Who else thinks a Correction or CRASH may be coming? My top call #2 1/9/2021

volpri · Jan 18, 2021

smallfil said:
The easiest excuse would be raising the capital gains tax which is coming soon. Joe Biden has already said he will raise capital gains rates. That would be the catalyst they would cite as the reason. Watch out for CNBC to say that as the reason. Truth be told, the big boys (mutual funds, brokers, banks and hedge funds) can crash the stockmarket tomorrow if they wanted to.

Well americans made their bed ....now they got to lay in it. So does wallstreet.

smallfil · Jan 18, 2021

volpri said:
Well americans made their bed ....now they got to lay in it. So does wallstreet.

I am sure the hedge funds would get more tax loopholes exempting them from their buddy politicians in Congress. Any increase in capital gains taxes probably, will hurt average joes trading or investing in the US stockmarket. Those filthy rich and can pay for tax loopholes, have nothing to worry about.

volpri · Jan 18, 2021

smallfil said:
I am sure the hedge funds would get more tax loopholes exempting them from their buddy politicians in Congress. Any increase in capital gains taxes probably, will hurt average joes trading or investing in the US stockmarket. Those filthy rich and can pay for tax loopholes, have nothing to worry about.

Could be could be. Nevertheless, now the average will have to drink the dregs from a bitter tea.

antares66 · Jan 24, 2021

Should i consider selling ES or NQ in case of a crash scenario? It would give me more leverage as inverse etfs but the risk would be much much higher.

botsmarok · Jan 25, 2021

Yes, it might drop by the end of January. There have been some assumptions

noddyboy · Jan 25, 2021

VIX up today. Too much fear in the market. Everyone is short.

KCalhoun · Jan 25, 2021

Right re VIX up early; big drop then bounce in S&P was exciting... UVXY nice breakout.

KCalhoun · Jan 27, 2021

uvxy way up, im buying inverses again soon premkt

spy down

vanzandt · Jan 27, 2021

KCalhoun said:
uvxy way up, im buying inverses again soon premkt

View attachment 249981

spy down
View attachment 249985

I'd btd and get long FAS right now at $60 and change.

There were a lot of short positions opened in the last two days on the S$P. Once it starts up, they'll scramble to take the profit.

EDIT: UPRO @80
Not the financials.
I never trade these 3X things.

Edit 2: But I think I will today.
Gonna wait a few to get long that thing though.
Big support around 379.60ish

KCalhoun · Jan 27, 2021

i bought faz etc, scaled into inverse swings a bit (2 accts). watch vix/trin/uvxy today

current weight = roughly 15k in inverses, will scale if they go up l8er in week