AnyOtherName said:

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Prognightmare said:

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You can't shutdown a 22 Trillion dollar economy for a virus that has a 98% survival rate. Sorry, **** happens, but it's not worth killing everyone because some will die.

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It's a damned if you do, damned if you don't situation. No one wins. If we kept everything running the way it was in February, you wouldn't be thinking the same thing right now. I am not for shutting the economy down. Back to the stocks. I'm not trying to start an argument.

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but you darn sure finished it!

Every knee shall bow and every tongue shall confess

OverSeas AG said:

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AgShaun00 said:

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just sold the other half of my xom for 500%. I needed some wins.

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well I bought some of it...

I had some... sold at $38 think it was going to go down and I would rebuy.... but nope keeps going up. So I went ahead about 33% of what I am target in my portfolio long term. Still hoping it goes down. May have misplayed this one totally.



Not only am I not a whale, I am not even a minnow. Maybe not even a fish egg. :-(

And yes I realizes whales are mammals.

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i kept my stock. sold my may 45 options

jj9000 said:

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Beware, the 2:50 PM CDT swing is upon us.

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Up or down! Taking all bets!

Didn't quite hit 280 correction, but people may fear the long weekend

Prognightmare said:

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You can't shutdown a 22 Trillion dollar economy for a virus that has a 98% survival rate. Sorry, **** happens, but it's not worth killing everyone because some will die.

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It was never about survival rates. We spread the survival rate talking point to ease the minds of the lowest common denominator. Unfortunately, we also overestimated the number of people in that denominator. We also told people masks don't help, when obviously anyone with a handful of brain cells knows that a mask will help, but you don't want a run on masks when they are in short supply.

When the truckers refuse to drive because there is too much of a risk for them to stop at a gas station, what would your solution be? Survival rates are a fools metric.

khaos288 said:

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jj9000 said:

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Beware, the 2:50 PM CDT swing is upon us.

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Up or down! Taking all bets!

Didn't quite hit 280 correction, but people may fear the long weekend

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My money says down, which means we might just hit 280

The 2:50 PM MOC reveal has become my favorite part of the day. Shame that it will end once trading floors open back up

down, so I would bet on the opposite.

AnyOtherName said:

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agdaddy04 said:

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OverSeas AG said:

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If they keep revising the estimates down (to less then 100k deaths in the US), and it turns out to be true, I think that a lot of people are going to be questioning the motives if not sanity of some of the talking heads out there. I for one will want accountability.

Personally I would not want to be making any predictions about things right now - about CV19. We just don't know - other than we are wrecking our economy.

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I keep hearing this but it doesn't make logical sense to me. The reason things are shutting down is to save the number from growing too large. IF the number stayed really high and we were shut down that would be depressing for everyone.

I'll preface this by saying I've not really been on board with wide spread shut downs like we're doing.

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This should explain it for you guys... because you have to shut it down.

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Wow, what a pitiful analogy by Neil deGrasse Tyson.

Buying an April 17 $14 IQ Put

So yesterday we opened up at ~275 and closed the day at 265. A 50% retracement from that move (if yesterday meant something to the overall trend) would be an up move today to 270 and rejection to continue to the re-test. But we're at 273.5 now...of course 12 minutes to go. To me, 280 seems much more likely assuming we close above 270 today. This is probably obvious to most but just another way to think about it.

Speaking of, huge volume just now.

SQQQ a buy here for tomorrow?

There's been some HUGE buys of SPY going through today.

Prognightmare said:

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There's been some HUGE buys of SPY going through today.

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At 2:50 PM CDT.

Just another day in the office.

Every knee shall bow and every tongue shall confess

jj9000 said:

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Prognightmare said:

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There's been some HUGE buys of SPY going through today.

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At 2:50 PM CDT.

Just another day in the office.

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280 by 2:49 on Thursday, and then downtown we go

jj9000 said:

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TXAG14 said:

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jj9000 said:

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Keeping an eye on the 2:50 PM CDT dump.

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FIFY

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Interesting piece regarding the 2:50 move.

https://www.zerohedge.com/markets/sp-futures-crater-40-points-one-tick-huge-closing-imbalance-sale?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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worth a bump

Hedged with SPY 269 puts for April 13...think we'll see a downside either in to or out of the Easter weekend

La Bamba said:

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BB675 said:

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Any plays this afternoon? PENN worked out for me today but I don't know my exit strategy. I jumped on MFA thinking it could maybe get to $2 today but that is not looking likely.

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I think MFA is trending nicely. Gearing against HOD. If it breaks, I think we see 1.75 - 1.80 today.

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And MFA closes at 1.7733.....just at the midpoint of the guidance.

Need a solid opinion on FAZ

Bought the SPY 275P for tomorrow at the close, debating if I should hold it over night. 10 more minutes to figure this one out.

McInnis 03 said:

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Bought the SPY 275P for tomorrow at the close, debating if I should hold it over night. 10 more minutes to figure this one out.

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You buy it on your own and now we have to tell you to keep it.

I'm hoping tomorrow, SPY has an inverse of today. Quick rise up a few $ and then drop down further and further throughout the day.

Prognightmare said:

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McInnis 03 said:

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Bought the SPY 275P for tomorrow at the close, debating if I should hold it over night. 10 more minutes to figure this one out.

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You buy it on your own and now we have to tell you to keep it.

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Ask barty. I'm decent at finding entry, I have no clue when to get out. #NoDiscipline

P.S. I bought the 275C just now so I'll straddle this overnight.

Anyone have a good article on the bear market retracement pattern? I can't seem to find it in search, but remember lots of talk about it.

Wood

Flipping back into short mode, Upside is to 2850-2890 if euphoric and if hedges have to cover the huge net short in futures. Downside much more aggressive.

I'm just f'ing with you bruh

Prognightmare said:

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I'm just f'ing with you bruh

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I deserve it.

Going to admit i didn't sell my late morning SDOW when I should have today and took a little loss. My gut tells me, where we are now, to keep it for Thursday.

https://www.forbes.com/sites/chuckjones/2020/04/08/thursdays-unemployment-claims-could-match-last-weeks-66-million/#68ed29425fcf

Projected between 6 and 6.6 million again tomorrow. April unemployment projected to be at least 17% once the next two weeks of data (not including tomorrow) are in the system. March was 4.4%