Based on what, his trading seems scattered with no plan and he rarely talks about his losing positions that he holds onto. He'll announce a forecast on here then take the exact opposite position the next morning. The trades that work out he seems more interested in selling early so he can announce them on here, instead of trying to extract better value from the trade.
Bought 40 ES contracts @ 2060.00 at the close today....In anticipation of the Monday morning ramp up.
Oh I get it....they release the jobs numbers tomorrow and leave the index futures open....now thats down right sneaky.
All futures trading is closed tomorrow except stock index futures. Something is going to happen and alot of insiders already know what.
Why they would release one of the biggest economic pieces of news while markets are closed is beyond me, you would think they would have released it today, Im sure the numbers are all in and ready to go since probably yesterday evening....so now job numbers come out tomorrow and by Monday everyone will be able to trade on that news 72 hours later, yep thats going to be fun. Im sure the markets will be either up or down 1% come opening bell, there will be zero chance of getting any chance of trading tomorrows job reports unless you get lucky and buy now like you did with futures or buy some ETF and wait 3 days to see where it opens.....aside from all that monday should be a very volatile day....
I don't play with options, I should but I don't, as for TZA I'm sitting on a loss, break even for me is around $11.60 range, not worried, I see it coming back once the russel starts to fall apart and start breaking support, I know that ETF could really move, could easily jump 20% in a week if the markets were to fall 5%+ when the semis were falling apart last week I thought TZA would follow, it did but not as strong as SOXS did which I owned, TZA faded out as soon as I thought it was going higher....might touch new lows next week under $9.80, maybe Ill add some more shares then but until then Ill sit patiently and wait for it to jump back near $12.
Analysts expect an increase of 245,000 in nonfarm payrolls in March, with the unemployment rate unchanged at 5.5 percent. Average hourly wages are expected to increase 0.2 percent. So based on these numbers if the report is above 275,000-300,000 with the rate down near 5.4% this will prompt all to believe the fed might raise rates sooner than possible, so given the estimate of 245,000 if the number comes in under 200,000 say 182,000 the markets are going to rally 1%+ on Monday considering that this means no rate hike at all and not only that but a higher probability that just maybe QE 4 is coming to an economy near you... So a very high job numbers report with decrease in the unemployment rate = down market A very bad report and markets will cheer as the fed will bow down once again to wall street and not raise rates and implement trillions more in QE 4
This headline says it all.....no need to even explain...if you don't know what im talking about you're a fool.... Snapchat is paying college grads almost $500,000 to work there http://www.businessinsider.com/snapchat-entry-level-salaries-2015-4