Stocks are pretty wound up here, and bonds are slowly grinding higher. With oil at session lows and no other leadership being offered up here, its starting to look pretty dire out here.
Are you trading this, or just watching?
OA
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pain trade would be blast up through close. feels like bulls are throwing in the towel.
Trading SPY on the bullish side using the 10 day SMA and MACD. It’s keeping me out of trouble. Also took a position in $MJN in the low 70’s have been stalking since the Bloomberg article earlier in the month. Has a decent moat, potential acquisition target from a Euro company. ST target is $75.
Appreciate your work.
not much to do but pray. selling has begun.
Completely expected.
1/4 position oil long. Selling above 32, Buying below 27
50% of my TBT exposure is hedged, not counting the calls I’ve selling. Patiently waiting for Grandma’s theory to play out …
I did slap a little TZA at 67.74 this morning. However I still own 3.5 times as much TNA.
I am not buying puts on my stocks purchased between Nov and today. The latest being AMT.
Dying to buy more oil here for at least the next year… which may mean we see a move down to 20. I do know that a few of my stocks are holding up ok. Wont do much else here. Still want TSLA and AMZN for long term account.
AAPL closed Monday and yesterday at 94.99 – looking like it is trying to make it a 3-pet performance. 95 seems to be the line of control for the past 2 weeks …..
Financials are trading at a discount to the market for obvious reasons. How can I find out which banks might have the highest exposure to the oil debt ? And counter intuitively wouldnt they rip hardest IF oil ever rallies ?
Zero Hedge has a number of articles on the subject. From what I remember, the smaller regional banks have limited reserves
Watching. And only because I don’t like shorting.
Watching HES as usual. Up on a down day.
So it’s time to start buying oil companies now that the longs are throwing in the towel.
Watching now.
Day traded some $SPLX. Two winners. Losing day trade on $LABU. Net OK gain for the day. Don’t want to hold overnight.
Watching… my account dwindle to nothing. I am sure the market will rage higher as soon as its buying power has been reduced to ashes. Then I will throw in another few thousand to rinse and repeat. Or swear it off completely.
I gotta lot to learn about trading TSLA. Sold the rest of my TSLA in the after market at 153.05 from a 144 entry. Left a lot on the table. Still a profitable trade.
Nice trade.
Trading TSLA into earnings is pure gambling. Numbers take second place to Musk’s comments which are totally unpredictable.
Market is total dog shit. Still see no reason to buy anything yet. Been tough to sit on sidelines all year but I am pretty sure stepping in will yield losses
Day trading has been phenomenal. We’ve knocked down some huge wins. We’ll be doing a session on day trading tomorrow in AHWOA if you want to give it a shot.
Nice. It’s been hard staying in cash. I haven’t had much time to do anything though. Still meeting with doctors about my son’s spectrum diagnosis and reading a lot about it.
Buy UVXY and hold.
http://ibankcoin.com/option_addict/2014/11/03/the-vxx-diaries/
Maybe this comment will be Chapter 2?
Yes, please.
What’s crazy is a long in TZA has actually outperformed SPY since 1/1/2014. Maybe these things are good buy and holds. Ha.
Gold ripping tonight….giddyup FCX!
Went short SPY on gap fill this morning then added a lot more when it broke down out of that triangle. Will close out shorts once the daily oscillators hit 15-20. Looking for a bottom btw 175-180 by early/ mid next week to start adding longs for OPEX week.
Looks like the bottom is falling in oil this evening only. I plan on selling some more SCO at 25 per barrel which will make me longer oil. The rest of SCO I would let go at 22 per barrel. This is not a prediction. Just my plan if oil collapses.
Also, I’d be exiting some of my TLT hedge at 135 and 140.
Nocturne, seeing as how you have never had a losing trade, what are you planning on doing with that $dust position?
Felt like a down day this entire week
Ok.. so I buy AMZN at 485.12 this morning for day trade.. as custom I immediately set a sell order..but the default is Limit and I hit send before changing to Stop because I’m doing a million things at once.. position immediately closes. Now it’s trading at 493. Idiot.
Were in a bear market. Every bull will admit it now. You’ll be able to buy it back lower
I have done that before, usually because the pull down menu is a pain in my platform. actually helped me once, but two other times got screwed. Couldn’t figure out where my shares had gone until I looked at activity.