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SHORTING zone ahead... beware


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#11 Dex

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Posted 24 March 2020 - 05:52 PM

USOIL is really taking a beating? No summer travel, everyone stays at home.

The low is in for oil.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#12 dTraderB

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Posted 24 March 2020 - 05:54 PM

**RTH PLAN MARCH 25**

1. Lean on longs > 2347 for an eventual test of 2502. I expect 2700 to trade shortly thereafter and form a BASE between 2200-2700

2. Below 2347, lean on shorts target 2195

Now 2440


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#13 dTraderB

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Posted 24 March 2020 - 05:57 PM

where would you short the spx ? 

 

OIL may make new lows since demand has plummeted, less driving, airlines grounded, stay home mode etc 

However, at any time there could be TALK of a deal between Saudis and Putin or even talk of a meeting that will produce a 25% rally in crude, or more.



#14 dTraderB

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Posted 24 March 2020 - 06:04 PM

Quite possible! 
 

Tomorrow
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Adam Singer
@AdamSinger
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DOW +11%. Wild. How many times will we see this again in our lifetimes.

 



#15 dTraderB

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Posted 24 March 2020 - 06:05 PM

Only 4 more days like today and we’ll be back to ATHs
 
 


#16 orange

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Posted 24 March 2020 - 06:05 PM

If one person gets sick on a cruise, you'll be extending your "vacation" a month.


"When your position is underwater, average down" - Trader Bob

#17 linrom1

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Posted 24 March 2020 - 06:10 PM

 

USOIL is really taking a beating? No summer travel, everyone stays at home.

The low is in for oil.

 

You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.



#18 linrom1

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Posted 24 March 2020 - 06:21 PM

 

It's going to crap out quick?



#19 Dex

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Posted 24 March 2020 - 06:21 PM

 

 

USOIL is really taking a beating? No summer travel, everyone stays at home.

The low is in for oil.

 

You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.

 

If I remember correctly, oll led stocks down.  Now off about 50-60%.  If it goes to 15 it won't stay there long.

 

Now if you want to look at something to short look at alternative energy were oil competes.  I have't looked but at these low levels for oil alternative energy is expensive.  A very risky idea but it feels right. 


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#20 tommyt

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Posted 24 March 2020 - 09:26 PM

TicToc makes all kind of wild statements, pay no attention. He through buy ares out most of the way down.

Monkey Man - @BlueDot130

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