Bet we open higher then $31, simply because the stock is pegged at $36 to $38 with no news. If good news going forward, we're over $50 and climbing.
simply because the reason for the phony convoy of trucks was the opening salvo of a massive invasion into Ukraine. It will all happen over the weekend and Spy will be slammed to the Floor so hard it will dive under $190 and keep falling.
and I would not put it past Putin to fake a convoy attack so he has a reason to send 45,000 troops into Ukraine. War within Ukraine is going to break out on a mass scale as Russia send world markets down the drain. Spy will test $170 range and possibly go lower since Putin wants more then just Ukraine in his back pocket.
Next Month. Shorts are hamburger again today, next week and rest of year since this stock has one direction - UP
If we close down 150 plus at 4 pm - then it is the Big One. And I say that because the over all trend of the market has been flat to down that last week or so. World Stock markets are getting worried and who wants to be long when the Bubble pops. Of course if we close down 100 or less then its anyone guess if the market continues down tomorrow. Jobs numbers will be irrelevant due to some any Geo-political problems around the world and turmoil over other factors like Argentina default, embola spreading, Obama and Putin stand off, etc.
and its Spock logic. If Job Report comes in strong - Market will sell off because FED will raise interest rates sooner then expected.
If job report misses market sells off because of job weakness, oversea crisis and stock holders selling before weekend. No one will want to be long market next week so mass selling on Friday.
Hard to know where to place your stop since you certainly want to protect a profit but also want to be the game when the market starts to correct big time. I know many here say to day trade Uvxy but you make your real killing (profit) if you hold and the market runs down for a period of time. Of course market can run up like last five years but this time I'd really like to go long UVXY.
I usually take the middle ground and say we correct 15% from here over the next month or so. Market know three things for sure:
The Fed will raise rates in six months (this scares market)
One of the many flash fires around the world will implode (Ukraine, Middle East, China/Japan, N.S Korea)
November elections coming and it will roil markets in mass volatility. Who control Senate, House, etc.
I could throw in some other major factors, but rest assured the Bubble is now popping and we won't have to wait until September or October for the big crash.
and think of all the SPY longs that will get hurt. Millions
so I suggest you sell your SPY long position before you start long arms and legs. FED about to send Market DOWN BIG TIME
Read the AH posts dude. A good majority are posted by SHORTS in disarray. Investors who have lost some much money of the last two trading days trying to short a stock that is head to $40 plus come Friday. When you see a slew of negative LOCO posts you know Shorts are hurting.
That is if you ticker is still ticking?
Extremely hard to find any SPY shares to short last week. Market seems to have a sixth sense that a correction is near. Starting to think Geo-political problems oversea and multiple wars going on in Ukraine, Syria, Iraq, Libya and Israel starting to take a toll on world stock market and investors. If SPY breaks $195 this week, that your signal to sell and sit on the sidelines. Fed ending Q.E., Europe economy slowing and Putin set to invade Ukraine since no one stands in his way. All looks like the perfect storm for SPY to fall.
while the big boys sell or hedge their bets for a major market correction. Market worried its "correction time" sometime this month or next.