Gotta love ZERO RISK in the SP500 = $$$

SoesWasBetter · Mar 23, 2018

Wasn't that bad of a day. I enjoyed.

I called for shorts al day on twitter, but alas , no one listens.

Option_Attack · Mar 23, 2018

What a great trading environment - finally! Last few years have been mostly blah, at least for my swing trading stuff.

Good trading to all.

S2007S · Mar 23, 2018

This is when I wish we had weekend trading. To have all this action stop and have to wait 2 days to get back into this crazy volatility....oh come on. We need at least 12 hour trading days. Enough of this 6.5 hr trading garbage. This isn't 1972 it's 2018. Let's get with the program!!!

SoesWasBetter · Mar 23, 2018

Prob cost me 100k not to be able to trade the next two days. You?

Saltynuts · Mar 23, 2018

S2007S said:
I noticed that, seems everyone is thinking there is a relief rally come Monday morning, which I do put at about an 80% chance, I bought two long positions after hours but very small amount for that possible early morning relief rally. If it goes further down I'm going to wait until it drops below February 9th lows and add some more ...I'm still bearish I just think I definite relief rally is somewhere in there next week...

s2007s, arent we already below the february lows on both the dow and s&p? Thanks.

S2007S · Mar 23, 2018

Saltynuts said:
s2007s, arent we already below the february lows on both the dow and s&p? Thanks.

No not yet...the low on the s$p is 2532

Dow low for that day is 23360

Both lows from February 9th!

I believe the Dow breaks 23000 next week!!

Keep in mindi the s$p is a few points away from dropping under it's 200 day moving average of 2585!!!!!

That's not good news!!!

Overnight · Mar 23, 2018

S2007S said:
No not yet...the low on the s$p is 2532

Dow low for that day is 23360

Both lows from February 9th!

I believe the Dow breaks 23000 next week!!

Keep in mindi the s$p is a few points away from dropping under it's 200 day moving average of 2585!!!!!

That's not good news!!!

I saw a mention of some 200 MA nearing a break on the downside. Very exciting to watch, but when to get into the action for a recovery, if any? Oi!

LacesOut · Mar 23, 2018

S2007S said:
As I said a couple of weeks after that huge rally off the february 9th lows that the markets would revisit that low again...I believe next week the Dow dives under 23000, I think at that point you could start to add some longs....

You should probably not come on here and say ‘as I said’ too much.
I’ve gone back and read some of this thread - what you have said has been nearly 100% incorrect.

S2007S · Mar 24, 2018

LacesOut said:
You should probably not come on here and say ‘as I said’ too much.
I’ve gone back and read some of this thread - what you have said has been nearly 100% incorrect.

That 100% incorrect is what we call sarcasm

S2007S · Mar 24, 2018

Overnight said:
I saw a mention of some 200 MA nearing a break on the downside. Very exciting to watch, but when to get into the action for a recovery, if any? Oi!

When to get into the the action? Well there will be a substantial bounce which will happen, however you just have to be lucky. Half of the s$p is in correction teritory so that isn't enough to give the boost to s$p 3000 that most people are hoping for this year. Many thought the last drop in february of 10% was what the markets needed to progress further, however now seeing market weakness once again it will be interesting to see where it bounces or if can even rally back to january highs. Another 10% or so puts the markets in a bear market which to be honest isn't that far off ...