bostonangler Posted February 27, 2020 Report Share Posted February 27, 2020 3,069.50 -40.75(-1.31%) Dow Futures 26,550.00 -364.00(-1.35%) Nasdaq Futures 8,711.75 -138.50(-1.56%) 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted February 27, 2020 Report Share Posted February 27, 2020 Sure looks that way BA. The Market is finally starting to price in the fact that this virus situation is probably going to get worse before it gets better. Last night Microsoft warned of lowered earnings guidance and Goldman Sachs warned today. Looks like we are heading to a new Recession. Companies are having trouble with their supply chain from China. It sure reminds me of 9-11-01. Time to buckle up, it’s going to get rocky. BTW a Fed cut won’t help one bit. 1 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted February 27, 2020 Author Report Share Posted February 27, 2020 1 minute ago, Pitcher said: Sure looks that way BA. The Market is finally starting to price in the fact that this virus situation is probably going to get worse before it gets better. Last night Microsoft warned of lowered earnings guidance and Goldman Sachs warned today. Looks like we are heading to a new Recession. Companies are having trouble with their supply chain from China. It sure reminds me of 9-11-01. Time to buckle up, it’s going to get rocky. BTW a Fed cut won’t help one bit. Yup, Goldman Sachs, just put their forecast for the year and it isn't pretty... I don't short, but I know you do... You must have made some great trades this week. B/A 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted February 27, 2020 Report Share Posted February 27, 2020 I have been picking my battles. I have been shorting and going long. I was Long MRNA for 3 days. I’m just trying to remain calm and trade what my charts tell me is a good opportunity. The problem with just going short is when we get the relief rallies you can really lose a lot of money. That’s why I Day Trade and just wait out these corrections. I will be looking to go Long in a few months. I just would like like to take this opportunity to give my opinion of a Dinar RV/RI/ going International and coming in at a low rate and then a float. You can go back a few years on my posts where I stated I thought there would be a big sell off in the market before the rate change. I actually thought we were close in 2011, 2015, and again in 2018. Will this be the big sell off before a rate change. I don’t know but it wouldn’t surprise me. We will have to get through this virus first that may take 3-8 months or maybe even longer. One more thing to consider. If Sanders wins the Dem Nomination you will probably see another leg down in the market. 2 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted February 27, 2020 Author Report Share Posted February 27, 2020 1 minute ago, Pitcher said: I have been picking my battles. I have been shorting and going long. I was Long MRNA for 3 days. I’m just trying to remain calm and trade what my charts tell me is a good opportunity. The problem with just going short is when we get the relief rallies you can really lose a lot of money. That’s why I Day Trade and just wait out these corrections. I will be looking to go Long in a few months. I just would like like to take this opportunity to give my opinion of a Dinar RV/RI/ going International and coming in at a low rate and then a float. You can go back a few years on my posts where I stated I thought there would be a big sell off in the market before the rate change. I actually thought we were close in 2011, 2015, and again in 2018. Will this be the big sell off before a rate change. I don’t know but it wouldn’t surprise me. We will have to get through this virus first that may take 3-8 months or maybe even longer. One more thing to consider. If Sanders wins the Dem Nomination you will probably see another leg down in the market. Good luck on your trades.... I hope you are right about the RV... B/A 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted February 27, 2020 Report Share Posted February 27, 2020 Thanks, it’s never easy but I’m ready to rock. 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted February 27, 2020 Report Share Posted February 27, 2020 Don’t tell me the big boys know a good deal when they see one. There’s always a Bull Market somewhere, you just need to have the cajones to play em. I did not play this. Got on it too late for this sprint up. The spreads were high as well. I’m seeing a lot of whipsaw action so far today. Not ideal for my style of trading. Sitting on my hands for the time being. This play in Ring Central Inc was good for 17 bucks in less than 20 mins. This is a 10 min chart 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted February 27, 2020 Report Share Posted February 27, 2020 This is now officially the worst week in the markets since the Financial Crisis of 08. The SP 500 is now below the 200 dma. 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted February 27, 2020 Report Share Posted February 27, 2020 Not good. Quote Link to comment Share on other sites More sharing options...
bostonangler Posted February 28, 2020 Author Report Share Posted February 28, 2020 S&P Futures 2,932.00 -25.00(-0.85%) Dow Futures 25,330.00 -222.00(-0.87%) Nasdaq Futures 8,320.25 -62.50(-0.75% Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 3, 2020 Author Report Share Posted March 3, 2020 Pre-Market is all over the place... Was yesterday just a Dead Cat Bounce? B/A Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 3, 2020 Author Report Share Posted March 3, 2020 S&P 500 3,003.37 -86.86(-2.81%) Dow 30 25,917.41 -785.91(-2.94%) Nasdaq 8,684.09 -268.08(-2.99%) Russell 2000 1,486.08 -32.41(-2.13%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 5, 2020 Author Report Share Posted March 5, 2020 S&P 500 3,019.99 -110.13(-3.52%) Dow 30 26,095.56 -995.30(-3.67%) Nasdaq 8,738.50 -279.58(-3.10%) Russell 2000 1,477.71 -53.49(-3.49%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 6, 2020 Author Report Share Posted March 6, 2020 Pre-Market Blues for Friday S&P Futures 2,945.25 -70.25(-2.33%) Dow Futures 25,500.00 -560.00(-2.15%) Nasdaq Futures 8,417.75 -231.00(-2.67%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 9, 2020 Author Report Share Posted March 9, 2020 S&P Futures 2,819.00 -145.00(-4.89%) Dow Futures 24,534.00 -1,255.00(-4.87%) Nasdaq Futures 8,093.25 -410.00(-4.82%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 10, 2020 Author Report Share Posted March 10, 2020 Looking good.... S&P Futures 2,867.50 +119.75(+4.36%) Dow Futures 24,885.00 +1,008.00(+4.22%) Nasdaq Futures 8,311.00 +359.50(+4.52%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 10, 2020 Author Report Share Posted March 10, 2020 S&P 500 2,809.27 +62.71(+2.28%) Dow 30 24,442.53 +591.51(+2.48%) Nasdaq 8,145.07 +194.40(+2.45%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 11, 2020 Author Report Share Posted March 11, 2020 S&P 500 2,789.15 -93.08(-3.23%) Dow 30 24,097.32 -920.84(-3.68%) Nasdaq 8,111.34 -232.92(-2.79%) Quote Link to comment Share on other sites More sharing options...
bostonangler Posted March 12, 2020 Author Report Share Posted March 12, 2020 S&P Futures 2,613.25 -127.00(-4.63%) Dow Futures 22,361.00 -1,214.00(-5.15%) Nasdaq Futures 7,616.25 -387.25(-4.84%) Quote Link to comment Share on other sites More sharing options...
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