Doubled my cash position and closed all bond positions I had left. Breaking .92 for the 10 year yield is huge
This is where I am. I’m uncomfortable with what is going on. If it was just vegas or something you may could explain it, but it’s everything
that is to account to spend on forgivable expenses not the calculation of the grant if I have been informed correctly.
All Trump cares about is the stock market, just keep telling yourself that. I just cannot see it lagging going into NOV.
Yea it’s just allowing more of the loans to be eligible for forgiveness. No additional money is going out.
if the GOP was smart they'd throw another huge stimulus out trying to win by helping people is a foreign concept to them though
I think they will but agree they are imbeciles. PPP extended, UI extended, another $1200 right before the election. Will the dems block it is an interesting scenario tho.
dems will demand automatic triggers based on economic indicators for continued stimulus payments to prevent the GOP from just initiating brutal austerity if biden wins that's probably what will make it not happen since the GOP won't give away that leverage to hurt people for political gains in the future
This dude saying anything or just hyping up the fact ONLY 15% of the country doesn’t have a job and hyping the market?
Ok folks, I’m closing out. It pains my soul to get out of casinos right now, but I don’t think I can stomach waking up to a 5k type loss if he have a big red day next week. COVID creeping back up, riots in the streets daily, unemployment still terrible even with a highly questionable positive report, election looming, and yet I’m up 158% over the last 2 weeks. Missing further upside seems better than losing that, right?
Super basic options question, but if you own 2 calls at different strike prices, and the share price is above both and continues to rise, they should increase in value at relatively the same rate from that moment forward right, since they’re ITM?
I've got stop losses set in all of my travel/retail positions. It's all getting reinvested but not in those sectors.
Compare their Deltas. That's how much an option moves when the stock goes up a dollar. If they're both deep in the money they'll be really close, yes. If the top one is only a little in the money there will be a disparity
Bought a pair of shoes on 4/7 for $265 shipped. Sold today for $425 net after fees. 60% profit in 2 months.
Sold all cruise, retail, and airline positions last week. <insert meme of squidward looking through the grate at spongebob and Patrick>
The unemployment number is irrelevant, it's the rate of change that matters and that was bigly. Following liquidity seems to be all that matters and that is still going up. Party won't stop until that does and it won't be until after November.
I think I’ve made it painfully obvious just with the questions that I’m no guru, or even whatever an entry level version of that is. I’m a long term buy/hold index fund guy that hit lightning in a bottle with a handful of options, partly bc sports gambling wasn’t available. That’s a big reason I’m exiting now. I’m just going to close out all the positions that have run way up and will hold a couple of the cheapies for fun.
It doesn't take that long to learn, honestly. Just spend an hour doing a bit of research and you'll learn a ton Investopedia is fantastic at the basics
It’s the analysis portion I need to learn. I understand the basic function of them, but if I see the word theta, I’m out. Might pick up a few books this weekend for an upcoming vacation
Try this page, give in an hour, then you'll know where you're lacking imo https://www.investopedia.com/options-basics-tutorial-4583012 I'm not an expert either, but that greatly helped me. Then I went into verticals, Iron condors, etc
I haven’t followed all of these but has he gone long the market at all during this rally or has he been short the market? Seems like he’s missed a huge rally waiting for the next downturn.
