ES Journal - 2019/2020

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Do i get it right, that there will be an opening print and iff SPX down 7% or more trading will be halted. So ES could potentially open lower probably at exactly 7% limit down after the auction from 9:25-9:30 and only halt after the opening print in equity markets (which might be a tiny bit after 9:30).
 
Severe, severe damage already done. The ten year is more panic bid than 2008. Crude down 30+% overnight. Energy stocks in a world of pain. Tech stocks still in the stratosphere. It's very difficult, if not impossible, to plug the unwind of a parabolic top.
 
Do i get it right, that there will be an opening print and iff SPX down 7% or more trading will be halted. So ES could potentially open lower probably at exactly 7% limit down after the auction from 9:25-9:30 and only halt after the opening print in equity markets (which might be a tiny bit after 9:30).
Yes. I'm pretty sure that's the way its set up.
 
I mean really? This is what's on his mind this morning? Oil at a 30 year low, circuit breakers getting ready to pop like Orville Redenbacher, Corona cases doubling daily...
No way... he's gonna announce something big.

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Out of curiosity (I honestly don't remember), how active was he during the Oct-Dec 2018 correction? I remember the non-stop activity Jan 2019 onwards, but I don't remember a ton of pumping in that pullback. (Also, the Fed was making hawkish overtures most of that ride lower, aside from actually raising rates at the Dec 2018 meeting).
 
Severe, severe damage already done. The ten year is more panic bid than 2008. Crude down 30+% overnight. Energy stocks in a world of pain. Tech stocks still in the stratosphere. It's very difficult, if not impossible, to plug the unwind of a parabolic top.
Yeah I know. The macro ramifications of the domestic energy sector is huge. That said, I'm looking for a solid Permian play on sale. $PAA might have potential. That divy is toast though I'd guess.

Those parabolic tops... they can be hell on floors.
 
Don't be in too much of a hurry to buy. If the Fed comes out with a $2 trillion ETF buying program starting immediately then that's one thing, but otherwise there are tons of big players who got totally nuked over the weekend, a long and growing list of now-worthless debt securities to digest, and tens of billions riding on quant strategies which just had their models totally vaporized.
There will be multiple 50 pts movement in either direction. Just look at PA on support.
 
Man.... there are some stocks on sale.
Hmmmm.

I always said if Square ever hits $56 again, I'm buying that pig hand over foot.
I'm resting an order at $58... might get lucky on a spike down at the bell.

Plus Dorsey is getting the boot at Twitter. Hopefully. He needs to run SQ full-time anyway.

Ahhh.... patience.
 
Can you imagine the margin calls this morning? The Friday afternoon dip buyers are hoping buyers show up to bail them out or that Trump announces no one owes taxes for 2019 or something like that (If I were an adviser to the Presidnet's that is exactly what I would do: Refund everyone's 2019 taxes).

Anyone long CL at the close had all their margin wiped out and then some, and then some more ...


Here you go ...

The trading rule that will make you rich if you let it.

Not a call ... just math that works.

here-you-go-jpg.221333
 
Can you imagine the margin calls this morning? The Friday afternoon dip buyers are hoping buyers show up to bail them out or that Trump announces no one owes taxes for 2019 or something like that (If I were an adviser to the Presidnet's that is exactly what I would do: Refund everyone's 2019 taxes).

Anyone long CL at the close had all their margin wiped out and then some, and then some more ...




Not a call ... just math that works.

here-you-go-jpg.221333

He might put tariffs on foreign oil. Claim national security.
Can he do that? I think he can, if its national security. He can say $45/barrel. Unleaded will still below $2.50 for most of the country... below $2.00, who's gonna bitch about a tariff on Opec. Nobody gives a f if they are paying $1.80 at the pump.

I'm looking at Kinder Morgan @$16.50. That dividend is safe too. That'll be about an 8% div yield. Natural gas demand shouldn't drop, I mean besides the usual seasonality. They sell CO2 to the oilfields though. Up until now their oil pipelines have been full.


Hmmmmm.
 
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