crazy swings like that tell me wall street has no idea if the rate hikes are good or bad...some are buying some are selling... so far the sellers have more money....lol
As everyone is saying, a lot of intraday volatility. But $TICK hitting 600+ at 12:12 p.m. PST. Institutional traders are buying long
I am still in my long positions. I have to decide whether to exit for profit taking at 1. 2740-2760 range; 2. 2800 test, if that happens; 3. the ATH test, if that happens.
The SPX at 2722. The bulls and bears still battling intraday. That 2725 is key for the bulls, I think, today
i bought some TWTR early on today, i couldnt pass up getting in after that 10% drop. premiums on selling calls for twtr are pretty high right now.
Trump set to propose new trade restraints, tariffs against China on Thursday https://www.marketwatch.com/story/t...-tariffs-against-china-on-thursday-2018-03-20 I guess the reaction from China will be something to watch for
The SPX couldn't hang on to that 2725 level. But the overall trend continues to be up. If the price collapses--hopefully deeply--I shall average in some more.. I plan to hang on to the my current long positions. According to my theory, the price has to come back to a level where I could exit with some profit at some point. So, I am not planning on exiting my current long positions.
Here is Thursday's pre-market thread for those wanting to get a quick read before the open- <-- click there to read! Hope everyone has a great trading day ahead today!
U.S. Jobless Claims Rise Slightly to 229,000 Source: https://www.wsj.com/articles/u-s-jobless-claims-rise-slightly-to-229-000-1521722163 WASHINGTON—The number of American seeking unemployment benefits rose slightly last week, but continued to hover near multidecade lows, suggesting a firm labor market. Initial jobless claims, a proxy for layoffs across the U.S., rose a seasonally adjusted 3,000 to 229,000 in the week ended March 17, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 225,000 claims.
welp, didnt see this coming, not going to lie lol. market loves pulling the rug from right under unsuspecting people.
Broke down below that area of overnight support...bleeding has stopped for now. We'll see if it gets bought up at the open.
