Hello There, Guest! (LoginRegister)

Post Reply 
DOW
Author Message
Kittonhead Offline
Heisman
*

Posts: 9,023
Joined: Jun 2013
Reputation: 95
I Root For: Beat Matisse
Location:
Post: #61
RE: DOW
(02-05-2018 05:07 PM)aTxTIGER Wrote:  Wanna know why the DOW flash crashed down 1600 in 5 minutes? Some algo trader traded Boeing down 20 dollars in 3 minutes. What a buffoon. Started at 2:04 pm Central time.

How can an algo be a buffoon when its an algorithm?

But it is a reflection of the trading world we live in these days.
02-05-2018 05:26 PM
Find all posts by this user Quote this message in a reply
Kittonhead Offline
Heisman
*

Posts: 9,023
Joined: Jun 2013
Reputation: 95
I Root For: Beat Matisse
Location:
Post: #62
RE: DOW
(02-05-2018 05:22 PM)aTxTIGER Wrote:  
(02-05-2018 05:21 PM)Kittonhead Wrote:  This is day trader heaven. Day traders watch the charts and make plays based on the chart. This afternoon was a gift for anyone playing the VIX as one guy in here did.

The Ultra VIX was trading at 16.32 at 2:11pm and in the after hours market its trading at 29.67 as of 5:05. The 16.50 Feb09' call was up 772.09% at close.

Futures are what you need to watch before the bell is open. Futures on the dow have it down 300 points tomorrow already and the market closed just an hour ago.

Gold is up about 8% this year. If gold starts to go hyperbolic we are in for a correction as big money is rotating out of stocks.

Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.
02-05-2018 05:28 PM
Find all posts by this user Quote this message in a reply
aTxTIGER Offline
Carrot Dude Gave Me 10% Warning
*

Posts: 33,256
Joined: Feb 2005
Reputation: 769
I Root For: Fire 'Arry!!!!!
Location: Memphis, TN

Donators
Post: #63
RE: DOW
(02-05-2018 05:26 PM)Kittonhead Wrote:  
(02-05-2018 05:07 PM)aTxTIGER Wrote:  Wanna know why the DOW flash crashed down 1600 in 5 minutes? Some algo trader traded Boeing down 20 dollars in 3 minutes. What a buffoon. Started at 2:04 pm Central time.

How can an algo be a buffoon when its an algorithm?

But it is a reflection of the trading world we live in these days.

Algorithms are based on standards and markers that humans program into it. Someone didnt set their bid/ask floors well enough.
02-05-2018 05:28 PM
Find all posts by this user Quote this message in a reply
miko33 Offline
Defender of Honesty and Integrity
*

Posts: 10,314
Joined: Mar 2010
Reputation: 413
I Root For: Alma Mater
Location:
Post: #64
RE: DOW
(02-05-2018 05:00 PM)bullet Wrote:  
(02-05-2018 03:35 PM)Redwingtom Wrote:  I guess the bottom line in all this is that the Dow still does not equal the economy.

Its psychology, not economics.

The era of "free money" in the way of almost criminally low interest rates is winding down. Because the economy is starting to improve on it's own without the need of the easy money policies, inflation has been ticking up and the interest rates are being brought back to where they are supposed to be in a normal economy.

What we are seeing is a correction to the U.S. and all the world markets. It's actually a good thing. Remember, the markets don't drive the economy but the economy that drives the markets.
02-05-2018 05:29 PM
Find all posts by this user Quote this message in a reply
aTxTIGER Offline
Carrot Dude Gave Me 10% Warning
*

Posts: 33,256
Joined: Feb 2005
Reputation: 769
I Root For: Fire 'Arry!!!!!
Location: Memphis, TN

Donators
Post: #65
RE: DOW
(02-05-2018 05:28 PM)Kittonhead Wrote:  
(02-05-2018 05:22 PM)aTxTIGER Wrote:  
(02-05-2018 05:21 PM)Kittonhead Wrote:  This is day trader heaven. Day traders watch the charts and make plays based on the chart. This afternoon was a gift for anyone playing the VIX as one guy in here did.

The Ultra VIX was trading at 16.32 at 2:11pm and in the after hours market its trading at 29.67 as of 5:05. The 16.50 Feb09' call was up 772.09% at close.

Futures are what you need to watch before the bell is open. Futures on the dow have it down 300 points tomorrow already and the market closed just an hour ago.

