Uglier.
It broke
It broke
Stock Markets
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Last: 3 min ago by ProgN
If there's a probable flash crash tomorrow (like August 2015), my model's circuit-breaker will skip Friday & buy Monday bargains after strong resistance established. Hoping for some short squeezes too.
quote:Good job, Kayak! If my standing trade has been to short anytime we crest 18k then most certainly that translates to using it in shifting out of all 401k holdings.
I transferred my entire 401k to a stable value fund today around 10:00 am. Even though old army didn't say exactly when a pullback was going to happen, I figured it was a good time to do so with the upcoming vote. Besides, my account lost 0.59% over the last month and everyone's been saying it was inevitable. I'm not a trader, but I do try to take advantage of these situations.
-650 Going to bed with a premarket alarm set for all the fun.
Goodnight!
Goodnight!
quote:
Well, that UVXY short worked out pretty well...
Hope you covered or bought insurance.
I pulled everything out of my 401k into bonds two weeks ago. Happy I did.
quote:
I pulled everything out of my 401k into bonds two weeks ago. Happy I did.
I'm well over 50% bonds/cash in all of my accounts.
More than anything I'm mad I chickened out on the volatility trade.
So in my "play" account (what I used to bet on sports) I was running iron condors on AMZN and SPY that expire tomorrow. I need SPY to close above 204 and AMZN to close above 792.5.
T&Ps?
T&Ps?
I follow this thread. Trading like y'all do is too sexy for me but I do love technical analysis. I went long the gold and silver miners when oldarmy1 said we reached the top. It's just a different (old fashion) way to play the game. But I won't be selling. Governments just keep devaluing their paper money in a race to zero. Nobody is fixing the real problem and that is gigantic government taxing its "subjects" into oblivion.
Thanks so much oldarmy1 for your insight and analysis.
Thanks so much oldarmy1 for your insight and analysis.
Banking took a beating and I expect will continue to:
Premarket movement: BCS -25%, RBS -24%, LYG -27%, HSBC -10%, DB -16%, UBS -10%, C -7.5%, BAC -7%, JPM -6%, WFC -5%, GS -5%, MS -5%.
Premarket movement: BCS -25%, RBS -24%, LYG -27%, HSBC -10%, DB -16%, UBS -10%, C -7.5%, BAC -7%, JPM -6%, WFC -5%, GS -5%, MS -5%.
So is today the fire sale, or should we wait till Monday to go stock shopping? Y'all think this is going to dip some more today?
I did not pull out and it's probably too late to do so. I'll be ok because I still have ~33 years till retirement, right?
This fall is just the globalists who manipulate markets throwing a tantrum. I wouldn't go into panic sell mode.
So no long positions yet?
In cash through the vote for this exact reason. The next 2 weeks are going to be fun.
How long do you think we let this play out? I moved everything out of my 401k just last week when I had a feeling the market topped out again and was going to continue this range bound trend.
2020-2040 is the key area to watch on SPX. This was a great binary event that will cause the market to test lows. Notice the PM resigned, buying them at least 3 months. So, the uncertainty continues.
quote:No doubt the initial move is an emotional driven impact and until key support levels fail with follow through there is no absolutes. Premarket covering was the right move coming on the heels of the 18k entry. In essence its the same strategy that's been in play; only difference is we got a huge payday in a single day versus the typical sideways ebbs and flows.
This fall is just the globalists who manipulate markets throwing a tantrum. I wouldn't go into panic sell mode.
quote:Agree on 2020 mark. Also, the world is now on watch for #WHOSNEXT to exit.
2020-2040 is the key area to watch on SPX. This was a great binary event that will cause the market to test lows. Notice the PM resigned, buying them at least 3 months. So, the uncertainty continues.
Start incrementally buying back in on Monday AM?
-605 weeeeeeeeeeeeeeeeeeeeeee
quote:Heres the thing. If you are thinking Monday can be a rebound kind of day then you would be buying late today as the markets crush to new lows. Markets don't let you buy in very often same day. In other words, if Monday is going to be a green day it will start pre-market green and force you to chase it.
Start incrementally buying back in on Monday AM?
And I say that having no idea which way it goes. If someone wants to look for a Monday trade then the smartest thing to do is buy some calls as we hit -700. We are at -635 now
quote:Thanks for the info. I am looking more from a long term perspective; buying into funds in a brokerage account.quote:Heres the thing. If you are thinking Monday can be a rebound kind of day then you would be buying late today as the markets crush to new lows. Markets don't let you buy in very often same day. In other words, if Monday is going to be a green day it will start pre-market green and force you to chase it.
Start incrementally buying back in on Monday AM?
And I say that having no idea which way it goes. If someone wants to look for a Monday trade then the smartest thing to do is buy some calls as we hit -700. We are at -635 now
Oh, well that's easy. STAY OUT 
quote:Yes sir.
Oh, well that's easy. STAY OUT
Any signals to look for as a sign to start buying back in?
Yessir.....when I post "NOW!!!"
We're not too far from all-time highs. This is not a buy low/sell high moment on a market timeline.
We're not too far from all-time highs. This is not a buy low/sell high moment on a market timeline.
Fair enough. I'll sit back and wait.
If you want what I would consider to be my best trade right now it would be a July 1st SPY 205 strike price Call at $2.
That's for swing traders Donald. Just to avoid any confusion.
That's for swing traders Donald. Just to avoid any confusion.
Just finished my review and was pretty surprised to find that nothing is really cheap or breakdown mode.
The S&P is still about 20pts above the 200MA. The market has been range bound for over 3 months now bouncing from 2020-2120. There isnt enough of a discount for me to rush back in the market just yet.
The oil stocks still near their recent highs and if you think the dollar is getting stronger, then oil going down, oil stocks coming down so makes no sense to buy them now.
I own a lot of VZ. It only dropped a quarter Friday after hitting 52 week high. I'm not adding more of that here.
JPM I own a lot of as well but that's still way above the February low when Jaime Dimon bought a ton of shares. I'm not buying more at this level.
WYNN still super high too.
I'm not doing anything. Riding it out with what I already own and waiting for better opportunity going forward.
The S&P is still about 20pts above the 200MA. The market has been range bound for over 3 months now bouncing from 2020-2120. There isnt enough of a discount for me to rush back in the market just yet.
The oil stocks still near their recent highs and if you think the dollar is getting stronger, then oil going down, oil stocks coming down so makes no sense to buy them now.
I own a lot of VZ. It only dropped a quarter Friday after hitting 52 week high. I'm not adding more of that here.
JPM I own a lot of as well but that's still way above the February low when Jaime Dimon bought a ton of shares. I'm not buying more at this level.
WYNN still super high too.
I'm not doing anything. Riding it out with what I already own and waiting for better opportunity going forward.
early Futures indicate more pain tomorrow
Spain with over 1000 pts and 12% down.....ouchers
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