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03/18/2020 Live Update

Re: 03/18/2020 Live Update

Postby QED » Wed Mar 18, 2020 10:19 am

.
COVID-19: Here is a summary of what you can do to reduce your risk of infection.

https://t.co/m4OQKubrBX?amp=1


.
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 10:35 am

SPY one minute. Getting squeezed. Looking for a breakout. Quiet day so far. Taking a break. Back later ...


2020-03-18_0733.png
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Re: 03/18/2020 Live Update

Postby BullBear52x » Wed Mar 18, 2020 10:55 am

Too weak, sit out, wait for another buy if it will come. :ugeek:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 03/18/2020 Live Update

Postby Heck » Wed Mar 18, 2020 10:56 am

BEN Target + 87 %
From 18.35 to 34.24
+ 5.8 % Dividend
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 11:11 am

SPY 5 minute. Down to a level of support.


2020-03-18_0811.png
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Re: 03/18/2020 Live Update

Postby BullTart » Wed Mar 18, 2020 11:18 am

here we, at the moment of truth!!!
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 11:51 am

US Navy is moving a hospital ship to NY

Awaiting potus press conference
they are setting up now
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 11:56 am

SPY 5. Back up to a pivot.


2020-03-18_0855.png
Last edited by JFR on Wed Mar 18, 2020 12:00 pm, edited 1 time in total.
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Re: 03/18/2020 Live Update

Postby mattchessen » Wed Mar 18, 2020 11:56 am

Does anyone have good recommendations for how to put on new shorts to take advantage of further declines? I've had SPXU for a month or so, and I've been buying SPY puts but they're super expensive now. I've started buying puts on individual bank stocks. Any other ideas? What's going to collapse if we have a deep recession/depression?

Also, I'm worried about the market closing. Apparently if this happens you can still exercise your options - which will take a lot of $$$, or you can sell at the next opening price when the market re-opens. I'm still trying to confirm.

Leveraged ETFs may have similar problems. So there's a decent amount of risk in leveraged issues and puts.
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Re: 03/18/2020 Live Update

Postby Xian » Wed Mar 18, 2020 11:56 am

Al_Dente wrote:US Navy is moving a hospital ship to NY

Awaiting potus press conference
they are setting up now



Seems like market has been bouncing back during these pressers. Let's see....
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Re: 03/18/2020 Live Update

Postby Xian » Wed Mar 18, 2020 12:00 pm

Are we seriously bouncing on Sanders dropping out? Hard to believe. Any port in a storm, I guess.
I'm guessing it's anticipation of happy talk during presser
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:00 pm

re: March 12 (reported yesterday)
FOLKS THIS IS VANGUARD, NOT SOME RANDOM PODUNK FUND:
Extremely volatile conditions across the US fixed income market have led to a highly unusual pricing dislocation in Vanguard’s
$55bn total bond market ETF (TICKER: BND), one of the world’s largest ETFs. The ETF saw the gap between its closing price and the net asset value (NAV) of the fund surge to a 6.2 per cent discount on March 12, when the Treasury market froze up. Most ETFs usually trade throughout the day in a very narrow band around the NAV of the fund… Since its launch 13 years ago, BND’s closing premium has averaged 0.17 per cent. 
https://www.ft.com/content/3d452b5c-a76 ... 3af7d54419
Last edited by Al_Dente on Wed Mar 18, 2020 12:01 pm, edited 1 time in total.
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Re: 03/18/2020 Live Update

Postby Daniel » Wed Mar 18, 2020 12:01 pm

UUP fresh hod! (Up >1.5%) :!:
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:06 pm

Before the press conference:
What Treasury will ask Congress for:
$50 billion to airlines (secured lending facility)
TWO rounds of $1,000 payment to each American adult (administered by the IRS)
$300 billion to small businesses (business interruption program)
$150 billion to other sectors (loan guarantees)
etc
Pundits say Congress is tooooo slow, hence market down
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 12:09 pm

mattchessen wrote:Does anyone have good recommendations for how to put on new shorts to take advantage of further declines? I've had SPXU for a month or so, and I've been buying SPY puts but they're super expensive now. I've started buying puts on individual bank stocks. Any other ideas? What's going to collapse if we have a deep recession/depression?

Also, I'm worried about the market closing. Apparently if this happens you can still exercise your options - which will take a lot of $$$, or you can sell at the next opening price when the market re-opens. I'm still trying to confirm.

Leveraged ETFs may have similar problems. So there's a decent amount of risk in leveraged issues and puts.


The only options I play are to sell naked puts. That is a value play. Not relevant in a bear market.

I am mostly in cash markets, CDs, aside from day trades and scalps on various assets. I am holding some ETFs.

Longer term shorts ... one can play SH, depending on the charts. As of right now, SH is in between, up but on a pullback.

Here is a generic chart of SH. The trend up is good. Needs a breakout.

Just in my opinion, quick answer.


2020-03-18_0907.png
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Re: 03/18/2020 Live Update

Postby K447 » Wed Mar 18, 2020 12:12 pm

mattchessen wrote:... I'm worried about the market closing. Apparently if this happens you can still exercise your options - which will take a lot of $$$, or you can sell at the next opening price when the market re-opens. I'm still trying to confirm.

Leveraged ETFs may have similar problems. So there's a decent amount of risk in leveraged issues and puts.
Beware of options that may expire while market remains closed.
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Re: 03/18/2020 Live Update

Postby Cobra » Wed Mar 18, 2020 12:13 pm


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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:20 pm

FYI
when presser started:
dow down APPROXIMATELY -1288 points
atm down -1496 points
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 12:22 pm

SPY 5. Down to support.


2020-03-18_0922.png
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Re: 03/18/2020 Live Update

Postby Cobra » Wed Mar 18, 2020 12:38 pm

Breakout on the downside is more likely.
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