If it makes you feel any better, the CPT has been a a tear lately but that has not always been the case. I have reviewed his YouTube postings and he has had his share of large drawdowns. Not criticizing as no one is perfect and he has been of late.
I shifted my retirement account to 66% long on June 8th, 33% “safe”. I'm using DRV in my trading account as a hedge. So far, so good.
A “flash crash” is absolutely possible, but I think it is more likely well have a June 7th type day — big gap down, selling follow-through. Just don't know when 🙂
You know Dread… I gotta hand it too “The Chart Pattern Trader”. He's been long this entire move up. Even though all the news is extremely negative, he just follows what he see's in the charts.
That's a great trader for you, as I certainly can't tune out the negative news, and just go long. My emotions get in the way, and stop me from taking any long position… for fear that another flash crash is going to happen just at that time.
I have been watching that, closely. $TNX and TLT tell us that another panic is coming, probably soon. I would suspect that we're going to set a new low, but have no idea on the timeframe.
This is an update of a chart I posted yesterday. Treasuries (TLT) are breaking out to the upside out of the triangle. GLD was also up today. This is absolutely a flight to safety.
Great question? I don't know if they were bought or sold. But since they were calls, it could have simply been some large player closing out calls that he bought earlier. Probably Goldman closing them out… they know every thing ahead of time.
Any thoughts on the massive volume in SPY June 110 calls. Almost 1.3 million calls traded. Were they bought or sold? Never seen such a huge volume! Hmmm………
If it makes you feel any better, the CPT has been a a tear lately but that has not always been the case. I have reviewed his YouTube postings and he has had his share of large drawdowns. Not criticizing as no one is perfect and he has been of late.
Its cyclical.
I shifted my retirement account to 66% long on June 8th, 33% “safe”. I'm using DRV in my trading account as a hedge. So far, so good.
A “flash crash” is absolutely possible, but I think it is more likely well have a June 7th type day — big gap down, selling follow-through. Just don't know when 🙂
You know Dread… I gotta hand it too “The Chart Pattern Trader”. He's been long this entire move up. Even though all the news is extremely negative, he just follows what he see's in the charts.
That's a great trader for you, as I certainly can't tune out the negative news, and just go long. My emotions get in the way, and stop me from taking any long position… for fear that another flash crash is going to happen just at that time.
I have been watching that, closely. $TNX and TLT tell us that another panic is coming, probably soon. I would suspect that we're going to set a new low, but have no idea on the timeframe.
Well Rati… sometimes you just gotta air it out!
looking at this
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&…
Red! Love this line: Come on and give it too me you f@%king Bit@h from Hell…
You tell 'em!
http://www.screencast.com/users/dreadwin/folder…
This is an update of a chart I posted yesterday. Treasuries (TLT) are breaking out to the upside out of the triangle. GLD was also up today. This is absolutely a flight to safety.
I expect $vix will follow.
Great question? I don't know if they were bought or sold. But since they were calls, it could have simply been some large player closing out calls that he bought earlier. Probably Goldman closing them out… they know every thing ahead of time.
Hi Red,
Any thoughts on the massive volume in SPY June 110 calls. Almost 1.3 million calls traded. Were they bought or sold? Never seen such a huge volume! Hmmm………