Man, talk about friendly fire.

Yeah

at this rate, I wouldn't expect a trade deal till after the midterms

They said today that talks with Canada continue and we will begin trade talks with Japan next week. I bet China and US agree just prior to the midterms. The Chinese economy is suffering badly. They don't have the firepower to hold out for very long and retaliate for that matter.

EU and China charts have looked like hammered dog doo the last 6 months

edit: they gotta be desperate

They're hurting substantially. The deal with Mexico and one closer with Canada is putting further pressure on China.

Yes and if republicans hold on I bet China comes to the table pretty quick

Uh Oh

Tinfoil theory. Trump stops the bs in mid October, closes deals with China, Canada, etc. Puts a huge infrastructure bill to Congress and the market sky rockets.

cgh1999 said:

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Tinfoil theory. Trump stops the bs in mid October, closes deals with China, Canada, etc. Puts a huge infrastructure bill to Congress and the market sky rockets.

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I bet you're a lot closer to reality than you are to conspiracy.

Prognightmare said:

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cgh1999 said:

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Tinfoil theory. Trump stops the bs in mid October, closes deals with China, Canada, etc. Puts a huge infrastructure bill to Congress and the market sky rockets.

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I bet you're a lot closer to reality than you are to conspiracy.

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I think he has an end game to this and will make it work, but it sure sucks to just have the rug pulled out from you when it looks like things are heading your direction just because he tweets or does something to China randomly

Agreed, it wasn't a tweet, it was told to the press. My MCHP calls were looking great by all indicators and after that, the day sucked. I see the Nasdaq opening lower and printing hitting 7820-7830. That will hit it's moving average and it usually bounces off that mark. That's why I put on Ancient Aliens instead of CNBC this afternoon.

Jack ma to step down as executive chairman but will remain on the board.

Rough week for China companies and their leading men.

OA, they're on to you...

?dl=1

ETA, I suck at posting pictures.

UpstateAg said:

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OA, they're on to you...

?dl=1

ETA, I suck at posting pictures.

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I ain't no whale! But I am an Orca who swims with whales.

Good risk/reward to enter BABA calls on any weakness, from CEO change countdown, early or if holds gains for first 30-40 minutes. That news is priced into the $20+ drop.

I'm eyeing entering some weekly calls 162.50 strikes.

So does that kind of volume drive down or up stock prices short term? Long term?

So here's what I'm watching. We filled that gap, as expected, last week. Momentum took it below that gap, again, as expected. Today we show early bounce that needs to hold and move upward to see accelerating gains.

We have a 2nd gap looming if this current bounce is rebuffed. That one would smart to long holders no doubt but what would then come into play is a potential head and shoulders on the S&P. Should that get broken then there is a nasty gap back down circled.

The thing is that even if that fills we would still be above the 200 day moving average, so it would only be considered a correction. Of course that wouldn't make anyone happy who is holding a ton of long positions. And know that should that gap come into play the momentum would be much more severe and take us likely to or even just below the 200DMA

Therefore I continue to use options on identified reversal patterns intraday and score some great returns in shorter trades, while holding net free options for further reversal confirmations.

In BABA 162.50 calls at $1.48-$1.51

Love early panic selling. Already bounced back up for quick fills at $1.90 on 1/3.

Baba weekly call?

UpstateAg said:

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Baba weekly call?

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Yup...moving all over so jusat bought back the 3rd sold at $1.28

Sold 1/3 that I had bought back AT $1.70

I AM ALREADY NET FREE ON THE TRADE! WHOOP!

Don't look now, but INVE trying to make a move this morning.

INVE

Sold at 1.75. That was easy.
Net free on inve now!!

UpstateAg said:

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Sold at 1.75. That was easy.
Net free on inve now!!

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Fantastic!

Why is the bid still at $0.10 for Oct 19 INVE 7.5 calls even though the price has gone way up the last few days?

Mine sold well above that.

gougler08 said:

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Why is the bid still at $0.10 for Oct 19 INVE 7.5 calls even though the price has gone way up the last few days?

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It trades smaller volume on the shares. Last trade on your options was $0.25 this morning. A little more movement and you'll start to see more volume.

Gap up on S&P gives another point for filling. See if the market cleans it up after first 30 minutes or leaves it hanging out there for next wave. It would bullish to see that get filled today and then power back to a new intraday high.

oldarmy1 said:

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Gap up on S&P gives another point for filling. See if the market cleans it up after first 30 minutes or leaves it hanging out there for next wave. It would bullish to see that get filled today and then power back to a new intraday high.

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Trying to clean it up. Bounced on 50% retracement so see if that fails and then waiting for gap fill for any opportunities. Man the first 45 minutes was wild. I bought AMZN Puts and those moved $30 on AMZN swing of $40+

News on RRTS? Down almost 10% today.

Come on twtr. I am hoping for a bump from a ramp up in the sports season and midterm elections.

DBX trying to breakout...