ES Journal - 2023/2024

[vanzandt]

Is that by EOY? As I've been rattling in another thread, I'm expecting a full-fleged recession by Q3, so 20% is about right for the year. But is that the end of the slide? I don't think so.

Actually, it might be more. But tech is the 800 pound gorilla in the room. Anyone who says AI is a bubble, is friggin dumber than dirt.

You have to factor in human emotions and herd mentality though. 3 years out, we'll be much higher. Tech will lead the way. There's no way it can't. But predicting the fear factor, ahhhh 20% down.

Where's B1 been btw? We're the only ones keeping this thread alive. I think we hit his upper target. Or was it higher? He's probably still trying to master 280 yards off the tee going straight. As his back slowly deteriorates on the driving range.

 

[mervyn]

look at es 4900 puts expiring on the 22, vol double, for nvda earnings, any longs are scared.

 

[vanzandt]

look at es 4900 puts expiring on the 22, vol double, for nvda earnings, any longs are scared.

NVDA up, market down.

 

[mervyn]

NVDA up, market down.

in my other post, nvda is expected to swing the entire csco market cap that day.

 

[vanzandt]

in my other post, nvda is expected to swing the entire csco market cap that day.

Well, you know as well as I, their earnings event will be ruled by algo's and options for at least a few days. Trying to game that... now THAT's gambling. Best to just watch and play other stocks while the dust settles.

 

[vanzandt]

But... if it goes up and stays up this time, I doubt anyone hoping to get in on any weakness going forward is gonna get in. It'll take out $1000 easy. IF,,, what we're told is true at least.

I think I'll just buy some more SRAD for now and let you experts game NVDA's earnings..

 

[vanzandt]

I think I'll just buy some more SRAD for now and let you experts game NVDA's earnings..

A 50% move is a 50% move. And I doubt NVDA will do that. I bet SRAD does though. -->$10.22

 

[vanzandt]

i just glanced at the ES.... down 15. go figure.

 

[Overnight]

i just glanced at the ES.... down 15. go figure.

'Tis but a scratch!

Have at you!

(There's a Python video for that, but I have restraint now. )

 

[vanzandt]

'Tis but a scratch!

Have at you!

(There's a Python video for that, but I have restraint now. )

Hey but, and for real, how many nights in the last few weeks have we seen that this early?(15 points) I was gonna look, but you probably already know. This thing may bounce, but we're heading south.