Anybody short facebook

[beaverdam]

MacDon ?

Would have been a nice play since he testified in front of congress.

https://www.cnbc.com/2018/07/26/us-markets-earnings-trade-ecb-and-data-on-the-agenda.html https://www.cnbc.com/2018/07/26/us-markets-earnings-trade-ecb-and-data-on-the-agenda.html

down 24% yesterday

[macdon02]

MacDon ?

Would have been a nice play since he testified in front of congress.

https://www.cnbc.com/2018/07/26/us-markets-earnings-trade-ecb-and-data-on-the-agenda.html https://www.cnbc.com/2018/07/26/us-markets-earnings-trade-ecb-and-data-on-the-agenda.html

down 24% yesterday

I don't short stocks. But JD and Ford are next according to my pattern recognition stock picker. Glencore, BP Halliburton all looking to sell off. Anything less then 25800 on the DJ Friday will be indication of weakness in general as far as stocks. Looking for a July high here. Interesting setup as DJ "seems" to be last to turn. Next major turn point is Nov 22. I really don't watch individual stocks, it's the indices that matter as far as money flow, how much foreign capital flowing into US . The pattern recognition is pretty cool though as it'll identify sectors that are vulnerable giving hints on bigger moves back to commodities or int rates, whatever. I'd say it's hitting about 80-85% on direction and 90%+ on market entering critical period that could go either way but it'll be drastic regardless. It's not something you can take at face value without understanding the macros and where the major cycles start/end. If you know where euro, gold, DJ are headed you'll see the rest of the markets turn same day just about. There's definitely a hidden order but we focus on fundamentals and opinion way too much.