Gotta love ZERO RISK in the SP500 = $$$

romik · Nov 29, 2015

On the other hand...

http://beforeitsnews.com/self-suffi...ce-and-changes-them-for-the-gold-2497438.html

Rickshaw Man · Nov 29, 2015

Look for "weaker than expected" data this week to give the federal reserve cover to keep rates unchanged..

Pricechange · Nov 29, 2015

romik said:
As far as I am concerned it's rather simple, whenever a real selloff is expected it would be evident via futures pre-open as stock holders will be hedging against a selloff, what we have seen on Friday as a reaction to China is not worrying. Let's see what happens tonight. US indexes have made it above 200 Daily SMA, DAX has made it above it last week, FTSE is below it and China too.

August sell off was marked by China eventually falling through that SMA, the world followed as the rest were drifting near it.

bad news anywhere is good news to the US as long as world central bankers are either in QE mode or hesitating for 10 years to hike .25 (deep dovish). Even if they hike .25, poor data following this will prevent any more hikes for months and months and may not happen

it turns out in a completely dovish Fed controlled environment, the market does not require good earnings or even truthful earnings, world growth of any size at all, peace, stable emerging markets, a china growth story, stable crude prices, low or even moderate USD, stable IPO market, good or even moderate Christmas sales, stable base metals/world commodities or even stable political environments in Europe/South China Sea/Middle East

In fact, if your bearish or generally trade on the short side you could short any of the mentioned above at will and make good (very good) money for quite some time to come (except the USD which is a bullish play)..

Visaria · Nov 30, 2015

short CL at 4195, stop 4255, target at least 4100

Rickshaw Man · Nov 30, 2015

Oh look the index futures are up overnight....SHOCKER!

Visaria · Nov 30, 2015

ok, chancing a long here at 1202.8 on tf, stop 10 points

Visaria · Nov 30, 2015

Visaria said:
short CL at 4195, stop 4255, target at least 4100

grrr, stopped out, only went 1 tick higher.

noddyboy · Nov 30, 2015

Rickshaw Man said:
Oh look the index futures are up overnight....SHOCKER!

Lunch time and market is up!

Rickshaw Man · Nov 30, 2015

Sell off what sell off, the magic index futures are working to erase the sell off on 1/10 the volume, magical don't you think.

Pricechange · Nov 30, 2015

Visaria said:
ok, chancing a long here at 1202.8 on tf, stop 10 points

I think right now, because of China overnight and lower than usual volume, its better to wait for any dip (smaller dip is fine), watch how the dip acts to feel a bottom in the dip and then buy it...instead of looking for upward movement and then riding it higher. Higher side seems to have some limits currently, where lower side just gets bought every time. This may change as China state starts propping their market again and volume picks up into the week.