Gotta love ZERO RISK in the SP500 = $$$

[Visaria]

if they don't lose their nerve, looking at 26600 on the dow future today

bot at 26440 dow futures

Out at 26600

 

[arbuckletboone]

L 2837

out here at 2872
+35

still holding 2852 (the one everyone thought i'd get killed on , lol)
Will cover this at 2900 area

 

[Aj2014]

Hmmmm, even a clean 6% drop would put markets back to where they were just 3 weeks ago!!!
Even if there was a 20% drop it would look like a little blip on a 9 year Dow chart!!

this is why the people who are 'long only' and have been for years and years don't get worried and panic when once in a blue moon there is a large daily down candle and everyone is screaming 'crassshhhsh!!!!!''

Because in order for the market to wipe out all of the profits made over the last 5 years, it would have to make a move that simply will not happen. There'd need to be World Trade Centre type terror attacks every week lol

 

[jamesblacktrader]

hourly chart looks ready to explode to me. ANnyway, awesome week. Catch you next week

 

[Tsing Tao]

 

[RRY16]

Covered your short yet?

 

[jamesblacktrader]

I think 3k next, then back to 2500, then off to 4-5k

 

[Visaria]

long 26591 dow future for the weekend risk premium

 

[jamesblacktrader]

it's still moving up in the after hours as expected.
Glad I got back in long, but shame I closed a large percentage of it initially

 

[S2007S]

That chart is damn scarrrrrry.....
Looks like there is nothing but air at this point underneath that chart...sky high and ready to just take a big turn south......I have a friend who has been in this market for a decade+ and for the first time ever he is starting to worry and is shaving off positions....this is someone who has never thought about selling a single share of stock....