Today Market

[hanera]

@Jil

how the entire world of analysts looking at the stocks ! Or your view of FA is not in line with world wide analysts view of FA.

Many analysts are talking about financial analysis, don’t think they say is fundamental analysis. Many of them target swing traders

@Jil

If I speculate, market may come down after a quarter to lowest level depending on how the impact is.

In general bottom doesn’t mean short-term bottom. Most literature means multi-year. We have bottoms in all timeframes but we don’t call them bottoms.

While talking, BYND and TSLA are green too. No swing trading for me, watching videos till the multi-year bottom is here.

Many stocks shot up by over 10%, I expect when the multi-year bottom is in, the jump would be over 20% in a day easily.

[druid]

Futures down again

[BA_lurker]

Futures halted again on downslope. Wow. HFT, options gambling enabled by all the online traders (starting with RH), and easier access to margin has made the market unbelievably volatile.

[pandeyathotmail]

After a long time, both VIX and SP500 are falling by about same amount.

[Jil]

@pandeyathotmail

After a long time, both VIX and SP500 are falling by about same amount.

VIX and SP500 falling is a good sign as spy put premium is coming down, but bad VIX can suddenly spike again (very unreliable volatility).

[druid]

Trump is back on the squawk box live.

[dioworld]

i thought suppose to halt trading(7%) no???

[hanera]

Halted yesterday AH then good news e.g. China recommends a few cures.

[Elt1]

Got to play Trump like Musk. Every time he talks the market drops. Buy after, sell before.

[Jil]

@dioworld

i thought suppose to halt trading(7%) no???

Halted and resumed.

Any securities dropped more than 10% can not be shorted ! See GM, they can not short GM as it dropped 22% !

20% of S&P500 stocks are dropped more than 15% today !

[marcus335]

SPY is down 26% YTD.

[marcus335]

There’s not much talk about oil prices but this is catastrophic for the industry.

Oil falls 23% in 3rd worst day on record, sinks to more than 18-year low

Delta announced a 70% cut to capacity. It’s going to take a long time for oil to recover unless OPEC+ makes major production cuts

[druid]

If 90%of businesses are not running or running light, why should the stock market stay open?

[hanera]

@marcus335

SPY is down 26% YTD.

Better than average but @Jil has doubled

[hanera]

@druid

If 90%of businesses are not running or running light, why should the stock market stay open?

I was wondering too. But how to settle the option trades? Let them lose since they cause the high volatility? The whipsaws are by option trades. Margin calls would be down only and then stop, hang in the low level for a long time. But now is up and down BIG.

[dioworld]

If stock market shut. imagine all the panic. ppl gonna take their guns out and start resident evil scenario

[marcus335]

They did briefly mention the idea of reducing the hours. I think eliminating after hours and pre-market would make sense given the insane volatility during them.

I’m debating going to cash and just riding it out now.

[druid]

Same here. I think I am close to throwing in the towel and only keeping FB, Appl, GLW - since those are the only ones green.

[marcus335]

All cash. I even closed out the short puts at a loss instead of buying shares on Friday. They were more than offset by buying puts on other stuff, so YTD is +2.5%. I still think we go down further. I’ll probably buy some puts the next big up day. It made sense to cash in while VIX was this high, and puts are selling at a fat premium.

That was by FAR the most short I’ve ever been in terms of net position. It’s weird when the market crashing and people panicking are good for your own returns.

[harriet]

I’m still holding onto my GILD calls. They are soaring in the sea of red. Sold my puts too early though but oh well.