Today Market

That is what I am doing. IV is high.

I bot 1 AVLR :slight_smile: to keep it in view.

1 Like

@Jil

If current push upwards doesn’t go above $283 today or 2mrw, could go back down to low $270s/ high $260s.

Today, I do not think we touch $283 (QQQ), but tomorrow I do not know as everyday market swings UP and Down next 2 next. It is crazy and unpredictable.

So far trading between $281-$274.

Market closed. Market still didn’t show its hand.

I think we test the low from 9/21-24 if the Senate+Trump truly are cutting off talks. The entire rally from then on was dependent upon stimulus hope imo. I went mostly cash as of yesterday high…thinking Pelosi won’t deal now that Trump didn’t die. I would like to buy some puts on a bounce if there is any tomorrow. This is pretty wild though!

3 Likes

Good, you made it cleverly.

Yesterday I was telling “It is crazy and unpredictable”. At that time itself, I sensed likely sudden drop possible. Looks to me, market is really volatile until elections now.

If this market drops further 10%-15% range (I do not know at this time), then recovery will be too long. Next 3-7 days will tell us where it is going.

1 Like

Trump upset the apple cart. 15% drop possible

2 Likes

Trump was never likely to die. Superspreader event and nobody died.

1 Like

Isn’t Pelosi supposed to step down as speaker after the next election. That means figuratively she is walking dead

JC said don’t overthink just buy tech :grinning:

JC does not know, but creates stories after every market down like this ! Market is at its precarious situation, can fluctuate wild at this point. Just like what happened today last hour, it can simply go down any time. Safest is cash mode.

Even though my algorithm triggered yesterday and today morning to get out of GSPC and IXIC, I ignored it by manual review, now realized a big mistake. I could have simply made lot of money had I simply listened to my alerts, but failed to recognize them timely !

1 Like

I am looking to re-enter after I quit in May. Probably some opportunity coming in the next few weeks.

1 Like

Never in, how to get out? You mean short?

Futures flat
https://money.cnn.com/data/premarket/

Yes, i bought some puts, sold for 10% loss. Had I kept it, it would have been 40% profit. I did not believe my algo trigger.

You can not trust futures as market makers do not give any clue.

1 Like

I bot SQQQ and sold for a near break even.

Yeah, high risk high return. I felt bad when i overruled the alert !

Market takes his advice.

Midcap tech continues to moon… apparently no stimulus is good for tech

Yeahhhhhhhh, cool advice…buy buy buy buy…

Mr QQQ still refuse to show hand :face_with_symbols_over_mouth:

Not above $283 nor below $273.

So far, HoD is $282.47.