This was Tuesday's, He was projecting a rally of a few hundred at the time. If you had just been in UCO and TBT like the model you woudl have done ok. The indexes rose moderately yesterday, continuing to form their consolidation triangles. The Dow finished with a gain of 92 points, closing at 25,475. The NASDAQ and SPX gained 62 and 11 points, respectively. Volume on the NYSE was low, coming in at 85 percent of its 10-day average. There were 50 new highs and 5 new lows. Yesterday’s rally appeared to be a continuation of wave 4 up within Wave C up of Major Wave B up. Wave 4 up should continue for another day or so trading between 25,300 to 25,700. Once all five waves of the triangle are complete, the Dow should begin to break above 25,700 and test the 25,865 level, with 26,000 possible. My upside target for the SPX, currently at 3055 remain near 3300-3350. My target for the NDX, currently at 9552 is 9800 - 9850. The Russell 2K (IWM) appears to be the weakest of the lot, currently at 140, has a target between 146 -150. I expect the small cap index to be the first of the major indexes to turn negative. Incidentally, my downside target for IWM is near or below the 90 level, so I’ll be paying close attention to the Russell 2K as it has multiple inverse ETFs available. To give you an idea how hard the small caps were hit…. back on 19 February, IWM was trading at 169.14. A month later it was at 95.69. So even though my target on the next downturn is 90 or below, I wouldn’t be surprised to see IWM trade closer to 70 before the bear is over. Pay close attention to the Scalp Trading Signals on IWM during the next few weeks. Like I said, the Russell 2K should be the first index to turn negative, followed by the NASDAQ. The Market Timing Indicators for the Major Indexes remain Positive. The Dean’s List and The Tide also remain Positive. The Sector Ratio stayed at 24-0 Positive after yesterday’s session. The fact that all 24 sectors of the S&P remain positive continues to bode well for higher prices. The top 5 strongest Sectors were Material (includes gold) Energy, Cap Goods, Healthcare and Leisure. Gold (GLD) rose 0.75 yesterday to 163.66. The pattern still appears unclear, but it’s starting to look like the past week or so of sideways trading is a consolidation triangle. If this is the case, gold could begin to move significantly higher in the months ahead. On the other hand, HUI, the gold mining index, is still on a Neutral signal with a pattern that suggests lower prices. I’m avoiding gold until there is more clarity in the patterns. Bonds pulled back yesterday with TBT, the inverse ETF for Bonds gaining 0.18 cents to 16.33. TBT is now flirting with its 50-day moving average at 16.66. If stocks rally in the days ahead, look for TBT to break above 16.66. Once this happens, the next target is the 200-day moving average currently at 21.77. BTW, the 18 March interim high of 21.13 is also an obvious target. There were NO CHANGES to the Model after yesterday’s session. The Model continues to hold 600 shares of TBT, and 40 shares of UCO, with a cash balance of $87,037. Yesterday was a relatively quiet day for me in the market. I had two scalp trades in DDM for a total of $310 in my regular trading account and $278 in my IRA. All I did was stay on the right side of the scalp trading indicators on the 4 min bars. At this point, I’m taking all positive scalp trades in DDM as I believe the downside risk is low. Today, I’ll be doing the exact same thing, trading DDM and TBT. Unless DDM begins to break out of its triangle, I will not hold it overnight. TBT is a different story because the closer it gets to its 50-day moving average, the more attractive it becomes. That’s what I’m doing,
I have turned $2,000 into $3,600 in six weeks by predominantly buying cheap positions in well known companies that were near their 52 week low. That's what I'm doing.
cashed out 23k in options profits today. That was a rush. I think we’ll see a moderate pull back early next week. Shit is getting expensive
I cashed out exactly half my outstanding options. The ones left are either super in the money already or super cheap, so I feel a little better leaving them over the weekend. All but 2 expire 6/19, so once these are done I’m probably out of the options game for a bit unless we get a big dip
Bought at $119.11 on May 15th. Crazy three weeks. Only bought 7 shares though because I thought the rise would be much more slow/painful. At least I was in on something though. Bought slightly larger positions of a couple other aerospace companies that are doing similar though. Now that aerospace has taken off, going to spend some time bargain hunting for retail / restaurant / travel unless most of those stocks have rebounded well too. Hilton / Hyatt / Marriott still seem ~20-30% off their highs...
Bought AAL $28 Aug Calls half hour before close today after it came down a lot from the open. Still think the airlines have a lot of gains left with things opening up.
I’m kicking myself for letting cash sit in a savings account for so long when I could just throw it all in high dividend stocks.