Election theme

Yep PD has gotten direction correct with a very high win rate lately. Anybody that followed with size trades made out well. It's worth noting, to the (seemingly) many new members, that PD has been on ET for at least 20 years. He changes nicks when banned or pissed off.

Good trading to all.


PoopyDeek said:
Slowing of deaths in NYC. Minimum of +500 Dow.

 

We posted a bear GFR today. We should drop 80 tomorrow (minimum) on SPX barring news. Later peeps. I am out for a time.

 

GFR means? Thanks.

 

well, whatever GFR means, 80 SPX drop did not happen. Still looking at 2868-ish to go short.

 

Can't win em' all poops, but good trading.

 

AND


Time to set up short on the ES/SPY? Giving it 50-100 points of error margin.

 

I'm the biggest bull here, but I really can't see a V recovery here.

Leaning short, for 100-200 at least downside on SPX.

Then again, if everyone is thinking like this, here comes 3200.

 

Then you are not the biggest bull here

 

Time to start setting up short biased positions?
With less than 100 points of error margin.

 

I am long ES from 2805. I think this is the beginning of the final leg up, with the US and Europe planning to reopen the recovery will probably continue the next few days.

I do think we'll see a recession this year, but potential catalysts seem to be at least a few months away. A second infection wave is one candidate, Q2 earnings is another, maybe inflation concerns (?)