103 replies to this topic

[dTraderB]

Druck apologizes and seems to have gone bullish! 

 

Dougie Kass

@DougKass

·

40m

 

There wasnt a bull at the March lows. Now there isnt a bear, Chuck. Hysterical. Freakin' hysterical.

[dTraderB]

Not a word from BUFFETTT.... TRUMP said Warren missed the airline stocks aurge!

 

But, Warren & I will get many opportunities to buy airlines etc at much lower levesl

[dTraderB]

Rather listless choppy markets...

 

 

Dougie Kass

@DougKass

·

53m

 

The case for stocks being made on

@cnbcfastmoney

is that liquidity is adding to economic growth - "a powerful combination." But, these 2 factors were known in late March/early April. The difference is that the S&P is +1000 handles. A rising market produces a deteriorating reward to the upside vs risk to the downside. No one, is pointing out to the reduced margin of safety and worsening reward v risk, as the inevitable return of the economy and the monetary assist come to the fore. Money, big money is made in the anticipation when stocks are under pressure, not +1000 S&P points later. Many of the same panelists who had their head under the desk in mid March are confident in their optimism today. "Price has a way of changing sentiment." (h/t

@hmeisler

) Where are the contrarians?

@ScottWapnerCNBC

[dTraderB]

I follow his trades and analysis, very close to my opinions on stocks most of the time

 

Dougie Kass

@DougKass

·

2h

 

Sold more $QQQ on opening at $239.54 on

@realmoney

@jimcramer

@tomkeene

@cnbcfastmoney

@SquawkCNBC

[dTraderB]

BUT, the recession is already over! 

 

*Walter Bloomberg

 

@DeItaOne

·

57m

 

U.S. ECONOMY ENDED EXPANSION AND ENTERED RECESSION IN FEBRUARY 2020 - NBER

 

NBER: Economy Peaked, Entered Recession, In February 2020 https://nber.org/cycles/june2020.html

 

Liz Ann Sonders

@LizAnnSonders

·

30m

 

Quite obvious given nature of this crisis, but today’s recession start announcement is fastest

@nberpubs

has ever made in terms of time from peak in activity to press release

[dTraderB]

Carl Quintanilla

@carlquintanilla

·

3h

 

At 3200, the S&P 500 is sitting 9% above "the average level where strategists expect the index to finish 2020. That's the widest gap in Bloomberg data going back to 1999."

[12SPX]

Guess I shoulda used my profit stop but held off to the end of the day and now my average short is 3218 for overnight, likely wont put in a buyback.

[12SPX]

It's true its true, the market does go down overnight, never thought it would happen and I'm just looking for a small pullback.  Yesterday was the first day in awhile I havn't made anything short term lol!  Profit stop 3210! 

[dTraderB]

Ride the bubble... exit ASAP when it turns....

 

Mainly big position NQ trading yesterday and today

 

BUY LIMIT ES LONG filled @ 3195.25

Did not hedge last night with ES since I had nothing to hedge after that ramp up in the afternoon

Will roll any ES or NQ Futures contract into SEP

 

68 SPY PUTS  (was too busy trading NQ on that meltup during the last hour yesterday)

 

CRUDE short trades coming up but cannot focus on ST trading on more than one or two instrument

[dTraderB]

closed ES @ 3202.5

 

will reopen lower, later