This is the first time I'm hearing this. If you are correct (it does make sense) then this is all overblown. But then again that's par for the course...
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The Brexit Trade...
- Thread starter lindq
- Start date
Realistically speaking, anytime the market is below it's all-time high, it is a buying opportunity. Yes, the bulls will get new highs. They always do. Just not yet. Either during earnings season in July, or else late 2016 - early 2017.I always think that about there be no catalyst and out of no where the markets gap up 5%%%%
Any gap down and the bulls will be riding it back up....they want new highs and will probably get it....this will be another buying opportunity... Rinse and repeat....
S&P held 2000 at a low of 2003 before bouncing off. After hours took us from 2113 to 2120 (resistance on the upside) to 2003 (resistance on the downside). Quite a ride. 117 point swing on the S&P. My aforementioned bear ETF purchases are looking real good right now.
Ok so I still have room to run tomorrow (going on at 2003)...
And by run I do mean skydive down with however far down it goes.
Holy cow... The brexit is happening.
I'm going to be so short tomorrow.
Slow down.....the opportunity for that short was today....don't go in tomorrow at the open short....I went long DXD and DRIP on Mondays gap up.....today's market activity was just a complete joke....if anything I was surprised it didn't drop ahead of the vote....first thing in the morning selling DXD above $19 and DRIP above $7
Careful. While I think this could have legs a few days, initiating a short position with the S&P down 100 points is quite risky. The time to short with confidence has passed. You sold your long position, and you won. Best to not be greedy...Holy cow... The brexit is happening.
I'm going to be so short tomorrow.
Agreed. I may close out my SPXS and SH pre-market. That means that my SPXS position would be opened after the closing bell and closed before the opening bell for a huge gain. I never did a round trip between bells before, though I'm sure many people have.Slow down.....the opportunity for that short was today....don't go in tomorrow at the open short....I went long DXD and DRIP on Mondays gap up.....today's market activity was just a complete joke....if anything I was surprised it didn't drop ahead of the vote....first thing in the morning selling DXD above $19 and DRIP above $7
Agreed. I may close out my SPXS and SH pre-market. That means that my SPXS position would be opened after the closing bell and closed before the opening bell for a huge gain. I never did a round trip between bells before, though I'm sure many people have.
I own SPXS as well...sitting on a loss but not much of a loss....s&p would have to drop about 2% more before that trade goes green.....if anything I might buy some SPXL on the dip....just a small amount of shares.. I think tomorrow the Dow should easily swing 300 points...