S&P Futures Opens Down 20 Points!

[S2007S]

I don't recall we've opened this low in the last 10 years. Does anyone have the news?

News????

Really..you need news? It's the virus. 5 cases now in the US. Everytime news comes out of another case the markets take a dive...

 

[Laissez Faire]

Not with 20 point drop. This is completely a different ball game.

Well...

The 6th of January opened gap down -19,75 points, but closed the day 51,75 points higher.

 

[S2007S]

Now down 34.
Corona seems to be the excuse the market's been waiting for to sell...

And future markets are pretty choppy with almost empty depth right now considering it's "only" down 1%...
My guts tell me this might become down 2% till the open, unless we get the "it's all good tweet" from Mister T.

He'll be there with his tweets, markets will reverse course and everything will be peaches and cream. Have zero worries. The cure will be here in weeks and everything will be rainbows and pretty butterflies..no need to worry

 

[schizo]

Everyone is nervous, haaa..too funny. No worries, if this virus threat shaves 5% off the markets the fed will lower rates to 1% and so on until they are negative...have to keep the market propped up some how. And aside from that I'm sure within weeks they will find a cure for the virus and the markets will once again be in their happy place.....

Coronavirus death toll rises to 56, five US cases confirmed. Fifth US case of coronavirus confirmed as China warns people can spread the virus before they feel ill.
https://www.cnn.com/2020/01/26/us/coronavirus-orange-county/index.html



Coronavirus ‘whistleblower’ nurse says China has 90,000 sick
https://nypost.com/2020/01/26/coronavirus-whistleblower-nurse-says-china-has-90000-sick/

 

[schizo]

If the trendline (the lower line) is taken out, we might not get a another shot above 3300.

 

[lindq]

Coronavirus death toll rises to 56, five US cases confirmed. Fifth US case of coronavirus confirmed as China warns people can spread the virus before they feel ill.
https://www.cnn.com/2020/01/26/us/coronavirus-orange-county/index.html



Coronavirus ‘whistleblower’ nurse says China has 90,000 sick
https://nypost.com/2020/01/26/coronavirus-whistleblower-nurse-says-china-has-90000-sick/

For perspective, in the U.S. last year 80 thousand people died of the flu, with 7 million infections.

 

[Overnight]

For perspective, in the U.S. last year 80 thousand people died of the flu, with 7 million infections.

But the flu is countered with a vaccine. This thing is not.

 

[KCalhoun]

I went Short over $11,000 by buying TVIX SQQQ etc. last week, yippee kayo unless there's a dreaded tweet lol; I held into the weekend, because this ridiculous overbought rally is overdue for a bear hug; either I'm up or down a lot tomorrow... i love trading

In trading inverses for over a decade, i learned the hard way to 'buy the dip, sell the rip', so i'm gonna use trailing stops ... thoughts?

 

[Deez]

I went Short over $11,000 by buying TVIX SQQQ etc. last week, yippee kayo unless there's a dreaded tweet lol; I held into the weekend, because this ridiculous overbought rally is overdue for a bear hug; either I'm up or down a lot tomorrow... i love trading

In trading inverses for over a decade, i learned the hard way to 'buy the dip, sell the rip', so i'm gonna use trailing stops ... thoughts?

View attachment 217729

I would hedge it now because likely rally to flat by the open tomorrow IMO

 

[notagain]

When China sneezes, the world catches a cold