Is everyone all bearish for tomorrow?
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Last: 4 hrs ago by Heineken-Ashi
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Just over here with my $100 in puts hoping for total economic collapse
$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
I don't know. Stuck between two gaps. Can't trade tomorrow so I'm fairly agnostic. I did however not sell my Feb VIX calls yet, so I guess I do have some bias towards volatility.
not unless we lose 3900. that firmly breaks the two recent patterns
Going full port short on open tomorrow.$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
Sidelines for tomorrow. Puts were already in place expecting todays action. Yesterday was classic fake out. Probably trapped some longs by delaying the drop. Should have maybe been expected. Fundamentals aren't getting better, even if they're not getting worse, and consensus was more bearish than bullish, but there were enough bulls and positive sentiment. Beer candles formed a new downward trend on daily today and weekly isn't looking promising for bulls (can easily flip though, but I want to see it prove before I engage upward).
Oil is looking good for bullish sentiment. No idea when it really takes off. But I think it ultimately does.
The real surprise was sudden weakness in gold and silver today. Wanted to see it show strength amid equity weakness. Always careful with those. When you get most bullish the rug always seems to pull out. Maybe this time is different. Hold support and explode hopefully.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Heineken-Ashi said:$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
Sidelines for tomorrow. Puts were already in place expecting todays action. Yesterday was classic fake out. Probably trapped some longs by delaying the drop. Should have maybe been expected. Fundamentals aren't getting better, even if they're not getting worse, and consensus was more bearish than bullish, but there were enough bulls and positive sentiment. Beer candles formed a new downward trend on daily today and weekly isn't looking promising for bulls (can easily flip though, but I want to see it prove before I engage upward).
Oil is looking good for bullish sentiment. No idea when it really takes off. But I think it ultimately does.
The real surprise was sudden weakness in gold and silver today. Wanted to see it show strength amid equity weakness. Always careful with those. When you get most bullish the rug always seems to pull out. Maybe this time is different. Hold support and explode hopefully.
Carsan is calling for chop/sideways to down from now till Jan 10th. Not sure the significance of that date but that's awfully specific time to call for a counter trend rally.
I think closer to the end of the month we get, the more profit taking we will see. Maybe chop, here til Christmas, but after Christmas...
Hold onto your puts!
Hold onto your puts!
perma Brew doomster said:
I think closer to the end of the month we get, the more profit taking we will see. Maybe chop, here til Christmas, but after Christmas...
Hold onto your puts!
Profit taking?!? Who made profits this year? Maybe the few who spotted the solar panel breakout/moonshot?
I expect more tax loss harvesting which I think is what you mean ;-). Lol
No need to tax harvest if your losses > gains for the yr.
Agree with you there. Retail doesn't have any gains to tax loss harvest and most funds do theirs in November. So this won't really impact much in my opinion.
No. I think small green back up slightly.
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$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
Where my bear gang at?
Quite the overnight move. Oversold IMO now.
You don’t trade for money, you trade for freedom.
Into the gap we go. Chart posted a while back to watch for the gap to fill.
We….are….here
We….are….here
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Just fill the gap at this point
FJ43 said:
Into the gap we go. Chart posted a while back to watch for the gap to fill.
We….are….here
Just how low can $WWR go?insulator_king said:I lowered my cost basis to $1.50/share now.Ags2013 said:
Am I the only idiot still holding WWR?
Yee Haw!
0.84 now. Look out!
you know what I meant, lol. sorry brain thinking about making money, but yeah, selling before year end - and lookie there, big red open.
Charismatic Megafauna said:$30,000 Millionaire said:
Is everyone all bearish for tomorrow?
Where my bear gang at?
insulator_king said:Just how low can $WWR go?insulator_king said:I lowered my cost basis to $1.50/share now.Ags2013 said:
Am I the only idiot still holding WWR?
Yee Haw!
0.84 now. Look out!
We will open around -2 ATR on SPX. We ironically gapped over the previous gap and have created a larger one.
The last couple of OPEX sessions have had short squeezes. We are probably due for one.
I don't have a clean bias of what to do with where we are. If I were leaning one way right now it would be long with stop at overnight low, but I think it's likely to hit that again in the first hour.
When you don't know what to do, you wait.
The last couple of OPEX sessions have had short squeezes. We are probably due for one.
I don't have a clean bias of what to do with where we are. If I were leaning one way right now it would be long with stop at overnight low, but I think it's likely to hit that again in the first hour.
When you don't know what to do, you wait.
You don’t trade for money, you trade for freedom.
Is WWR worth launching a scud at at this point? High risk reward play? I have zero right now.
While it's possible we can go lower in a reactionary move, I tend to view it as lower probability because of how much we have sold.
Lots of people are going to be gloomy and not interested in being long.
Lots of people are going to be gloomy and not interested in being long.
You don’t trade for money, you trade for freedom.
Fightin2010 said:
Is WWR worth launching a scud at at this point? High risk reward play? I have zero right now.
You can only lose 0.84 a share.
You don’t trade for money, you trade for freedom.
Well actually it's $1.41/share in my case.$30,000 Millionaire said:Fightin2010 said:
Is WWR worth launching a scud at at this point? High risk reward play? I have zero right now.
You can only lose 0.84 a share.
Really interesting. Nasdaq vs qqq
You don’t trade for money, you trade for freedom.
insulator_king said:Well actually it's $1.41/share in my case.$30,000 Millionaire said:Fightin2010 said:
Is WWR worth launching a scud at at this point? High risk reward play? I have zero right now.
You can only lose 0.84 a share.
What was it about this report the market didnt like? WWR tanked after its release.
https://www.businesswire.com/news/home/20221206005264/en/
Fightin2010 said:
Is WWR worth launching a scud at at this point? High risk reward play? I have zero right now.
If you look left it has major support down around fifty cents. It has no catalysts coming until (if) that plant opens.
I think it's absolutely going down to that .50 area, why buy now?
$COST could get some momentum.
You don’t trade for money, you trade for freedom.
Really volatile.
You don’t trade for money, you trade for freedom.
I sold 3890/3900 put credit spread.
You don’t trade for money, you trade for freedom.
I cut OXY a while back. It's the beta stock of the oil names. If oil rips, they all move up but OXY does it more. Same for if they drop of course.
I'm waiting for it to get to 60 and planning to start adding 70s in either Feb or Mar or both.
I just don't see the demand destruction happening that would usually suppress oil prices... but I do see supply issues.
I'm waiting for it to get to 60 and planning to start adding 70s in either Feb or Mar or both.
I just don't see the demand destruction happening that would usually suppress oil prices... but I do see supply issues.
$30,000 Millionaire said:
I sold 3890/3900 put credit spread.
Well, probably not gonna work out.
You don’t trade for money, you trade for freedom.
$SPY 374 gap fill on deck?
If that happens then I think we could Xmas rally back to 395 or so... then new year plunge?
If that happens then I think we could Xmas rally back to 395 or so... then new year plunge?