I'll still take. I personally believe we are closer to the end of this selloff than the beginning.Shiner Bock said:Prognightmare said:
I'll take it. We could have been down 1000+ with the news of a US death.
With this market, could be +/- 1000 by market open
Stock Markets
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Not sure what many here expecting...expect choppy markets for the next couple of weeks. End of story. If long term investor, let quality stocks come to you. The opportunities will be there.
Reversed my /es on Friday (for a handsome profit) and am now long the futures. Planning for a bounce but am a little anxious. Stops are set so I will sleep tonight.
Day after move like Friday close is more likely down from open but I have very limited data on moves like that. True analogy count is about 3 in the last decade.
Agree but was short after last Monday so was a big payoff. I will be out if it goes lower. Up big for the year so no problem.
red open, green close tomorrow - just a guess tho 
Now green. China also opened very green.Ag13 said:
Futures down 300
WTF knows tomorrow. Good luck!
Hope we get a chase higher all day with limited pause. Cash in and lighten the load on winners if so, because capitulation WILL happen.
Macou's gambling revenues down 87.8% for February due to Coronavirus.
2nd death in King County. A case in Manhattan.
Fed rumored to announce a rate cut before the bell Monday. WTF knows!
Fed rumored to announce a rate cut before the bell Monday. WTF knows!
Quote:
Macou's gambling revenues down 87.8% for February due to Coronavirus.
The casinos were closed for a while. They've been re-opened but there's still a lot of travel restrictions in China so no one can go.
I have no idea what any of this means. The deaths could drive.the market down but the rate cut could send it up a little. I'm pretty clueless about how this may go down.
Some geopolitical risk now creeping onto the scene.. Turkey shot down a couple of Syrian fighter jets. NATO is backing Turkey.
The world is nuts these days
FrioAg 00 said:
Was thinking an interesting play might be the hand sanitizer and cleansing wipes industry, but unfortunately private money seems to dominate it. Purell and GermX are both currently privately held, and Wet Ones rolls up to diversified product co I'm not all that interested in. Clorox of course is owned by P&G.
Anyone seeing other angles to capitalize on this?
Clorox is a separate company. It's symbol is CLX.
The companies that need some attention in my opinion are the lab testing companies. Like LH and DGX.
On Friday, there was a Buyer 4000 $LH August $180 calls for $12.85 in Lab Corp $5.1 million call trade
UpstateAg said:
Costco is going to have strong numbers in America next report.
There was definitely a run on non-perishables this weekend.
Futures +20. Looks like I get to trade at 3am. Since I have calls at $305 and 310 on SPY I will be selling my shares overnight.
oldarmy1 said:
Futures +20. Looks like I get to trade at 3am. Since I have calls at $305 and 310 on SPY I will be selling my shares overnight.
So, for us who can't trade before open.. sell the $310 SPY calls that expire tomorrow first thing in morning??
OA.. sorry if you've been asked this before but why not trade (/ES for example) futures + options on futures instead of Equities + options (SPY)?
Double top 2983 on ES Futures. Watch that for resistance if not broken tonight. If it is then look for +50
Jizzle89 said:oldarmy1 said:
Futures +20. Looks like I get to trade at 3am. Since I have calls at $305 and 310 on SPY I will be selling my shares overnight.
So, for us who can't trade before open.. sell the $310 SPY calls that expire tomorrow first thing in morning??
I'd get your money back and then risk the rest to see if they go into the money. You'll know by 11am if trend suggest a better than average shot at that by then.
moses1084ever said:
OA.. sorry if you've been asked this before but why not trade (/ES for example) futures + options on futures instead of Equities + options (SPY)?
I do but most don't have that ability so I keep it to where most are at.
Got it, thanks!
Bears might get crushed tomorrow.
Novice question here:
I know the general principle is to buy when everyone is selling, but anybody else think, even with a green day tomorrow potentially, it's worth taking positions still given how low prices still are?
I know the general principle is to buy when everyone is selling, but anybody else think, even with a green day tomorrow potentially, it's worth taking positions still given how low prices still are?
oldarmy1 said:
Double top 2983 on ES Futures. Watch that for resistance if not broken tonight. If it is then look for +50
+53
And there's why if you're going to be a professional trader you have to commit to the hours. I sold all the SPY shares I wanted at the opening of trading and now bought back $4 lower against our hedges, with SPY back to near flat.
FriscoKid said:
Bears might get crushed tomorrow.
Not so fast my friend, futures down 1% now. Market could close +/-8% today.
Massive volume cluster under $291 SPY jumped on and sold for quick $2 gain. Sheesh making it easy so far this morning
Bears having none of this bull crap
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
So Monday red/green or are we going for another ride?
Buy tight put/call spreads and win, because wherever we're going it will be big enough to cover both premiums.
Buy tight put/call spreads and win, because wherever we're going it will be big enough to cover both premiums.
SPY low Ftiday $285.54. Hovering at $292 area now so a sink down retest would be good to watch for reversal. The late move upward makes this current futures kinda tame.
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