All you can do is buy this here, and get a stop to breakeven quickly.
I am long NASDAQ futures from 4134, and am inching my stop higher to try and lock in a gain.
More later,
OA
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Joined Aug 2, 2009
1,847 Blog Posts
Congrats to you. Too late to buy now for everyone else
Is that my fault? You called the rally, I just followed your lead.
Nope. Not at all. Held longs overnight and looked like crap at the open but recovered n nicely.
I saw capitulation not inn the indices but in several individual names. You see the same?
Nonsense….lots of folks are sitting on their hands. Crude moving thru highs of the day will bring in more buyers / short covering. Hammertime!
Great entry Jeff —
I predict that Jeff’s NQ trade goes +200 today
Me, too. Averaged LABU position and bought some calls, too. Middle finger up!
March 10s FWIW.
Walking into doctors saw 8.30 said fuck and went in. Didn’t pull the trigger. Let’s hope that this rally lasts for more than one day. Great trade man
I went long 1k SPY at 190.51. Nice reversal, looking to catch a move up to 200.
200??? A bit aggressive no?
I’ll take spy 193
Fully leveraged long this morning. Wish I would have waited 1/2 hour after the open but fuck it. God damn I hope this one sticks.
Good luck guys you are going to need A LOT of it trying to buy again. Bounce has no legs (see AAPL and $RUT). Thanks I’ll pass
Sold some DGAZ into that spike at inventory. /NG showing some support at Fib level 2.18
Still neutral on oil
Current TZA buy red, but currently own 3.5 X as much TNA from now 53.00
Jeff are you worried about everyone who’s sitting back and thinking “I’m gonna catch a rip and sell the bounce?” It feels to me like that’s the sentiment…
That is the sentiment out there. Absolutely. That was the same in Oct 2014. Now the big banks have all stepped up to warn the masses.
Feels like it leads to a race to catch the right sell point hence none of this shit sticks. Need to see some greed and some FOMO pile on for a rally to last more than a day.
But its the retail crowd that is chanting this for the most part.
Seems FOMO may take over at some point when buyers decide that this may have just been a 10% correction after all, and this may combine with recent shorts being surprised that the bounce lasts longer than a few hours.
Did you see AAII Bullish Sentiment was 17.9 today…lower than 18.9 in March of 2009
To sell or not to sell….
I hope people sell the rip as I’m looking for a nice entry. Missed the initial wave but I did sell my Euro before it got wacked. Come on people sell the rip!
Entry to short or go long?
firstly please reply to my comments as Chub…I’d prefer that way. Secondly I thought my comment was clear? Basically I would like to buy your shares at a lower price….would you sell them to me?
Chub is bad luck
LMAO. Nicely done, Chief.
LOL
Well that was laughable
Tried to buy more TZA around 60. TDAMERITRADE wouldn’t display charts or trade screen.
Let them know it on my twitter feed. Within minutes they were following me. Naturally about 10 minutes later I could easily buy for 1.50 higher.
Getting close to moving to Robin Hood and buying Exodus for analysis.
SCTY probing the 7 level of hell and thinking it isn’t bad enough…
Successful backtest / rejection of SPY 192 area. Was waiting for it! Close enough. Reloaded stop at 195
I don’t usually do this, but I’m pressing my short Natgas. Rebot 2x as much as I sold at slightly higher 14.06.
/NG rejected at 2.18 Fib level so far.
Summons the Chop !!
I think we’re still not out of the woods yet. We’re not tied to oil – we’re trailing the YUAN right now. Fundamentals haven’t been fixed yet; but it’s never a straight shot down. I think we head lower into the bell.
http://oi66.tinypic.com/juvf46.jpg