Stock Market Today: November 27th - December 1st

Discussion in 'Stock Market Today' started by Stockaholic, Nov 24, 2017.

  1. Stockaholic

    Stockaholic Content Manager

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    markets taking a dive here ... not sure if its tax news related or what i'm not really following with the news today.

    not that it matters ... the up move this week was a little overdone to put it mildly lol ... some pullback is perfectly normal here.

    probably will end up being another BTFD as usual though haha.
     
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  2. Stockaholic

    Stockaholic Content Manager

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    looks like sources are pointing to this headline being the culprit:
    [​IMG]
     
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  3. OldFart

    OldFart Well-Known Member

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    here we go...wild market swings are a common thing with Trump in the white house..can't say it isn't boring...lol
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Damn, knew I should've shorted IWM.
     
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  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Big overreaction... BTFD. Bough Dec 8th VXX $35 Puts @ 1.50 when it was up 12% earlier.
     
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  6. StockJock-e

    StockJock-e Brew Master
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    To the time machine!!! :D
     
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  7. StockJock-e

    StockJock-e Brew Master
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    Flynn news sell off here, nothing major, just Wednesdays lows on the ES.
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seems like I missed the fun action this morning :p Market now well off the lows
     
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  9. Stockaholic

    Stockaholic Content Manager

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  10. OldFart

    OldFart Well-Known Member

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    so....just WHO at ABC news was short this market?....

    ABC said later in an updated report that Flynn will say Trump asked him to make contact with Russia "initially as a way to work together to fight ISIS in Syria."
     
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  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    VXX Puts are up 87% from mid day. I am holding over the weekend, so fingers crossed. I have sell orders in at 3.00 - closed at 2.85.

    Edit - Order for half of my position went through at the close @ 3.00. letting the other half run on the house's money next week with a 25% stop! Also noticed my puts are now in the money as well.
     
    #71 AverageJoesTrades, Dec 1, 2017
    Last edited: Dec 1, 2017
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Man what a wild day :eek: I am holding some longs over the weekend too, I feel like we won’t see a big selloff until we get some kind of an outcome for tax reform :D
     
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  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I feel that the tax bill will pass by Monday or on Monday and we'll see the rest of the month finish with a Santa Claus rally.

    Also - Kushy boy is getting tangled up with Flynn now...
     
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  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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  15. OldFart

    OldFart Well-Known Member

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    good call!
     

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