Volatility is still elevated and slowly ticking up. Be on guard.
It was within 5 points of where I had charted and hope this develops. Right now all the selling was quick consolidation on partial profit taking from big money. Money flow would balance out and continue upward unless it was the first salvo and that's what I'm wanting to determine as quickly as possible.BREwmaster said:Sounds right, I think he is also of the thought we hit 3900 before any sizeable pull back.McInnis 03 said:
Mancini seems to like the fact that ES is trying to push back to 3840, and he's of the thought that if we get back to 3840 the near term bottom was just had.
Yeah, may be a weird account thing. I'm chatting trade desk now. Wait time 1 hour.McInnis 03 said:
Somethings wrong there. You should only have to have power to handle the difference of the spreads
Prognightmare said:
Something tells me the close today could get very interesting.
yesbackintexas2013 said:Prognightmare said:
Something tells me the close today could get very interesting.
Good or bad?
Do you have margin on? I think I had that same issue before margin turned on.khaos288 said:Yeah, may be a weird account thing. I'm chatting trade desk now. Wait time 1 hour.McInnis 03 said:
Somethings wrong there. You should only have to have power to handle the difference of the spreads
Shundere said:
On think or swim when doing covered calls, so I have to choose covered stock instead of single when selling a call? Or does it not matter as long as I hold at least 100 shares of a stock?
Yep great call! I sold my lone spy put near the bottom today and bought a couple SPY calls on the dip, for play money (just sold them for doubles). These levels don't lie!oldarmy1 said:It was within 5 points of where I had charted and hope this develops. Right now all the selling was quick consolidation on partial profit taking from big money. Money flow would balance out and continue upward unless it was the first salvo and that's what I'm wanting to determine as quickly as possible.BREwmaster said:Sounds right, I think he is also of the thought we hit 3900 before any sizeable pull back.McInnis 03 said:
Mancini seems to like the fact that ES is trying to push back to 3840, and he's of the thought that if we get back to 3840 the near term bottom was just had.
Isn't this just pure conjecture? It could go on for another two years, or crash and burn tomorrow. No one really knows.Mostly Foggy Recollection said:
I'm still of the belief this is our last hurrah, especially with huge earnings reports this week. I expect a tear into close and a strongish week before you start to see liquidity dry and volatility sky rocket.
We are on the cusp of a correction. It may be a month or two, but it's coming. You can see signs this morning.
What % of your portfolio?Mostly Foggy Recollection said:
Well, in theory, anything can happen, so yeah, call it conjecture.
My view on the market is backed by things happening in it right now. I also talk to professionals who have the same sentiment.
Hell, I'm all for this thing rocketing to Jupiter, but I'm much stronger hedge positions than I've been in a long while.
Agreed. If you have a plan, stick to it closely right now, and don't get out over your skis.fightintxag13 said:
As one of the guys I subscribe to constantly says, we don't make money trading predictions. We make money trading price. I should emphasize that he says "trading" and not "investing."