It’s early on in the day, but this mornings open in comparison with the last few market moves we’ve had like this is totally different. Yes, I’ve been invested now for months, but for such incredible moves in global markets, I’m blown away that this had much less impact than what I was bracing myself for.
My watchlist last night was dominated by more quality stocks than what I normally go for. If the market has perceived this as an opportunity rather than an event, I like transports and semi’s as a place to start some new positions.
I’ll update a few times as the day wears on. Keep an eye on breadth today.
OA
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I added this morning to lower my basis. Using some margin but comfortable with the market reaction so far.
Anyone have current $NYMO $NAMO reading?
Great headline. Thank you. Trying to debate the dollar here, as I like $EVEP, but if the dollar is set to rip I expect a better entry coming.
Also, I was pleading for my book on this one, but I was thinking that $PYPL may not face too much discomfort off a Brexit. Oh well. I got holding $SCO right at least.
don’t get pypl
Last night, the ES bounced right of it’s 200 day MA.
volumes don’t seem to be abnormal – will be curious to see if margin calls occur, but based on we are not far from where we started the week, i would doubt it.
Behold the mighty power of the PPT
Generation buying opp
from a mere 50 handles down?
if you liked it down 50 handles, you’ll love it now
weekly buying op? Prices in February were a decent buying op, here is just a dip.
I maxed out my margin in February. This ain’t February.
Mind changes with Federal Reserve intervention. They are swapping dollars with other CBs.
What does that mean? What are you doing here…nothing?
OA – did you have any futures trades on last night?
I had that long from Tuesday at 4290, got out for +80 after the close.
Opportunity for sure
OA.. you buying,, waiting..little bit of both?
1 green long position today. XON! woo hoo.
Tank into close or rally? I’m thinking weakness to about 2030 then rally to 2058
looks fugly.
I dont think we tank but highs prob in for the day.
How come the headlines say that traders were incorrectly positioned, but we had huge put buying last week? Seems like people were hedged, but maybe got too excited yesterday…..do the news people not remember what they reported on the previous week?
The most neutral reaction possible. Definitely did not expect it to be so unconvincing.
Thought it would be a lot worse but I also thought we’d get a more convincing rally of the open. Most people realize that there are a lot of negotiatiations ahead
Bought $SPWR and $EWP.
$EWI?
$GREK?
Patience?
Got some CLF, ACIA, CWEI this morning.
Love this selloff. Was in full cash before today.
Nice call. Next time give us a heads up.
Happy to be loaded with USLV and NUGT today.
you know who has zero international exposure? residential solar – scty, run and vslr
RIO 28.75
LABU 26
Going to get rid of those IWM calls soon. Looks like we’re closing at session lows
yup. at the lows
Why say that? Still 90 minutes of fun left.
BWLD holding like a champ. Restaurants doing well.
CALM is actually green. And it’s been a shit stock for a min. Was wondering what a stronger dollar really means for them or restaurants
restaurants like HABT and BWLD have no foreign exposure so immune from currency issues.
Looks like a divergence in the SPX and USD/JPY since end of February, early March. OA, can you discuss this relationship in After Hours again some time?
is this categorized as a crash now?
Indices haven’t broken May lows .. yet.. IBB sitting on.
Yes they have.
Feb 11th was the buyable dip. We’re not there yet.