Futures selling off. Oil surging right now.....still have some hours left before the opening so things could change.....hopefully SPXS and SOXS don't rally again....I will be ticked off. ..still own short etfs so might go long tomorrow if markets take a small 1% dip but will be watching 2040 on the s$p. Could get very rough into the Fridays closing.
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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Wowowowowowwwwww
Futures just sinking.
This is going to be an interesting Thursday....
S$P is going to break 2040....
October lows are my prediction since the Dow has touched historical highs.
October lows and a vix above 40....its coming
DOW FUT17480.00 -169.00 -0.96%
NAS FUT4271.00 -52.50 -1.21%
OIL51.32 2.11 +4.29%
Futures just sinking.
This is going to be an interesting Thursday....
S$P is going to break 2040....
October lows are my prediction since the Dow has touched historical highs.
October lows and a vix above 40....its coming
DOW FUT17480.00 -169.00 -0.96%
NAS FUT4271.00 -52.50 -1.21%
OIL51.32 2.11 +4.29%
With a few more down days and break in support on the s$p and I can almost guarantee that the fed is going to step in....once the market nears a 10% correction the fed will be out in full force propping the market up with talk of not raising rates at all in 2015....if that doesn't work and markets go bearish expect QE 4.
The fed cannot let a collapse take place since they have zero ways left to prop it back up.....
The fed cannot let a collapse take place since they have zero ways left to prop it back up.....
I agree but don't you think once market drops 30% and you panic, it is already late to sell?
It would be interesting to know how you invested your "long term money" ( not speculative ) from 2009-2015 and whether that money outperformed US indexes or not. I believe many people got out of equities ( or reduced their exposure a fair bit ) at some point based on the idea the bull market couldn't go higher, then it went much higher. Meaning only "buy and holders" of index funds got the whole move. Sure, they may give back some of their gains if a correction occurs, but selling in 2012 or 2013 or 2014 would have greatly reduced what they earned.
I'm not sure who you think will panic on a correction. Weak hands who got burned in 2008/2009 either swore off markets or learned that selling after a crash was bad. Those who rode the market up are sitting on large profits, and they won't lose the majority of their profits. The mania of everyone buying stocks near the end of a bubble ( like the dot com ), well, we aren't even close to that situation yet. Ordinary people just aren't into markets like they were in the late 1990s, people are more conservative with their money.
I agree but don't you think once market drops 30% and you panic, it is already late to sell?
Sure, but that's not what we've been discussing. I'm simply saying that this week's market action is a blip from a long-term perspective, and the long-term trend is still up.
Long a tiny amount of SPXL @85.90
Looking for a green market by afternoon ...will sell then..
.
Down on my SOXL trade from yesterday...only own 30 shares though.
Stock moves 5-10 a day...
Congrats again. Today was a tough one to BTFD.
today was the bottom
long SOXL @ 121.8
long SOXL @ 121.8
today was the bottom
long SOXL @ 121.8
very nice, I'm waiting for $140 to sell 1/2 position and $150 to sell the second half, by that time Ill be back in SOXS, I made some okay money in that but if I waited just one extra day I would have made close to a $1000, was holding 650 shares!! Will be a buyer of SOXS under $11, which could happen in a few days if the nasdaq rallies back to 5000....right now waiting for a minor bounce in SOXL which should be coming soon, if not no worries I don't have many shares, if it drops Ill add more......
Also missed out on JDST pre market this morning under $9.00 was going to buy but said Ill wait for the open, since then its nearing $10.50, another big ouch. Coulda Woulda Shoulda.....
Aside from that waiting to see the final hour of trading, every time it looks like its going to break out the markets turn red again. Don't know if I should go long or short into the close, maybe just stay on the sidelines for now!
very nice, I'm waiting for $140 to sell 1/2 position and $150 to sell the second half, by that time Ill be back in SOXS, I made some okay money in that but if I waited just one extra day I would have made close to a $1000, was holding 650 shares!! Will be a buyer of SOXS under $11, which could happen in a few days if the nasdaq rallies back to 5000....right now waiting for a minor bounce in SOXL which should be coming soon, if not no worries I don't have many shares, if it drops Ill add more......
Also missed out on JDST pre market this morning under $9.00 was going to buy but said Ill wait for the open, since then its nearing $10.50, another big ouch. Coulda Woulda Shoulda.....
Aside from that waiting to see the final hour of trading, every time it looks like its going to break out the markets turn red again. Don't know if I should go long or short into the close, maybe just stay on the sidelines for now!
Okay, went long SPXS at $19.70, lets see where it goes, will sell ay $20+ if it gets there by the close!