Gotta love ZERO RISK in the SP500 = $$$

ih201 said:
Hmm, may I ask why a few of you have a long bias? I'm just seeing higher lows and lower lows on the 4hr?
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I was wondering the same thing on this steadfast loyalty to the Long side only..... the only thing I can come up with is the newer players to the game, last 9 yrs or so, have only seen a slow, grinding melt up that has served them well... This is all they know. Toss in the slightest Vol & they become life long Southern Californians driving in snow for the first time... they become a ball in hi grass... Lost!
 
IMO correction is not nearly over.

Tomorrow SPX (or early am in the case of eMini) will probably scare some of those considering going long - for at least a couple of more days.
 
SunTrader said:
IMO correction is not nearly over.

Tomorrow SPX (or early am in the case of eMini) will probably scare some of those considering going long - for at least a couple of more days.
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Hope you are right SunTrader - I bought a little downside protection on the bigish pop today - a down day tomorrow would do me sweet. :)
 
Here we go again with tariffs

If every week China announces new tariffs on new products the markets could be literally be 60% lower by Summer!!!

This tariff talk will destroy the trump rally.!

China announces new tariffs on 106 US products, including soy, cars, and chemicals
  • The effective start date for the new charges will be revealed at a later time, though China's Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually.
  • The 25 percent levy on U.S. imports includes products such as soybeans, cars and whisky, Beijing said.
  • The move comes less than 24 hours after President Donald Trump unveiled a list of Chinese imports that his administration aims to target as part of a crackdown on what the president deems unfair trade practices.
Sam Meredith | @smeredith19
 
oh boy!!

IMO these headlines are overblown.. this is not the end of FB/AMZN and the "trade war" is just a negotiating tactic.. the tariffs haven't even gone into effect.

bottom line is that companies are going to kill earnings and NFP will be huge.. markets already down 10% from highs and the risky trade is to go short at this point.
 
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OTCkrak said:
oh boy!!

IMO these headlines are overblown.. this is not the end of FB/AMZN and the "trade war" is just a negotiating tactic.. the tariffs haven't even gone into effect.

bottom line is that companies are going to kill earnings and NFP will be huge.. markets already down 10% from highs and the risky trade is to go short at this point.
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Markets don't care. If things are uncertain. Sell!!!!!!!!!! Especially if you got big profit in hand.
I don't care either. Just watch the technicals.
 
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