Ghost of Igloi wrote:
https://realinvestmentadvice.com/wp-content/uploads/2018/12/SP500-Chart3-120718.png
That particular pattern suggests prices will go up next.
Ghost of Igloi wrote:
https://realinvestmentadvice.com/wp-content/uploads/2018/12/SP500-Chart3-120718.png
That particular pattern suggests prices will go up next.
PPT currently having to work nights as well as days now! Futures were able to regain a lot so far, looks like a flat open. Really tempting to jump back in even though I said I was gonna sit out.
And now iPhones are banned in China. RIP NASDAQ
why do I feel we are one options contract away from the Dow dropping another 1,000 points?
Seems like the computers are watching the market and will leap in when they see a trend.
especially a negative trend
I'm leaning back toward my theory that China is banging on the market, shorting it over and over to put pressure on Trump to back off the trade war.
agip wrote:
I'm leaning back toward my theory that China is banging on the market, shorting it over and over to put pressure on Trump to back off the trade war.
VIX at 24.3 and I'm watching like a hawk. I bought back in when we opened green, shorting QQQ.
I have a gambling problem
Racket wrote:
agip wrote:
I'm leaning back toward my theory that China is banging on the market, shorting it over and over to put pressure on Trump to back off the trade war.
VIX at 24.3 and I'm watching like a hawk. I bought back in when we opened green, shorting QQQ.
I have a gambling problem
heh. that's why I have a tiny trading account - to excise all those demons.
I don't know how old you are, but I so wish I could go back to my 20s and just throw every dime into a dumb index account and let it ride. Instead I tried to get cute and it cost me hundreds of thousands of dollars, a few decades later, of growth I would have had.
agip wrote:
Racket wrote:
VIX at 24.3 and I'm watching like a hawk. I bought back in when we opened green, shorting QQQ.
I have a gambling problem
heh. that's why I have a tiny trading account - to excise all those demons.
I don't know how old you are, but I so wish I could go back to my 20s and just throw every dime into a dumb index account and let it ride. Instead I tried to get cute and it cost me hundreds of thousands of dollars, a few decades later, of growth I would have had.
Under 30, but I'm at least playing with money I would be OK with if I lost. I'll be buying into all the index funds after I'm convinced the market is strong and stable. Too much bad news right now.
Tech is always a great long-term bet. I'm waiting for tech to get pummeled, and then I'll buy back in. I wouldn't be surprised to see NASDAQ go down below 4000, or lower.
Racket wrote:
agip wrote:
heh. that's why I have a tiny trading account - to excise all those demons.
I don't know how old you are, but I so wish I could go back to my 20s and just throw every dime into a dumb index account and let it ride. Instead I tried to get cute and it cost me hundreds of thousands of dollars, a few decades later, of growth I would have had.
Under 30, but I'm at least playing with money I would be OK with if I lost. I'll be buying into all the index funds after I'm convinced the market is strong and stable. Too much bad news right now.
yeah that's what I call getting cute.
remember that $50,000 saved today at age 25 and compounding at 10% is a million dollars at 55.
And then look at the 'since inception' numbers for the Vanguard SP500 fund.
hint: 10.99% annually since 1976. That's 42 years.
https://investor.vanguard.com/mutual-funds/profile/performance/vfinxagip wrote:
Racket wrote:
Under 30, but I'm at least playing with money I would be OK with if I lost. I'll be buying into all the index funds after I'm convinced the market is strong and stable. Too much bad news right now.
yeah that's what I call getting cute.
remember that $50,000 saved today at age 25 and compounding at 10% is a million dollars at 55.
And then look at the 'since inception' numbers for the Vanguard SP500 fund.
hint: 10.99% annually since 1976. That's 42 years.
https://investor.vanguard.com/mutual-funds/profile/performance/vfinx
I don' think I can be totally faulted for not wanting to buy in right now but yeah, even if I put in money in 2007, I'd probably be up an ungodly amount just 11 years later despite the Great Recession
Also PDT restrictions are such a farce lol
Also I doubt the Chinese have enough money to short our market makers. They can't even keep their own dumb market afloat. Besides, we have the best market makers, the very best, and everyone knows it. They're all talking about how good our market makers are.
If you take the US down it undermines the rest of the market. It is more than trade. The global economy has been juiced by easy and plentiful capital and that is ending. Sure additional reflation can provide further support but it is going to end in the near future. Good while it lasted but not sustainable.
Ghost of Igloi wrote:
If you take the US down it undermines the rest of the market. It is more than trade. The global economy has been juiced by easy and plentiful capital and that is ending. Sure additional reflation can provide further support but it is going to end in the near future. Good while it lasted but not sustainable.
China was juiced by the fact the economy is controlled and propped up by their government which mass incarcerates and builds ghost cities for GDP numbers. Different problems over there. SPY about to break 260, Feb lows are gonna be up next
well here's the usual 10:00 AM-noon selloff.
Have to imagine we'll be down 2% again today, but there is a natural sag to down markets in that time frame, and after all the weekend sell orders are processed maybe we can stabilize.
certainly a vix at 25 will bring in some algo buying.
agip wrote:
well here's the usual 10:00 AM-noon selloff.
Have to imagine we'll be down 2% again today, but there is a natural sag to down markets in that time frame, and after all the weekend sell orders are processed maybe we can stabilize.
certainly a vix at 25 will bring in some algo buying.
VIX at 25.2 let's see if your theory holds up again. Might not be enough money this time around but I'm selling all my positions at VIX 26.
25.72, time to put on the seat belts
Racket wrote:
Ghost of Igloi wrote:
If you take the US down it undermines the rest of the market. It is more than trade. The global economy has been juiced by easy and plentiful capital and that is ending. Sure additional reflation can provide further support but it is going to end in the near future. Good while it lasted but not sustainable.
China was juiced by the fact the economy is controlled and propped up by their government which mass incarcerates and builds ghost cities for GDP numbers. Different problems over there. SPY about to break 260, Feb lows are gonna be up next
Yes but the $Trillions spent on wars and support for the economy during the Financial Crisis built those cities. It is not a zero sum equations. At least the Chinese have something to show for it.
Ghost of Igloi wrote:
Racket wrote:
China was juiced by the fact the economy is controlled and propped up by their government which mass incarcerates and builds ghost cities for GDP numbers. Different problems over there. SPY about to break 260, Feb lows are gonna be up next
Yes but the $Trillions spent on wars and support for the economy during the Financial Crisis built those cities. It is not a zero sum equations. At least the Chinese have something to show for it.
What, how did our wars build Chinese cities? You mean from US debt they bought? I guess that's technically true but they're screwed right now.