Posted by
Alabama Fan
Member since Mar 2012
5362 posts

re: Another winning Friday on Wall Street?
Yep! Oh well, it was fun while it lasted...

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Stanford Fan
Member since Mar 2009
34214 posts

re: Another winning Friday on Wall Street?

I'm going to go out on a limb and say it stops today, and in a big way!

This. Today will be a blood bath, but hopefully it bounces back some on Monday.

The last negative 100+ bps move in the DJIA was on 2/25. It was down 1.54% on Monday, recovered over half of those losses on Tuesday, and was up .53% from the Friday close by Wednesday. 14,000.57 on 2/22, 13,784.17 on 2/25, 13,900.13 on 2/26, and 14,075.37 on 2/27.


Atlanta Falcons Fan
Port Moresby
Member since Dec 2007
25175 posts

re: Another winning Friday on Wall Street?
WARNING TO ALL: I am going all in on AAPL expecting very good numbers for the quarter. I am still expecting it to drop to 52 week lows so I haven't purchased just yet but it is getting really close...

Blakely Bimbo
Alabama Fan
Member since Dec 2010
1183 posts

re: Another winning Friday on Wall Street?
Remember when the meme was MAG (Mondays are always Green)?

AND... EURUSD? Dollar up market down. EUR up market up.

Stuff works until it doesn't.

Nawlens Gator
Florida Fan
Member since Sep 2005
3261 posts

re: Another winning Friday on Wall Street?
Found this interesting:


As the market pulls back today, a large trade is positioning for another drop in the S&P 500 in the next two weeks.

optionMONSTER's Depth Charge system shows that a trader bought 5,853 April 1365 puts for $0.40. The volume was 4 times the strike's open interest before the session began, so this is clearly a new position.

Those puts are more than 11 percent out of the money --a sizable amount, given that these contracts expire in only two weeks. But they have a delta of just 0.01, suggesting just a 1 percent probability that they will be in the money by that April expiration.

This could be an outright bearish bet but is more likely hedging against a long portfolio. Many traders buy puts in indexes as an alternative to protection on individual names, especially when they are concerned about a broader market decline. (See our Education section)

The SPX is down 1 percent this morning to 1543, on pace for its lowest close in a month. The index was last below 1365 in mid-November and posted an all-time closing high of 1570 on Tuesday.

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