3 month is finally above the 10 year. Tomorrow should be fun: GDP ~2.5, core PCE QoQ ~4.5 At least some people are saving money, . . . . . . . .
%% LOL; amazing how time can heal many wounds/LOL or turn trends. Good SPY bear rally in OCT; not no risk or zero risk...............................................
%% Exactly; but even with exact turn @ 20/20 hindsight= bad risk reward ratio. A major trend change occurs so seldom. And in no way is a trend risk free; even a bond or bank CD has inflation risk/opportunuity risk And as of FRI close ,good bear rally in SPY + DIA/DOW.
Today or tomm is the short term SPY high for some time. Don't jump the gun, wait for price confirmation to short it. Rick was last spotted on his yacht (bought with free money from the market) off the coast of the French Riviera partying with a bevy of Playmates. Not a penny of ri$$k Nasdaq 100 11,546.4 11,551.9 11,406.2 +140.8 +1.23% S&P 500 3,909.4 3,911.8 3,871.2 +37.4 +0.97%
Looks like the high was made at the open yesterday. Theres a good chance of a huge spike after the announcement, then it will settle down and everyone will rush in to short.
His PnL has fallen about $70,000 since that screen shot. If he was up 52K when he posted that, he would be down $18,000 now, assuming he still has that 9 lot ES position.