Gold is up about 8% this year. If gold starts to go hyperbolic we are in for a correction as big money is rotating out of stocks.

Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.

I dont mess with cryptos so Im not the person to ask. I assume Bitcoin and Ripple are still crashing?
02-05-2018 05:29 PM
Find all posts by this user Quote this message in a reply
Kittonhead Offline
Heisman
*

Posts: 9,023
Joined: Jun 2013
Reputation: 95
I Root For: Beat Matisse
Location:
Post: #66
RE: DOW
(02-05-2018 04:50 PM)aTxTIGER Wrote:  
(02-05-2018 04:46 PM)UofMstateU Wrote:  I may need to get out there tonite and see what is oversold, or could potentially be oversold in the next couple of days.

Yup. I would expect that we will flirt with that 2535 level. If it holds at the 200 day moving average, you are gonna see a bunch of bids come in and have a nice rally.

The P/E of the SPX has fallen from 18.5 to almost 17 since Thursday. There are deals out there.....

I'm interested to see what happens with GM tomorrow. The have earnings tomorrow which are rumored to be pretty good. They have been down almost 8% in last week.

200 day MA for the dow is 22,721. We've got another 1600 points to go to test that one.

I feel 99% confident about a squeeze at open tomorrow. Only thing is you are going to see wide bid/ask spreads on all short positions at the bell. Wait until 9:43 once the equity markets stabilize for the morning and its $$$ on any popular liquid retail stocks.
02-05-2018 05:35 PM
Find all posts by this user Quote this message in a reply
Fo Shizzle Offline
Domestic Terrorist and Iconoclast
*

Posts: 34,830
Joined: Dec 2006
Reputation: 714
I Root For: ECU PIRATES
Location: North Carolina

Balance of Power Contest
Post: #67
RE: DOW
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Still a small percentage. Market was overpriced and due for a correction. No biggie to most of us that are in it for the long haul. Those that are gambling in day trading?...well. 05-sosad
02-05-2018 05:36 PM
Find all posts by this user Quote this message in a reply
Attackcoog Offline
Moderator
*

Posts: 24,640
Joined: Oct 2011
Reputation: 980
I Root For: Houston
Location:
Post: #68
RE: DOW
(02-05-2018 04:27 PM)cb4029 Wrote:  The Trump market had the biggest one day point loss ever...ever.

It also ran up higher than any market ...EVER.
02-05-2018 05:38 PM
Find all posts by this user Quote this message in a reply
miko33 Offline
Defender of Honesty and Integrity
*

Posts: 10,314
Joined: Mar 2010
Reputation: 413
I Root For: Alma Mater
Location:
Post: #69
RE: DOW
(02-05-2018 05:36 PM)Fo Shizzle Wrote:  
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Still a small percentage. Market was overpriced and due for a correction. No biggie to most of us that are in it for the long haul. Those that are gambling in day trading?...well. 05-sosad

I have a good 20+ years to build my 401k... Seeing the DOW drop like it has is pretty awesome. Everyone who knew anything about investing already knew that both stocks and bonds are overpriced due to the higher P/E rations and ultra low interest rates respectively. In a normal, healthy economy a 30 year mortgage should range between 6% - 8% depending on your credit rating.

These current rates are still too low for a healthy economy: https://www.wellsfargo.com/mortgage/rates/
02-05-2018 05:42 PM
Find all posts by this user Quote this message in a reply
Kittonhead Offline
Heisman
*

Posts: 9,023
Joined: Jun 2013
Reputation: 95
I Root For: Beat Matisse
Location:
Post: #70
RE: DOW
(02-05-2018 05:29 PM)aTxTIGER Wrote:  
(02-05-2018 05:28 PM)Kittonhead Wrote:  
(02-05-2018 05:22 PM)aTxTIGER Wrote:  
(02-05-2018 05:21 PM)Kittonhead Wrote:  This is day trader heaven. Day traders watch the charts and make plays based on the chart. This afternoon was a gift for anyone playing the VIX as one guy in here did.

The Ultra VIX was trading at 16.32 at 2:11pm and in the after hours market its trading at 29.67 as of 5:05. The 16.50 Feb09' call was up 772.09% at close.

Futures are what you need to watch before the bell is open. Futures on the dow have it down 300 points tomorrow already and the market closed just an hour ago.

Gold is up about 8% this year. If gold starts to go hyperbolic we are in for a correction as big money is rotating out of stocks.

Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.

