Stock Market Today: November 7th - 11th

Discussion in 'Stock Market Today' started by Stockaholic, Nov 4, 2016.

  1. Stockaholic

    Stockaholic Content Manager

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    whelp we're getting awfully close to that -5% limit down
     
  2. Stockaholic

    Stockaholic Content Manager

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    /es now down -100 handles lol
     
  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    aaand this is why i bought UGLD a couple days ago, as a hedge just in case the improbable happened. man trump really has a legit shot here, if he takes florida and north carolina, things will get really interesting.
     
  4. Stockaholic

    Stockaholic Content Manager

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    indeed ... i think its very possible he takes this now ... let's see what that 11pm hour has in store for us as the western states are set to be revealed ... its gonna be pretty damn close lol!
     
  5. Baggi

    Baggi Active Member

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    Trump took Florida now too.

    I'm thinking we see the lock limit down. What's the lock limit number? Just over 100 points down?
     
  6. Baggi

    Baggi Active Member

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    Trump also took North Carolina. If he takes Michigan or Pennsylvania, it's over. New York Times is now projecting an 87% chance Trump wins.
     
  7. Stockaholic

    Stockaholic Content Manager

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    ya -5% would be about -110 handles i believe?
     
  8. YLC

    YLC Member

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    This is unbelievable.
     
  9. JaysonW

    JaysonW Member

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    This is crazy!
    I'm thanking my lucky stars I was able to move out of stocks into an all cash position this afternoon, but I was unable to grab SDS at the bell.
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    This is really looking ugly

    upload_2016-11-8_20-6-4.png
     
  11. Baggi

    Baggi Active Member

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    Any guesses if we keep going down what number UVXY will hit? I put a huge portion of my cash into long calls in UVXY. If it goes up to 25, well, let's just say it'll be an early Christmas for me.
     
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  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Trump ahead in Swing state Florida

    upload_2016-11-8_20-32-46.png
     
  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    trump is likely to win as of right now. comes down to wisonsin and michigan.

    buying gold was smart of me, but i should have sold more of my long positions apparently. i really did not expect this
     
  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Hard to say, maybe a 50% pop (28+) but that is just a blind guess. You could check out how UVXY did after the Brexit vote.
     
  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    did we just hit lock limit?
     
  16. Baggi

    Baggi Active Member

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    It didn't move much during brexit. About 15 points up, from around 61 to 75 or so. Hard to say exactly. I think it's split 10/1 since then, or something close to that.
     
  17. Baggi

    Baggi Active Member

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    It moved up 9 points in the last 9 down days, when the market moved about 60 points down. So, maybe we'll get a 10 point jump up. If we are around 25 tomorrow, that'd make me really happy.
     
  18. Baggi

    Baggi Active Member

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    I think we must have.
     
  19. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    yup and gold about to hit 5% to the upside.
     
  20. JaysonW

    JaysonW Member

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    I think they just made that announcement on CNBC.
     

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