Search results

"The NY Fed announced Monday it is ramping up its overnight cash injections from at least $100 billion to at least $150 billion. The move, coming on a day when the Dow briefly plunged more than 2,000 points, or 8%, marks an acceleration of a rescue of the overnight lending markets that began...

We shot above 2840. Yay! Let's see if this baby has any grit.

Lopsided inverted H&S on the 5 minute. If we break above 2840, the price target should be 2980 (or more likely 3000 since it often overshoots). Keep your finger crossed.

In that case, we we'll likely be in stagnation rather than recession. Like I stated elsewhere, USA will become "Japan, version 2".

You call 6 months "historical"? BTW you need to take volatility into account. Six months ago, we hardly had any volatility. It was so dull, I cried myself to sleep every night. Now, the volatility is nearly 10x. You can't trade today's market with the strategy from 6 months ago and expect the...

20% drop in the equity market usually leads to an economic recession.

Actually, you got that wrong. It should be 2545.

Here's what it says on CME: What happens when the underlying S&P 500 Index hits a circuit breaker level? 20% decline A 20% decline (Level 3 circuit breaker) in the S&P 500 Index will terminate trading for the remainder of the trading day in both the cash equity market AND all U.S.-based...

Gold Price, Gold Stocks And The Coronavirus: Here Are Lessons From 2008 Investor's Business Daily

Man, you need to be instituitionalized. :D

Yeah, but what's up with the moonshot on nat gas?

It can only go down. I mean it will only go down. As they say, you don't need to outrun the bear. You just need to find someone dumber than you. :D

I understood that to mean ALL trading will cease once the 20% is tripped after 2:25 (eg. Bye-bye, let's close shop and go home.)

Any good reason for the disconnect other than the following? Reason for CL going down: People staying indoors. Reason for NG going up: People staying indoors.

From the CME: From 8:30 a.m. to 2:25 p.m. CT, there are successive price limits corresponding to 7%, 13%, and 20% declines below the previous trading day’s reference price. From 2:25 p.m. until the 3:00 p.m. CT close of the cash equity market, only the 20% price limit will be applicable...

With the limit down, you can only buy. But with the resting order of nearly 4000 on the ask, who's stupid enough to step up to the plate? Once you buy, you won't be able to sell.

https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html

My point is you folks are too late to the game. When folks like me and others cried wolf when the market was trading near the ATH, you scoffed. Now that the market fell off the cliff, you cry and whine as if the world's coming to an end. Cry babies. FYI this isn't specifically directed at you...

Long 34 St 26 Pt 60

When is the next earnings season? I feel we'll just go up and down, up and down, until then. Of course, the earnings will be horrible due to corona and the market will swoon again. We shall see.