Expect the Senate to pass a crucial vote this evening. Possible gap up in the cards.............
https://www.cnbc.com...rm-measure.html
Edited by redfoliage2, 19 October 2017 - 02:23 PM.
My FF for Tomorrow
Started by
redfoliage2
, Oct 19 2017 02:17 PM
13 replies to this topic
#2
alexnewbee
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Posted 19 October 2017 - 02:21 PM
Yep, +20 points, and sweet short opportunity.
"we do G.d's work" Lloyd Blankfein
#3
redfoliage2
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Posted 19 October 2017 - 02:31 PM
Yep, +20 points, and sweet short opportunity.
There will be buyers and sellers, but MMS will mark up whenever there is a positive event developed and they love to create gaps ...........
Edited by redfoliage2, 19 October 2017 - 02:35 PM.
#4
redfoliage2
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Posted 19 October 2017 - 02:55 PM
If SPX closes in green today then it's going to be a sure thing that they will gap it up tomorrow for the OpEx Friday. Even if SPX does not close in green, the pstill robability is high for a gap up tomorrow.
Edited by redfoliage2, 19 October 2017 - 02:58 PM.
#5
alexnewbee
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Posted 19 October 2017 - 02:58 PM
Most probably
"we do G.d's work" Lloyd Blankfein
#6
opinionated
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Posted 19 October 2017 - 06:08 PM
It will not be a one day event for shorting, This means the tax plan will almost for sure be passed only needing 50 votes and no them filibuster. I see a 4-5 day run with 100 spx points in the cards. 2650-2675 This tax plan is what this whole rally has been about. The longer it takes to go through the higher we go.
I have even heard talk of 2800 from a few very skilled technicians.... Shorts will be slaughtered in this environment. Look around there are other plays to be made long and short.
Just My opinion....
Best
#7
redfoliage2
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Posted 19 October 2017 - 09:27 PM
It will not be a one day event for shorting, This means the tax plan will almost for sure be passed only needing 50 votes and no them filibuster. I see a 4-5 day run with 100 spx points in the cards. 2650-2675 This tax plan is what this whole rally has been about. The longer it takes to go through the higher we go.
I have even heard talk of 2800 from a few very skilled technicians.... Shorts will be slaughtered in this environment. Look around there are other plays to be made long and short.
Just My opinion....
Best
Senate just passed it. It's going to be a big day tomorrow for the OpEx Friday..............
http://thehill.com/p...-for-tax-reform
Edited by redfoliage2, 19 October 2017 - 09:30 PM.
#8
alexnewbee
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Posted 20 October 2017 - 12:21 AM
It will not be a one day event for shorting, This means the tax plan will almost for sure be passed only needing 50 votes and no them filibuster. I see a 4-5 day run with 100 spx points in the cards. 2650-2675 This tax plan is what this whole rally has been about. The longer it takes to go through the higher we go.
I have even heard talk of 2800 from a few very skilled technicians.... Shorts will be slaughtered in this environment. Look around there are other plays to be made long and short.
Just My opinion....
Best
Why? Because of the squeeze tonight?
"we do G.d's work" Lloyd Blankfein
#9
12SPX
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Posted 20 October 2017 - 08:03 AM
Expect the Senate to pass a crucial vote this evening. Possible gap up in the cards.............
Does anyone know what the current estimates are for the markets p/e ratio if corp taxs do get down to 20%?
#10
redfoliage2
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Posted 20 October 2017 - 12:17 PM
Currently SPX PE is at 25.64 which is 64% higher than historic average 15.68. Even with a 10% lower corporate tax the PE ratio is still very high. So, considering the current high PE this 10% tax cut is like a joke. The benefit of the tax cut has been more than priced in.
Edited by redfoliage2, 20 October 2017 - 12:21 PM.
