Didn't ERI agree to a merger with Caesar's? What does that mean for the long term?

Probably a really dumb question, what is this model T everyone is speaking of? I couldn't find anything googling it as a trading pattern.

krosch11 said:

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For you technical guys, Do the GC futures look to be setting up a head and shoulders pattern at 1708?

And the same for US500 at 2640?

I'm not trading at the moment but practicing getting better at technicals.

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Days with moves of >5% <9% have extremely high odds of seeing at least <-1% from closing price (mean of -2.6%) at the peak low of after hours, usually occurring in the midnight to 4a time frame.

aunuwyn08 said:

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Probably a really dumb question, what is this model T everyone is speaking of? I couldn't find anything googling it as a trading pattern.

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It's just a 50% retrace of an impulsive drop.

YouTube "50% Fibonacci"...Jamie Dimon is all about it.

Seems like selling this rally, whether it's 50 % or lower is the easy play. The harder thing is figuring out when to buy again for a multi-week hold, as multiple week rallies might be few and far between as the reality of deep recession sets in.

I think that's Hedge zero that is Azul. Not this guy I don't think.

IrishTxAggie said:

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I think that's Hedge zero that is Azul. Not this guy I don't think.

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Changed his handle to "hedge" over the last couple of days.

https://texags.com/forums/57/topics/2721405/replies/56260045

"Thankyou for explaining it to me, i have a hard time keeping up with most of y'alls jargon. im just a dumb 24 year old"

The last time he asked about it... 10 days ago.

Any comments on some of the drug companies working on cures or vaccines? INO, MRNA, GILD, REGN, etc? Worth a gamble?

edit to add: For the long term.

So I see futures are back up due to the China news. I have a hard time trusting anything coming out of China regarding Covid numbers anymore.

I think there is some solid information in the link below from Chris Ciovacco that changed my mind about near term market movement (more to upside). This is not to say that we won't retest lows later in the month or year, just about where we are at as of Monday's close.

https://www.ccmmarketmodel.com/short-takes/2020/4/6/key-takeaway-from-mondays-session

- S&P 500's first higher high and higher low formed on Monday's close. Basic requirement of an uptrend.
- Market rallied and stalled at 263 last week (key level dating back to Nov 2018). Market rallied and closed above this resistance point today.
- S&P closed above the Bollinger centerline today, something it hadn't done since Feb 19 highs
- S&P closed above 200 weekly moving average
- Ten year yield working a higher low.

Bonus: We closed above the 38.2 retracement today (264.42 SPY).

OldArmyBrent said:

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Didn't ERI agree to a merger with Caesar's? What does that mean for the long term?

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I don't know much about Ceazars but Eldorado it a second-tier casino herein NV

Futures up 2.6%+

Now up 4%. Looks like it will be another good day.

Futures are BANGING

If you had the straddle play on SPY I did know that I shorted 50% of shares against the calls for $6+ lock in which is $4 above combined trade premium. Spoken about doing so to lock in guarantee profit and net free trade for remainder.

How do y'all feel about F and LEVI? I see that they have some serious volume.

DIS could see a resistance test above $106. I'd sell half of calls there but hold remainder to see if it breaks and then $112-115 would be likely.

BB675 said:

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How do y'all feel about F and LEVI? I see that they have some serious volume.

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If Ford doesn't drop dividend then the yield is great and coming off getting crushed gives some upside value.

LEVI will get a bounce.

Sitting at $4.95 bid on RUBI all premarket. Had a little over 1k shares filled then a 5k ask came at $5. Taken out.

Apparently those Saudi's know something...CCL up to 11.94 pre-market

I'm still pretty green to all this and have learned a ton from you guys. I've got a big sum of money I'm throwing in for dividend blue chips when we drop again.

I also have 3k in right now that I told myself when I did it would be for a 2 year play as we're building a house then and use that for stuff to fill the house like new furniture and other stuff blah blah. Anyways the goal was modest just doubling hopefully but I'm at 5500 pre market now. Should I pull out and rebuy on the fall to have more to play with??

We are gonna fall again right???

tam2002 said:

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I'm still pretty green to all this and have learned a ton from you guys. I've got a big sum of money I'm throwing in for dividend blue chips when we drop again.

I also have 3k in right now that I told myself when I did it would be for a 2 year play as we're building a house then and use that for stuff to fill the house like new furniture and other stuff blah blah. Anyways the goal was modest just doubling hopefully but I'm at 5500 pre market now. Should I pull out and rebuy on the fall to have more to play with??

We are gonna fall again right???

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Do you think we've bottomed? I think most of us dont and we'll retest that 220 range at some point and this ~50% retracement level should prove to be pretty strong resistance, so may be smart to pull some out now (I am)

When it comes to model T, which is more importantthe macro market or the individual stock? For example, you say that SPY achieved model T overnight. I've been watching MSFT and waiting for the model T on it to sell shares I bought at 243. Model T for MSFT was at 161. So with MSFT at 169 pre-market this morning, is that confirmation for that specific stock of a bullish move, or if a correction happens in the macro markets, MSFT just has a lower high for another bearish 50% retracement?

The Vegas entities are rocket shipping this morning. WTH

Baseball potentially in may. Im sure nba would be soon to follow.

It's all over buy buy buy

Most stocks like MSFT will achieve same and remember the momentum factor. You'll get overrun sometimes by a significant margin. Model T is what you calculate as your 93.6% guarantee to achieve. That doesn't necessarily mean it's the end of the run.

IrishTxAggie said:

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More signs pointing towards April 30 holding as the date to start opening things up (slowly)