I Have Not Been Able To Exclude The Possibility Of BLACK MONDAY 04/26

SPY Next Week

  • Bullish

    Votes: 55 55.0%

  • Flat

    Votes: 10 10.0%

  • Bearish

    Votes: 27 27.0%

  • I prefer not to say

    Votes: 8 8.0%
  • Total voters
    100
Quote from noddyboy:

Has the EOD buying pattern disappeared?
:confused:
More...
The US market rose from the DAX close. The DAX close was the dip, and people bought. We should gap up tomorrow. I'm 100% long overnight.
 
I think the bears have an upper hand for the next few days. Here is why:

1) yesterday's drop in SPY (-2.4%) was met with extreme VIX jump +30%. the natural interpretation/expectation: excessive fear that will lead to a noticeable short-term bounce.
2) today brings no surprise from the Fed: the market is flat AFTER the news. all we got is +0.8% bounce from yesterday.

basically, i expected a bigger bounce given 1)+2). the bulls clearly demonstrated their weakness today. tomorrow may be critical.
 
Quote from Petsamo:

Shortie, time to take your losses on your shorts. We're going back up. :p

Noddyboy, get back to your 5x leverage.
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Still 2x levered. Sorry to disappoint.
:)
 
And just like that the small 200 point dip disappeared within 2 days.

Good to know the 0% interest rates are in place to keep the markets propped up!!!


:)


Sold my UYG too early at $72 this morning, thought there would be a little dip after the opening but instead they just jammed it higher.

:p
 
OIL 85.35 2.13 +2.56%


Even oil is having fun today, I'm already paying over $3.00 at the pump and enjoying every last bit of it thanks to speculation in oil and no inflation, $3.00 is still cheap.


:p :p :p :p :p
 
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