Monday stock futures

jimmythegreek

jimmythegreek

The opening odds start here
Limit down again. No surprise here. Did you think your pre 4pm press conference driving up stocks was going to last Mr. President? Not even slashing interest rates to near zero is going to save you.

Timing of Monday S&P circuit breakers kicking in after the open.

Under 4 minutes -625
Over 4 minutes +350
 
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Sleepy

Sleepy

EOG Master
I lol at these talking heads telling you not to sell and that you should be buying because everything ts cheap,
 
C

cheapseats

EOG Master
The virus market will bottom some time in the next 3 to 5 months. Here's the issue, if GOP is reelect and gains house, market will soar for about 2.5 to 2.75 years. Then, lookout as the next presidential cycle, house and Senate cycles will likely cause significant downside. So, if you buy in 2020, you better get out by 2023 early 2024 or when you see the sands of time change.
 
V

Valuist

EOG Master
I can't stop watching the market crawl. It seems like the better the company, the bigger the ass kicking. It's like driving by and looking at a major car crash.
 
V

Valuist

EOG Master
It's been the fastest 30% fall/crash since 1929. Even 2008 it kind of worked its way down 20% until Lehman Brothers was blown up. In 2000-2002, it was generally down but with some isolated very big rallies in between. But more fear in 2008. This could go on longer than we initially thought, due to a lot of potential unintended consequences, but hard to think a year from now we will be over it. That wasn't the thought process in 2008.
 
V

Valuist

EOG Master
The news on falling new infections in Lombardy region of Italy very interesting. Market was down over 1900 when news hit. Now down 1500
 
S

Stevo

EOG Addicted
Valuist said:
I can't stop watching the market crawl. It seems like the better the company, the bigger the ass kicking. It's like driving by and looking at a major car crash.
Click to expand...

Yup. I don't want to watch all these people lose their money and am confident long term but I can't stop watching. -2200 now. Some of these companies I already feel have fell hard enough but I will wait it out and watch.
 
Viejo Dinosaur

Viejo Dinosaur

EOG Master
I have always thought that investing in the market was way worse than sports betting....never had the balls to get into it.....the closet I came was to invest 20,000 on Apple stock back when it selling at 82 bucks a share....I passed....I could have retired comfortably....
 
jimmythegreek

jimmythegreek

The opening odds start here
Of course Tuesday futures limit up for a couple of hours, now they have fallen 165 from the max. This economy can't catch a break.
 
V

Valuist

EOG Master
Viejo Dinosaur said:
I have always thought that investing in the market was way worse than sports betting....never had the balls to get into it.....the closet I came was to invest 20,000 on Apple stock back when it selling at 82 bucks a share....I passed....I could have retired comfortably....
Click to expand...

But it isn't a zero sum game.
 
bishqqq

bishqqq

EOG Addicted
Valuist.......how about a Fibonacci level on crude oil.......WTI $28.86 & BRENT $31.41.......thnx
 
V

Valuist

EOG Master
Viejo Dinosaur said:
I bow to the expert....thanks for the clarification.....
At the time 20000 was the path I should have chosen...was just burning a hole in my pocket....
Click to expand...

I'm not an expert but I know very few people who've made more money betting sports than being invested in the market.
 
V

Valuist

EOG Master
bishqqq said:
Valuist.......how about a Fibonacci level on crude oil.......WTI $28.86 & BRENT $31.41.......thnx
Click to expand...

Here's for WTI. From a high (last 365 days) of $66.60

3/8 retracement brought to about $41.80
5/8 retracement would bring to about $25.00

We obviously blew thru the 3/8th number. Have to think the $25 level on WTI would be solid support.
 
V

Valuist

EOG Master
Problems go deeper than the virus. We are hearing more and more problems with banks and leverage. They did just enough to pass the stress test and then started going back to getting levered up again. Oil markets obviously with big problems in a game of chicken between Putin and the Saudis.

I have heard some theorize a retest of the 2009 lows isn't off the table.
 
bishqqq

bishqqq

EOG Addicted
TVIX hit $1000 today.......currently $835..........it was $38.33 feb. 12th...........when i day traded, the last several years, i traded this insane inverse 3X ETF .....allot...........I stopped day trading in december because of the programmed algorithmic bots were kicking my ass,.........very humbling -- how the markets can be......i need a drink.
 
V

Valuist

EOG Master
It's interesting that Bill Ackman was on CNBC, talking on and on about the end of the world, hell is coming. But then he adds, he's "aggressively buying". Conflict of interest?

I know two guys who are definitive squares. Not sports betting, but market wise. They are saying worst crisis since Depression. Hearing that makes me feel the panic in markets may be overdone. Have to start to at least have some ideas for buys. I suspect the market isn't going to wait for this thing to be concluded to bottom out. It will know beforehand.

Some big buying action in Gilead late in the day. Gilead has been working on a drug for the virus.
 
FairWarning

FairWarning

Bells Beer Connoisseur
Valuist said:
It's interesting that Bill Ackman was on CNBC, talking on and on about the end of the world, hell is coming. But then he adds, he's "aggressively buying". Conflict of interest?

I know two guys who are definitive squares. Not sports betting, but market wise. They are saying worst crisis since Depression. Hearing that makes me feel the panic in markets may be overdone. Have to start to at least have some ideas for buys. I suspect the market isn't going to wait for this thing to be concluded to bottom out. It will know beforehand.

Some big buying action in Gilead late in the day. Gilead has been working on a drug for the virus.
Click to expand...
He's crying that Hilton needs a bailout, but he's buying more. Are these people that out of touch? I guess they are.
 
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