Hi traders. The Vix hit my “buy” signal that I outlined yesterday. Therefore, I covered some shorts, namely my best short MercadoLibre, Inc. [[meli]] , which I was shorting in the 20s. I’m not saying to get real bullish here, but if you’re searching for a countertrend rally, I’d start digging here. Using my strategy outlined yesterday, whatever oversold sector you buy today, make sure you set your stops to today’s low.
As for me, I bought Fly’s pick NOV, which has formed a nice 4-day base. However, I shorted SKF.
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intraday LoBV turned green almost the same time you typed this, as of SP 885
Sweet. maybe our indicators are linked. Hey look, market swinging up. BTW, i never saw that movie yet… LoBV.
You guys are pros. Keep up the good work.
haha I’ve never seen it either, I just thought it was funny. I don’t know why.
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Thanks AD
Gio, have a nice surf today, you hit the nail on the head! MSFT beat, sooo, you expect a spike in the am, after today’s positive finnish – long SSO – thanks
Looks like Danny is pot on also with his indicators – how far up you expect we go on Friday on SPX or Dow?
you’re turning into fly minus the vix thing. fundies mean jack squat in this market.
i take that as a compliment. thanks scum! hehe.
😀
VIX going to 100 looks like. Dow futures down 500 in overnight trading.
I can’t believe I closed out all my shorts.
I dont really pay attention to futures, but that’s a big number. We could get an opportunity for a reversal. Watch that “gap-down” trade i was talking about. If there is a move and tape tries to fill the gap, then you can start getting long setting stops to the day’s lows.