SP500 back to $3300 by end of month

[tommcginnis]

Who cares where the spoo goes eventually? Trade the intraday swings. Boom and done.

That reads like "The Newbs' Guide To Financial Markets."

 

[waitwhat?]

That reads like "The Newbs' Guide To Financial Markets."

Whatever works for everyone

 

[orbit23]

Buying stocks here is like picking money from a tree. The best week for the stocks IN HISTORY is coming next week.

Jokes aside, you truly should be buying here, not selling. The panic is at a maximum right now. Buy the blood. 3300 might have been an exageration, but 2950 SPX is very possible IMO.

 

[hhiusa]

Buying stocks here is like picking money from a tree. The best week for the stocks IN HISTORY is coming next week.

Jokes aside, you truly should be buying here, not selling. The panic is at a maximum right now. Buy the blood. 3300 might have been an exageration, but 2950 SPX is very possible IMO.

Thanks. I took a screenshot for safekeeping next week.

 

[ensemble]

Hard to say, I have pretty limited data. But rising vol + heavily short delta positioning would imply further downside.

FWIW, SPX declined 302 points from 13 Mar when I posted this.

Net delta turned positive today for the first time since 20 Feb.

 

[hhiusa]

Interesting pattern emerging lately

 

[misterkel]

until either the pandemic is declared a nothingburger or supply greatly exceeds demand.

if infection rates continue to mirror Italian infection rates we won't even be in an actual panic until April, and then who knows how long it will be before the medical system can take the burden caused by the virus.

Interview with a German virologist -highly credentialed. Worth watching for a different take. Some really good facts.

 

[misterkel]

FWIW, SPX declined 302 points from 13 Mar when I posted this.

Net delta turned positive today for the first time since 20 Feb.

View attachment 222534

What is net Delta? (I know what delta is re: options, at least.)

 

[misterkel]

Markets crash down, not up. Optimistically we'll be recovered by July-August if we reversed right now but more likely we'll see a bit more downside action before the recovery.

Markets can 'crash' up or melt-up, as it's called. Main trigger is short-covering. That does apply in this case as major markets are heavily shorted.
I also strongly believe (as if my belief matters, lol) - the PPT will help the Institutional money get repositioned out of their shorts through repo bullshit. When they are sufficiently long, up it will go. But, yeah, probably slower and steadier than the crash. Still, there will be jumps. Don't know about limit up days.
Speculatively, the 'panic' selling of last week and the stop-hitting of the first part of the crash allowed the short covering to be largely completed. The repo carry trade will allow money to flow in again.
But it's all pretty murky, so don't mortgage on my advice, please.

 

[yc47ib]

Interview with a German virologist -highly credentialed. Worth watching for a different take. Some really good facts.

Thank you for sharing this, the questions is the market used this to deflate, when this will settle and turn, is the question for me as a trader asks.