stopped out of naz .... grrr
short dow future at 17710
out at 17250....profits were burning a hole in pocket
stopped out of naz .... grrr
short dow future at 17710
the market is currently retracing "Draghi Day"...that ramp-a-thon when sentiment was wildly bullish...it seems 2020 cash is on everyone's radar as support...I didn't think that it would get here this fast.
will wait for the s$p to drop below 2000 before trying any long positions.....I want to go long the s$p today but waiting it out....however I feel they will some how though turn this red into green by the end of the day!!
I bought IBB at open today.
LONG GUSH at $11.92!
if oil breaks $40 this is going to fall pretty hard, but Ill just average down....Oh and if oil breaks $40 the markets are going to fall hard as well.....
I haven't traded any biotech in probably 2 weeks, Im waiting for an extreme move in either direction....really waiting for biotech to probably take a good 10% drop before going long....Still watching LABU, will buy back in under $16. Still own a small position though....Own LABD in the lower 40s and will be selling that in the 50+ range!
I have losers too. But just wanted to point out that IBB is +2% even if things look bad for SPY.
long VRX, panic selling is overdone at this point