Hi all, Today's best trade, without a doubt SHORT $ZM Pumped up beyond all belief, we rolled in heavy to $450 10/02/2020 puts around 10am pst. Looking for a somewhat immediate PB to $450 over the next couple days (hours). Good luck
HERE WE GO LADIES & GENTS - PLEASE REFER TO MY OLDER POSTS AS WE HAVE BEEN ANTICIPATING THIS DROP. Jerome's dumbass will soon probably load the wrong kind of paper in the printer resulting in a fire that will take a couple of days/weeks to extinguish. More than enough time to liquidate SPXU // SPY Puts. Big swings to come, get ready. PAY CLOSE ATTENTION...
Seriously, since this past month or so of trading, my forehead is starting to get lines. Looked it up, seems botox is my only solution (not happening).. After playing around in the mirror, the lines are clearly coming from when I make my, "holy shit, are you serious?" face. I've had to make that face too many times recently, so I'm expanding my horizons to open...
Market has been full of itself this entire rally. The Elliott Tsunami Wave is coming. Consolidation period, momentum slowdown, horrible fundamentals, there is no way around the inevitable - the markets will decline further. Before you know it, we'll be squabbling about calling the bottom. Cheers, Fish
Iceberg. Similar to the Titanic the US Economy has been struck by a foreign object, one that posses a serious threat. Brief signs of optimism from the lowering of emergency boats (stimulus) have the doomed passengers (investors) feeling hopeful. The common-folk will be hurt the hardest. The world will change forever. 293 is possible, but my short bias remains.
Market making itself clear, so far today we saw a rejection of the 275 fib level 61.8%. BUY PUTS AND LONG SPXU Puts can be tough when trying to select an expiration. SPXU, lower R/R but safer in case market swings up to $300 (next resistance). Profit target- spy 200/220 next month or so
SPY: "Ohhhh yeaaah see how I open up 5% and now im closing at even? You silly little buggers, im about to move downward this week in a big way. Or maybe i'll gap up just to mess with you? Just kidding, you know I can be such a tease" S&P making her true intentions known. Anyone still think we're due for a V recovery? SPXU FTW.
Here's a little hot trade - go with the flow, follow the wedge. Take profit 1.095
Overall short on the market, watching for prices to turn at $275, 280, or sooner. We will see. Given the insanity of yesterday it would not surprise me if prices got slurped to $275. Long on short term and short on long term
UP AND DOWN IS THE WAY SHE GOES ~ IF ONLY WHICH WAY THE TRADER COULD KNOW SCALPS TODAY MAY BE BEST ~ WILL YOU SURVIVE THE ULTIMATE TEST? I USED ELL. IMPULSE WAVE TO NUMBER HIGHS AND LOWS, NOT TO BE MISTAKEN FOR TRUE ELL. WAVE ANALYSIS.
Dow jumps 800 points on oil rally, decrease in coronavirus cases abroad “This is going to be the hardest and the saddest week of most Americans’ lives,” Surgeon General Jerome Adams warned. www.nbcnews.com Is the market's positive reaction this morning justifiable?
JFK is closed. Nobody wants to fly. No reason this stock shouldn't be trading at $5. Maybe $10 with stimulus, which is my prediction. Puts down to $10.
Same general principals as the idea for HAL - buy and hold, looking for 4x profits. Restaurants are tricky, but i'm anticipating chains like Outback and Bloomin' in general will thrive. Or will people be forever changed by the coronavirus and stop going out? How about people cant afford it anymore? This one is particularly fishy. Stay safe - Fish
Not going to say nows the best time to buy - its probably not - but I'm willing to bet my left almond shares will be trading around $20 in a year or two. Seems like an extremely safe yearish long buy and hold. Fun to let things build slow sometimes anyways. Position size accordingly, look for dips to load up . Adios, Fishy
The USA is going to see an extremely high death toll in the month of April, and it will solidify the bear market as American consumerism grinds to a halt - and will be expected to remain there for some time. Fundamentally speaking, stocks are still overpriced. Allocators have been having a wonderful time scooping up the scraps and will gladly continue to do so...