UPDATE September 28
A very quick update.
Stay safe friends, the market is dangerous right now. There is no reason to open a long position if you plan on holding longer than a day. Short coverings cause whipsaws, but this market wants/needs to go down - to *PRE covid LOWS . maybe not before November, but I think it will...
*edit: i meant covid lows, we will definitely hit pre covid lows before november.![]()
My positions
$Teucrium Commodity Trust Corn Fd Shs(CORN.US$ Long, I have options in Nov and Jan. The harvest is now - and it is not good. Hurricane Ira won't help if it dumps a bunch of rain on the midwest.
$Apple(AAPL.US$ Started a short position Monday added to it yesterday. I hope I'm in wait and watch mode but the market may give me a rollercoaster ![]()
$Invesco QQQ Trust(QQQ.US$ iam SHORT. $ProShares UltraPro Short QQQ ETF(SQQQ.US$ Short coverings can cause massive quick spikes when profiteers jump in, be careful. But I see downside no reason to be bullish. Smart money has been shorting the open and close letting the market drift up between them, let's see if this trend continues.
iam off to work, as always -
Good Luck ![]()
Here comes that hurricane. Time to watch oil closely.
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icezzz : As always, thanks for ur sharing. Do u think how low Appl will be?
iamiamOP icezzz: it failed to take a newer high and broke lower low so I hope down. but like I said it only takes a large short covering to rocket a stock, apple has held up amazingly well so I suspect it to break soon.
Woolybully : Pre covid world doesn’t exist anymore
icezzz iamiamOP: Thanks for sharing with us
bwjx : Thanks for sharing. Started my first short position for $First Solar (FSLR.US)$ when it pop over 133. $Sunrun (RUN.US)$ is exhibiting bearishness but to a larger extent.
NinaL : I set up a short Fslr yesterday and are currently tied up. It rebounded a lot today. I don't know how long this state will last.
iamiamOP NinaL: I dont no how long it will push up either, I suspect not long, I hope you have time or can hold for a while (a few days maybe a week at most). it's not going 4 or 5 percent so far so its fighting for 1.5 percent, if it holds we could get a few days of bullishness. if it sells down after lunch we may be on the way back down. I would like to see another big sell off, hanging around this price makes me nervous, we've been here a while and the MAs might catch up and send us bullish again.
NinaL : Thank you for your advice. I think I can hold on for a few days. I am the put that expires on October 28. I hope to be able to return to the descending area before then. Thank you again.
iamiamOP NinaL: oct 28 is a good date
BeBlessed : Staying sideline was the correct thing for me today. Intraday low was 28822... currently is it hovering at 29650.. +/-820 points movement for DJ.
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