Gotta love ZERO RISK in the SP500 = $$$

arbuckletboone · Jan 20, 2018

arbuckletboone said:
Closed the 2795 trade here at 2805 for another +10
Will close the 2803 trade from Tuesday later today at 2813

Loving it.
I think next week should hit 2850-60 area.

S2007S · Jan 20, 2018

kashirin said:
Do you really believe markets go down on Sunday?

I think they will hammer a deal sometime tomorrow and markets will open 20 points up

Exactly....they will have a deal before Monday morning....I'm thinking sometime Sunday evening which will cause stocks to surge at least another 3% next week....Dow 27,000 by Friday!

Laissez Faire · Jan 20, 2018

I think this thread is quite entertaining. Some of the claims here made me do a simply study this morning based on data I have access to. Looking at Open (09:30) prices in the e-mini S&P500 for 2018, I found the following:

Average: 1.0
Median: 1.5
Average positive: 5.0
% positive: 59%
Average negative: -4,75
% negative: 41 %
Maximum positive: 26,25
Maximum negative: -20,75

So, I'd say it's fairly balanced with a skew towards the positive of course (it seems to be acknowledged by most people that stocks have a positive bias).

Looking at Monday only, the average Open is in fact + 2.00 points and is the highest average of all weekdays with Tuesday/Thursday being the lowest.

However, if I were to zoom out and look at say the last 6 years, this data changes and Monday's Open is in fact on average equal to zero.

Overnight · Jan 20, 2018

S2007S said:
Good scratch to buy that new car?
What car are you looking at?

No, could have made good scratch just in and of itself. With one contract on both YM and NQ could have made 1300 bux or so.

Bought a new 2017 4-door sedan for ~$29000 after discounts and rebates. That is all thanks to trading. Without it I would not have been able to buy the thing and afford payments.

Visaria · Jan 20, 2018

I'm looking to buy a Porsche. Unfortunately, I think I might be clobbered on Sunday evening. I would say Dow futures opens 100 points lower.

noddyboy · Jan 20, 2018

I think the market will be range bound next week. Then we can rally again.

Aj2014 · Jan 21, 2018

noddyboy said:
I think the market will be range bound next week. Then we can rally again.

Range-bound or weak up, i'm thinking.
But yeah, soon after we should be rallying hard again

S2007S · Jan 21, 2018

Overnight said:
No, could have made good scratch just in and of itself. With one contract on both YM and NQ could have made 1300 bux or so.

Bought a new 2017 4-door sedan for ~$29000 after discounts and rebates. That is all thanks to trading. Without it I would not have been able to buy the thing and afford payments.

$1300 is gas for the year....eh you always have Monday to make those extra bucks

So you bought brand new car with all dollars up front? That I have never done...I don't see the point of dropping tens of thousands of dollars all at once even though you have it...would rather get a new car loan at 2-3% and pay it off Monthly....did that with my first new car....now I only lease...did the math for an extra few bucks a month I could continuously drive new vs financing a car for 3-4 years

Visaria · Jan 21, 2018

I've always paid for a car with cash upfront, full amount. I'm thinking that finance might be a cheaper alternative. Looking to buy that Porsche, and selling it after 10 months.

London bucket shops expecting dow to open 90 points down btw.

noddyboy · Jan 21, 2018

Visaria said:
I've always paid for a car with cash upfront, full amount. I'm thinking that finance might be a cheaper alternative. Looking to buy that Porsche, and selling it after 10 months.

London bucket shops expecting dow to open 90 points down btw.

Too much money on the sidelines, they can't keep it down for more than a day. If that is true, good, it is time to buy more.