Look at AAPL and GDX from a few weeks ago. They had big phantom flash crashes, recovered entirely and went HIGHER the next day... maybe to fool the masses. So maybe since this is a flash rally, we go red tomorrow but that day offers a great opportunity to buy ES.
There's a good chance it retests the recent low and maybe goes as low as 10 like in 2008. Seriously though, look at the 2017 calls. The chart is kind of similar to 2008 and if it goes up to 40 in two years, you'll make a significant return on them. I don't normally buy options but these are very reasonably priced for 25 months of time.
Most Fridays have been miserable for miners. The GDX looks like it printed a possible double bottom and hopefully it goes higher next year. It's due and I really do think miners will be the best sector next year.
Wow! Looks like the RUSS sank as low as 26.67 today. I probably could've gotten 40K instead of 20K. I did dump my RSX calls today too but will look to reload (JAN 2017 are incredibly cheap if you're interested).
Thanks. Some of it was luck too and extremely generous option pricing on the RUSS puts (I was buying them within 10% of the strikes, which were 20, 24 and 28... all JUN and probably due to the volatility, they were priced significantly higher even though I sold them with the RUSS at 34 yesterday).
I have learned a lot this year and hopefully I will not make the same mistakes.
I'm curious why an atheist would invoke anything that has to do with God.
I agree with all except Move and Sheepshaver. They both talk about the market and Move adds value by putting the warmietards and communist libs in their place.
Also, Pud should definitely be banned. He discriminates against veterans and the disabled. He's a horrible human being.
This was predictable. Maybe you should just ignore my short calls (my SVXY ones have been pretty good though) and just trade my long calls. I was within a percent of the last two dips. 212 is my target.
I said Tuesday that I needed the miners to step up do to my JDST and DUST puts and my short JDST and DUST calls and they have! I'm up about 5% now after being 20% just this past Friday!
What's more, my 401K is up about 13% now. My IRA is red for the year though but I am very happy to have gained so much experience and to be looking at a green close in my big trading account. Next year will be much better.
NOBODY cares about Jacksonville/Tennessee and I could've told you that before the season. These teams suck. Leave Thursday to the college kids.
Gold will bottom for good early in the year and then will take off as financial issues hit equities, currencies and bonds.
You are drunk. There will be no volume after Friday for the rest of 2014 and the first couple weeks of January are ALWAYS bullish. Even in 2008/2009.
It won't matter. There's been too much market damage elsewhere and that is going to make its way into the US market eventually. The entire world is basically in a recession. Just short SVXY when its in the mid/high 70s.