ES Journal - 2019/2020

[Builder17]

what happens if we dont get 2650?

 

[hafez50]

Bingo Delta the mkt is an animal of its own. If the mkt used rational we would have never traded to 3400. What we believe and think should happen is irrelevant. They could easily say with rates at zero and nowhere to put your money the s@P should trade at 4000 based on "normalized" earnings .

 

[speedo]

@Buy1Sell2 is on a roll - he just blocked me lol

 

[Laissez Faire]

Long 2610. Stop @ 2595.

 

[NQurious]

What did I do? Breathe too loud?

Anyhow - 2609 down to 2597 buy zone. Bounced around 2609 just now. After that weak BO at yesterday's high and not even making it the globex overnight high, there needs to be buying PA to justify reloading the boat.

 

[hafez50]

https://www.cnbc.com/2020/03/31/sto...st-on-tuesday-from-portfolio-rebalancing.html

 

[Laissez Faire]

Long 2610. Stop @ 2595.

Targeting 2690, but may revise that target.

If stopped - I think it's quite likely that this day can turn into a decent sell after all.

 

[Picaso]

Short the homebuilders.
Several years of recession is a given. Might even be a decade.
Home building is gonna fall off a cliff.
You heard it here first.

If I may ask, what's your rationale?

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PS: Good entry, Laissez Faire

 

[vanzandt]

Back in early March I said that "people in the know" will buy WYNN, and when it reverses, we'll know the market is going to bounce.

I was just looking at WYNN for a trade today and remembered I said that. I had to look.

Here ya go:

 

[vanzandt]

If I may ask, what's your rationale?

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PS: Good entry, Laissez Faire

Intuition