Thanks rip – wasn't planning to buy metals until gold reached 1050. Even if the market is falling though, won't call premiums make calls too expensive? And Red says to buy them at the money to avoid higher premiums, right? With the metals, i will be taking physical delivery – canadian gold coins and 10 oz silver bars. I will have to stay up tonight to stock pick – not one of my strengths!
Seeing as the strong dollar fraud is the basis of the correction, I'd hold off on the metals for a little bit…but not for long. I think they will be the next rage.
I think stocks that held up well during the decline will blow off early. AAPL and PG are a couple of favorites. I don't usually deal in blue chips but they are cheap these days. I also like GE and Ford, which I expect will have their stock warrant issue with the UAW resolved when the market crashes.
I'll be looking at health care stocks that will benefit from the government teat.
There will be a short dead period after the crash when I expect there will be golden moments (down days) to buy calls. If we do go down to 980, heck, I'd buy them while the market is falling like the big boys do.
Carl at day’s end:
1135-1155 estimate for today (20 points)
1115.25–1147.50 actual range today (32.25 points )
Market was 7-20 points below Carl’s range.
Trades: In /ES at 1138.25, out at 1131.00 (loss of 7.25 points)
Grade: D (lost some money)
Thanks rip – wasn't planning to buy metals until gold reached 1050. Even if the market is falling though, won't call premiums make calls too expensive? And Red says to buy them at the money to avoid higher premiums, right? With the metals, i will be taking physical delivery – canadian gold coins and 10 oz silver bars. I will have to stay up tonight to stock pick – not one of my strengths!
Seeing as the strong dollar fraud is the basis of the correction, I'd hold off on the metals for a little bit…but not for long. I think they will be the next rage.
I think stocks that held up well during the decline will blow off early. AAPL and PG are a couple of favorites. I don't usually deal in blue chips but they are cheap these days. I also like GE and Ford, which I expect will have their stock warrant issue with the UAW resolved when the market crashes.
I'll be looking at health care stocks that will benefit from the government teat.
There will be a short dead period after the crash when I expect there will be golden moments (down days) to buy calls. If we do go down to 980, heck, I'd buy them while the market is falling like the big boys do.
we're safe. Bring on the popcorn!
yes, just has to be above last hourly close.
So we want a positive up move here into the close, so tomorrow will fall?
Oh – in that case 111.91 stay far far away!!!!!!!!!!!!!
SPY currently has 6 consecutive lower closes than opens on the 60 min
A positive last unit will open things up for tomorrow
Drum roll please . . . . . come on 111.91!!!!!!!!!!!!!!!! What a perfect way to end a perfect day.
You are getting funnier and funnier!