Reader Response To My BLS/SPX Call

Dave, thanks for your recent prediction about this, which enabled me to scalp a tidy profit from the SP spike. Shortly before 8:30 EST I bought some SP 500 – leveraged 20 to 1 – then watched the 8:30 spike you predicted, then got out as soon as the spike began to dip. I closed just before it hit 2100, because I knew 2100 was the symbolic figure the machines were targeting.

And I took an extra little scalp from the simultaneous gold spike, again getting out as soon as the spike stopped.

PS, I also got back into shorting Amazon as it opened with a hedge-fund/algo spike at exactly 9:30 EST, as it was front-run primed by the anticipated non-farms payroll Soviet data.

NOTE:  The DJUSHB homebuilder index is pulling back too.   Great time to short homebuilders.  HOMEBUILDER SHORT SELL REPORTS

Especially with the price of lumber crashing AGAIN:   LINK

 

2 thoughts on “Reader Response To My BLS/SPX Call

  1. Re: “PS, I also got back into shorting Amazon as it opened with a hedge-fund/algo spike at exactly 9:30 EST, as it was front-run primed by the anticipated non-farms payroll Soviet data.”

    I wrote that just a few hours ago, and now Amazon is already down half a percent since then, and still going down.

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