Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. Visaria


    For the week, I managed to get that big 1000 point drop that i mentioned yesterday....but reduced my gains by taking lots of crappy little trades.

    Big swings make the big money...all else is pocket money.
    #17941     Feb 9, 2018
    i960 and Buy1Sell2 like this.
  2. Visaria


    I shorted crude oil yesterday at 61.60, covered today at 59. Made more money on that than i did trading dow all day long today.
    #17942     Feb 9, 2018
  3. Overnight


    I missed out on all the action because I had to sit on hands. Gratz to all ye who profited from this week's nuttiness!
    #17943     Feb 9, 2018
  4. Buy1Sell2


    I agree with this.
    #17944     Feb 9, 2018
  5. Or dcb retest of 2640/50 before breaking below 2530 as the 15 min pattern becomes a large descending triangle. In a declining market the first test of 200 day almost always holds the first time. It's the second test that becomes critical.
    #17945     Feb 9, 2018
  6. ih201


    What a day. Last saw it at around 2537, was tempted to go long but did not want to ruin a good day, from being in the red to being green again.

    Anyway - enjoy your weekend all
    #17946     Feb 9, 2018
    Brianharvey and nickynoes like this.
  7. S2007S


    This is insaneeeeee.....22,000 points the Dow has traveled in the past 5 days!!!!!!!!!!

    Dow travels more than 22,000 points in one of the wildest weeks since the financial crisis
    • The Dow Jones industrial average posted its worst week in two years. Earlier in the session, the index was on track for its worst week since October 2008, during the financial crisis.
    • The stock index has traveled more than 22,000 points this week in a volatile few days that kicked off Monday with the Dow's biggest closing point drop on record.
    • Stocks are falling as traders worry about rising interest rates, and volatility as measured by the VIX has jumped to its highest since the market turmoil of August 2015.

    Dow Jones industrial average points traveled
    As of the close Friday, Feb. 9, 2018.

    Day Points traveled
    Monday 5,113
    Tuesday 5,460
    Wednesday 2,886
    Thursday 3,369
    Friday 5,425
    TOTAL 22,253
    #17947     Feb 9, 2018
  8. The slight irony and coincidence....the Dow market has basically traveled to Space and back, o_O
    On the same week the Falcon Heavy rocket was launched.
    #17948     Feb 9, 2018
    nickynoes likes this.
  9. Does the fact it actually breached the 200 DMA today in the cash market, give you pause that it will go lower? It bounced pretty hard off the 200 DMA, but it did breach it. Today's bounce higher could be for opex today. Next week do we resume down and re-test 200 DMA or not?

    Also, any chance we see 2300 soon? We can reach 2300 first and still get to 3000 by year end following in the longer term channel. 2300 will be a massive shake out from here. People are already buying the dip right here from the 200 DMA to 2600. So further downside to 2300 will really shake out weak hands. No one expects 2300. At 2300 you capture the permabears in a bear trap too, since it looks like a bear market at that point and is when they start piling in.
    Last edited: Feb 9, 2018
    #17949     Feb 9, 2018
  10. Newsflash, markets mainly go down because of selling, not short selling. Same in reverse.
    #17950     Feb 9, 2018