I dont mess with cryptos so Im not the person to ask. I assume Bitcoin and Ripple are still crashing?

The game in the crypto arena is to invest not in the individual crypto technologies but the mining companies. They'll have the technology to compete as the technology evolves.

Actually an international banking crisis could accelerate cryptos development if a lack of confidence exists in the banking system. We are a long way off from that point at the moment.
(This post was last modified: 02-05-2018 05:44 PM by Kittonhead.)
02-05-2018 05:42 PM
Find all posts by this user Quote this message in a reply
aTxTIGER Offline
Carrot Dude Gave Me 10% Warning
*

Posts: 33,256
Joined: Feb 2005
Reputation: 769
I Root For: Fire 'Arry!!!!!
Location: Memphis, TN

Donators
Post: #71
RE: DOW
(02-05-2018 05:35 PM)Kittonhead Wrote:  
(02-05-2018 04:50 PM)aTxTIGER Wrote:  
(02-05-2018 04:46 PM)UofMstateU Wrote:  I may need to get out there tonite and see what is oversold, or could potentially be oversold in the next couple of days.

Yup. I would expect that we will flirt with that 2535 level. If it holds at the 200 day moving average, you are gonna see a bunch of bids come in and have a nice rally.

The P/E of the SPX has fallen from 18.5 to almost 17 since Thursday. There are deals out there.....

I'm interested to see what happens with GM tomorrow. The have earnings tomorrow which are rumored to be pretty good. They have been down almost 8% in last week.

200 day MA for the dow is 22,721. We've got another 1600 points to go to test that one.

I feel 99% confident about a squeeze at open tomorrow. Only thing is you are going to see wide bid/ask spreads on all short positions at the bell. Wait until 9:43 once the equity markets stabilize for the morning and its $$$ on any popular liquid retail stocks.

I was using the S&P 500 200 day MA.

I honestly think we go down to that and test it. It either holds and bids start coming in or we fly right through it.

I agree about the wide spreads. You saw it all day today too. My options values were jumping all over the place today.

A big however though. This XIV thing is scary. Its down 75% in after hours. That was a massively bought trade. That's a lot of margin that needs to be raised by selling if that happens. If it does cause a sell-off on top of what's already going on, we could hit the NYSE circuit breaker.
(This post was last modified: 02-05-2018 05:44 PM by aTxTIGER.)
02-05-2018 05:43 PM
Find all posts by this user Quote this message in a reply
Attackcoog Offline
Moderator
*

Posts: 24,640
Joined: Oct 2011
Reputation: 980
I Root For: Houston
Location:
Post: #72
RE: DOW
(02-05-2018 04:32 PM)Machiavelli Wrote:  Inflation is on our horizon which is not good for stocks. I’ve been saying this for a couple of weeks. At the end of this rainbow is inflation. We deficit spender to increase inflation. But the hi name was Seth Tich crowd doesn’t understand how dangerous that is.

Nope. Cant have inflation while the world is in a deflationary cycle. What you have here is just another Fed bubble. The Fed has been inflating asset prices in the hope that the liquidity will finally lead to higher economic growth rate and increased economic investment.
(This post was last modified: 02-05-2018 05:44 PM by Attackcoog.)
02-05-2018 05:44 PM
Find all posts by this user Quote this message in a reply
aTxTIGER Offline
Carrot Dude Gave Me 10% Warning
*

Posts: 33,256
Joined: Feb 2005
Reputation: 769
I Root For: Fire 'Arry!!!!!
Location: Memphis, TN

Donators
Post: #73
RE: DOW
(02-05-2018 05:42 PM)Kittonhead Wrote:  
(02-05-2018 05:29 PM)aTxTIGER Wrote:  
(02-05-2018 05:28 PM)Kittonhead Wrote:  
(02-05-2018 05:22 PM)aTxTIGER Wrote:  
(02-05-2018 05:21 PM)Kittonhead Wrote:  This is day trader heaven. Day traders watch the charts and make plays based on the chart. This afternoon was a gift for anyone playing the VIX as one guy in here did.

The Ultra VIX was trading at 16.32 at 2:11pm and in the after hours market its trading at 29.67 as of 5:05. The 16.50 Feb09' call was up 772.09% at close.

Futures are what you need to watch before the bell is open. Futures on the dow have it down 300 points tomorrow already and the market closed just an hour ago.

Gold is up about 8% this year. If gold starts to go hyperbolic we are in for a correction as big money is rotating out of stocks.

Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.

I dont mess with cryptos so Im not the person to ask. I assume Bitcoin and Ripple are still crashing?

The game in the crypto arena is to invest not in the individual crypto technologies but the mining companies. They'll have the technology to compete as the technology evolves.

Actually an international banking crisis could accelerate cryptos development if a lack of confidence exists in it. We are a long way off from that point at the moment.

Yea, I know some people that are big investors in blockchain tech. I just havent researched enough to be confident in any trades or investments.
02-05-2018 05:44 PM
Find all posts by this user Quote this message in a reply
Kronke Online
Hall of Famer
*

Posts: 24,052
Joined: Apr 2010
Reputation: 956
I Root For: Houston / AAC
Location: Texas
Post: #74
DOW
(02-05-2018 05:29 PM)aTxTIGER Wrote:  
(02-05-2018 05:28 PM)Kittonhead Wrote:  
(02-05-2018 05:22 PM)aTxTIGER Wrote:  
(02-05-2018 05:21 PM)Kittonhead Wrote:  This is day trader heaven. Day traders watch the charts and make plays based on the chart. This afternoon was a gift for anyone playing the VIX as one guy in here did.

The Ultra VIX was trading at 16.32 at 2:11pm and in the after hours market its trading at 29.67 as of 5:05. The 16.50 Feb09' call was up 772.09% at close.

Futures are what you need to watch before the bell is open. Futures on the dow have it down 300 points tomorrow already and the market closed just an hour ago.

Gold is up about 8% this year. If gold starts to go hyperbolic we are in for a correction as big money is rotating out of stocks.

Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.

I dont mess with cryptos so Im not the person to ask. I assume Bitcoin and Ripple are still crashing?

BTC is at 7k, down 65% off all time highs, nothing we haven’t seen a half dozen times before. Still up over 600% in the past year. Only those that waited for the hyperbolic rise to get in are hurting.

Not financial advice, but ripple is centralized trash.
(This post was last modified: 02-05-2018 05:48 PM by Kronke.)
02-05-2018 05:47 PM
Find all posts by this user Quote this message in a reply
Fo Shizzle Offline
Domestic Terrorist and Iconoclast
*

Posts: 34,830
Joined: Dec 2006
Reputation: 714
I Root For: ECU PIRATES
Location: North Carolina

Balance of Power Contest
Post: #75
RE: DOW
(02-05-2018 05:42 PM)miko33 Wrote:  
(02-05-2018 05:36 PM)Fo Shizzle Wrote:  
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Still a small percentage. Market was overpriced and due for a correction. No biggie to most of us that are in it for the long haul. Those that are gambling in day trading?...well. 05-sosad

I have a good 20+ years to build my 401k... Seeing the DOW drop like it has is pretty awesome. Everyone who knew anything about investing already knew that both stocks and bonds are overpriced due to the higher P/E rations and ultra low interest rates respectively. In a normal, healthy economy a 30 year mortgage should range between 6% - 8% depending on your credit rating.

These current rates are still too low for a healthy economy: https://www.wellsfargo.com/mortgage/rates/

If you are buying stock through a 401K...these plans are buying shares at the same time each month and dollar cost averaging. A down turn is actually good for the long term investor because it allows you to buy shares cheaper. That is the beauty of dollar cost averaging. Generally there are more days when the market is down..than up and so you end up buying on more down days than up days. Warren Buffett has said many times that this is the way most people should invest for retirement.
02-05-2018 05:48 PM
Find all posts by this user Quote this message in a reply
aTxTIGER Offline
Carrot Dude Gave Me 10% Warning
*

Posts: 33,256
Joined: Feb 2005
Reputation: 769
I Root For: Fire 'Arry!!!!!
Location: Memphis, TN

Donators
Post: #76
RE: DOW
XIV is now down 80%. Liquidation will be triggered it looks like.


It closed at 99. Now at 19.
(This post was last modified: 02-05-2018 05:49 PM by aTxTIGER.)
02-05-2018 05:48 PM
Find all posts by this user Quote this message in a reply
Attackcoog Offline
Moderator
*

Posts: 24,640
Joined: Oct 2011
Reputation: 980
I Root For: Houston
Location:
Post: #77
RE: DOW
(02-05-2018 05:09 PM)arkstfan Wrote:  
(02-05-2018 03:27 PM)Redwingtom Wrote:  
(02-05-2018 03:26 PM)arkstfan Wrote:  Now only down 833 for the day.
Down 2000+ since Jan 26.

