correction: this is not the largest +% move ever, that was back in 2008. this did though surpass the dec. 2018 record which i believe was something like +4.8%? i'll check on that one now!
the largest +% move ever for the DJ30 was actually +11.08% lol that was back on oct. 13th, 2018 during the height of the financial crisis. wow!
Robinhood trading platform has been down the entire trading day today. Luckily I did not have any plays holding over the weekend, but I'm sure there is going to be a lot of blowback on this. Many people got trapped in held put trades over the weekend. You also cannot withdraw any money, but as soon as that function is enabled - I am withdrawing all of my money.
I am a seller today, didn't buy anything. Not saying I am totally sure this market is gonna crash again, but I am holding a lot of stocks already after buying the dips last week. I need to reduce my exposure and raise some cash just in case we have the crash again
I think many who bought last Friday would be very frustrated especially if the market crashes tomorrow and they lose all of their profits.
Super Tuesday tomorrow, if Biden does well and Sanders doesn't then maybe we would see the market spiking on Wednesday
im looking for the half back retrace, just like everyone else lol. i think that is 3125 in the S&P. probably not a good sign if everyone looking for the same thing lol. but if we get towards those levels, i will probably start to sell some stuff myself.
here we go again @OldFart with cnbc giving out false info although, not 100% sure on this, but i'm thinking this may have something to do with the implied open that @Three Eyes was mentioning the last time we saw this happen. something about fair value, from when the cash markets and futures close. i think it's during that 15 minute timeframe from 4:00pm eastern to 4:15pm eastern or something like that. @Three Eyes explained it better than i.
Good Tuesday morning traders and welcome to a new day, fresh start! Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great trading day ahead!
Ha ha, "fair value" and "implied open" are two different things, but go hand-in-hand and are fairly straightforward concept,s but not easy to explain and I likely didn't do it justice. This article at Zacks does a much better job! https://finance.zacks.com/difference-between-premarket-futures-fair-value-10349.html
hmm, i had to step out for the morning so i missed the move, and tos is crapping out on me atm so i can't go back and look, but i'm curious did we hit that 3125ish on the cash spx on that surprise fed cut spike this morning? that would be interesting if we did as that was the 50% retrace level of the entire down move.
