I ended up taking this day trade RENN into tomorrow — even though I’m 99% sure it will trade lower tomorrow. To pair that, I am long SOXS, TVIX and TZA — with a variety of longs — none of which are meaningful.
If you’re heavily long here and betting on a surge tomorrow — GOOD LUCK. Odds are we’ll trade sharply lower. I’d keep a close eye on WTI in the overnight session and ignore anything you hear or see on CNBC.
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https://www.zerohedge.com/news/2019-03-06/deutsche-bank-reportedly-faces-massive-losses-equity-trading
SUFFER Doooootche brokers. SUFFER. No bonuses. Aw. SUFFER. Dootche workers. Feel it. Suff. Er.
https://www.zerohedge.com/news/2019-03-06/goldman-was-sharpest-rally-crisis-and-its-now-over
Snicker, why was it needed to go back so-high. So-quick. B e c a u s e i t ‘ s b u l l s h i t.
Needed to convince one last time to get dragged in. Why put that amount of effort when 2600-2700
suffices, or healthy consolidation. No reason whatsoever to drag it that high that fast unless
you wanna ‘pull a fast one’ later on. Easiest signalling of fakeout bullshit ever
Thanks for sharing.
Uh-Ohhh!!
https://tinyurl.com/y62hyemj
Job of MM is to make money, why should he make it easier or simple-rational?
Do you think Trump, the Fed, the Central Banks, and every other policy-maker will actually let the market fall? What the 2010Q4 sell-off taught us is that the US Stock Market is centrally-controlled by the Fed. Note their immediate flip on interest rates and even QT.
Any major dip should be bought at this point.
^Q42018
You’re forgetting …many… things. Stability was supposed to be fine into 2008. The US is boombust dependent since 99. Severity rising from 1st to 2nd, 2nd to 3rd as the finale slate-clean. If you wanna go higher, you’re only exacerbating this: http://www.multpl.com/shiller-pe/. Trump and CBs are not overall on the same team. A 2020 election reversal possibility. A pause in hikes could be an impression play. Just a short list.
I call it a legal, perpetual PONZI, first come first served.
In about a month, Showtime will be the most disappointed guy on the netz. This dip should be tradeable but short lived.
My two favorites at present are TZA, #1 easily, and SOXS. A point of worry for bears: Somewhat low demand for S&P puts.
psychopaths
No, just dysfuntional.
I’ve been looking for Ramp’s commentary, which you said was forthcoming, and I can’t seem to find it on your site. Did Ramp change his/her mind?
TZA, nice! It runs like its hair is on fire. I am long TZA, also. Sell stawks, Bitchezz!!
SOXS wrecking ball incoming.
So much hatred here. But yeah, extended sharp uptrends heading into FAGboxes with leaders fading never end badly. Ever.