Someone Yelled Fire In The US Equity Markets Today.

[jeffreyskeldon]

So many people wondering why the markets are getting hammmered today. I guess it will never cease to amaze me

Ramoutar, on what trigger event and on what day and level did you sell short the market?

 

[Zzzz1]

HUUUUUUGEEEE. Does that remind you on a certain president? Small fingers but HUUUUUUGEEEE. I guess in a society where everyone has an atm shoved up their ass and wears helmets to play rough sports a 1% move in equities must come across as HUUUUUUGEEEE. Man, we really need a world War ASAP to get people back to reality.

The S&P and Dow are down a huge 0.75% as i type this.

Perhaps they will end the day down -1.5% that will something worth writing about.

 

[Zzzz1]

Wow, fantastic crystal balls. You must be loaded to the hilt with shorts and make a killing on this huuugeee down day. Amazing the analysts we have on this board. Unfortunately they are all hindsight analysts (not that I am surprised about this).

Well I've been cautious for a correction for the past few weeks.(Again I'm usually early and when the market doesn't do what I expect the following few days instantly, I get wishwashed into thinking I'm wrong and that the market must be right(market was still catching bid and making HL's)).

Anyways there were a lot of clues to today's action. The main being that volatility finally got setup. I posted yesterday that a lot of yesterday's moves were strictly based off volatility. Also Nikkei has been getting weaker as well as the U.S. dollar. But yesterday the huge divergence in the internals and not only that, but ES made a lower low vs the other indicies....and I was absolutely puzzled as to why at the time.

I've been having a bearish NQ signal for a while now...but as NQ made new all time highs today, I got swayed with the sheep thinking it would be another bullish day but good thing I was not trading that or else I would of lost a crap ton as it made a new high and then dropped a million points.

The frustrating part was that I saw YM, ES, and TF all hit resistance areas at the open but instead of selling I just watched as my bias was bullish for the day. (with vxx making new lows as well) VX futures on the other hand made a HL and was pretty much at support on open....I blinded myself as to the signal as it has been reinforced the past 3 months that tracking vol has been futile.

Anyways good to see volatility back up. I have gotten complacent with the no volatility environment. If anyone of you "knew for a fact" that today was going to be the outlier day congrats. I only "suspected" we could, but again got too used to the entire year's movement.

 

[RAMOUTAR]

Ramoutar, on what trigger event and on what day and level did you sell short the market?

The event and the day.
https://www.linkedin.com/pulse/where-market-headed-jai-ramoutar-jr-

 

[RAMOUTAR]

HUUUUUUGEEEE. Does that remind you on a certain president? Small fingers but HUUUUUUGEEEE. I guess in a society where everyone has an atm shoved up their ass and wears helmets to play rough sports a 1% move in equities must come across as HUUUUUUGEEEE. Man, we really need a world War ASAP to get people back to reality.

"BIG LEAGUE"

 

[Crude Man]

So many people wondering why the markets are getting hammmered today. I guess it will never cease to amaze me

Its reaction to the FBI investigation into Trump. The market is skittish that he could be on his way out.

We need another 10 more days of this, a nice 200 point pull back in the ES would be great.

 

[RAMOUTAR]

Its reaction to the FBI investigation into Trump. The market is skittish that he could be on his way out.

We need another 10 more days of this, a nice 200 point pull back in the ES would be great.

Agreed! A pullback would be "very healthy" for this market.

 

[stevegee58]

Agreed! A pullback would be "very healthy" for this market.

...and for my bearish butterfly positions.

 

[DallasCowboysFan]

Its reaction to the FBI investigation into Trump. The market is skittish that he could be on his way out.

We need another 10 more days of this, a nice 200 point pull back in the ES would be great.

I am going to assume that it was just a self fulfilling prophecy.

Every day for the last 2 weeks CNBC, Stocktwits etc....have been saying ....
....it's been 100 days since we had a 100 day drop in the DOW...
...in the first 100 days of this year we have had 0 down days of 100 points or more and in 2016 we had 10...

The media created 100 different ways to look at it and I think that the institutional managers and they guys at home finally decided to buy some puts or take some profits before the 100 day reference was at the end of its run.

 

[RAMOUTAR]

...and for my bearish butterfly positions.

I feel we're going to end up down this week. Too much bearish static.