My prediction is that today will be the first time we hit all three circuit breakers. I think the trading day is over by noon.
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My prediction is that today will be the first time we hit all three circuit breakers. I think the trading day is over by noon.
I'm not a huge technical analysis guy but we're approaching the bottom of the S&P channel trend which started in '09. If we don't bounce off that hard all bets are off.
Third circuit breaker is actually 20%. I thought it was closer to 15% before I looked it up. That's pretty steep. I think I'll revise my prediction to say we just hit the first two circuit breakers (one down!).
Fuck! This is shitty. I had some cash sitting on the sidelines some which I put in the market last week. Looks like that was a mistake. I think I may leave the rest to sit for a while. No telling where the bottom of this is.
All jokes aside you would have made a lot of money if you had shorted Brazil at the start of the week.
Unbelievable week. Liquidity is gone and volatility has no interest in moving down. I'd kill for a 1% up or down day next week. I trade international ETFs for work. On Thursday you couldn't find a broker willing to take the other side of a sell.