Does anyone know what companies make these barriers they are proposing to use in schools for the upcoming school year? Duval is buying from local companies but figured there may be some larger companies that manufacture these as well. Or maybe it’s too late already.
That's what that stock does. Also goes down $5 at random. I'm ballz deep in some calls this AM so PUMP IT UP JEROME
One of those days where I don’t check anything until lunch, look at DJIA and NASDAQ, having ok days. Go to check my portfolio after making my sandwich and my individual portfolio is moon city today. Gonna go back for a second cookie.
What causes this? On SPY in 5 min intervals it had almost 40M Volume at 1:05 which is almost it's total Volume for the day.
Could have been anything. Even an algorithm parsing the news headlines. Think I saw some sort of Trump/China deal around that timeframe. Could have just been someone dumping their holdings. That bar you saw was 2.25 million in the 5-minute interval. That's really big relative to the rest of the day's volume.
Trying to rationalize price movement or volume is a wasteful exercise. Just trade what the signals tell you
This is something I've come to realize. It's funny how the articles are all "Covid is bad so market is doing bad today" " More people reported for unemployment ever, but there's a possible Covid vaccine, market reacts positively." It's just made up reasons for why the stocks are going up/down. I think it used to matter, but no it's all run by algorithms and dark money.
Anybody have any insight into FB over the next 2 weeks? I’ve got a 07/17 $235 call that was down a ton a few days ago and now just slightly up.
Care to elaborate on this? What do you mean by signals? Aren't those just another way to rationalize volume & price movement?
Not buying end of day sell-off. Gonna hold overnight and pray to Jerome. Bet they bounce BA overnight.
Yep, I don’t try to day trade or anything and really just treat my “brokerage” account as another form of gambling, but because of this thread and my overall intrigue I’ve paid closer attention the last year or so. 2020 has definitely taught me to trust the people who say you can’t time this stuff and just keep blindly chucking some money in the 401K/IRA while you’re young(ish) and see where you are in 20 years.
Up front, I’m not a day trader. For the last 30 years ( yes, I’m an old) I’ve been a 401K, IRA portfolio investor. Pay the fees, don’t worry about it kind of guy. In March I saw my value diminish by 20%. It’s now back to where it was. Today I sent in the papers to move my portfolio from Moderate to Very Conservative. This has been a very weird year for the Market. Typically Presidential election years are bear-ish. This year with the added upheaval of a Pandemic, it should have been ultra-bearish. It hasn’t been (except March). I just cannot foresee this bull market continuing much longer.
I am trying to convince my 60 year old parents who should be retiring in 1-2 years but for 2008, who are now looking at 7-10 years, to do the same through the end of the year. They have the allocations of a 20-25 year retirement horizon rather than a 5-10 year horizon and it scares me to death. They are trying to climb that last hill as fast as they can and the headwinds are all around.
Also, if the market stays green today and picking up a spy put or two. I have no thesis on why, just feels like the proper coin flip
Market should pop with those job numbers. Numbers were done in the middle of the month and don’t reflect the recent shutdowns for the virus. If the market pops big it might not be a bad time to take a position in VXX if it gets near 30.
RavenNole i do agree. I bought my inverse ETFs yesterday and gold when it dropped. Might have been early in my inverse. Gold did well. Holding my puts on IMW & DIA from earlier in the month. Soooo today will be bad for me but expecting a turn soon.
Morning all. Everything looks solid across the board. VIX has about 10% to drop before I take all chips off table and reassess. Took some profit this morning on short-dated. Barring a massive dump -- which would be absolutely sick on their part -- I see a slow grind up to finish this week just as I had thought would happen. Not a lot of volume and people coasting for the holiday.
If you have short-dated stuff, keep in mind that SPY 313 was the level we needed to break through. If we lose that support we could drop back down into the same area we have been in this week. Could happen with low volume as well.
From this morning. There was an update at around 11:30 yesterday where the model bought 800 more shares of DXD. I did not post that as I just saw it this morning. ___________________ The markets were mixed yesterday. The Dow finished with loss of 78 points, closing at 25,735. The NASDAQ and SPX were up 96 and 16 points, respectively. Volume on the NYSE was light, coming in at only 85 percent of its 10-day average. There were 50 new highs and 2 new lows. The BLS will be releasing the results of the June Jobs Report at 8:30 this morning. In the past, whenever there’s been divergence in market highs between the NASDAQ and the Dow/SPX going into the Jobs Report, there’s been a strong tendency for the markets to sell off 1-2 days after the announcement. Given that the markets will be closed tomorrow for the July 4th Holiday, and the fact that they usually have a strong Bullish bias going into the Holiday, we could see the markets rally today and then fall off when trading resumes next week. From a pattern perspective, the markets appear to be working on Wave 2 up within Major Wave 3 down. Yesterday’s early rally to 26,019 was an attempt to fill the ‘Island Reversal Gap’ from 23 June that begins at the 26,055 level and extends to 26,128. This gap should provide strong resistance to any move beyond 26,128. However, students should understand that IF these levels are exceeded to the upside, it’s possible the Dow could rally to the 26,500+ level before Wave 2 up completes. Wave 2s are always tricky to trade and this one is no exception. It’s the reason why the Model is still only establishing and holding ‘trial’ positions in DXD. The Head & Shoulders Pattern I talked about last weekend is still alive and well. All the current Wave 2 rally is doing now is completing the right shoulder of the pattern. A close below the neckline near the 25,000 level should send stocks reeling. My target for the next leg down, Wave 3 of Major 3 down, is below the 23,000 level with 22,800 or below likely. Right now, the indicators are giving no clue as to what could happen in today’s trading. The VTI is a neutral at 52.9 with a 2-period RSI at 58.9. So, with numbers like this, the Dow is not in a trend nor is it overbought or oversold. The Bullish holiday bias is being countered by a negative DMI, and negative divergence in breadth. Three of the four breadth indicators are negative. In other words, almost anything can happen today. The Market Timing Indicators for the Major Indexes are mixed after yesterday’s session. The Dow is Negative, but the NASDAQ remains Positive. The Dean’s List is Neutral while the Tide remains Neutral. The Sector Ratio strengthened to 24-0 Positive after yesterday’s session. The top 5 Strongest Sectors were Retail, Material, Consumer Products, Cap Goods, and Autos. The Model purchased another 800 shares of DXD yesterday at 18.70. So now the Model holds 1,600 shares of DXD, 400 shares of DUST, and a lot of cash. It continues to look for opportunities to buy shares of inverse index ETFs IF the market moves higher. Gold and the miners fell yesterday with GLD dropping 0.75 cents to 166.62. Gold remains in a Bullish pattern and appears on track for a rally to the 1,900 level as Wave 3 up unfolds. On the other hand, it still appears that mining stocks are close to completing wave ‘b’ of a complex Wave 2 pattern that still needs one more down leg to go. It’s still not clear if the miners are going to follow gold higher or make one more run lower, toward the 220-240 level. We should know by the middle of next week. Waiting for the Jobs Report. That’s what I’m doing. h
All metrics I use have slightly reversed course since open. Just be on your toes if you are trading options with short expiry.
Never mess with TSLA options until a clear market direction is established. The IV alone is bad enough, but the fuckery surrounding the company is immense.
You can get $100 selling a TSLA $450 Put for 7/24. So if you're confident it won't drop 750 points in three weeks, you can clean up