Stock Market Today: May 28th - June 1st, 2018

Discussion in 'Stock Market Today' started by Stockaholic, May 25, 2018.

  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    QQQ bear spread and SPY bearish diagonal is cushioning me today - closed out my VXX bear spreads as V1/V2 backwarded.
     
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  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Make that a rough day for SVXY - did not take any position today, but I probably will be making some tomorrow in SVXY/QQQ and tonight in ES1!
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    European fear back on after we haven’t heard about it for awhile :p Maybe we get a black swan event that Cy sometimes talks about here :D
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market bounced back off the lows, but we probably aren’t out of the woods until the Italian bond market begins to stabilize
     
  5. Frankenstein

    Frankenstein Well-Known Member

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    Didn't drop enough for me to enter. I have to re-assess tomorrow as to what level to enter, if the price continues to retrace
     
  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    market keeps finding every reason to not go up, lol
     
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  7. OldFart

    OldFart Well-Known Member

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    Made a few bucks on the /CL drop just now....time to hit the sack

    Tomorrow has SPY & SPX options expiration...should be interesting...
    China with rude language about the US sanctions once again.
    Starting to wonder if US & China want to keep volatility in the works.
    One week it's hands on each other's throats, then the next week, they're best friends again...wtf...lol
    Stay on your toes!
     
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  8. Stockaholic

    Stockaholic Content Manager

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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like Japan market stayed up last night, and Europe holding up.
     
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  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Opened a position in SPY this morning when we dropped back to the open 69 shares @ 270.50.

    Just opened a position in SVXY 2,470 shares @ 12.95.

    Edit - still holding my DUST short - looking for the gap fill at 23.19
     
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  11. OldFart

    OldFart Well-Known Member

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    watching SPX and totally missed the move on oil :mad:
     
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  12. rStock

    rStock Well-Known Member

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    Busy at work, missed out Long sxvy
     
  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I know the feeling. I tried to open a long /ES last night around 7ish when it was at 2688 but I hadn't closed out my DUST short and couldn't open because my equity was short by like $500 and missed this rally today.:mad:
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Almost like yesterday never happened :p Small caps hitting new ATH once again today :eek: Bank stocks still in the red for the week though after the massive selloff yesterday
     
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  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    i wasnt expecting such a huge move, sold calls on my LABU position today at 95 strike around the start of the day, as soon as i sold it, like 15 minutes later, option prices exploded, i got played lol.
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I wasn't expecting such a huge move either, more than Asia/Europe got.

    CRSP down 20% after hours, FDA hold on sickle-cell drug application. FDA needs time to submit questions to CRSP/VRTX, then the companies can respond.
     
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  18. jazz

    jazz New Member

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    hello folks, can anyone recommend a trading website which sends text alerts when to buy and sell?
     
  19. Stockaholic

    Stockaholic Content Manager

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    hard to believe we're already closing out the month of may today :eek:

    [​IMG]
     
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  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Closed SVXY position right before the close @ 12.97 for a small gain.
    Will close SPY position at open today for a nice gain.
    Still holding DUST short - just won't fill that gap yet.
     
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