FED CUT: building SHORT position, slowly...

Now that they have cut by 50 bps and SPX above 3125, I will be building a SHORT position (with several positions in QQQ and SPY PUTS and VXX LONGS) during the next few days. 
SLOWLY does it, let the FED cut work, observe reaction now and during next few hours and days. 

And, of course, similar cuts & QE/stimulus from other countries

Edited by LMF, 03 March 2020 - 10:09 AM.

Now you see why I was only playing longs the last few days

600 dow points in 1 minute!

I would think it would be best to see if we hit 3150 before shorts or if we fall below 3090 again.  

And there you go, stop in at 3090.00 now lol!!  

Biggest buy the rumor sell the news setup in all history !!!!!!

Boy this has become a fun day lol!!  Lowering stop to 3085.00

I expect markets to finish UP today and also tomorrow.

Powell will explain

The President should be pleased with the rate cut

Expect more QE - whatever name they call it, and more promises for more cuts etc

Expect other nations to cut - later today, tonight, rest of week

So, I wait, no shorting as yet, just daytrading.

The VIRUS is really the determining factor and we have to see how it affects business, economy, lifestyle and CONSUMER CONFIDENCE globally

And now gonna let it settle and watch for an hour I think.  I think this puts the market in an interesting position of what to do.  I do think the moment people accept the fact that this is no worse than the bad flu it is the market will return to its rally albeit super volatile I think!

dtrader, dont you see this as a huge red flag that the market will sniff out ?

buy the rumor sell the news.... the market can zoom down from here, FAST real fast., perhaps 87 style