Anybody taking advantage of Coronavirus?

BMF

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S&P at 3342 in early trading. I'm guessing it closes higher.
 

Concrete Helmet

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Alright I haven't run off and buried my nerd profits yet and the EDT and LT's are absorbing the tech nerd tantrum....thank you whoever b!tch slapped that 10yr back into place...I'm still on ditch alert until I see at least 3 straight days of up from either Industrials or Financials
 

Detroitgator

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Alright I haven't run off and buried my nerd profits yet and the EDT and LT's are absorbing the tech nerd tantrum....thank you whoever b!tch slapped that 10yr back into place...I'm still on ditch alert until I see at least 3 straight days of up from either Industrials or Financials
Oil be bitsch slappin' Financials (and markets in general)...
 

BMF

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NKLA is up 49+% today! Wow. I think it goes up more once they get near production. I'm in it at around $39.50/share, it's at $53+ now (127 total shares).
 

FireFoley

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[QUOTE="Detroitgator, post: 1121512, member: 195"]Oil be bitsch slappin' Financials (and markets in general)...[/QUOTE]


I do not think that oil is on life support any longer. It is officially dead.
 

Gator By Marriage

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    • Key support is 3349. As long as the SP500 stays above 3349, bulls are in charge.
    • Market would push up to 3612, possibly overshoot to 3653.
    • If this happens, we probably get another pullback to the 21 EMA, which would be at about 3580, then we reassess.
  1. Less likely: we have topped:
    • Assuming we have topped.
    • Would likely see a bounce up towards 3500-3540, then sellers would take control and push us down BELOW last week's low at 3349 and lower. A break of 3349 would be the #3 above (break lower out of rising regression channel) and we would be in the big Wave 2 correction.
So, we're looking for confirmation this week on where we are at and whether we're going with scenario 1 or 2.

I will likely go long again tomorrow, but not in a big way until we get confirmation. Then I'll go in big again, whether it's bullish or bearish.
How now brown cow? 3331; are the Bears now in charge?

(Not meaning to be douchey; this past week has been interesting to watch, and as much as I love busting your chops, you have been pretty much, as Lisa Marie Vito would say, "dead on balls accurate.")
 

Detroitgator

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How now brown cow? 3331; are the Bears now in charge?

(Not meaning to be douchey; this past week has been interesting to watch, and as much as I love busting your chops, you have been pretty much, as Lisa Marie Vito would say, "dead on balls accurate.")
well, we officially closed below the bottom level of support and outside the upward regression channel. That is now 2 out of 3 signs. I may put on a small short (inverse ETF) position in the morning, but I'm still sitting tight in all cash and no positions. Discretion is the better part of valor here...
 

Concrete Helmet

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well, we officially closed below the bottom level of support and outside the upward regression channel. That is now 2 out of 3 signs. I may put on a small short (inverse ETF) position in the morning, but I'm still sitting tight in all cash and no positions. Discretion is the better part of valor here...
Does this mean I still have to pay you like the other DB that does worse than me with most of my money....
 

BMF

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Wow, the S&P made a little comeback after I posted around noon, then took a deeper tank before the close.

Any thoughts on selling S&P index funds?
 

Detroitgator

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NKLA is up 49+% today! Wow. I think it goes up more once they get near production. I'm in it at around $39.50/share, it's at $53+ now (127 total shares).
How did you get in at a $39.50 basis?
 

Detroitgator

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OK, highly speculative, but when SP500 hit 3412, I put SMALL toe back in the water with SSO, UWM, QLD, and UCO. I've done dumber things. ;)
 

FireFoley

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OK, highly speculative, but when SP500 hit 3412, I put SMALL toe back in the water with SSO, UWM, QLD, and UCO. I've done dumber things. ;)

Good luck with that. That last hour was a poor close for what looked like a strong day, but I am not sure how much of that matters anymore from a day trading angle. Look at yesterday. Closed on or near the lows, have a big up opening, which would have been a good shorting opportunity if the market was in a weak trend, but you would have gotten skull fkked. The only thing that seems consistent is that the money center banks suck dogs balls, LOL
 

Concrete Helmet

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Yeah today kinda sucked...sold half my stuff last night before going to bed including about 1/3 of my growth/tech...check futures this morning and decided to dump half the cash into 60/40 retirement fund at open....get swamped at work with hundreds of recordings from slackers at post office and county tax collectors office....look up at 12.00 and start cussing and grabbing some stuff I sold last night at $2-3 a share higher than I sold for.....:facepalm:

Yeah so much for staying outta this sh!t until the election....:lol:
 

Detroitgator

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Dow was set for triple digit down open... Legarde steps in 30 minutes ago and BAM!

While I'm happy to profit, this whole thing is going to be very, very toxic.
 

FireFoley

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Dow was set for triple digit down open... Legarde steps in 30 minutes ago and BAM!

While I'm happy to profit, this whole thing is going to be very, very toxic.

No one has been beating the drum louder than you regarding there is No Free Markets. It is all manipulation. The ECB is just as guilty as our FED and Treasury.
 

Detroitgator

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No one has been beating the drum louder than you regarding there is No Free Markets. It is all manipulation. The ECB is just as guilty as our FED and Treasury.
The ECB is a wholly owned subsidiary of our FED.

This is why i pick on Crete about "payroll reports"... they used to matter, but the only signal wall street needs is from central banks, period.
 

Concrete Helmet

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We're in the 2 slowest month's(Aug.-Sept.) of the calendar year for about 80% of total businesses and NY, Ill. and Cal. remain 3/4 of the way shutdown. Anyone expecting initial claims are going to drop before the election(Cal., NY, and Ill. will all mysteriously reopen around the 4th of Nov.) has to be hitting the pipe....The market will be on rinse and repeat cycles until then...
 

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