3309 Drysdale Ct
Edwardsville, IL 62025
Did we fill the gap on the S&P ...looks real close ...
Hasn't filled yet ... maybe by the magic 1:30 ?
Can't get enough of that Sugar Gap ... Sugar Gaps!
Gotta luv turn-around Toosday ;) I still think
after today they will push it up one more time for 1-2 weeks before
pulling the rug out. Q3 ended up so we have 3 up Quarters
this year. Matt - How many times does that result in a
catastrophic Q4 ? Seem to recall that's a high
Most of the time i've seen action like this it results in
SERIOUS down side in the very near future. The only anomaly
this time is that so many stocks are already beaten up pretty bad
(wouldn't know it from the indices). I guess they will get
the rest (AAPL,MSFT,BA,COST, W A T C H). We're still up for
Q3 (marginally) short of a huge drop on Monday. If we close
out Sept. green I'm betting on
This chop is making me sea sick...
finally... cmon 2940
Bounced right off support at 2980 ... if we break through then
gonna pile on the shorts.
Got it ! Makes sense.
Hey Matt, the systems are systems right ? Since following
you guys for a decade or more I don't recall situations like this
(which means nothing because I have the memory of a gnat).
Curious to reasoning as to why you are on the fence on the
Friday 2nd trade. Is it the look of the big weekly bearish
wedge on the S&P ? Other factors ?
Gotchya... c'mon 2980.... 1st stop :)
Now maybe we can fill that big gap on the S&P at 2940 ?
Or even better the bigger Ominous Wedge plays out :)
which would provide a nice Q3 drop then we can get back to
long in Q4. Bah...wishful thinking..shit never happens the
way you want. AAPL and ROKU shorts are chachinging right now
and SPLK is somehow holding up.
Did i miss a tweet ?
Looks like the Fed didn't offer the guarentee of more cuts so
bounce was short lived... leaning towards heading lower to close
the big gap on the S&P...
initial spike down in effect... now wait for the reversal
Expected view on cut - spike down based on .25 pt cut
followed by reversal higher since 'more cuts are possible'.
Anything else i.e. .50 pt cut = super bull. No cut =
With the Saudi news , oil and gold spike and could just be
perfect setup for the higher low on Gold followed by a .50 basis
cut. Don't get caught on the wrong side if you play this.
Almost certain i'll be building short positions on GLD and
short Silver (ZSL)
Good article -
... may buy 1 futures short contract next week. The
only thing that hesitates me is I think the fed will cut .25 or
nothing at all. If nothing we're going to get a nice 5% -7%
pull back in Equities - much needed. If .25 we likely still
get a pull back. Both of these scenarios are somewhat bullish
for Gold. If equities can correct ahead of the Fed on
Mon/Tues substantially (as unlikely as it seems) and then the fed
cuts .50 ... Gold will be demolished. Let's C.
Guys - Any biotech or healthcare long plays on the watchlists
In the money UAA calls look good.
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