Daily Stock Discussion for Wednesday October 28th

in LeoFinance3 years ago

Futures are in free fall as COVID cases rise among a majority of states. The US government could not pass a stimulus package to help the economy. Yesterday, there was a tough fight between the bears/bulls finishing slightly lower. I’ve been bearish for some time and that’s cost me as this market is fueled on hopes and FED money. The FED will be printing like crazy trying to prop the markets up. Just think how much tax payer money is being funneled into the markets...

SPY
58B0C9F3556E4F478C476DF6EA0AAAE5.jpeg643625A8BA7A46F984B2CA60B55F9108.jpeg

VIX
3014FF3604774167BD12FBCEA43A01DE.png

QQQ
301DA68CBFAE43EE81F94373BC303B97.png

Headlines

My Trades

  • 12 10/30 SPY puts @1.91

Posted Using LeoFinance Beta

Sort:  

I saw all the headlines and expected my stuff to be down, but it was still up. I just can't understand what is going on! :P

That's good I think there's a lot of uncertainty in the air. Plus we ha e a lot of earnings on deck. It's pretty crazy to think, but for SPY you really have a handful of stocks in the index that decide the value becomes they are so big and Disproportionately waited. Apple, Amazon, Netflix or companies like Microsoft control SPY.