L 2459
10 point stop
10 point stop
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Thanks for the morning chuckle. Last night after I posted it I thought that it looked like the makings of a country song for entitled suburbanites.
I slept in shame.
Yup. People think it's priced in like last week. The intention is to sell slowly.
Thats almost exactly what it was in the States when I made that post on March 15th.
Hopefully it won't take off down there.
Hard to believe we have 210,000 cases now.
Confirmed Coronavirus Cases Are Growing Faster In The United States Than Any Other Country In The World
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Coronavirus growth for the top 10 countries in the world by the number of cases added yesterday.
https://www.forbes.com/sites/trevor...d-states-than-any-other-country-in-the-world/
"Its not exponential growth"
-@Buy1Sell2
Sure. Its exponential testing.
Dumbest thing I've ever heard. Like it really f'ing matters.
Must be that exponential testing causing that exponential rise in the death count too.
Moron.
Why sell off big and scare away the bulls? Keep buying while you can B1...
Overnight a nice bear flag. Al Brook's has a phrase "spike and channel" and that is what we have here: Spike into yesterday's low with asnap back rally and then the market channels all night long.
Shorted BA yesterday and I'm holding for another try at $89. Current price 131.50. I expect the sell of to continue.
Other than price, the other data point that will likely coincide with a market bottom is an absolute collapse in consumer sentiment. And as bad as things look today, sentiment isn't that bad. I read a piece last night (I'll try to find it and post the link here if I do) that said that during that market sell off, the public bought stocks all the way down, from millennial to Gen X'ers to Boomers. That, if true, is not a bullish sign.
This is an unprecedented bear market in terms of the speed and extent of this initial decline. It is entirely possible that the whole bear ends far more quickly than most bear markets find their ultimate low. But we aren't there yet, imo.
Consider all the financial and credit market problems that are brewing as we sit here because the US government is doing what it always does: bailing out corporations, Wall Street, and the banks, while giving as small a pittance to the sheep as it can get away with and limit the protests to a bunch of hippie wannabes smoking dope and dancing topless in a park.
Rents are due, mortgages are due, and what is needed is a three month "pause" on everything. Again, I saw a stat recently that said 81 billion dollars in rents are due each month. I though that was low, but if that is at all accurate, how can the politicians possibly justify $500 Billion set aside for corporations (which is to be leveraged 8x's by the fed to 4 Trillion dollars), and not give some form of rent relief to the American worker.
We are screwed. For every guy like me for whom this whole thing is an inconvenience and an anchor around my golf game, there are 100's of families who are royally getting screwed and they don't even know it because most Americans are politically and economically illiterate.
This market hasn't begun to price in the ultimate devastation.
The only bright spot is that America will rise and prosper again. But that prosperity will be even more concentrated and poverty and struggle more widespread than it had been before the collapse.
Shorted BA yesterday and I'm holding for another try at $89. Current price 131.50. I expect the sell of to continue.
Other than price, the other data point that will likely coincide with a market bottom is an absolute collapse in consumer sentiment. And as bad as things look today, sentiment isn't that bad. I read a piece last night (I'll try to find it and post the link here if I do) that said that during that market sell off, the public bought stocks all the way down, from millennial to Gen X'ers to Boomers. That, if true, is not a bullish sign.
This is an unprecedented bear market in terms of the speed and extent of this initial decline. It is entirely possible that the whole bear ends far more quickly than most bear markets find their ultimate low. But we aren't there yet, imo.
Consider all the financial and credit market problems that are brewing as we sit here because the US government is doing what it always does: bailing out corporations, Wall Street, and the banks, while giving as small a pittance to the sheep as it can get away with and limit the protests to a bunch of hippie wannabes smoking dope and dancing topless in a park.
Rents are due, mortgages are due, and what is needed is a three month "pause" on everything. Again, I saw a stat recently that said 81 billion dollars in rents are due each month. I though that was low, but if that is at all accurate, how can the politicians possibly justify $500 Billion set aside for corporations (which is to be leveraged 8x's by the fed to 4 Trillion dollars), and not give some form of rent relief to the American worker.
We are screwed. For every guy like me for whom this whole thing is an inconvenience and an anchor around my golf game, there are 100's of families who are royally getting screwed and they don't even know it because most Americans are politically and economically illiterate.
This market hasn't begun to price in the ultimate devastation.
The only bright spot is that America will rise and prosper again. But that prosperity will be even more concentrated and poverty and struggle more widespread than it had been before the collapse.
- Status