“Americans need cash now,” Mnuchin said during a White House press briefing on the administration’s latest efforts to combat the disease. “I mean now in the next two weeks.”
Bamm just like that 10000 shares at 43 Would be worth 8 million go figure lol This whole thing feels like the biggest scam I've ever seen in my life how much money did these Wall Street people make on the short side we gotta find that who made that money pretty soon
There's a number of ETFs that can be used. I'm interested and doing analysis. I don't think there is any rush. Will let you know. I'll post some charts soon.
The mother of all rallies is coming. It may take a week of chop to stabilize first. A 500 point up day would not be a surprise under the circumstances.
When you say "A 500 point up day would not be a surprise" do you mean 500 points on the S&P 500? That would be incredible if so. That would equate to around 20% in one day. That's hard to imagine but then again all of what has been happening these past 2 weeks has been unimaginable.
Sc this type of chart and timeline is helpful thanks
ReplyDeleteYou are welcome!
ReplyDeleteSPX is finally low enough and with enough perks that it'll float higher.
ReplyDeleteFed is "All In".
What will target for upro
ReplyDeleteUPRO initial target $38.
ReplyDeleteNext two weeks!
ReplyDelete“Americans need cash now,” Mnuchin said during a White House press briefing on the administration’s latest efforts to combat the disease. “I mean now in the next two weeks.”
Bought UPRO $27.00.
ReplyDeleteGood call, SC. Pattern looks strong.
DeleteThat area on UPRO at 38ish is the same as on SPX where I have an estimate for below the 50% retracement which failed previously.
Nothing sticks, this market is for Dog's breakfast..
ReplyDeleteTVIX and VIX strength is crazy
ReplyDeleteVIX / TVIX held up really strong throughout the day. If they dont open low tomorrow, do you think this UPRO target should be reconsidered?
ReplyDeleteAfter hours trading looks dangerous for Bulls for tomorrow..like I said nothing sticks, no matter what FED do..we are keep going down
ReplyDeleteSelf Isolation. Radioparadise.com makes it easier. Commercial free. A fan since 2003
ReplyDeleteMedia needs to go it's about time
ReplyDeleteLol nuts
ReplyDeleteMedia mutts
ReplyDeleteSvxy holding up
ReplyDeleteBought upro22.70
ReplyDeletethe final line I had for TVIX was around 840.
ReplyDeletewell... that got blown out of the water. I think I am sitting out for a while.
ReplyDeleteBamm just like that 10000 shares at 43
ReplyDeleteWould be worth 8 million go figure lol
This whole thing feels like the biggest scam I've ever seen in my life how much money did these Wall Street people make on the short side we gotta find that who made that money pretty soon
Oil near target.
ReplyDeleteSCMarch 8, 2020 at 9:46 PM
"Oil crash. Support $18"
Would you use USO to buy oil?
DeleteThere's a number of ETFs that can be used. I'm interested and doing analysis. I don't think there is any rush. Will let you know. I'll post some charts soon.
DeleteSC - thanks - will be looking to buy oil around $18...perhaps that will align with our SPX bottom in April/May?
DeleteThe mother of all rallies is coming. It may take a week of chop to stabilize first. A 500 point up day would not be a surprise under the circumstances.
ReplyDeleteVIX doing nothing today.
ReplyDeleteWhat happened today was the VIX futures rolled.
Natgas is looking interesting as well.
ReplyDeletePossibly down to about 1.30?
Sounds about right.
DeleteNUGT was nice couple days.
DeleteSure was, missed that. See where it opens tomorrow
DeleteSC,
ReplyDeleteWhen you say "A 500 point up day would not be a surprise" do you mean 500 points on the S&P 500? That would be incredible if so. That would equate to around 20% in one day. That's hard to imagine but then again all of what has been happening these past 2 weeks has been unimaginable.
Yes, chop first, but we are getting close to a powerful rally. It's going to be explosive.
DeleteAnother week maybe of whipsaws first.
DeleteBy the way, what is everyone buying right now? I'm loading up with shares of LABU.
ReplyDeleteUpro svxy shorting uvxy
DeleteInteresting idea Ken, thank you. A lot of vaccine money floating around...
DeleteI'm shocked Kabul didnt jump yet
DeleteThanx for labu up nicely
DeleteWatching the airlines too. They remind me of bank stocks in 2008, 2009.
ReplyDeleteBoeing needs to be restructured or go through bankruptcy.
Some airlines are bankrupt but some are good. We're going to separate the wheat from the chaff in coming months.
When the time is right, and at lower prices a great trade is coming there.
I remember waiting and waiting for the right moment. In 2009 I bought Bank of America for $2.24. Citi for $1.05.
What is the difference between UPRO and SPXL to us?
ReplyDeleteBoth essentially the same. Either one is fine.
DeleteFutures went limit up, and with that we have confirmed the chart!
ReplyDeleteNew charts posted!
ReplyDelete