think we will could see even a low of 1600-1700 before its all said and done. IMO the bottoming process before starting another secular bull market is going to take another year.
The levels I was referring to are for trading purposes in this bear market. I love trading in bear markets. You just have to stay discplined and within fib extensions without trying to predict the countertrend.
At the moment we are in an impulse wave and 2630 is a pivot point, so I have no postions. I will enter shorts at 2750 or if we have a clear rejection of 2630.
The levels I was referring to are for trading purposes in this bear market. I love trading in bear markets. You just have to stay discplined and within fib extensions without trying to predict the countertrend.
At the moment we are in an impulse wave and 2630 is a pivot point, so I have no postions. I will enter shorts at 2750 or if we have a clear rejection of 2630.
I was agreeing with your original point
Haha, I wasn't sure.
great post sir! blue star!drill4oil78 said:
Every big correction of 20% or bear move in every secular bull market since WII has been held by the 200wkMA. We blew through the 200wkMA like it was not there on this current bear move. When we go through and close below the 200wkMA it is usually pointing to a long secular bear market forming. Need to watch for the 200wkMA starting to be in decline. It is still rising. If it starts declining and we are trading below it then that will be bad. In the past when we went into long bear periods we had a rounded top and then a slow decline that went back in forth across the 200wkMA and then a big quick push down resulting in a bear move that lasted for months/years. This one occurred fast and lasted for weeks like most big downdrafts in a bull market. Hopefully this bear will not turn into something worse, but a sever bear type correction in a secular bull market. The next few weeks/month will be critical. I expect a retest of the lows and a new low set before it is over, but before that I am looking for 2800-2900 on the SP500. There is a gap to be filled there and big resistance area. The declining 50dMA will be in the area in the next week or so and be resistance to any up move. By the way the Nasdaq has more relative strength and has been held by the rising 200wkMA.
jeebus, crude to single digits is insane, DUG still has a lot of meat left on the bone if true. That's nuts.
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