Corrective phase??? Maybe, but this looks like a small bump in the road??? A 5% correction would bring the SPX down to 3,981 and the NASDAQ down to 13,359, so Markets just blinked at Biden's TAX RAPE PLAN!!! so far anyway... BUY THE DIP!!!
Would you mind please expanding on why you think this so we can learn from your analysis? What would be driving an up to 15% correction at this point, Greg?
I am short 1 share of QQQ . If it goes against me, I plan to smack this market down by shorting 1 more shares. Hoping to make $10 profit, use it in local starbucks and then go long with a bunch of calls
No reason to short this market. I understand easier said than done. Short 1 share of DIA or QQQ to keep trigger happy fingers happy. If it goes up short 1 more share. Cover to make $10 profit and go to starbucks. Think this is free coffee and look around. Just my 2 cents
I thought 40% of capital gains taxes was for corporations only but apparently is for every citizen .. that’s going to hurt even more .. I also hear 80% for crypto that sound ridiculous . Btw New York and California up to 53% taxes on capital gains . Nobody can escape from this unless to move to different country . Very confusing
Thanks Gregory, I agree with the pullback you mentioned! Just sold 5 call option positions in anticipation of the pullback, just might buy a few selective puts to ride the correction down.
Lions...start learning about technical analysis, specifically candlesticks, MACD, stochastics and RSI, these are extremely helpful in navigating the market trends. Keep learning!!
Finally! I’ve been salivating at the mouth for this lol
Corrective phase??? Maybe, but this looks like a small bump in the road??? A 5% correction would bring the SPX down to 3,981 and the NASDAQ down to 13,359, so Markets just blinked at Biden's TAX RAPE PLAN!!! so far anyway... BUY THE DIP!!!
Agreed, seems to be a knee jerk reaction to the taxes. Buy the dip!
Any suggestions for V, netflix, intc
Early stages.. Lets see how they play out.
Would you mind please expanding on why you think this so we can learn from your analysis? What would be driving an up to 15% correction at this point, Greg?
Does not have to be 15%.. however 15% corrections are normal.
I am short 1 share of QQQ . If it goes against me, I plan to smack this market down by shorting 1 more shares. Hoping to make $10 profit, use it in local starbucks and then go long with a bunch of calls
Agree. That's why i closed one Call on Dax and my Call on Dow and opened a Shortposition on Dax yesterday.
By the way: Shorting this market is always high risk, best/relaxed strategy seems to wait for long opportunities.
No reason to short this market. I understand easier said than done. Short 1 share of DIA or QQQ to keep trigger happy fingers happy. If it goes up short 1 more share. Cover to make $10 profit and go to starbucks. Think this is free coffee and look around. Just my 2 cents
I thought 40% of capital gains taxes was for corporations only but apparently is for every citizen .. that’s going to hurt even more .. I also hear 80% for crypto that sound ridiculous . Btw New York and California up to 53% taxes on capital gains . Nobody can escape from this unless to move to different country . Very confusing
More fuel for the stock market
Greg, should we still hold 6 month call options on JMP, AXP, BAC, INTC, TWTR or unload now and buy back in?
These are all down between 20% and 42% with JPM the 42%
Thank Sweet Jesus for some Vol.
Do you still think we are crazy for shorting this market?
Thanks Gregory, I agree with the pullback you mentioned! Just sold 5 call option positions in anticipation of the pullback, just might buy a few selective puts to ride the correction down.
Lions...start learning about technical analysis, specifically candlesticks, MACD, stochastics and RSI, these are extremely helpful in navigating the market trends. Keep learning!!
Gregory is the man, leader of the pride!!!
Greg.Thank You for your hard work and knowledge !!!!
This was the link
https://www.g20.org/prosperity.html
Hi Greg, just regarding yesterday's video. I commented twice on your video with the link to g20 website and they never posted it on YT.
Took screenshots to prove if you like.
Thanks for sharing your knowledge and raising awareness!
Couldn't agree more Greg!
I thought the correction was over yesterday. I closed some of my hedges.