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04-06-2020, 04:15 PM
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#1861
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Quote:
Originally Posted by ReplayRandall
All clear of CV now, you can go back to your regular lives, so sayeth the Stock Market...  |
Caught short again?
Could be worse...you could have $5k worth of S&P puts held over the weekend
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04-06-2020, 04:16 PM
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#1862
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by PaceAdvantage
Caught short again?
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04-06-2020, 07:30 PM
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#1863
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Sell a higher opening.
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04-06-2020, 09:30 PM
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#1864
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Registered User
Join Date: Apr 2014
Posts: 1,755
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t took a look at the fib retracements. 50%from the top is 2711.
50% from the rebound high on march 3rd. is 2716. So that area might be a good place to watch for a topping level.
The problem is in a market like this all support and resistance levels are suspect to say the least. we we'll see what happens.
Right now futures up 18.
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04-07-2020, 09:16 AM
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#1865
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Futures at 2728. Blew right past the FIB.. could this be an intermediate top?We shall see.
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04-07-2020, 11:11 AM
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#1866
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Registered User
Join Date: Mar 2020
Posts: 324
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Quote:
Originally Posted by Secondbest
Futures at 2728. Blew right past the FIB.. could this be an intermediate top?We shall see.
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UP volume to down volume ratio on the NYSE was 12 to 1 yesterday. That's big momentum factor.
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04-07-2020, 11:47 AM
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#1867
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Quote:
Originally Posted by highernote
UP volume to down volume ratio on the NYSE was 12 to 1 yesterday. That's big momentum factor.
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Yes it is. Also Cuomo was fairly upbeat this morning. And in this market Virus news rules all.
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04-07-2020, 03:32 PM
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#1868
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Nice reversal— if your short. Which I am not so -ugh.
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04-07-2020, 04:00 PM
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#1869
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by Tape Reader
Sell a higher opening.
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If this was a trading call (I assume it was), great call.
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04-07-2020, 04:08 PM
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#1870
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Registered User
Join Date: Jan 2006
Posts: 28,549
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Quote:
Originally Posted by Secondbest
Yes it is. Also Cuomo was fairly upbeat this morning. And in this market Virus news rules all.
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Did the virus news change during the last hour of today's trading?
__________________
Live to play another day.
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04-07-2020, 04:17 PM
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#1871
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by thaskalos
Did the virus news change during the last hour of today's trading?
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Nope (outside of a news story about Hong Kong and Macau), but short covering seemed to run its course as the day lingered on
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04-07-2020, 04:27 PM
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#1872
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Another fun day!
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04-07-2020, 05:06 PM
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#1873
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by Tape Reader
Sell a higher opening.
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Correctomundo….Nice..  .
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04-07-2020, 06:23 PM
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#1874
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by ReplayRandall
Correctomundo….Nice.. . |
Thank you Saratoga Mike and Replay Randal.
Got an incredibly good fill on some SPY puts in the first few minutes. Sold before end of day as they were tomorrow expiration and overnight time decay on last day is almost suicidal.
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04-07-2020, 07:05 PM
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#1875
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Quote:
Originally Posted by thaskalos
Did the virus news change during the last hour of today's trading?
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Not as far as I could tell . But 140 S&P points u in two days will bring some selling. If you don't think Virus news is key see what happens if a comprehensive treatment is announced .
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