$SPY plenty of room to the downside. As fast as we went up is as fast as we can come back down. Looking for sub 220 post fed
I'm begging for punishment I guess. I took off my short puts today in case of a big down move tomorrow. As if.
may not even wait for tomorrow ... why not today? haha probably not ... but we're now sitting less than 50 ticks from 20k as of this very minute
just to add onto this ... if we do print 20k today (or even tomorrow) we'll have smashed the previous record for the fastest 1k gain from one major milestone to the next in the dj30 ... we're currently on trading day #14 since first crossing 19k ... the record is 24 trading days set back in 1999 when the dj30 went from 10k to 11k
Yep it's just a magnet now. Every Algorithm in the world is going to push it over that it looks like. Probably today? Just do it already.
Who was it about a year ago who was here saying we have seen the top of the market and we are never going back? It was the prophet guy.
^^ did it go by the name of weather and bill? i think it went along the lines of "we will never see 2130 again" or something like that lol edit: could be worse ... this guy was calling market tops back at dow 12k | | v Spoiler: Click to Show!
Well the weekly SPY is completely outside the BB's now, I don't think we see it tomorrow. LOL but I was short after the Brexit pop until I couldn't take any more pain. All I know is it's really hard to even find decent day trades now with this run up imo.
go long until its wrong!! lol. BAC, XME, LMT, all looked like nice buys today, lets see if they hold their supports after the fed aftermath.
Ah well, guess I'll have to suffer through Christmas. I pulled my short puts off too early today. Could have made a couple more bucks. Any guesses tomorrow on the fed? Looks like at least a quarter point and maybe even half a point. And yes, weather bill. And I think it was around 2130.
I think A LOT of the big money that was in will start to unwind and take positions off the table. There will be a lot of volume coming in so it will be easier for them to do this. I think Gold Roars, and Bonds Rip up. Computers will jam these up IMO, they are so oversold and have not had a big event with big volume since the election. I am not sure how big the pull in will be I am wanting about 80 handles south of here at least...but wherever you are looking at BTFD. My $0.02
Great video. What do you think of boeing? It's had a large run up here (like many other underlyings) and went up over $160 during after hours trading only to lose it all and then some.
