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WHY isn't this market CRASHING?


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#21 dTraderB

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Posted 03 January 2019 - 09:20 AM

GLOOMY!

 

Harald Malmgren @Halsrethink
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Harald Malmgren Retweeted Lakshman Achuthan

We are in a prolonged global industrial slowdown. Demand for energy&raw materials will remain weak, continously squeezing leveraged long specs in most resources, setting up overshooting downward price movements. A China deal won't change that basic downward trajectory

Harald Malmgren added,

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Lakshman AchuthanVerified account @businesscycle
Recent updates to the ECRI Industrial Price Index reveal that the weakness in global industrial growth being flagged by the latest international PMI data won’t let up anytime soon. Read more here: https://goo.gl/4eQJ1c 
11:08 AM - 2 Jan 2019


#22 dTraderB

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Posted 03 January 2019 - 09:21 AM

Even more gloomy!

 

Jesse ColomboVerified account @TheBubbleBubble
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Jesse Colombo Retweeted Jesse Colombo

If Apple is getting slammed this hard due to China's slowdown...just imagine how much worse it will be when China's credit bubble truly implodes:

Jesse Colombo added,

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Jesse ColomboVerified account @TheBubbleBubble
"The future might not belong to China" - I agree. China's dangerous credit bubble means it is like Japan in the late-1980s.
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2:09 PM - 2 Jan 2019


#23 dTraderB

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Posted 03 January 2019 - 09:22 AM

FORBES has a good column on the demise of FANG stocks but this extreme gloom is overdone, expect a good rally, soon

 

Jesse ColomboVerified account @TheBubbleBubble
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The FAANG stocks were a disaster waiting to happen. I was always suspicious of that boom. Unfortunately, I believe it's going to get so much worse. As I wrote a few months ago: https://www.forbes.com/sites/jessecolombo/2018/09/05/disaster-is-inevitable-when-americas-stock-market-bubble-bursts/  $AAPL $QQQ

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2:14 PM - 2 Jan 2019


#24 redfoliage2

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Posted 03 January 2019 - 09:42 AM

The PPT .................



#25 dTraderB

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Posted 03 January 2019 - 10:39 AM

The PPT .................

 

 

I want them to hold off for a while until SPX gets to at least 2400

 

Am thankful now to get lower SPY & QQQ so I can buy calls!

 

Later...



#26 dTraderB

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Posted 03 January 2019 - 10:42 AM

15 SPY calls

18 QQQ calls

Both March

Hope to get more fills at lower prices



#27 redfoliage2

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Posted 03 January 2019 - 10:47 AM

There will be market moving news from the Fed tomorrow.............



#28 diogenes227

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Posted 03 January 2019 - 11:00 AM

15 SPY calls

18 QQQ calls

Both March

Hope to get more fills at lower prices

 

I really appreciate all the great, insightful links you post here.  Thank you for your contributions to this board.

 

Now, as a day trader in SPY options, I'm curious. I'm up 60 plus percent at the moment in the SPY 249 puts, tomorrow's expiration.  What is going on in March calls?

 

I assume we're going to have a big bounce anytime now but if it takes its time, isn't time decay going to clobber March?

 

This averaging down with time restraints worries me.

 

Good luck and good trading.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#29 cycletimer

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Posted 03 January 2019 - 11:35 AM

<<Will load on APPLE calls if stock reaches $135; will by a few even if it gets to $140>>>

 

Why not sell cash-covered AAPL calls instead?  I just sold the February 1st (140 strike) puts for 5.05 each.  



#30 dTraderB

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Posted 03 January 2019 - 11:43 AM

 

15 SPY calls

18 QQQ calls

Both March

Hope to get more fills at lower prices

 

I really appreciate all the great, insightful links you post here.  Thank you for your contributions to this board.

 

Now, as a day trader in SPY options, I'm curious. I'm up 60 plus percent at the moment in the SPY 249 puts, tomorrow's expiration.  What is going on in March calls?

 

I assume we're going to have a big bounce anytime now but if it takes its time, isn't time decay going to clobber March?

 

This averaging down with time restraints worries me.

 

Good luck and good trading.

----------------

 

 

 

Sorry, can't reply now, later.

Will close some calls now