Market was over-heated. Still plenty of room left before I get nervous.

Yup. If you're not a day trader, this shouldn't send you to the ledge.

I had just done my quarterly rebalancing of my retirement account last week so guess I did some profit taking 04-rock

Well done. Lol, for me--the good news is I am totally out of the market and suffered no loss at all. The bad news is I have been out of the market for about 3 or 4 years....
(This post was last modified: 02-05-2018 05:50 PM by Attackcoog.)
02-05-2018 05:50 PM
Find all posts by this user Quote this message in a reply
Attackcoog Offline
Moderator
*

Posts: 24,640
Joined: Oct 2011
Reputation: 980
I Root For: Houston
Location:
Post: #78
RE: DOW
(02-05-2018 05:29 PM)miko33 Wrote:  
(02-05-2018 05:00 PM)bullet Wrote:  
(02-05-2018 03:35 PM)Redwingtom Wrote:  I guess the bottom line in all this is that the Dow still does not equal the economy.

Its psychology, not economics.

The era of "free money" in the way of almost criminally low interest rates is winding down. Because the economy is starting to improve on it's own without the need of the easy money policies, inflation has been ticking up and the interest rates are being brought back to where they are supposed to be in a normal economy.

What we are seeing is a correction to the U.S. and all the world markets. It's actually a good thing. Remember, the markets don't drive the economy but the economy that drives the markets.

Its a smart a move by the Fed. The average expansion lasts about 6 years and we are entering the 9th year of this recovery. The Fed needs to let rates tick up a bit, otherwise, they will have no bullets to fire when the next slow down rears its head.
(This post was last modified: 02-05-2018 05:53 PM by Attackcoog.)
02-05-2018 05:52 PM
Find all posts by this user Quote this message in a reply
Attackcoog Offline
Moderator
*

Posts: 24,640
Joined: Oct 2011
Reputation: 980
I Root For: Houston
Location:
Post: #79
RE: DOW
(02-05-2018 05:44 PM)aTxTIGER Wrote:  
(02-05-2018 05:42 PM)Kittonhead Wrote:  
(02-05-2018 05:29 PM)aTxTIGER Wrote:  
(02-05-2018 05:28 PM)Kittonhead Wrote:  
(02-05-2018 05:22 PM)aTxTIGER Wrote:  Looks like the XIV is gonna get liquidated. Any VIX move up 80% can trigger that. This is gonna be a massive scandal if it happens.

What is going to happen to the crypto ETFs?

No stomach for that at this point lol.

I dont mess with cryptos so Im not the person to ask. I assume Bitcoin and Ripple are still crashing?

The game in the crypto arena is to invest not in the individual crypto technologies but the mining companies. They'll have the technology to compete as the technology evolves.

Actually an international banking crisis could accelerate cryptos development if a lack of confidence exists in it. We are a long way off from that point at the moment.

Yea, I know some people that are big investors in blockchain tech. I just havent researched enough to be confident in any trades or investments.

Last I heard they were down about 60% from their mid-December highs.
02-05-2018 05:54 PM
Find all posts by this user Quote this message in a reply
miko33 Offline
Defender of Honesty and Integrity
*

Posts: 10,314
Joined: Mar 2010
Reputation: 413
I Root For: Alma Mater
Location:
Post: #80
RE: DOW
(02-05-2018 05:44 PM)Attackcoog Wrote:  
(02-05-2018 04:32 PM)Machiavelli Wrote:  Inflation is on our horizon which is not good for stocks. I’ve been saying this for a couple of weeks. At the end of this rainbow is inflation. We deficit spender to increase inflation. But the hi name was Seth Tich crowd doesn’t understand how dangerous that is.

Nope. Cant have inflation while the world is in a deflationary cycle. What you have here is just another Fed bubble. The Fed has been inflating asset prices in the hope that the liquidity will finally lead to higher economic growth rate and increased economic investment.

[Image: united-states-inflation-cpi.png?s=cpi+yo...801121351v]

As of now, the inflation rates are still in line with what we would expect in a normal economy. Now we will get to see the reverse of QE and QE2 because after the smoke clears and the interest rates are increased - you'll see those people who jumped out of bonds/CDs to seek higher returns in equity markets go back to their bonds/CDs.
02-05-2018 05:57 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2018 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2018 MyBB Group.