If I may, when you say "price gyrations", what do you mean by that?
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Oil at 36.... If that doesn't signal a world wide recession I don't know what does.....
The markets are setting up for a big drop...don't be surprised by a 30% drop!!!!
Or are the markets starting their sell off ahead of the Dec 16th fed announcement where they drop so hard and fast that the fed changes their mind and keeps rates at 0%???????
By the way with oil dropping to levels not seen in years do you think will see food prices come down or those extra fees all those delivery companies placed during the oil rise???? Haaaaa who am I kidding... Prices will remain sky high even if oil gets to $20
By the way where are all those $100+ oil predictors?
Not one person saw oil collapsing like this...just keep in mind there is no one calling for Dow 7500 so just keep that in mind
Fools
S2007S you have done some very good trades in oil (DWTI) and Gold (DUST) so this really is your type of trading market. I like this trade as well. I just always have to remember the bounces happen quickly and sometimes overnight.
Not sure that they will hike at this point or not. But gut feeling is that if they pass on the hike there will be a pretty big rally. Market is starting to price the hike in right now. With or without a hike the market looks tired, weak....long running bull stories all over wall street breaking down in pretty much all sectors except airlines. And yes, it was one hell of a bull run. Bull runs always finish at some point just like bear markets.
But most assure, the bulls have put up a hell of a fight until now so if we do see some decent drops, look for quick squeezes and bounces for a while as they fight to continue to keep the ship afloat. Be very careful about shorting into the hole.
Apple, GOOG, Amazon will all rally "here and there" and create quick bounces that will make the market behavior "look" like the bull market is still intact. Its tough to trade the early drops in anything but with 24 hours ES monitoring. They may shift the bigger drops into the night sessions. And then bounces as we approach NY session.
If the Fed passes on the rate hike Dec 16, then it may open the door for Draghi and Abe to QE quickly...in this case no market drops would be expected to last and buying on the dips continues.
I also think that Biotech ETF LABD still has some dropping to do yet.... of course with spike bounces as they squeeze here and there.
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This is one of the longest bull runs in history and like all bull markets They always end....this time though it's the fed that has kept this bull market rally intact since 2009...as I said the fed has created an illusion of an economic turnaround....it can only last so long. The longer this market goes to the upside without a real meaningful pullback when it does happen its going to quite massive.....I'm talking at least 40%%.
The fed will move this month, its a certainty. Fed fund futures has it priced that way and its likely to stay that way with less than a week away from the next FOMC. Unless the stock market crashes the fed will move next week.
But all that has been priced in, what is unknown is if the fed will continue to nudge rates higher next year, or if they will adopt a wait and see approach. Its hard to justify hiking again when inflation is so muted. I got a feeling the dollar will actually tank once the fed gets off ZIRP.
surprised Vis is not riding the ES down from early this morning?
2050 is what I am watching...if it breaks with good volume I will ride it down a bit. But its already dropped a good bit from the Asian session so Im not sure any further downside
2050 is what I am watching...if it breaks with good volume I will ride it down a bit. But its already dropped a good bit from the Asian session so Im not sure any further downside
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today's ES short squeeze mirrored crude oil
Hey Pricechange, I shorted ES at 70...but didn't post the trade, but still in it....