Tue 7/7/2020 18:52 ET
S&P 5003145.3233.971.08%BANKS322.0610.373.22%OIL40.390.230.57%BITCOIN9244.9377.660.84%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add SPY
From: luvb2b (Rep: 2104)Date: 02/02/2018 14:12
Forum: Wall Street Pit - Msg #2717843 - List SPY msgs Thread #673988335 (Rec: 1)
there are a lot of leveraged 2x and 3x etf's in the market in all different sectors, and i'm sure people have built up many positions in them as they have been very profitable to hold. the dark side is on a day like today when you have a big move all the leveraged products sell into the move to rebalance. they ahve to do their rebalances by the close, so we stay down here another 50 minutes and you will likely have several billion of selling coming in the last hour that is forced selling.

"There are those who market trades, and there are those who trade markets.

There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b

***Disclaimer & Disclosure***: I make no guarantee as to the accuracy or validity of information in this message. Messages posted reflect my own opinions and/or those of others, and are posted for entertainment purposes only. My messages should not be construed as investment advice. Always make investment decisions in consultation with your own financial advisor. Daytrading is not suitable for everyone. You trade at your own risk. Daytrading involves considerable risk and could result in significant losses, including losses in excess of invested capital. Any information posted here is meant for entertainment purposes only and should not be assumed to be accurate. It is expected that the readers of this information do their own research and due diligence when making trading or investment decisions. I may have long or short positions in any of the stocks that are mentioned, and these positions may change at any time.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser luvb2b: Reward | Watch | IgnoreSPY: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add SPY

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.