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#1 da_cheif

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Posted 17 March 2021 - 06:53 PM

holding for a gap up to 4050



#2 pdx5

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Posted 17 March 2021 - 08:01 PM

4050 would be great if it gets there.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 da_cheif

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Posted 17 March 2021 - 08:09 PM

4050 would be great if it gets there.

it will    .....the line for tommorrow is around 4070



#4 brucekeller

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Posted 18 March 2021 - 05:08 AM

not looking too good so far, but europe does like to bring us down in the pre-market



#5 12SPX

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Posted 18 March 2021 - 07:43 AM

As I said at the start of the week, from my expiration cycle numbers, 4000 was going to be a hard reach this cycle and it seems to be coming to pass.  New cycle starts next week maybe then but if we hold around here its not looking good for April's end to its cycle.  Gonna be a fun last day of trading, profit stop 3950! 



#6 andr99

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Posted 18 March 2021 - 08:31 AM

not looking too good so far, but europe does like to bring us down in the pre-market

 

it's the other way around.....it's the sp futures that bring Europe down. You have Europe in green with sp futures in green and as soon as that green of the futures turns to red, Europe turns down. It's a damnation...... 


Edited by andr99, 18 March 2021 - 08:33 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#7 pdx5

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Posted 18 March 2021 - 10:32 AM

30 year treasuries now yielding 2.5% are putting pressure on stocks.

But that 2.5% is fully taxable, and what is left after taxes is way less than REAL inflation.

A guaranteed loser haha. SO unless yield reaches 3.5%+, stocks are the only game in town.

With stocks at least there is a chance to beat inflation.  


Edited by pdx5, 18 March 2021 - 10:36 AM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#8 brucekeller

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Posted 18 March 2021 - 11:24 AM

30 year treasuries now yielding 2.5% are putting pressure on stocks.

But that 2.5% is fully taxable, and what is left after taxes is way less than REAL inflation.

A guaranteed loser haha. SO unless yield reaches 3.5%+, stocks are the only game in town.

With stocks at least there is a chance to beat inflation.  

Kinda funny considering it's almost always been the opposite, where plummeting yields mean a flight to safety. Maybe some smart money is expecting it to skyrocket because of alternate 'safe havens' like what bitcoin is proposed to be. I heard the advise is to replace a % of bonds with crypto instead. 



#9 pdx5

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Posted 18 March 2021 - 11:34 AM

Crypto is driving me crazy, trying to understand what is it's intrinsic value. 

Not backed by any sovereign country, not backed by precious minerals, not backed by any bank.

Is it same as the American Express checks? When I was traveling through South & East Asia, American Express checks were preferred over currencies because the company stands behind them. But I am not aware if any major corporation backs crypto-Bitcoin etc.


Edited by pdx5, 18 March 2021 - 11:35 AM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 redfoliage2

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Posted 18 March 2021 - 12:57 PM

holding for a gap up to 4050

Why not?  For some reasons quarterly OpEx Fridays often go wild with shorts being scorched badly,  and let's see if this will be the case tomorrow.............................


Edited by redfoliage2, 18 March 2021 - 01:05 PM.