The Grinch Who Crashed Wall Street... Santa Selloff

KCalhoun

KCalhoun

I've been anticipating more selling since September.... maybe now's the time?

I was right to short oil weeks ago with SCO, and natural gas with KOLD. And small caps with TZA.

What do you think? I'm looking for a correction here.

Targets s&p 4300 btc 44k by dec31
 
Last edited:
You're fighting a strong trend and strong seasonality. The Grinch did sort of steal Christmas in 2018, but the market came roaring back the last few days of December....then 2019 was a banner year for stocks.
 
MKTrader said:
You're fighting a strong trend and strong seasonality. The Grinch did sort of steal Christmas in 2018...
but the market came roaring back the last few days of December....then 2019 was a banner year for stocks.
More...

That was because of Trump's Tweet..."Looks like a good time to buy stocks". THAT is what kicked off the rally.
 
Overnight said:
That was because of Trump's Tweet..."Looks like a good time to buy stocks". THAT is what kicked off the rally.
More...


So, December is overall a good months for stocks on average, but you are 100% sure it was a Trump tweet? LOL, you are the gift that keeps on giving! Merry Christmas!
 
KCalhoun said:
I've been anticipating more selling since September.... maybe now's the time?

I was right to short oil weeks ago with SCO, and natural gas with KOLD. And small caps with TZA.

What do you think? I'm looking for a correction here.

Targets s&p 4300 btc 44k by dec31
More...

In the interest of disclosure we should note you have been calling for a correction every month since April 2020. And that you made numerous really, really bad calls on shorting Oil this year ( you started a thread to buy SCO twice within a day of a massive rally in WTI ). I was quite confidant that the moment anything corrected you'd be on here saying you called it. So here we are.

I'll give you KOLD was potentially a good trade but I doubt you really had any size in it until it hit $10. Just for reference, the performance of your favorites Thursday and premarket today :

SCO -5%, premkt -4.6%
KOLD +6%, premkt -6.5%
UVXY -8.6%
TZA -8.4%, premkt + 1%
 
Last edited:
SoyUnPerdedor said:
So, December is overall a good months for stocks on average, but you are 100% sure it was a Trump tweet? LOL, you are the gift that keeps on giving! Merry Christmas!
More...
Omicron is not as deadly than the other variants the only reason we are not seeing a complete selloff.

Major indexes are extremely indecisive but downside pressure seems much heavier.
 
Last edited:
You must log in or register to reply here.
Back
Top