Gotta love ZERO RISK in the SP500 = $$$

Wow we closed again 2 days in a row at the lows of the day, is this a trick? Everyone knows the markets will regain these losses first thing tomorrow. I bought some SPXS the other day and sold it this morning for a small profit at $18.61 after the markets opened down, little did I know the markets would sell off into the close, oh well, missed profits is typical in this market, onto the next day. Anyway looking at the s&p first support was broken at 2102, next we have the 2014 closing high at 2090 which could easily break tomorrow, after that 2066, we break that and next support is around 2040, we break that and just get ready for some heavier selling...but no worries how low the markets go, they have dipped thousands of times in the last 6 years only to close at higher highs. SO this dip is just another buying opportunity as usual....
 
S2007S said:
Wow we closed again 2 days in a row at the lows of the day, is this a trick? Everyone knows the markets will regain these losses first thing tomorrow. I bought some SPXS the other day and sold it this morning for a small profit at $18.61 after the markets opened down, little did I know the markets would sell off into the close, oh well, missed profits is typical in this market, onto the next day. Anyway looking at the s&p first support was broken at 2102, next we have the 2014 closing high at 2090 which could easily break tomorrow, after that 2066, we break that and next support is around 2040, we break that and just get ready for some heavier selling...but no worries how low the markets go, they have dipped thousands of times in the last 6 years only to close at higher highs. SO this dip is just another buying opportunity as usual....
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Congrats on the SPXS...It wasn't easy with the fakeouts every noon.
 
If the market really dips, you and I will puke if we are long. 2% drop is not really a drop. Market will drop 20% and all analysts will come out of shadow and will tell you "I told you so", "I told you so". They will encourage individuals to get into the market but no one will. Most will be hurt by the market and will consider it evil and will not want to touch it again and some will not get in because they are expecting the market to go lower .
 
hajimow said:
If the market really dips, you and I will puke if we are long. 2% drop is not really a drop. Market will drop 20% and all analysts will come out of shadow and will tell you "I told you so", "I told you so". They will encourage individuals to get into the market but no one will. Most will be hurt by the market and will consider it evil and will not want to touch it again and some will not get in because they are expecting the market to go lower .
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Just have to wait until support is broken...I do think were going back to October lows where the s$p will fall back below 1900. And I also will predict an unbelievable spike in the vix to 40-50 area in 2015....its been far to low for far to long. Every spike above 20 has people running in to catch the dip...but there is going to be that one time you buy the dip only to realize it was a bad decision to do so......watching s$p 2066 and 2040....
 
What a day.....sold off another short SOXS

Just wish I didn't sell my SPXS at $18.61 yesterday...

Sold SOXS at 12.05 moments ago....knowing my luck it jumps another dollar...

Bright green today :)
 
There will be a big rush to the cash register by the market close. DOW will drop 300 today. My prediction for AAPL was that it will close 124 by the Friday. MCD, IWM, ADI are big shorts. I also like shorting LL as their business seems dead now.
 
Volume is strong and selloff is powerful. This is just the start. S&P resistance threshold is broken. A good time to go in cash 50% in 401K, IRA and individual accounts.
 
I just did a tiny buy into SOXL at $134...

SOXS high $12.41 sold at $12.05....ouch!
SPXS sold at $18.61 high today $19.45 ouch!

Oh well.
will buy both back when market's rally to new highs
 
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S2007S said:
Just bought small position in UWTI at $2.00 to average down, holding close to 1000 shares, nothing to crazy....
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Awesome day for UWTI.

Whew.
And after the oil numbers released today im quite surprised oil is up nearly $2. It should be down $2, but I think it was Boone pickens $100 oil by 2016 that's pushing oil up today. Of course he never even predicted the collapse so why even listen to his $100 oil call.
 
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