Oil be bitsch slappin' Financials (and markets in general)...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
How now brown cow? 3331; are the Bears now in charge?So, we're looking for confirmation this week on where we are at and whether we're going with scenario 1 or 2.
- 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.
- 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.
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.
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...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.")
Does this mean I still have to pay you like the other DB that does worse than me with most of my money....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...
I haven't put out a single update that didn't either make money or prevent from losing money.Does this mean I still have to pay you like the other DB that does worse than me with most of my money....
Do you read anything in here, or just post? ;)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?
How did you get in at a $39.50 basis?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?
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. ;)
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.
The ECB is a wholly owned subsidiary of our FED.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.