Stock Markets

26,389,526 Views | 236844 Replies | Last: 8 hrs ago by WestTexasAg
tailgatetimer10
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AG
Am I missing something, all the articles are pointing at older statement. Did something new come up??
tailgatetimer10
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FriscoKid said:

Les Appelt 1999 said:

Welp. Trump just destroyed amazon today.
How so?


All old sources but the media is running with it

https://www.google.com/amp/s/www.cnbc.com/amp/2018/03/28/president-trump-reportedly-hates-amazon.html
Bonfire1996
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New article with multiple sources that trump is obsessed with amazon. Says he wants to hurt them to help his brick and mortar buddies.

Most likely fake news but still impacting share price in major way
oldarmy1
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We're green and I am selling off off those overnight futures fills. From a strategic point those covered the costs of around 80% of my late day Call option positions.

If you are serious about trading get Futures access. There have historically been 100+ S&P point futures swings after close and before opening of U.S. markets.

I know a few professional traders who only trade off hour futures.
Long Live Sully
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One day soon I want to come over and buy you lunch at Louie Mueller's so I can pick your brain.
oldarmy1
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Cow Hop Ag said:

One day soon I want to come over and buy you lunch at Louie Mueller's so I can pick your brain.


Well that's a great path to get there.
Bonfire1996
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And just like that, futures all red. CNBC just killed a triple green morning with an article they had in the can, ready to dump onto the pre-markets.

Don't let anyone ever tell you the financial news isn't political.
oldarmy1
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Yesterday's wild swing caught everyones attention, not because of the volitilaty - when you look at all the recent wild ups and downs these last few days are in between the 1st one and the 2nd one - it's because we traded ABOVE the previous day but reversed and created a LOWER low than the previous day. All of the capitulation appears to be coming to a head.

FriscoKid
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I was thinking about a little spread action, but I might just go put all the way if we break through this support level at the open.
Hillary paid for warrant to spy on Trump.
gougler08
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I'm confused...futures were all red but we opened up? Maybe I'm dumb...
oldarmy1
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Closed out 50% of MU Options. Again.....thin thin thin
oldarmy1
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gougler08 said:

I'm confused...futures were all red but we opened up? Maybe I'm dumb...
Give it a minute. Ignore the first 30 minutes of opening if viewing from a trader perspective. That is unless you had taken positions, gotten the bounce at the open and were closing out profits.
oldarmy1
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And the reason markets will open with a bounce is because there are a ton of bottom seeking market on open orders. When I was on the trading floor I was told that sometimes 20 times average volume at the open. Pull up a minute chart and you can see it.
oldarmy1
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If you believe the bottom holds you are buying right now. S&P -9.35 is right on overnight average. DOW -45 at that point. I grabbed S&P again with a close stop
SlackerAg
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And institutional money could pile-in when VWAP is low.
oldarmy1
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SlackerAg said:

And institutional money could pile-in when VWAP is low.
THIS!
oldarmy1
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Off to meetings. S&P triggers sell at -11.50 which in turn closes out all options. Longer we hold without breakdown better odds for bounce. If others jumped into that S&P trade my sell is at 2628, but only because I won't be able to watch it.
Long Live Sully
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Giddyup.. Sometime in April if you are in country.
tailgatetimer10
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Retesting the resistance??
FriscoKid
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tailgatetimer10 said:

Retesting the resistance??
yep, there is support here
Hillary paid for warrant to spy on Trump.
FriscoKid
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Looks like a pennant to me...
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oldarmy1
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FriscoKid said:

tailgatetimer10 said:

Retesting the resistance??
yep, there is support here
Popping back in on a quick break with obervation. Big money doesn't like to give big openings for people to tag along at major support. Churning above support is bullish but hanging back near support is bearish.

Thin thin thin....options make best since.
oldarmy1
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p.s. 2628 sell on SPX came within 2625.75. Sometimes life sux
FriscoKid
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not really a reversal or bounce off the lows IMO
Hillary paid for warrant to spy on Trump.
FriscoKid
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you should have corrected me on the volume yesterday. I wouldn't have been offended. I didn't realize that the orders were settled like that every day immediately.
Hillary paid for warrant to spy on Trump.
FriscoKid
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and there it goes.
edit: target 2560
Hillary paid for warrant to spy on Trump.
tailgatetimer10
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Ouch, I looked away for one second and it broke
FriscoKid
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tailgatetimer10 said:

Ouch, I looked away for one second and it broke
Not quite yet. Sure looking like it though. There isn't a strong reversal pattern.

I think we have until 10:15 to see the "bounce" otherwise we are going south. Strong bear candle just formed a few minutes ago.
Hillary paid for warrant to spy on Trump.
Ranger222
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XBI got close to touching its 200 day MA and now forming a hammer on the daily. Lots of gene editing stocks like SGMO, EDIT, CRSP also forming hammers. May be signs of reversal for at least this sector
oldarmy1
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FriscoKid said:

you should have corrected me on the volume yesterday. I wouldn't have been offended. I didn't realize that the orders were settled like that every day immediately.
I went with a kindler, gentler reply about it not being unique. Same for the opening minute as well. Ha!

But I do realize you have the right thickness of skin for trading!

FriscoKid
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today
Hillary paid for warrant to spy on Trump.
tailgatetimer10
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And GE continues it's move, up another 3.5 percent
oldarmy1
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tailgatetimer10 said:

And GE continues it's move, up another 3.5 percent
Hey, my holdings are back in the money! By 4 cents.
tailgatetimer10
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Geez, why didn't you tell us it was going to reverse when the market was on a downward trend?!?!
FriscoKid
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VIX is at 24 and we are trading flat.
Hillary paid for warrant to spy on Trump.
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