April 8th S&P = 2750 Actually as traders it doesn't much matter, if markets go up we buy, and if down we sell.... But just for fun, what's Your vote? I'm aggressively bearish and will be buying SQQQ TVIX SDOW SPXS VXX etc for short term swings on all 2day highs they make. Imho right now is the perfect time to short the fck out of the market. I bought oil today too APA OXY UCO etc
I'd have to say lower, after this 20% bump off the lows. We have 4 more initial unemployment claim numbers to get through by April 30th, along with FED rates, NFP and a bunch of other manufacturing data that won't fare well. And how about Earnings? They are not going to paint a pretty picture. If the markets are higher by EOD April 30th, I'll eat your hat.
The public here thinks lower... Bet the other side = buy calls. I also see stocktwits full of bears. Lol... This is lovely for my spy calls
Looks like a fun voting game. This is my take on further market movement What can make the s$p jump past 3000? Quarantined lifted across the entire country, everyone back to work, business as usual first week of May. Boom s$p 3000!!!! Covid -19 virus cases dropping and curve falling hard will easily be a reason for s$p 3000. Fed already has interest rates at 0 so they cant drop them any further, but negative, which they will go if markets collapse. Fed introduces more stimulus which we know they will. S$p 3000 Now reason for new lows..... If they decide to keep the lock down on throughout May the markets take a dive to fresh lows, that's when they will of course add the 4th and 7th and 12th multi trillion dollar stimulus package and send out more stimulus money to all to have as a gift to spend and hopefully bring GDP back to negative 5.9%, yes negative because we are headed to a very negative gdp, somewhere in the double digits. If virus cases drop into mid april and then suddenly move higher here in the US or abroad into end of april, Stocks collapse and quarantine lock down stays into June. Fed adds more stimulus and probably takes rates Negative at next emergency fed meeting. So many scenarios at this moment and extremely hard to navigate...literally anything can move these markets to extremes at this point. I do think upside is extremely limited due to a collapse in earnings moving out 6-12 months and the collapse also limited to plenty of fed intervention but with fear more powerful than greed new lows is definitely possible well before new highs!!! As for the vote I'm Neutral
like I said today - a bunch of deaf and blind guys. price action is screaming and nobody is hearing or seeing shit. so what the fck do you guys use to make trading decisions anyway lol....
Big picture a stock market rally now makes no sense whatsoever... it's what my cop/leo buddies would call hincky. Record unemployment, global pandemic plague that's still early stage, huge drop in consumer confidence and spending, earnings are gonna suck, geez what else do you need to see that buying stocks in distressed companies is a bad idea? Ok AMZN is an exception Markets are at the start of a historic selloff
How can you call yourself a pro when market is already priced in. A drop 30% is very steep, considering virus will be killed and business back to usual.
Business back to usual Hahahahaaaaaaa You are funny. ..... Back to usual??? Okay let's see. They approved a $350 small business stimulus package and as of today they want to add even more stimulus to small businesses. Yep. Because the entire nation needs a free fucking bailout...How about handing us each $250,000 and let us really party. So you think business as usual. Millions and millions out of work...you think when businesses open its going to be back to normal??? Ha ...far from it. Some businesses will never open again...its not business as usual
do you know the fundamental problem of your approach... as well as for most on ET. you keep pulling ideas or opinions out of your ass, that the market doesn't really care about. what is the market saying? what is the price action saying? what is the market saying? what is the price action saying? what is the market saying? what is the price action saying? what is the market saying? what is the price action saying? what is the market saying? what is the price action saying? what is the market saying? what is the price action saying?