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Did we fill the gap

Posted by deep on 1st of Oct 2019 at 01:40 pm

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

Posted by deep on 1st of Oct 2019 at 01:12 pm

Can't get enough of that Sugar Gap ... Sugar Gaps!

Gotta  luv turn-around Toosday ;)

120 min view SPX

Posted by deep on 1st of Oct 2019 at 10:28 am

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 percentage.

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

Posted by deep on 26th of Sep 2019 at 11:03 am

This chop is making me sea sick...

finally...  cmon 2940

Posted by deep on 24th of Sep 2019 at 12:29 pm

finally...  cmon 2940

Bounced right off support at

SPX 60 and 120 min views

Posted by deep on 24th of Sep 2019 at 11:51 am

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

Posted by deep on 22nd of Sep 2019 at 10:09 pm

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

Posted by deep on 20th of Sep 2019 at 01:32 pm

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

Posted by deep on 19th of Sep 2019 at 01:31 pm

Did i miss a tweet ?

Looks like the Fed didn't

Posted by deep on 18th of Sep 2019 at 02:23 pm

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...

Posted by deep on 18th of Sep 2019 at 02:01 pm

initial spike down in effect... now wait for the reversal higher...covering shorts!

Expected view on cut -

Posted by deep on 18th of Sep 2019 at 01:12 pm

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 = super tank.

With the Saudi news ,

Posted by deep on 15th of Sep 2019 at 06:32 am

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 - https://seekingalpha.com/article/4291539-gold-futures-selling-overhang  ...  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

Posted by deep on 11th of Sep 2019 at 09:05 am

Guys - Any biotech or healthcare long plays on the watchlists ?

In the money UAA calls

Posted by deep on 6th of Sep 2019 at 01:43 pm

In the money UAA calls look good.

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