agree. it's bad. had to have a higher low today for any hope imo.
are you going to hold any puts or vxx?IrishTxAggie said:I've been in all cash since yesterday. I'm day trading for now. This is not the time to be holding options overnight. Especially not over the weekendChallenger 17 said:You going to exit all positions and go to cash to wait and see what happens?IrishTxAggie said:
No trader in their right mind can look at this action today and have any bullish sentiment in the near term.
No on the VXX. Have some long dated puts that are net free. Honestly, we close here or lower and I think we open Monday green. I didn't expect the SPX to fade 100pts from it's highs.willjohnathan said:are you going to hold any puts or vxx?IrishTxAggie said:I've been in all cash since yesterday. I'm day trading for now. This is not the time to be holding options overnight. Especially not over the weekendChallenger 17 said:You going to exit all positions and go to cash to wait and see what happens?IrishTxAggie said:
No trader in their right mind can look at this action today and have any bullish sentiment in the near term.
I think this means the same thing I heard yesterday from a couple of traders - the lows do not happen on Fridays.$30,000 Millionaire said:
Friday's rarely close on lows. Next week is OPEX, so bounce somewhat is likely. I feel like this is a time to wait. I want to sell, but from higher up, and I want to buy, but from lower.
posted that so y'all'd get a reversal.McInnis 03 said:
Everything is lining up for a very red finale. TICK is staying negative, TRIN is trending up, VOLSPD heading way down, and VIX is slowly climbing. When they're all in alignment, that can make for a move.
stxag8 said:
Crazy battle for 300
TriumphForks said:
Anyone else holding ONTX? Got in yesterday at $.60. Thinking of bailing. Really don't want to be a bag holder here.
TriumphForks said:
Anyone else holding ONTX? Got in yesterday at $.60. Thinking of bailing. Really don't want to be a bag holder here.
looking that wayIrishTxAggie said:
Changing my tune to clay's call for a ramp up since that sell couldn't sustain down to 2970. My short term outlook of being sell bias remains though
remember the "test" on robinhood when you applied for options? Where it was like "you bought 100 shares of a stock and it went down 50% on no news, do you A: sell and cut your losses B: Hold and see what happens C: Sell a kidney so you can buy more" and the "right" answer was Cdjmeen95 said:TriumphForks said:
Anyone else holding ONTX? Got in yesterday at $.60. Thinking of bailing. Really don't want to be a bag holder here.
I got in at same price and just cut bait. Took a little loss. Just didn't feel like holding on through the weekend. So.....-it'll probably now shoot to record highs. Lol.
Trying for $303 again. EDIT: Got it. Let's get $305 to close out.59 South said:
Very messy but close over 305 would start to clean up the mess
Boat Shoes said:
We're not getting a flush today because that would be too good for me.
Bob Knights Liver said:Boat Shoes said:
We're not getting a flush today because that would be too good for me.
No sir! You deserve pretty things too!!! Flush has been ordered.