Im still in spxl. Bought at $85 and I watched it fall $5 in 2 days ...selling tomorrow or early Friday after the job report. Could easily go to $88-$90 in the next few trading days... TNA I sold today at $74 and bought about a 20% position in cvol. Tna ran to $75 and will probably jump back to $80+ at that point it will be time to go long SRTY. But wait for it to sell off under $30 Why would I make these trades up. I have no reason to....I bought cvol at 1.18 and yes with the futures up tonight it will probably open under $1.10. Im already down on that trade... Im not worried because I will average down and patiently wait for the s$p to trade back to October lows.
Out of SPXL at $86.70.....usually climbs another few dollars after I sell just like it drops 5-7% after I buy...will see what happens. Ill buy it back under $80 next time. Tomorrow job numbers should be in line so.I don't see any surprise in those numbers. Its been the same thing month over month ...
500 point rally in 2 days..... guess tomorrow is another 250+ point gain.... Every time market falls 3%+ it rallies right back up, the question is when is that going to stop, it has become very repetitive that it's guaranteed every time to work when buying the dip, but when is that one time going to cone when that no longer works..... that is the key question to keep in mind.
You would have to be a fool to buy now after a 500+ point rally in 2 days, SOXL was trading around 118 a couple of days ago, today over 130 xiv under 29 today 31.50 tna under 72 today over 78 TQQQ under 89 2 days ago today above 97 Why buy today when just 2 days ago everything was 5-10% lower
So you would hope. I am still in there running a little experiment. Lifted the stop and see what they will do. They must have looked at my juicy stop all night salivating. Now that it's no longer there, they seemed a bit lost. I am looking to manual exit 2060-2065 area. They can have my money if they have what it takes.
No use trolling me, Ditch. You have no hope of succeeding. I may well come out winning in my little contest with the market maker. The odds looks to be swinging my way currently.
Don't worry, experts say stock market will continue to rally, because a 6 year old bull market isn't enough for all the greedy...... Stock market will continue to rally: Experts Reem Nasr | @reemanasr 1 Hour AgoCNBC.com 42 SHARES 27 COMMENTSSquawk on the Street" Thursday said that equity markets should remain strong amid news that the Federal Reserve is unlikely to raise interest rates soon. Steven Ricchiuto, chief economist at Mizuho Securities, said that there is no doubt that a rate hike is coming and that it is only a matter of timing. He added that with global deflationary pressures and slowing global growth, the "Federal Reserve has the opportunity to let this thing really get moving and I think that's what you're going to try to see in the equity market as we go forward." Read MoreFed hike could start at current inflation level: FOMC Jin Lee | Bloomberg | Getty Images A trader works on the floor of the New York Stock Exchange. Wedbush Equity Management's chief investment officer, Stephen Massocca, agreed. He added that the central bank will also shy away from raising rates just yet, as the differential between the dollar and other currencies increases. "At the end of the day I still think even though fixed income markets have rallied considerably, that equity markets will continue to rally," he said. "All of this currency has to go somewhere and that's where it is going." Reem NasrNews Associate
Hahaha, so more hopes of stimulus is what is creating this rally, Draghi mentions the word stimulus and markets take off, fucking amazing, I cant wait for the day when every one realizes that all this stimulus has done more harm than good, the amount of cheering that goes on from every central bank releasing stimulus to prop up their economy and markets is a complete joke. Europe accelerates to close sharply higher on Draghi CNBC.com staff | @cnbc 1 Hour AgoCNBC.com 66 SHARES 9 COMMENTSEuro tests low last seen at its birth in 1999 The pan-European FTSEurofirst 300 ended by 2.9 percent higher at 1,368.85, with all major sectors and bourses rallying after the letter. The CAC and the German DAX both rallied to provisionally close around 3.5 percent higher. London's FTSE 100 ended around 2.4 percent higher. U.S. stocks also surged on Thursday, extending the prior day's robust gains, as the price of oil steadied and on thinking the Federal Reserve and the European Central Bank would buttress the global economy. Comments late Wednesday by Fed Bank of Chicago President Charles Evans helped the bullish slant, with Evans saying he did not believe the central bank should be in a rush to hike interest rates. ECB stimulus ahead? Dursun Aydemir | Anadolu Agency | Getty Images Aside from individual stocks news, sentiment was boosted by data from the euro zone on Wednesday that showed the region's inflation rate fell into negative territory for the first time since 2009. The figures add more pressure on the ECB to launch a U.S. Federal-Reserve-style bond-buying program. There has been resistance to any such a quantitative easing program from countries like Germany, however, and markets are now awaiting the outcome of the ECB's meeting on January 22 to see what the central bank will do. Aggressive stimulus could increase the search for yield and boost riskier assets like stocks—as such, the weak inflation data is being seen as positive by market participants. On the data front, a euro area business confidence index for December fell to 0.04 versus a reading of 0.17 in November. Also, German factory orders on Thursday morning showed a sharp monthly fall in November, with new orders down 2.4 percent. In the U.K., the Bank of England held interest rates at a record low as expected on Thursday. The central bank kept its benchmark base rate at 0.5 percent, where it has been since March 2009, and maintained its asset purchase target at £375 billion ($564 billion).