I am not much of a “levels” guy…but under 1880 lies something you want no part of.
This is a stretch of epic proportions. There is one last gap at 1884 in the SPX that hasn’t been filled, and a cliff just underneath.
Stay frosty, friends.
OA
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Was only a matter of time. Epic bull trap yesterday and this morning. Awesome stuff.
Well I guess that wasn’t a bottom yesterday…
It was if you’re a bear lol
FIRE IN THE HOLE!
Capitulation. It’s about time. Let’s start a war in the middle east and rally
So u r long oil?
fuck oil. long 3k labu below 10.
labu about to join all the other long 3x ETFs in the single digits club. horrible.
UGHT-0
I guess bulls had their chance to get out yesterday. here we go…
was that capitulation???
Love so many quality stocks here. BAC, AAPL, DIS in retirement. Apr calls in each. Also buying IAT and SPY.
doubled up my svxy at 39.16
Ilhahahahahahaha
The Fed are too dumb to sensibly halt this market sell off by cutting rates back to 0.
Maybe it’ll get so bad that we get QE4. I’ve been saying for months.
Welcome to the 1800’s folks.
During the day I added to SCO, TZA, & DGAZ.
the bulls need to pull a major stick save here or we have a -1000 point dow day coming.
It feels like there is some news ready to come out that is going to rock the system.
Feels a lot like 08 right now.
yup. 2008 analog.
scary thing is Fed has no more bullets in the gun to save this market.
Yea, weekly volume by price doesn’t look so great just below here…
I’ve been a bull for five years. Since December, a bear.
This market will go below 1880 with Astroglide. Sadly, I’m eyeing below 1800 as a potential entry point in the next 30 days.
For what it is worth I just noticed that the tick extreme today measured lower than the tick extreme in August flash crash(!). Maybe a good counter indicator???
this a bear market bud.
rally on bud.
covered all my SPY puts. may live to regret this tomorrow morning when I wake up.
fok. regretting it already.
tonight will be a fun session!
Texas and oil produced more than 50% of the job recovery since the great recession.
In other words, without Texas and oil we go back into recession.
$SSO into the close. The fear is too strong to not take a shot long.
Levels are good, structure looks fine, speed is good, wedges look awesome buy buy buy. Am I on the right blog??? Think so.
I’m with you
Prediction, 2018 someone will be saying how he KILLED with shorts an Puts in 2016. Only nothing will be said of how it started way before he saw it. BUY buy buy bye
Are you referring to me?
Every time in the past, I was right. We rallied.
Rally on tomorrow
GPRO announced job cuts and Q4 miss. Halted until 4:40PM.
iBC bloggers are going to jump off of their roof tops, especially after beating their chests about this company.
Haha. Seriously. jokers. guess it wasn’t oversold after all
AMBA… Ooooff
PAIN
but but the record short interest?! Sorry – had to 😛
Lol
You troll bro?
Don’t know how you deal with all this shit. As if anyone could predict every event in the market with 100% certainty.
Jeff why are you so touchy. Sometimes I read the comments and I just don’t get it no ones gonna get it right all the time. But I love and respect your opinion. Just let it go bud!
Touchy? Where? Me and that old kook have a weird history. He can go fuck himself.
How have you been?
Look, they made a movie about CNBC: http://www.imdb.com/title/tt2241351/?pf_rd_m=A2FGELUUNOQJNL&pf_rd_p=2386366342&pf_rd_r=0WAX6AXW9DASQFBYDE9P&pf_rd_s=hero&pf_rd_t=15061&pf_rd_i=homepage&ref_=hm_hp_cap_pri_2&pf_rd_m=A2FGELUUNOQJNL&pf_rd_p=2386366342&pf_rd_r=0WAX6AXW9DASQFBYDE9P&pf_rd_s=hero&pf_rd_t=15061&pf_rd_i=homepage
get rally for the rally of all rallies!
Boom shakalaka!!! It’s go time
Next Fib level down in /NG is 2.18. Inventory 2day.
Oil still deciding it’s fate. I had changed my mind and went neutral based on yesterday’s inventory report. Expecting more selling and new lows into next report.
Must buy dips in the long bond for now with yesterday’s breakout above 123.50. TBT must live to fight another day.
Will look to buy dips in TZA.
Saw nothing overnight to change this.
I actually like this morning action but markets don’t bottom on a gap up after this type of selling.
I wonder how many traders have been knocked out the game trading Oil over the last year.
Feels like capitulation in many names. Bios getting absolutely slaughtered
The inevitable panic now that yesterday’s lows have been broken. Probably a good spot for a motivated buyer to step up.
Anyone know what OA been doing? Buying yet? Awfully quiet
Long NQ 4134, stop at 4134.
Haha. You stopped out yet?
Added to TZA premarket @61.97
Bot TLT as a hedge against my TBT @ 124.97
Waiting to add to SCO