NQ down 35 points No sign of recovering in sight? is it the healthcare fiasco or the big money finally finding out that the deal maker is full of it?!
.5% is "bloody red"? are you one of marketsurfer's alt accounts? we all know this market won't go down before surf gets stopped out of his shorts
No big deal. I sold short some options on Friday evening. Collected net 26,645.00 in premiums. Short calls and short puts and some LTCM insurance for blackswan risk This aint shit, you must be a new trader and missed out on the real action a few years ago.
Weren't you the one who was worried about being flagged as a pattern day trader? How does that work where you can sell options like that with less than 25K in your account?
That's not a big drop...100 Dow points its nothing with the Dow above 20,000, give me 500+ points and maybe we have something....
It's mainly the U.S. dollar imo. USD/JPY has been declining post Trump rally ever since December in which we hit a major resistance trendline...which lined up with gold bottoming and Nikkei also hitting resistance area(it has been chopping for almost 3 months now....and last week we may have finally started to get the reversal move).(However Nikkei is currently a few points before breaking key support levels) If that happens, then things can really start moving. The thing is the U.S. dollar had a bull trap , and its showing signs of getting weaker and weaker as it made a LL and then recently a LH on a 4 hour time frame. So in terms of global macro.... we either get A. Bull market continues, selloff would be a headfake before we continue with trend. Bonds continue its decent from July 2016 as well as gold... B. The correction is starting. Bonds have a huge deadcat bounce, gold continues its rally from December...Nikkei corrects, USD/JPY continues its decline, etc..... But yeah at least for now it's not bloody red....compared to 2015 August