Has anyone noticed all of the new internet company ads on tv at all with terrible names? Not sure why but it reminds me of 1999 lol. Not surprised the market is down this morning as the push up on Friday on zero volume made it a little suspicious along with rising bond yields and the market very overbought. Here we are in September the most down month of the year and everyone and I mean everyone is talking about it so not sure if it will happen for sure but we'll see as the market is also priced for perfection. I'm sure volatility is going to kick up at the least as I heard a secret trader did a $300,000,000 bet that in the next three weeks volatility will get back up into the 23 area. Quite the bet I think....Nonetheless I took profits on my short from Friday for 10 points this morning from 5640 posted on d's thread, will start selling back there again if we can get up there again this morning.
New Internet Companies
#2
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Posted 03 September 2024 - 07:53 AM
Does anyone also notice a lot of 0% lengthy loans out there also?
#3
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Posted 03 September 2024 - 08:41 AM
Well with the open being nicely down just before the open I sold at the 5635 level and my profit stop is at 5630, sell above
#4
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Posted 03 September 2024 - 08:45 AM
Has anyone noticed all of the new internet company ads on tv at all with terrible names? Not sure why but it reminds me of 1999 lol. Not surprised the market is down this morning as the push up on Friday on zero volume made it a little suspicious along with rising bond yields and the market very overbought. Here we are in September the most down month of the year and everyone and I mean everyone is talking about it so not sure if it will happen for sure but we'll see as the market is also priced for perfection. I'm sure volatility is going to kick up at the least as I heard a secret trader did a $300,000,000 bet that in the next three weeks volatility will get back up into the 23 area. Quite the bet I think....Nonetheless I took profits on my short from Friday for 10 points this morning from 5640 posted on d's thread, will start selling back there again if we can get up there again this morning.
This seasonality and recession talk for the last two years.
Edited by linrom1, 03 September 2024 - 08:45 AM.
#5
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Posted 03 September 2024 - 08:58 AM
Ya a little to much but also just saw a chart of last years similarity where we were down into November just last year. Took profits for 35 points will see about selling above 5600 as were just giving back the stupid rally from Friday so far.
#6
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Posted 03 September 2024 - 09:22 AM
Here we go again, call options to the moon in price with this little dip, might have to change my sells here lol!!
#7
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Posted 03 September 2024 - 10:11 AM
Kind of interesting as I'm starting a small short build at 5585, gonna keep it wide as were already down pretty hard so could see some pops higher....
