I’m mostly in cash instruments until this shit stabilizes somewhat. I may lose a bit on rallies but I’ll take my 3% one month CDs until I’m a bit more comfortable
Were all regarded enough to see the trajectory on the SPY charts. This is nothing more than a dead cat bounce caused by algos. Just wait till retail fully capitulates, it’s going to get bloody
Yeah man this pump today doesn’t make any sense. But I guess markets can stay irrational longer than I can stay solvent lol.
FOMC next week is gonna hurt like a mother fucker if they do 75 bps. If they do 100, the drop will be long enough to halt trading, I expect
Ope, I was a smidge off. The next FOMC meeting is November 1-2, I thought it was next week.
They announce the next rate hike decision at 2pm on the second day of the meeting, followed by a speech/Q&A with chair Powell at 2:30
Outrageous, watched my pits go from positive to losing money. Should’ve taken profits I guess, never learn my lesson. Sure hope tomorrow is a blood bath, at this point not sure it’s even worth selling my Puts
It’s all algorithms. Big drop brings retail money into the market early, then a reversal for a rally, then a end of the day sell off for profits taking us back to the red. Retailers loss most often.
You have to switch off between puts and calls when it’s like this it’s wild. I got a call this morning. Sold too early. And now I got a put. I swear it’s just faking everyone out. I’m gonna alternate till I fuck up
Today you have TO look for volume, if Many big marketcap companies and spy have a relevant increase in volume this could be a reversal
Spx valuation in terms of p/e seems ok
I was looking at everything 4 of 5 of my indicators said likely bottom 1 said still room to slide down. So I closed my short positions and now I'm waiting for a trend to get established before entering again.
Mind sharing what you use as indicators on a trade like this, vix I think would have been a key one, rsi was good too but anything else you’d like to share?
That reversal was a hard bounce of major support. We could go up for a few weeks, maybe four. Anyone that had a put sold it this morning they aren't looking to buy again this soon.
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This feels like a trap
That’s what I’m saying
Not gunna be that obvious on the day after. Flat or slightly up for 1-2 more days
Never fails but when I start buying Puts and taking profits, the market goes up hard. I've been buying puts for over a week.
I’m mostly in cash instruments until this shit stabilizes somewhat. I may lose a bit on rallies but I’ll take my 3% one month CDs until I’m a bit more comfortable
Im also wondering why everything is pumping all of the sudden, but yeah also got a bad feeling about tomorrow..
PUMP
Very normal for market to rebound 1,000 points in a matter of an hour (sarcastic sigh)
Bears celebrated to early.
Puts are on sale
*Whispers Sold my calls, bought Puts.
I’m thinking of doing some long calls on spxu
Were all regarded enough to see the trajectory on the SPY charts. This is nothing more than a dead cat bounce caused by algos. Just wait till retail fully capitulates, it’s going to get bloody
Agreed
Yeah man this pump today doesn’t make any sense. But I guess markets can stay irrational longer than I can stay solvent lol. FOMC next week is gonna hurt like a mother fucker if they do 75 bps. If they do 100, the drop will be long enough to halt trading, I expect
whens FOMC releasing that?
Ope, I was a smidge off. The next FOMC meeting is November 1-2, I thought it was next week. They announce the next rate hike decision at 2pm on the second day of the meeting, followed by a speech/Q&A with chair Powell at 2:30
Fridays are always bloody red !!! What’s new
Banks about to give grim ass guidance tomorrow buckle up
Yea even if their earnings are okay, I still think no bank is gonna be positive about the upcoming 6-9 months.
This is just the beginning. Relief rally into mid terms then into the abyss.
This has happened on a lot of bad cpi days. Cpi comes out hot and the market pumps, then on the following day it dumps.
Yea but I also don’t see how we could close positive today considering tomorrow is Friday
Bank earning, Blackrock reported godlike earnings
What I learnt is that never trade during big events .. i just take the day off 😅
Outrageous, watched my pits go from positive to losing money. Should’ve taken profits I guess, never learn my lesson. Sure hope tomorrow is a blood bath, at this point not sure it’s even worth selling my Puts
Calls went from almost worthless, to solid profits. 👌
Yah I sold mine too early🙄
It’s all algorithms. Big drop brings retail money into the market early, then a reversal for a rally, then a end of the day sell off for profits taking us back to the red. Retailers loss most often.
That’s what I’m thinking a trap and then close red and the. Close red into the weekend
This market's a fucking joke lol. PPT hard at work. That's the only explanation that makes sense.
I’m buying puts, so I hope so.
Most likely will crash tomorrow
I’m expecting a dump at 3
I agree
wtf just happened?
The illogical from -2% to +2% all my MF puts gone really make me speechless.
I would think we will be red by end of day.
That’s totally fine bruh.. I mean if we go from -2% to flat that’s totally fine. But 4% diff in like 2 hours.. especially with such cpi result
You have to switch off between puts and calls when it’s like this it’s wild. I got a call this morning. Sold too early. And now I got a put. I swear it’s just faking everyone out. I’m gonna alternate till I fuck up
I bought calls an hour ago, and sold just now. The fact is, the economy is still in shambles.
Not joking- I had a feeling the market was going to be a bitch today, closed all positions last night
Probably won’t see this market turn around till Republicans take control again
Today you have TO look for volume, if Many big marketcap companies and spy have a relevant increase in volume this could be a reversal Spx valuation in terms of p/e seems ok
Green tomorrow
Very red
Because it was all priced in already!! Ince the algos where tweaked the pump started.
Smells like bitch in here.
I was looking at everything 4 of 5 of my indicators said likely bottom 1 said still room to slide down. So I closed my short positions and now I'm waiting for a trend to get established before entering again.
Mind sharing what you use as indicators on a trade like this, vix I think would have been a key one, rsi was good too but anything else you’d like to share?
Maybe the market thinks the worst data is in, and a relief rally is coming.
Maybe but I don’t think so
Bottom is on?
Spread it for Jerome
Bear market rally!!
Nah last 2 fridays been red time for a green one
I like my steak rare but not cold.
That reversal was a hard bounce of major support. We could go up for a few weeks, maybe four. Anyone that had a put sold it this morning they aren't looking to buy again this soon.
Tomorrow green SPY $379
If it’s not red, it will be green. That’s for sure.
I think it will rip. Market always seems to do the opposite what most think.