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Post by theMist on Dec 19, 2018 23:17:54 GMT -5
S&P Weekly Chart Move to downside has a lot more legs Bull trend broken -- target SP 2200-2300  |
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Post by theMist on Dec 19, 2018 23:19:32 GMT -5
S&P Daily Chart  |
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Post by theMist on Dec 19, 2018 23:29:13 GMT -5
Jim's video
The intraday dip below 2500 is clearly cause for significant concern but I am sticking to my plan to NOT put this bull market on death
watch until we get a closing level below 2500. Today was a difficult blow for the markets to absorb as the Fed clearly did not create
confidence in investors. However, I am keeping that line in the sand at the same place. More than once the initial move that ensures
after the Fed speaks has proven to be short lived. I do not have tremendous confidence that this is what we will see THIS time,
but it bears remembering and watching.
Personal Note: Emailed Jim more accurate charts of S&P. He's got to stop using the free version but probably does so because he's not
trading presently. I had the Bull trend broken when S&P crossed 2550 area. Jim is going to catch heat with this one. He's still holding onto
the Bull.
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Post by clinton on Dec 19, 2018 23:35:38 GMT -5
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Post by theMist on Dec 19, 2018 23:37:36 GMT -5
Clinton - I can't believe GE has been holding up and rising with this entire pullback
I rode UPRO short all day again today - even through the Fed and holding overnight
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Post by clinton on Dec 19, 2018 23:44:30 GMT -5
Clinton - I can't believe GE has been holding up and rising with this entire pullback I rode UPRO short all day again today - even through the Fed and holding overnight yeah I added today. shit wont last Im usually right about my shorts just early to often. |
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Post by clinton on Dec 19, 2018 23:46:22 GMT -5
GE funfacts
280B in liabilities, 34B of that is unfunded pension benefits
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Post by clinton on Dec 19, 2018 23:58:57 GMT -5
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Post by theMist on Dec 20, 2018 0:01:17 GMT -5
Really good podcast Clinton
Thx for posting
I'm sure Oscar will have video up soon as well. He was waiting on the fed.
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Post by theMist on Dec 20, 2018 7:53:35 GMT -5
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Post by theMist on Dec 20, 2018 9:48:10 GMT -5
VXX gap filled to 44.17
Will be interesting to see if tops out now
Markets might whipsaw back now
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Post by walnut on Dec 20, 2018 9:51:13 GMT -5
Market has been trending down against the indicators, which have been saying it is time to move back up and end this correction. I was afraid of that, so am waiting to see, not trusting this toppy market.
Sure looks like it ought to turn back up now.
I'm going to just wait through this whole thing
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Post by theMist on Dec 20, 2018 9:57:28 GMT -5
Market has been trending down against the indicators, which have been saying it is time to move back up and end this correction. I was afraid of that, so am waiting to see, not trusting this toppy market. Sure looks like it ought to turn back up now. They're not going to let it be Bear every day lol Looking for a bounce now myself covered UPRO short and shorted TVIX |
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Post by clinton on Dec 20, 2018 10:03:21 GMT -5
leading economics indicators for last month were revised from .1% to -.3% LOL
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Post by theMist on Dec 20, 2018 10:09:24 GMT -5
S&P dead cat bounce could get back up to SP 2529ish
S&P 2508 currently
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Post by clinton on Dec 20, 2018 10:16:56 GMT -5
XLF puts that expire tomorrow are expensive, these are usually dirt cheap on thursdays
tells me drop is coming
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Post by clinton on Dec 20, 2018 11:18:25 GMT -5
sold the GE puts from yesterday for +50%
still under water on the rest
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Post by clinton on Dec 20, 2018 12:06:30 GMT -5
all the guest on CNBC sayine same shit about liquidity that oscar said a month ago
also saying another 10% down.
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Post by theMist on Dec 20, 2018 12:29:01 GMT -5
one thing for sure - the swings are going to be big
Need VXX back below 44 for my 2nd trade to be profitable
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Post by clinton on Dec 20, 2018 14:04:57 GMT -5
Trump won't sign current short-term funding bill, Paul Ryan says
ha ha ha hah
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