Unemployment numbers lower than expected.
Another $2.5T in free money.
Market tanks.
Welcome to 2020.
Another $2.5T in free money.
Market tanks.
Welcome to 2020.
Stock Markets
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Last: 3 hrs ago by flashplayer
Haha. If there was ever a time for everyone to realize the market is fake, and controlled by the Fed, this is it. PPT and the Fed trading desk are real things. Its partially why quant systems work.
Another 6.6mm unemployed, market spikes 30 points.
Another 6.6mm unemployed, market spikes 30 points.
3x mover. if you are a confident bull or bear and you like the price, i would say use it. I used for short term trades.texagbeliever said:
Rookie here, is buying spxs considered a dirty hedge for your investments? They should counter to a degree what you have invested by moving in the opposite direction.
RSI is right in the middle so it is not extreme situation I would use
Being reported as 6.6 million - same as last week. Sounds like we simply can't process more than that in a given week, which could be scary as well.
Market went up about 300 points on the news of the data. Lower gains a little now but it was a very quick pop.
What were the expectations you saw? I didn't see any.
Market went up about 300 points on the news of the data. Lower gains a little now but it was a very quick pop.
What were the expectations you saw? I didn't see any.
I believe the market was looking for 5milCarlo4 said:
Being reported as 6.6 million - same as last week. Sounds like we simply can't process more than that in a given week, which could be scary as well.
Market went up about 300 points on the news of the data. Lower gains a little now but it was a very quick pop.
What were the expectations you saw? I didn't see any.
Carlo4 said:
Being reported as 6.6 million - same as last week. Sounds like we simply can't process more than that in a given week, which could be scary as well.
Market went up about 300 points on the news of the data. Lower gains a little now but it was a very quick pop.
What were the expectations you saw? I didn't see any.
I personally, would not use a leveraged ETF for anything more than day trading or a couple of days swing trade. Before jumping in, do some research on how leveraged ETFs are rebalanced daily, and what that can mean over the long term, if that is your horizon.texagbeliever said:
Rookie here, is buying spxs considered a dirty hedge for your investments? They should counter to a degree what you have invested by moving in the opposite direction.
1.6MM over target yet the market goes green...odd
Agreed...I may hop in if we get to 280 today as a daily tradeGreasenUSA said:I personally, would not use a leveraged ETF for anything more than day trading or a couple of days swing trade. Before jumping in, do some research on how leveraged ETFs are rebalanced daily, and what that can mean over the long term, if that is your horizon.texagbeliever said:
Rookie here, is buying spxs considered a dirty hedge for your investments? They should counter to a degree what you have invested by moving in the opposite direction.
The market is throwing darts at new claims right now. Everyone knew it was going to be bad, but 6MM isn't materially different from 5MM (unless you happened to be included in the incremental 1MM).
Carlo4 said:
Being reported as 6.6 million - same as last week. Sounds like we simply can't process more than that in a given week, which could be scary as well.
Market went up about 300 points on the news of the data. Lower gains a little now but it was a very quick pop.
What were the expectations you saw? I didn't see any.
I was mostly just joking, I have no clue how this day will end, but this is the number I was looking at.
Gotcha thanks. Now DJIA up over 300 and rising fast. I learned via trial by fire today.
GreasenUSA said:I personally, would not use a leveraged ETF for anything more than day trading or a couple of days swing trade. Before jumping in, do some research on how leveraged ETFs are rebalanced daily, and what that can mean over the long term, if that is your horizon.texagbeliever said:
Rookie here, is buying spxs considered a dirty hedge for your investments? They should counter to a degree what you have invested by moving in the opposite direction.
Thanks, I was looking at it as a short term mechanism but that me be me bitint off more than I can chew. I got lucky (because I was lazy) and had most of my savings in cash so I've been putting it in pieces these past 10 days or so trying to avoid the stocks that recovered faster.
10% unemployment rate
**** Corona
**** Corona
I don't think we test the lows again now but we'll drop again. W recovery with a huge bubble on the back end and interest rates low forever.
I heard JPM Q2 GDP forecast is -41%
jj9000 said:
You think this was coordinated with the unemployment data?
Nice timing.
Additional $2.5T on the heels of $2T tells me things are really really bad.
Yeah which is weird. The market usually sees through that BS but since I'm short it's up we go without any issues
jj9000 said:
You think this was coordinated with the unemployment data?
Nice timing.
Additional $2.5T on the heels of $2T tells me things are really really bad.
Absolutely. Not only that, the data is being gamed.
1. Most daily volume is systematic/quant computers.
2. Any decent quant system constantly incorporates new data every minute.
Upon a volume spike, price move, massive breadth ratio up, etc etc, what will a systematic strategy do? Chase the long. Fed/PPT is giving an artificial pump when these unemployment numbers are released to game the data and manipulate computer volume to prevent market from falling.
could it be that there were more temporary than expected, thus, not as bad as they expected?gougler08 said:
1.6MM over target yet the market goes green...odd
Saw 2,774 on S&P jus now. Getting close.
Be ready on USB to sell those calls today
is it likely they did this yesterday also? We had breadth, 90% up day, and the A/D lines crossed. All positive that the break through of resistance is real (or made to look real).
ryanhnc10 said:jj9000 said:
You think this was coordinated with the unemployment data?
Nice timing.
Additional $2.5T on the heels of $2T tells me things are really really bad.
Yeah which is weird. The market usually sees through that BS but since I'm short it's up we go without any issues
Power of Model T
That 1.6 million but of aapl 270 calls looking right on the money.
So when are you shorting? I've been sitting on the sidelines options wise, and think its about time.....
oldarmy1 said:
F'n epic
So say we do hit the Model T at $280, you but a put a month out or so around $250, a 10% drop?oldarmy1 said:
Took profits on OVV and LADR Tues... both up another 20% since
Holding SPY 275 and 280 calls
Sell at the open or let it ride....
Sell at the open or let it ride....
Every knee shall bow and every tongue shall confess
$1.75 is my targrt area for those USB calls
FYI
FYI
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