Futures down 1% - Could Monday be another 1%+ decline?

Looks like a good day to be short volatility come Monday

 

This dead cat was thrown off the empire state building. Let's see how far it bounces.

Tremendously bad news on Corona in the US over the weekend. It's spreading like wildfire. Wait for RTH before calling a bounce.

 

Oil gaining ground and dow futures have seen a huge reversal, up over 200 now!!!

 

Even with superbad news it can't go down in straight line. So 3%+ is quite possible. We LL be great opportunity to dump longs and initiate new shorts
Although Fed can take Chinese playbook and corner markets in whick case record highs no matter what
So must be openminded

 

I made the call Friday night USA was biased to bounce and am maintaining that position, besides, Poopy agrees.

 

I'm hoping for at least a 3-5% relief rally so I can add more short etfs. On Thursday and friday I sold off some short etfs and added a handful of long 2x and 3x etfs
UYG, DDM, MIDU, FNGU, GUSH, QLD. Tomorrow if the markets open strong I'll be quickly getting rid of 1/2 of these positions.

 

You know people are desperate when 200 points is exciting lol.

 

How about 200 ES ?

 

+500 on futures

That was a complete reversal from the opening...wonder if gains will hold at open.

 

giddy af ovah here.....when does the dump commence on all these longs?


BEAR at the ready