To test SPX 2730 and pray it will hold.................
IT Target
Started by
redfoliage2
, Oct 08 2019 10:24 AM
11 replies to this topic
#2
gismeu
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Posted 08 October 2019 - 10:54 AM
To test SPX 2730 and pray it will hold.................
from an astrology point of view, the next 2 weeks are not looking good at all, so I do concur.
gis
If you can't buy Happiness, STEAL IT!
#3
12SPX
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Posted 08 October 2019 - 11:04 AM
Hmmm I think its to obvious this time around and everyone and their dog and even cats are bearish.
#4
skott
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Posted 08 October 2019 - 12:41 PM
yep, and I"m long right now after being short from yesterday afternoon and last night. too many people wanted to jump on this weakness
at least short term any way.
at least short term any way.
#5
opinionated
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Posted 08 October 2019 - 12:50 PM
Long this morning at 2900 spx SPY 291c exp 10/11 Also Long AMT 227c exp 10/18 Also Short Gold at 1512 stop 1515 target 1470
I expect a strong rally thru Friday and plan to cover at the close all positions at that time.
#6
skott
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Posted 08 October 2019 - 08:15 PM
I'd probably do that too Opinionated but I have to go out of town for medical treatment Friday. If the market doesn't crash I think that would be a good trade. I guess I could try some options. no commissions any more 
#7
opinionated
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Posted 08 October 2019 - 08:35 PM
Skott,
Well it was a sweet looking trade until the tweet master opened his mouth again. I rode it out but may have been a mistake. Slightly under water at the close an my gold short still not triggered as of yet. Hit 1514.85 twice.
Well it was a sweet looking trade until the tweet master opened his mouth again. I rode it out but may have been a mistake. Slightly under water at the close an my gold short still not triggered as of yet. Hit 1514.85 twice.
#8
skott
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Posted 08 October 2019 - 08:44 PM
I'm lucky alot. I got out cuz I wanted to take a nap before work. my time is always constrained in the afternoon.
The short side was great for me from overnight. I didn't even know trump said anything ... but he is always saying something. The long side sure feels alot scarier lately but I've always been more nervous about stock market longs in general. If had to guess I'd say this trade will work for you but I have no money on the line now except for Gold stocks
#9
redfoliage2
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Posted 09 October 2019 - 09:05 AM
The market is on an oversold bounce and let's see how far will it go. I see 2970 should contain it ...............
Edited by redfoliage2, 09 October 2019 - 09:06 AM.
#10
redfoliage2
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Posted 09 October 2019 - 08:00 PM
It looks no deal from the US-China trade talk. Right now SPX futures went down more than 20 points. I expect the damages from the trade war will finally show up on the 3rd quarter SPX earnings to be out soon...............
Edited by redfoliage2, 09 October 2019 - 08:01 PM.
