Member
Posted 10 July 2019 - 07:56 AM
NO, do not chase the markets, wait to see the Q&A session and Minutes tomorrow as well as the reaction a day or two later.
BMO's Ian Lyngen: "Well...That was dovish. The Chair just confirmed that things have gotten worse." Time to buy everything at all time highs, on margin
Member
Posted 10 July 2019 - 07:57 AM
Definitely buying QQQ October PUTS today.... unless market suddenly drops 50 SPX points.
Also going long VXX with a low 23 handle
Member
Posted 10 July 2019 - 07:59 AM
Ya agree the futures pop isn't really that strong which is interesting, guess we'll see after the cash open to see what happens!!
Member
Posted 10 July 2019 - 08:36 AM
Yay touched 3000, and so it starts.....
blustar
Posted 10 July 2019 - 09:30 AM
Yup, we have a top, now down she goes into Sept 27. July 10 -18 down [especially July 16 full moon/eclipse to 18th near Saturn/ Venus opposition], up into July 23/24, down into August 2, up into Aug 14, down into Aug 26/28 up into Sept 6, down into the 27th.
Member
Posted 10 July 2019 - 10:15 AM
Did not know Facebook's LIBRA is of such great importance to House Finance Committee
More LIBRA talk than economy, rate cut etc
Member
Posted 10 July 2019 - 11:03 AM
Did not know Facebook's LIBRA is of such great importance to House Finance Committee
More LIBRA talk than economy, rate cut etc
No, but my Birthday is Oct 19th..... Does that day ring a bell?
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Member
Posted 10 July 2019 - 11:10 AM
So the Fed is going to start a rate cut cycle soon..... Should be good for trading I think...... Rates going down are always good for stocks I hear..... I will just trade the trend..... Some historical data on rate cut cycles...... It better be different this time, but I don't care since I trade what I see not what I think....
https://stockcharts....517&a=673038969
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Member
Posted 10 July 2019 - 11:34 AM
u guys ......lol....watch the sky ...ol mcdonald hada farm ei ei ooh...with a top top here and a top top there..........
blustar
Posted 10 July 2019 - 11:51 AM
Yup, we have a top, now down she goes into Sept 27. July 10 -18 down [especially July 16 full moon/eclipse to 18th near Saturn/ Venus opposition], up into July 23/24, down into August 2, up into Aug 14, down into Aug 26/28 up into Sept 6, down into the 27th.
Correction: Down into August 5, up into Aug 15, down into Aug 27-29, up into Sept 9 down into Sept 27th.
