Comments on: Stock Market, Gold, & Crude Oil Analysis 4-22-20

By: tommyjapk

tommyjapk — Thu, 23 Apr 2020 05:26:58 +0000

Can USO go to zero, 0 ?

By: tommyjapk

tommyjapk — Thu, 23 Apr 2020 05:26:22 +0000

Can USO go to 0, ZERO?

By: garyi2019

garyi2019 — Thu, 23 Apr 2020 00:21:02 +0000

This is from Charlie Chaplin movie – hope ppl still know him!

By: mSquare

mSquare — Wed, 22 Apr 2020 19:18:46 +0000

In reply to weatherman. I am short these PUTs so they cannot give me cash and unlikely to take cash so I guess they could simply assign it prior to reverse split.

By: Imadaytr8r

Imadaytr8r — Wed, 22 Apr 2020 18:57:02 +0000

I notice with one hour to go volume is only 30% of average!!! Isn’t that a bearish indicator with everything up if not for a fade during the last hour a gap down tomorrow? SPY currently 279.96

By: PWL

PWL — Wed, 22 Apr 2020 18:44:00 +0000

In reply to Spcyoungge. SPY did that right, recovered 55% of losses from ATH? So they're saying we've seen the bottom?

By: weatherman

weatherman — Wed, 22 Apr 2020 18:43:59 +0000

In reply to mSquare. usually fractions get credited to your account in cash, however I have seen fractions of a share given as well. Most are cash I think

By: mSquare

mSquare — Wed, 22 Apr 2020 18:38:58 +0000

As in video, good to know @rsotc thinks USO is ok for now.

USO does reverse split 8:1 next week and has modified its objective not to hold near term contracts.

Does anyone know what happens to someone who holds options on it and in a number not divisible by 8? eg. say 20 of the May $4.5 PUTs

By: jwconk

jwconk — Wed, 22 Apr 2020 18:15:49 +0000

In reply to Spcyoungge.

How many depressions have we had in the last 100 years with 5 years of tax receipts injected into the markets at the low? I lived in Spain from 2010 to 2014 and I was surprised how much market intervention they had coming out of the 2008-2009 crash (in particular the government and the banks did all kind of gymnastics to prop up the real estate market). The result of that was a long slow decline. On the other hand the downward adjustment was sharper in the US, but so was the growth coming out. Net net, I think the Fed+Treasury are setting us up for a loooong decline and a long recovery. And the nature of the underlying issue only foments a drawn out ordeal: COVID is going to depress the economy for the next year plus… the Fed+Treasury are going to run out of fire power… how deep can they go before the whole system implodes? 20 years of tax receipts worth of market interventions???

By: Gambler

Gambler — Wed, 22 Apr 2020 18:05:28 +0000

In reply to Simon1313. Same here in Etrade its insane they love to let us loose opportunities for tiny guys like us

By: hafstjl06

hafstjl06 — Wed, 22 Apr 2020 18:03:46 +0000

In reply to Spcyoungge. This bear market rally also occurred after the longest bull market in history. I'd be interested to see if bear market rallies correlate with the size of the bull market they follow. If so, that 55% retracement might be expected.

By: Spcyoungge

Spcyoungge — Wed, 22 Apr 2020 18:00:38 +0000

@rsotc I was told by another professional investor that the S&P has never ( at least in the last 100 years) made a new low after recovering 55% of losses from a bear-market drop of 20% or more. It must recover 55% to be valid. Can you confirm this?

By: Koolmoto

Koolmoto — Wed, 22 Apr 2020 17:59:59 +0000

In reply to Simon1313. Just read short selling banned on USO

By: Simon1313

Simon1313 — Wed, 22 Apr 2020 17:32:43 +0000

All Crude contracts UP significantly, yet USO DOWN 10%. Lot of Robinhood-ers must be Pissed !!! LMAO

By: Simon1313

Simon1313 — Wed, 22 Apr 2020 17:27:53 +0000

I’ve noticed TD Ameritrade (TOS) isn’t accepting any opening trades for crude June and July. I’m assuming this is true with every broker. So, no one can buy to go long to support the price or drive it higher.