Daily Discussion - Main Discussion thread

I've learned entering heavy on what appears to be a nice collapse point may not be such a profitable move...you have to know when it's "clear" and when it's risky, too risky

 

Getting better. At SPX 5560 now. Whetting my appetite

 

Ok. I entered at 5560. We'll see what happens. I think the SPX 5550 level is a solid entry point. It may take time though

 

Woah bottom looks like Tarrifs could sell this off more a mini recession maybe

 

with the collapse this afternoon, it looks like the spx has now joined in with the other majors in correction territory off -10% from ATHs.

ngl, but i kinda would like to just see the washout capitulation already. would be a lot more meaningful to me if we saw the vix for example spike it into the 30s and 40s.

this all still feels very orderly to me. which doesn’t give me too much confidence that a bottom, even a short-term one, is in yet.

 

that being said, things are getting a little overextended on a technical aspect. like at some point we’re just going to be due for a bounce because of being so grossly oversold..

 

Ok. SPX 5580--I exited entirely. Profit taking. The price action is too weird. Must protect and assess what's going on

 

I entirely agree. But still knowing the chart action and knowing what to do with actual trading are two different animals. Trying to get better at both

 

Ok. I entered at SPX 5510. At this point, it seems like a meaningful entry point for buying. Better than 5580

 

Ok. Day trade. Out completely at SPX 5550. Profit taking in this volatile environment

 

Powell to speak today Wednesday. The SPX is at around 5650--a silly territory to trade. I'd prefer 5600 for a long entry. But, ideally 5500 would be much more attractive but don't know if that's going to happen...the price may blast off...I think I want to emphasize protecting what I have in this situation

 

Today, Thursday, it's at the 5660 level now...after the FED spoke yesterday...but it feels like this level is too, too risky...the SPX has to be around 5550 to be worthwhile...but ideally 5500...hmmm

 

I think it's about discipline

 

With Powell 1.4 percent GDP growth for year. We're looking pretty bad no wonder taking pause today.

 

I feel that the SPX should not be struggling like this in the 5640 level...it's not expected behavior for a bull thesis

 

Defensive names holding up as of now but I am not sure if we will see the rock bottom unless those name roll over together along with the market, I am surprised to see GOOG isn’t too far away from its 52 week lows

 

Nice bounce off the lows this morning, I actually wouldn't be surprised at all if we see a rally when the tariffs become a reality on April 2nd