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Personally, I expect the Asian and European markets to go up tonight and tomorrow US will hit the high of today. Maybe I will be wrong.

No I sold more covered and naked calls.

Mass people have better instincts on the market than geniuses like Cathie Wood.

Important for what mass people see and hear about the market and what causes fear and greed. You are right about day traders. You hear in the new that S&P closed 0.5% up or down today and they don't mention intraday high or low. A regular employees , a dentist, doctor or a teacher who gets...

Always close and open prices are recorded. intraday high and low are not as important as open and close are.

My positions. I won't get into a fight and argue. Believe in what makes you comfortable. If I want to go that route, you would ask me to take off my pants and you want to inspect everything :)

FYI, I trade big when I trade. I opened my position on ES when the market opened yesterday. I am up 97K by now. Got long 35 contracts ES and sold covered call on 5080 as well.

up 1% now. But close is important

2 and half hours left and $&P is up 0.85% . Another 0.15% left.

3 hours left and S&P is up 0.75%. Another 0.25% will seal the deal.

Please elaborate. I am not that smart and I was never good at chemistry and using mandaliof table:)

From my own experience, inflation is muted but it is still there ( my grocery shopping and what i pay for gas)so the fed might not be able to reduce the rate in the next couple of months but market reaction to inflation is always short term and after a few days when we see good earnings the...

I guess if a rally takes place on Monday, some part of will come from short covering and adjusting positions. I expect a big drop on crude oil as well. I saw some signs of market trying to rally last week and specially on Friday that were suppressed because not all worries were settled but this...

I feel if nothing new happens, market should rally over 1% on Monday by close. We had recently a good size short term correction added with fear of escalating war which is now seems to be subsided.

Back to normal

huh? !!

It was my long term observation which was true 95% of the time. My reasoning was that DOW is less volatile than Nasdaq and S&P is something between. So if DOW is up 0.5% and Nasdaq is up 1.5%, usually S&P is up 1% (95% of the time this theory is true).

Well, I believe it is one of those days that the rule does not apply.

Usually, I can calculate daily ES gain or loss by adding YM and NQ gain and loss and dividing it by 2 and this is almost accurate in 95% of the time. Today oil is flat or down a little and NQ and YM are both up about 0.2% but ES is down. what is going on?