Derivative of corona deaths is turning so market is up nicely today. Took some money out today. Too scared to buy puts in anything atm. Maybe SPY puts if we get another green day tomorrow.

This post was edited by ofthevoid on Apr 6 2020 07:59am

Today would be the day imo

We are right at 200 day moving average 263 and triple top formation

If crosses tomorrow I turn bullish from bearish. As rigged as it is

I'm not sure how to time everything. So far, countries that have eased restrictions had flare-ups and the CA governor has been pretty adamant about not opening things up.

This post was edited by thundercock on Apr 6 2020 12:19pm

Yeah i bought a spy put late may expiration. Pretty much all of my positions exploded higher today so took profits. It's crazy i went from being down 7k a week ago to being up 1k.

Probably a fair amount of luck but if i can duplicate this over and over then i would never have to work again lol. Also you should of bought FCX i made like 30% on my calls today.



One thing i'm fairly certain is SPY won't go past 3000 this year. I really think its going be stuck in the 240-270 range for a few months. This is the perfect time to be a stock picker imo. So much mispricing.

This post was edited by ofthevoid on Apr 6 2020 12:23pm

I have just been playing inside the 2450 -2650 trading range and doing well. At 2450 I close my shorts and wait til bounce up. If I had real balls I would call it then but I don’t have faith in this market right now and think breakdown from 2450 is on the cards still.

I just cannot believe the disconnect between Wall Street and Main Street is this profound. Such that a bear market could end with 10 million unemployed, and no clear plan to end social distancing

Also certainly winners and losers. All the stocks that get this fake rally that are fundamental flawed I am snorting more. Uber for example, 12% rally today , gtfo. They are my main short position currently. Also opened a Tesla short this am

This post was edited by Bazi on Apr 6 2020 12:28pm

Yeah, only 13% down now overall.

Another dip must be incoming with the release of Q1 GDP, PMI and unemployment data though.

Keeping my money in and increasing my position 30% if it does.

"irrational exuberance"

Bull trap IMO.


You cant ignore the staggering amount of lost productivity and the general recessionary environment. Holding what i have but no chance of buying here and now.

Reports say that 40% of small businesses are at a serious risk of permanent closure.

Stock market is going up.

We've been in crazy world since probably 2000 or 2008. Stock market indexes have become totally irrelevant to judging the actual state of the economy. What's the name of the effect where once you start prioritizing a metric it stops being a good indicator?

lel

Stock market aint going up. How come people already forgot that the fed is pumping an insane amount of money into the system on a daily basis. Let them stop manipulating the markets so we can see if it's going up or down.