Attention: Ken - you fading this rally too?

SoyUnGanador · Oct 17, 2022

Mighty strong market today. Are you fading this one too? We've had a couple hard bounces now, is that not showing some kind of strong support line in your opinion?

Thanks!

Monobrowtrading · Oct 17, 2022

SoyUnGanador said:
Mighty strong market today. Are you fading this one too? We've had a couple hard bounces now, is that not showing some kind of strong support line in your opinion?

Thanks!

Ken’s busy. His GF sprung a leak and he ran out of superglue.

frnw · Oct 17, 2022

Today was good for CEFs in the open market.
MEGI and BXSL were really good trades.
BXSL covered out too early.

My opinion is that in CEFs and BDC will have good trades in next few days.

mason macgregorson · Oct 17, 2022

SoyUnGanador said:
Mighty strong market today. Are you fading this one too? We've had a couple hard bounces now, is that not showing some kind of strong support line in your opinion?

Thanks!

Ken is gone, never coming back -ever - he walked out of ET and assured us repeatedly he was not ever coming back. So leave him be.

SoyUnGanador · Oct 17, 2022

frnw, by CEFs I assume you mean closed end funds. Why focus on MEGI and BXSL? They seemed to be up today but nothing crazy. What do you mean by BDC?

Thanks!

SoyUnGanador · Oct 17, 2022

mason macgregorson said:
Ken is gone, never coming back -ever - he walked out of ET and assured us repeatedly he was not ever coming back. So leave him be.

Wait what? When (in what thread) did this happen? He was such a valuable contributor!

Businessman · Oct 17, 2022

SoyUnGanador said:
Wait what? When (in what thread) did this happen? He was such a valuable contributor!

I dont think he has gone, he is just not an ET sponsor anymore.

Darc · Oct 17, 2022

SoyUnGanador said:
Mighty strong market today. Are you fading this one too? We've had a couple hard bounces now, is that not showing some kind of strong support line in your opinion?

Thanks!

KCalhoun · Oct 17, 2022

Market stayed flat all day after morning bounce, still in downtrend so I rebought uvxy sqqq after-hours.... uvxy trended up all afternoon... Fading today's mean reversion bounce in s&p.

formikatrading · Oct 17, 2022

The @KCalhoun ratio (Rydex Bear to Bull Funds) is peaking. Be ready for the rally to take him out.

KCalhoun said:
Market stayed flat all day after morning bounce, still in downtrend so I rebought uvxy sqqq after-hours.... uvxy trended up all afternoon... Fading today's mean reversion bounce in s&p.