the top is in

treeman · Feb 19, 2021

Haha. P/E ratios and fundamentals. I’ll see you in 2023.

KCalhoun · Feb 19, 2021

Overnight said:
That is the pattern you will see most of the time in a bull market.

A drop through the morning. Sometimes it will bottom at 10:30AM ET, like it did today, AGAIN, sometimes it will happen earlier or later. But then the inexorable rise into the afternoon.

good point; I tightened t/s inverses in case mkt bounces now; sqqq had a bit of move up

interesting identical sp patterns wed/thur

treeman · Feb 19, 2021

Head and shoulders are reliable patterns, because they are distribution patterns. A break below 3880SPX confirms.

Overnight · Feb 19, 2021

KCalhoun said:
good point; I tightened t/s inverses in case mkt bounces now; sqqq had a bit of move up

interesting identical sp patterns wed/thur

View attachment 252492

Today not so much, since it's spooky op-ex Friday on the monthlies! I wonder how many reddit users who sold options are getting ass-pounded right now?

remoteControl · Feb 25, 2021

still short. see you on black monday.

zghorner · Feb 25, 2021

remoteControl said:
still short. see you on black monday.

Ive got some VIX and SQQQ calls just in case.

tomkat22 · Feb 25, 2021

remoteControl said:
still short. see you on black monday.

Congrats on staying solvent longer than the market has stayed irrational. You must have some deep pockets.

HeSaidSheSaid · Feb 25, 2021

was there a bad catalyst for today's selloff? didn't see one. even gold, bond, and utilities were also sold off.
Japan's inflation rate has remained low for the last 30 years even with all the endless QE pumping, and people are talking about inflation. it seems the same old speculation of inflation fear is being re-cycled.
https://tradingeconomics.com/japan/inflation-cpi

treeman · Feb 25, 2021

It was, and is, a sector shift from growth to value. Today wasnt the last day. These rotations can cause pain.further downside ahead.

If you’re still buying aapl, tsla, nflx after today, you’re leaving money in the table. $fang>faang now.

S2007S · Feb 26, 2021

No worries no worries. We have seen this market action how many times??? We all know the routine. Just buy because markets will be at historical highs in a couple of weeks. The top is not in, this is just another buying opportunity along the way of an 87 year bull market.

Futures will turn bright green on Friday.

US 30
31,185.0
DERIVED
01:01:13 | Futures
-186.0 -0.59%

US 500
3,807.25
DERIVED
01:01:13 | Futures
-20.75 -0.54%

US Tech 100
12,701.25
DERIVED
01:01:13 | Futures
-130.50 -1.02%

Small Cap 2000
2,162.65
DERIVED
01:01:17 | Futures
-37.35 -1.70%