Today...Thursday 9:52 am Pacific Dow down .42% Nasdaq 2.17%...What I think it tells me

[destriero]

It looks like the market feels that interest rates will rise quickly and stay up through 2023. The Dow is mature companies with controllable debt...Nasdaq, run for the hills trying to refinance loans, without a good balance sheet.

Thoughts...

I'm long 4K SPX deltas.

 

[Sekiyo]

Look across the board today at who is up/sideways and who is down.

Biotech / Healthcare
Got 3 of them, they ain’t doing bad.
I don’t like to be invested in reactionary indexes,
But I am trying to profit from a potential short term bounce.

It’s a sucker game to anticipate,
Right now the dynamics is downward,
But I like the idea of a short term bounce.



Still think ES goes to 3k (3rd leg)
But who knows ?! Day after day.

Stay safe.

 

[misterkel]

Markits will tern when Fehdural Ruzerve sterts pumpin' agin!

 

[Clubber Lang]

Markits will tern when Fehdural Ruzerve sterts pumpin' agin!

2025

 

[Overnight]

I'm long 4K SPX deltas.

I am going to assume ye be bullish, in my banal understanding of options. Yay, go bulls!

 

[ET180]

I am going to assume ye be bullish, in my banal understanding of options. Yay, go bulls!

Unless he's also short an equivalent amount of ndx deltas. I suspect that's not his full book.

 

[Overnight]

Unless he's also short an equivalent amount of ndx deltas. I suspect that's not his full book.

That is assuming the NDX and SPX track the same amount of movement. I would not think that is a hedge he would attempt because it would not make sense going into a NFP, and then the Fed decision in 2-3 weeks.

 

[maxinger]

sadly, the day range is decaying.

date, NQ day range

26 aug, 660 points
29 aug, 200 points
30 aug, 400 points
31 aug, 230 points
1 aug, 280 points

day traders like huge day ranges.

 

[Overnight]

sadly, the day range is decaying.

date, NQ day range

26 aug, 660 points
29 aug, 200 points
30 aug, 400 points
31 aug, 230 points
1 aug, 280 points

day traders like huge day ranges.

Max, are you sick in the head? Those are great ranges, every single day.

Don't make me make you pull up 2017 ranges! Be grateful for what you got now!

And there is a 100% guarantee that tomorrow's NQ range will be more than 300 points. Bank that one, dude.

 

[maxinger]

Max, are you sick in the head? Those are great ranges, every single day.

Don't make me make you pull up 2017 ranges! Be grateful for what you got now!

And there is a 100% guarantee that tomorrow's NQ range will be more than 300 points. Bank that one, dude.