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Teachers have been on strike for the past 5 days here in Arizona. All my son has been doing the past week is playing Fortnite with his friends.
Mine is in a charter school, and they've been going the whole time. Which was quite a relief, 'cause we have plans starting the day after school ends.
https://i.imgur.com/Crw0yx2.png
Although I've sold about 30% of my position this morning. The 200day has survived nine prior tests since the late January high. While we are in the max acceleration phase the heart of it does not start until May 9. Then nothing will stand in its way. On May 8 I will be going to 100% short.
I think you need bad news out of China or a super hot NFP for it to break.
A guy I follow's model, which is based on Animal Spirits. I'm hesitant to post his name and what not as I'm not looking for the guy to be picked apart and lambasted. I'm in this win or lose, but don't expect others to follow along. He's got historical data going back to the '60's on his model. It was very accurate up until 2011 or so, then the market's exuberance threw it off. It looks like the model is back in rhythm.
was in Monday for 1000 @ 7.12 and again Tuesday 1000 @ 6.90 ... for 2000 @ 7.01.... sold 2000 today @ 7.42 = $820
It was worth buying, although, CNBC just flashed the kiss of death on the screen:
Just shows you how much the market is driven by these programs. That’s why long term investing seems to always beat day trading. There are much bigger people out there who move things way more than the little guy.
Hopefully to be known as The Real Good Friday for the last of my life GB.
... for the week I'm up about $1100 with tvix. Here's what I've learned about this money pit ...
Dude, unless you consider yourself one of the smartest day traders on Earth, you're eventually going to kick your teeth kicked in on this.Bossman said:
The iPhone 7 is still more popular than any other company's smartphone. Think about how insane that is.
Have to admit that's probably good advice.
Well, this is where patience is needed. I expected the bounce after the test of the MA, next week will be proof, one way or another.St. Louis Bob said:Hopefully to be known as The Real Good Friday for the last of my life GB.
I'm not going to pick anything apart, but I'll say one thing; I'm always skeptical when someone says something is going to happen on a specific date.
Yeah, I can understand your skepticism. I don't expect the last crash all over again at all, but a very healthy correction. I did work my into the position on 5/26 as noted, moving about 70k through three different stocks (SDS, SDOW, QID). During the week, I played SDS a couple of times to ride the wave, buying and selling, and finally pulled out about 20k on Thursday morning after we bounced near the MA. I was up about 3k before today, which wiped out about half of that. I'm in about 50k currently, and am looking to put another 30-40k in once we hit 2681 on SPX, or before closing on Tuesday, whichever happens first.
Did this net you something on the order of 10 grand on Friday? Or did you get down to five of them and so you’d only get about 3K?
Good article, and reletively low risk play at current valuations. I've had my toe dipped in GDX, which i might increase soon.
A straddle at a strike price of $33 will cost about $500. So if you think the stock is going outside $38 or $28, that works. But that requires a move of almost 20% on earnings so I’m steering clear. It’s just too much to move. The Calls are a bit more expensive and the stock was up 5% yesterday so I’d buy Calls, myself, at $35 ( listed as $160 per contract) but then the hedge is gone.
