There is no PPT when the markets are near all time highs. The Fed comes in to save the day when the markets are crashing and deeply oversold, buyers then step in as well in and the shorts have to cover too and you get a big rally.
Oil down huge dropping once again below 70, And dollar is up Something fishy..... Dollar up and futures up are a rare scene.
Let's make pretend that instead of the s&p breaking to new highs nearly 50 times in 2024 that the opposite was happening and that the s&p had broken down to 52 week lows nearly 50 times in 2024 instead, well we would already know the outcome. If there was a continous drop in the s&p and overall markets the fed would have intervened and back stopped the market at least a dozen times by now. Rates would be at 3% or lower as trillions of dollars would be printed to prop up the markets. The fed is still intervening in the markets just not as much as you would see if the markets were down near 52 week lows on the year.... Just keep in mind and remember that when the markets do drop and do touch down on 52 week lows or multi year lows that you'll see the fed swoop in and set up the PPT quicker than you could ever imagine. In fact they would probably set up the PPT in full force the second equities approach a 6 or 7% drop. ..... A 5 or 6% drop in equities these days would feel like a great depression Just last week literally after a day or 2 of selling Cramer dedicated the first part of his show to saying how over sold the markets were. That's how serious this has become, that even the slightest and most smallest of pull backs feels like a depression to most. So just imagine when the next crisis comes and stocks fall 8% 12% 15% 17% 28%? Let me stop and not scare anyone, cause we all know there can never be more than a 2% sell off before the fed and PPT come in and save the markets.
Sold 4.5 puts expiring the 8th and 15th! Will add more. Have uvix with a strike of 8 that I rolled over into December! Will short uvix if it does catapult above 7! I'm still short UVIX at 6.3 just for fun
Gapped down 9-10% on the open. You really are clueless. And you think it will 'easily' be at 12 on election day ?