You’ve got to love the process of forming a bottom. Discouragement on both sides of trade.
Our game plan is still in tact for this week, despite the fact that every element has been tested. Since the bears were unable to take this down here today, what does that leave for the pain trade tomorrow?
See you After Hours…
OA
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Waaaahooooo !!!!
Quite the opposite. tomorrow will be the day of the RUT. Long TNA.
rut ro (extra scooby doo)
Nope. Didn’t. Added TZA puts for the leverage
IWM will be 108 by Friday. I cover there. Good luck gentelman.
is 108.20 close enough?
pain trade is for a gap up. But prob gap up on all indices except $rut. :/ #discouraged
bigger question to the group, where does gold go from here? failed rally, retraced back to support which has held for last few weeks. do we break below it???
didn’t capitulate but shit myself… think it has to do more with the smoothie/green diet then the market though.
The market will tumble only when GPRO is down two days in a row.. though none of us will live long enough to see this.
WTF was that in the IWM just now?
Seemed like all the selling was only on that, none of the individual names on my screen reflected the same.
That was fun as hell
nice EOD drop, bears. dam u.
Rough close. The trade that hurts the most? My guess is either gap lower tomorrow that reverses or a flat open that ends up going up a little then dropping hard and reversing. Either way, I’m still sitting mostly in cash with a position on UGAZ as I don’t see anything compelling yet.
The GPRO calls are so good I forget how much everything else blows.
Tomorrow we will gap high in the am, gap back down lower again in the pm and then prob gap wayyyyy up until we are all pass out from the motion sickness.
nope
At least I could extricate myself with dignity intact from a position in PBA as oil and associated industries slowly ebb away
not capitulating. all positions still in play from my POV. feel like my timing was a little early on some but within playable boundaries.
When is it time to capitulate? We should go capitulate now as the top is definitely in but stocks are guaranteed to go at least 30% higher from here so we should go long.
You’re welcome, everyone.
^ if sarcasm wasn’t sensed, then please let me disclose that here
That was confusing as hell – glad you clarified.
Not capitulating, just frustrated at the thought of probably needing 2 months to dig out of the drawdown and get back to profit city.
Sentiment is really bad out there. Surely by now the man behind the curtain has shaken out all of the longs and sucked in all of the shorts that he wanted to. Doubt has sure crept into my mind. I’m mentally done. Either my longs bounce back or a lot of them go to zero. I can’t capitulate because I know it’s the wrong move. Will the market reward me or continue to bleed me dry? That is the only question.
right there with you both, matt_bear and QCI.
Is what it is. At least we’re all in this together, titanic style.
Confirmed case of Ebola in the states. Wonder how the markets will handle this? If we’re down big tomorrow, I’m the fuck out.
TKMR seems to be taking it well.
I knew I shouldn’t have been so lazy in looking for a publicly traded Ebola vaccine company.
CRASH tomorrow with no dips being bought
Dear initiative seller: I’m not selling a single fucking position. Have a good day.
Circuit breakers will be triggered during tomorrow’s true capitulation
Things don’t look great out there. I bought Oct puts in C at the close.
Wow. Some of you need to step outside for a break. Bad day, but hardly the bloodbath some of you suggest. Somebody big is selling oil now that we have don’t have a crisis in the Ukraine or Middle East for the time being. We are still nail biting over the Fed raising rates next year. A case of Ebola in Texas was confirmed for a patient in isolation.
Sentiment turned bad because more fearful sellers or greedy shorts are there than nervous buyers.
The likely trade tomorrow is an early gap down to be filled later in the day or on Thursday.
Seems like every day people are saying the pain trade is a gap down. At some point, buyers need to show conviction to be worth making bets with calls.
Powerful descending triangle forming, if the S&P futures don’t break & hold 1980 tomorrow we’re heading for 1900
Good eye on the descending triangle. Not to be gloom and doom, but the triangle pattern could continue to close and price continue down to the 50% even, 61.8 around 1945 and still be considered a bullish pattern. Not what I want to see either, but gotta look all the angles.
HYG traded well today. In the end it is high yield that runs the show. The indices could dump out a bit more for sure, but the world did not end today.
+1
What does capitulate mean? 🙂
I think for sure the pain trade is a big gap down tomorrow. Maybe some traders are short but definitely not the majority of investors.
gonna be one hell of a day tomorrow. I’ll be watching the NQ very closely as it will now be the tell…not the IWM. If the Q’s start selling it’s going to get nasty but if it outperforms and hangs on again we could get an area to trade off long. However, this feels a little more sketchy than the August sell to me and I still think the NQ goes to 3970 area before a bounce.
why not the IWM? all that’s been talked about on this blog and AH lately is the IWM this and that. And how that it cracked today, it’s not important?
Futures already trickling down. doesn’t look good.
Did you catch After Hours? This was discussed…NQ/TF.
Vivint Solar prices IPO at $16, the low end of the range
Wow, iBC wouldn’t let me post a link to really cool free tool that I came across where you can get seasonal returns for a stock. Lame, but I guess I get it. Anyways, GOOGL has posted an average return of 10.6% over the past 9 years, by far it’s best monthly return. The frequency of the gain is 78% of the time. Definitely makes this stock even more attractive.
10.6% return in the month of October I meant to say. April clocks in at 6.3%, 67% of the time for the second best month.
You are upset that the website won’t let you post your tool?
Remember I told you it would happen on Monday. Still stand by that. Weekly SPY puts are going to pay huge!
Sethster,
Unfortunately I recall everything you’ve said. You’ve been terrible in the past on this subject. Therfore, I don’t really consider your opinion to be worth much on this topic…but thanks anyway.
WAY TO GO ROYALS!!!
Today is going to be fast…..the question is which way!
We have become the nation of hyperbolic question headlines tossed at us from every media angle fanning perpetual anxiety and fear. We coyly are asked is the Fed behind the curve of combatting crippling inflation? Will gold and oil prices collapse with roaring King dollar? Nevermind that those questions are cognitively disconnected. Ebola, Putin, Ukraine, Isis, Hong Kong protestors….queue the old REM song, it’s the End of the World as we know it. Get a grip, folks. Have a shopping list and some cash?
OA, what are your suggestions on buying into VSLR? Wait and watch to see how it opens?
I want the TF to be the focal point because it’s the one diverging .30% higher than the NQ. Why’d you guys have to say ignore the Russell when it’s finally diverging positively? 😀
Who said ignore the russell?
Buy the SCTY dip. 😉
buckle up
Looking for a bid – anyone?
There it is
a river in egypt
Lemme guess. We re goig to ask wut trade brings the most pain and everyone will say gap up for the third straight day
Shut up.
+1
woooshhhhhh. OA- looking forward to your shopping list. But this put me in all cash mode for now.
Well, you could say things are starting off good… lol
no real support here, should get a bounce 1945 in the ES.
OA – you weren’t kidding about this JDST trade being volatile – interesting dynamics and market forces right now tearing at the commodities
I so want to sell, but we are right fucking there.