Currently invested in WYNN. Didn't see gains from the news today. Hopefully it's just lagging behind and will make up for it in the next few days
yep, looks like the 10-year and dollar stirring things up this AM, gold with a new 2018 low and printing sub-1300, even crude coming off its spike highs. that small cap index was kind of a tell yesterday after it hit its head for the 3rd time on the ATH resistance and pulled backed.
Sold all 2,428 SVXY shares @ 3.08 this morning for a small loss + Commissions Still holding the long put spread on VXX. worse that can happen is a $234 loss.
HD missed on earnings? First time in awhile seeing them missing, usually they beat and raised pretty much almost every time Small caps holding up relatively well today despite big caps are deep in red Seems like on a day that we have strong dollar and strong domestic economic data, people just prefer small caps over big caps Seems like those gambling stocks are up for 2 days in a row after the sports betting news yesterday, CZR, PENN, and CHDN, etc all up pretty nicely despite the red market
imo it's the 10-year yield, breaking out. It might have been a trap, that the yield went to 3% three weeks ago and then they got the market to rally on low volume the last couple of weeks. Now people think "it's not the interest rate because we did just fine". The market newswriters inoculated investors against paying heed to interest rates.
If we make one more drop to the 200 ma, then we will see a triple top in small caps, and a head-and-shoulders in QQQ. Will be interesting to see if that happens. Still a ways to get there, in development.
SPX almost closed that gap. Just need another point. And opened a new gap above as a trade target for later this week or into next week!
Long 2409 shares of SVXY @ $13.18 Still holding my Jun vxx put spread from $2.34 - down about $30 after yesterday.
Short squeeze SPY...crazy move right before lunch. Caught a small move on the IWM, and a little on /CL.
