This reminds me of Monday. Slow bleed down. Slowly forcing you out of positions, one drip at a time. Then what happens? They gap up and go on you…forcing you to chase back up.
This happens until the day that you decide not to sell. Or better yet, buy into it. Once they see you’ve recognized a pattern, they bust you.
Today started out on Rockstar status, then quickly turned to shit once the cheerleading started. Shame.
Oil under $40, potential outside day in $SPX. Retest of the breakout? Or something more sinister? (extra Keith Morrison)
If you enjoy the content at iBankCoin, please follow us on Twitter
Yep. I wish I booked TSLA yesterday. ‘Twas small at least.
Yellen talking seems to cost the market 0.5%.
I did hold my positions today though because every time I watch the market go down like it just did and my paper gains turn to small paper losses, I want to click the sell button to cement in those small losses…..that’s bad
I did book GOGO today at $2.60 though as it hit my price target
Oil below 35 by Friday.
Has KMI (extra POS) finally diverged from oil?
Waiting for TLT spike to sell into. As in reduce my hedge against TBT
WYNN saving my ass
Patiently waiting to reenter TNA (extra Jeremy)
As in Ron Jeremy ….
Can I post and then answer my post?
Yes you can.
Nobody’s really talking about it, but I think the Euro may have bottomed today, at least in the medium term. Has broken out of some channels I track and you can see a double bottom with Monday’s lows. If that is true, you’ll likely see oil reverse, and will see commodities and metals, all of which are at the bottom of huge channels, go higher. I think you also could see large US multinationals benefit.
I thought about that too with the few posts here about the Dollar today.
For fun, check this out: Euro futures in 2015.
http://tos.mx/xpBirO
EURUSD looks to still be trending down on the weekly chart to test the Feb 2015 lows around 1.048ish. Also lots of data due for EUR and Draghi to be bumping his gums it isn’t a stretch to test and break that low before bouncing back up.
Yeah, definitely could be the case. Just seems like the Draghi gum-flapping already is out there, and everyone is on one side of the boat.
Something more sinister.
There’s still a whopping 53 minutes left. In this market you could see a green close.
I was just thinking, markets have been trending down since lunch, buying opportunity into the end of the day if you are a fund manager
OA, any long chased yesterday is toasted. Gap up tomorrow?
That would be a pain trade. Unless you feel like people held into this move.
Most ppl don’t have steel balls, including me. But I want to buy something tightly correlated to the broad market. Burned too much watching market goes up and my position left in the dust.
Which positions?
X, TWTR, etc.
Ouch. No good ones?
Just saw Fly’s post about commodities. I find it interesting that the solar stocks are ripping tits today. Sentiment is important here.
this action late day does not look good – yellen + shooting = bad juju
70% in cash. Am I worried about missing a rally. Hell no. What am I risking on the upside? A lousy 15 S&P points? Long some $VRX, $PAH, $SUNE, $VHC (yeah, baby), $BLUE (looking dubious), $ABIO.