Somebody claimed he was long stocks and short treasuries. Ouch.
Trump rally turning to Trump crash
Started by
dTraderB
, Feb 05 2018 09:53 AM
22 replies to this topic
#12
boruseek
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Posted 05 February 2018 - 03:04 PM
Even perma bears are going long. This thing is not going to stop until we open limit down.
#13
alexnewbee
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Posted 05 February 2018 - 03:19 PM
small long 2720. countertrend, so humble and small
yep, not a good time to be long. stopped -20 points. good it was small.
"we do G.d's work" Lloyd Blankfein
#14
alexnewbee
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Posted 05 February 2018 - 03:21 PM
looks like crash is developing. so be it.
"we do G.d's work" Lloyd Blankfein
#15
ryanoo
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Posted 05 February 2018 - 04:12 PM
back to back -2%; potential supports at 2750, 2700, 2650.
-2% followed by -4%. Any further fall can fill the gap at 2,475 in the next couple of days.
#16
dTraderB
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Posted 05 February 2018 - 04:29 PM
And, it is a work in progress.
VXX rose 11.02 in regular hours.
After hours, as we read this, VXX is up 13.05 in 19 minutes of trading after the close.
Note this can crash by 13 or more by the time cash SPX/DOW market opens tomorrow.
See here:
https://www.cnbc.com...tes/?symbol=VXX
#17
MaryAM
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Posted 05 February 2018 - 04:42 PM
They don't have Janet anymore to ensure that all that private debt is bought by the FED. Donald has nothing to do with it. This new guy might just audit the mortgage assets they have bought and find out if all are underwritten properly and not buy any more until fraud in the system of insuring this crap is fixed.
#18
ryanoo
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Posted 05 February 2018 - 04:53 PM
They don't have Janet anymore to ensure that all that private debt is bought by the FED. Donald has nothing to do with it. This new guy might just audit the mortgage assets they have bought and find out if all are underwritten properly and not buy any more until fraud in the system of insuring this crap is fixed.
Donald could have reappointed Yellen but he went with this new guy, so he has everything to do with it. just saying
#19
ryanoo
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Posted 05 February 2018 - 05:52 PM
"White House on Dow plunge: Trump's 'focus is on our long-term economic fundamentals'" Now we have another market guru ...
#20
gm_general
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Posted 05 February 2018 - 06:20 PM
Its mindless pure momentum. Did some titanic event happen today? Nope. But people reach for reasons in the news. Its only that the market hit one of the invisible dog fences that often pen it in. Being like an elastic band it was overstretched and it snapped back with force. Will it continue as it does sometimes till SPX MACD hits the bottom trend line? Who knows? Its probably going to at least reach sub zero MACD before any real turn. There will likely be some retrace before that occurs as you see the lumps in the movements prior.
Edited by gm_general, 05 February 2018 - 06:23 PM.
