man, it has been quite some time that i can remember such a choppy market (at least if we're speaking of the indicies). below is the intraday chart of the spx dating back to basically the start of this pullback in the beginning of august. there have been a series of 11 different rallies ranging between 1% and 4%, and in between each of those rallies has seen 10 different declines that has seen the same range of 1% and 4%. "long live volatility" as frankie would say. it's definitely a traders heaven these days if you can capture it. but in the bigger picture, we've haven't gone anywhere for the past month in the spx.
Global markets rally as Hong Kong’s Lam withdraws extradition bill that triggered protests https://www.marketwatch.com/story/h...hat-triggered-protests-report-says-2019-09-04 Not sure if the protest will end over there to be honest but it helps the market a little bit today I guess Futures really spiked hard after this news came out late last night
Apple event next Tuesday, but seems like there is no hype about it at all this time or I am not paying enough attention to news
I just got version 12.4.1 update for the phone....which is a fix for a mistake from the last update... they're starting to act like Windows 10 programmers....
At this point, I don't like the idea of entering long above SPX 2900. The risk reward is not worth it. It could break out above 2940...but you have to be sensible
This is not based on my theory. Just a thought. I'd like an entry around SPX 2800 to 2850 one more time for a possible re-test of the ATH
Cool data bigbear. VIX has been over 16 for a month, and we've only moved 2840-2940 SPX, but of course many times crossing top to bottom to top to ...
I dunno how many of you all hedge your ports with an inverse ETF like TZA, but August has been awesome for selling calls (short term weeklies) against those hedges. With all the market whipsawing, they've been expiring worthless for a set up to do it all over again. You know it's fun if you're making $ hedging the hedges.
I have GLD and TLT as hedges just in case if we have some big equities selloff, both have exceeded my expectations this year
PANW has recovered. MNK down nearly -50% after hours, my headline reading says they are going to restructure the company.
