-1636. New Record!
You’d have to go back to 2011 to get a capitulation signal like that. 11/17/11.
To reverse this $SPX breakdown here gets pretty complicated. $NQ still holding 4300 while the $RUT is green. Banks could give two shits here.
Good luck.
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The lowest I got was 1164?
Then you’re definitely doing something different.
Wierd. I just did it again on TOS and I get your reading, but on e-trade it’s 1164.
Out of puts
What puts? Like all of them? We’re only 2 points removed from where we opened Monday?
lol
The ship isn’t sinking — I rang the register on CAKE puts and sold UVXY. Cannot stay short in the face of an extreme like that.
well, technically you can….
$SPX2040 may be the line in the sand … next big move could be determined by which way we break.
Bot
FIT June 16 calls
FCX June 15 calls
TSLA weekly 225’s
as fed was raising rates in the 1980s, markets rallied, just not on the days rates were raised.
USDJPY still up, HYG barely off, lots on inverted hammers left so far, TF still leading, gap and go like a mofo tomorrow?
The SPX went down for about week after that, did it not?
Totally different context there. There were three of those readings in a 3 month window.
VIX was up in the 30-40’s leading up to that as well.
We’re err….16? not even.
SnP hanging into support by a thread
Oil short is working very nicely. Strong resistance held.
you think this has legs? the fed raise indication may put some further room for this to fall
Impressive that you didn’t get stopped on that rally. Nice call.
thanks, only went 40 cents over my entry and I was willing to give it a full point as this is a multi day hold. Looking for at least 46 on the July contract maybe more, have to see how it acts.
CHD relative strength huge and rallying into the close. Something is up
Chode smells fishy?
Haven’t seen you in ages. You been gone that whole time?
very hard to pick the short term direction of indices here, they need a couple of days to settle down. Crazy intraday action.
Of course market sniffs out my vacation starting tomorrow and hits all my top stocks with a sledgehammer knowing i have to make rash decisions it never fails
Any thoughts on TSLA secondary? Bail here or wait it out? thx
FUCKING goldman
stay put
Don’t know about technicals, but you’ve got to be nuts if you think a secondary offering for a company with negative cash flow is “buy” signal.
Even if the high PE itself didn’t dissuade you, Telsa itself is telling you that the return on it’s debt is higher than the expected return on it’s stock – simple accounting math, nothing more (otherwise it would have issued bonds).
It may be easier to think about it in reverse: if you were Tesla and could either buy back your bonds or your stock, which would you do?
Look here: http://finance.yahoo.com/q/cf?s=TSLA+Cash+Flow&annual
Even a decent company wouldn’t end up in negative cash flow until AFTER you factor in cap ex.
Tell ’em large Marge sent ya.