Rookies thought Spy will come down today

Discussion in 'Trading' started by greeneveryday, Mar 26, 2020.

  1. Yeah yeah yeah.....Rookies saw the unemployment report and waited to short at open and bOOOMMMM>>...Spy 260 ....lol

    Don't fight the fed, everyone.....Spy 350 end of next month
     
    kmiklas likes this.
  2. NY_HOOD

    NY_HOOD

    Agree. The time to buy was when the futures were down over 2%.
     
  3. R1234

    R1234

    chill its still early in the day
     
  4. Really? I don't disagree that the unemployment numbers were priced in, but do we really think the market is going to recover by the end of the month? There is a TON of money that is going to be pulled out of the economy over the next couple months. People getting back to work by mid-April is a pipe dream.

    I think what you have here is a much needed relief rally after one of the quickest stock market turnarounds in history. There is no way this is done yet.
     
  5. NY_HOOD

    NY_HOOD

    Agree with that as well. Todays close may very well dictate where we go short term.
     
  6. orbit23

    orbit23

    Yeah unusually quiet. Everyone got conditioned into expecting continued downside. It was a damn bear feast and they all took a big hit. One got ridiculed for saying we are going to bounce lmao.

    Sell offs will be back soon as soon as you see everyone bullish again.
     
  7. No more sell off...we bottomed at 230.....
     
    murray t turtle likes this.
  8. jghall00

    jghall00

    Is it just me, or is volume trending lower the last few days?
     
    murray t turtle likes this.
  9. %%
    Maybe,
    bought + resting orders,long cash ETFs------but they pay dividends.
    But SDOW is still above 200 dma ;
    + who thinks , long term, DAL will get better with much more debt?? And as far as Buffet buying it-- he would prefer the price of DAL comes down also =value investor
     
  10. RedDuke

    RedDuke

    so far every bottom call was broken. You do realize you know shit.
     
    #10     Mar 26, 2020
    Clubber Lang and cdcaveman like this.