Well, you all got that “gapped down” open I was alluding to, together with a better looking Vix spike to the high 80s, right at the open! Today is a good opportunity to start some positions in oversold sectors for a possible relief rally. Remember, keep the trade simple and set your stops to the day’s lows just in case it doesn’t work out. Again, I am not saying its a good time to invest in the long term, but am just stating the possible ways to trade this market.
The only thing holding me back from getting aggressive is we have the Fed meeting next Wednesday. That brings the kind of volatility that shakes most traders out.
For now, we at least have 8256 on the Dow as a critical support. Also, I am watching to see if the Dow can break 8457 near the close (which would be bullish). Volume so far has been very light, so we could see some velocity into the final hour.
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8500!
HK now green. a m a z i n g.
this market is a cocktease. keeps telling you how great it will be when you get to fuck it, but then never lets you in.
^hahahahahahaha
best comment of the day, week, hell, maybe two weeks.
I don’t know OnTheOtherHand… most people are getting raped by this market.
i need Dow above 8457 at the close. that would be above the water.
If you had flipped HK that would have been amazing timing. It was great as it was.
UYG went vertical for a while.
CRASHING AT THE CLOSE WHEEEEE!!!!!!!