ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

Thread Status:
Not open for further replies.
  1. JamesJ

    JamesJ

    Do i get it right, that there will be an opening print and iff SPX down 7% or more trading will be halted. So ES could potentially open lower probably at exactly 7% limit down after the auction from 9:25-9:30 and only halt after the opening print in equity markets (which might be a tiny bit after 9:30).
     
    #14531     Mar 9, 2020
  2. FriskyCat

    FriskyCat

    Severe, severe damage already done. The ten year is more panic bid than 2008. Crude down 30+% overnight. Energy stocks in a world of pain. Tech stocks still in the stratosphere. It's very difficult, if not impossible, to plug the unwind of a parabolic top.
     
    #14532     Mar 9, 2020
    Laissez Faire likes this.
  3. vanzandt

    vanzandt

    Yes. I'm pretty sure that's the way its set up.
     
    #14533     Mar 9, 2020
  4. FriskyCat

    FriskyCat

    Out of curiosity (I honestly don't remember), how active was he during the Oct-Dec 2018 correction? I remember the non-stop activity Jan 2019 onwards, but I don't remember a ton of pumping in that pullback. (Also, the Fed was making hawkish overtures most of that ride lower, aside from actually raising rates at the Dec 2018 meeting).
     
    #14534     Mar 9, 2020
  5. vanzandt

    vanzandt

    Yeah I know. The macro ramifications of the domestic energy sector is huge. That said, I'm looking for a solid Permian play on sale. $PAA might have potential. That divy is toast though I'd guess.

    Those parabolic tops... they can be hell on floors.
     
    #14535     Mar 9, 2020
  6. Noone123

    Noone123

    There will be multiple 50 pts movement in either direction. Just look at PA on support.
     
    #14536     Mar 9, 2020
  7. vanzandt

    vanzandt

    Man.... there are some stocks on sale.
    Hmmmm.

    I always said if Square ever hits $56 again, I'm buying that pig hand over foot.
    I'm resting an order at $58... might get lucky on a spike down at the bell.

    Plus Dorsey is getting the boot at Twitter. Hopefully. He needs to run SQ full-time anyway.

    Ahhh.... patience.
     
    #14537     Mar 9, 2020
  8. NQurious

    NQurious

    Can you imagine the margin calls this morning? The Friday afternoon dip buyers are hoping buyers show up to bail them out or that Trump announces no one owes taxes for 2019 or something like that (If I were an adviser to the Presidnet's that is exactly what I would do: Refund everyone's 2019 taxes).

    Anyone long CL at the close had all their margin wiped out and then some, and then some more ...


    Not a call ... just math that works.

    [​IMG]
     
    #14538     Mar 9, 2020
    Laissez Faire likes this.
  9. vanzandt

    vanzandt

    He might put tariffs on foreign oil. Claim national security.
    Can he do that? I think he can, if its national security. He can say $45/barrel. Unleaded will still below $2.50 for most of the country... below $2.00, who's gonna bitch about a tariff on Opec. Nobody gives a f if they are paying $1.80 at the pump.

    I'm looking at Kinder Morgan @$16.50. That dividend is safe too. That'll be about an 8% div yield. Natural gas demand shouldn't drop, I mean besides the usual seasonality. They sell CO2 to the oilfields though. Up until now their oil pipelines have been full.


    Hmmmmm.
     
    #14539     Mar 9, 2020
    Laissez Faire likes this.
  10. vanzandt

    vanzandt

    Good day to just head out early and play 27 B1.
     
    #14540     Mar 9, 2020
    Laissez Faire, Jaydom and NQurious like this.
Thread Status:
Not open for further replies.