DOW futures down 800

keeping my powder dry. There will be some massive opportunities to trade tomorrow.

 

So to alllllllll of those people who for the last months and years said trade the trend what do you see now?

Is the trend still your friend? Hahah

This market just proves that if you did sell thousands of points ago and stayed out that in due time the markets were going to come back to you. I'm actually surprised we aren't below 20,000 yet. If we go into a deep recession and job losses start mounting the markets could easy fall 40-50% ...so selling and taking profits isnt such a bad idea, and even if stocks get away and move into the stratosphere there is ALWAYS a buying opportunity.

 

I'm looking at USO for a bounce. I dont think OPEC is going to enjoy $30 oil

Crazy margin calls tomorrow...

I think OPEC will step in tomorrow or sometime this week, no way are they enjoying $30 oil
This is a massive drop that most of us have never seen...this will create havoc in the markets tomorrow

 

Lower fuel cost acts as a global tax cut.

 

IB just raised their margins on MNQs! Damn it! I was going to do max size. hehe

 

Essentially it is fight between Russia and Saudis. Russia fu we not cutting. Sadies fu we increase production, just to piss you off.

 

odds of price fixing collusion?

 

NQ is a few points away from retesting the lows on 2/28/20

 

Of what year?

 

2/28/20. Look at the chart.