Yes folks it's another stock index gap up on the cash open. So easy making free money $$$
Let the amateurs fight over tiny gains during the day session.
Don't waste your time trying to capture tiny gains after the cash open. By 10am cst, the markets are done. It's then sideways for 5 hours. Its just not worth it trying to capture a few ticks.
BUY THE CASH CLOSE SELL THE CASH OPEN $$$$$$$$$$$$$$$$$
Weak earnings, weak jobs report...when the indexes rally on bad news its a strong signal to buy the dips.
Folks if your not buying the cash close and selling the cash open, your missing out on the easiest money to be made.
One neat trick is to slightly reduce the quantity, to keep the price the same. A few less ounces of OJ, a few less ounces of bacon. Keep the price the same. Presto no inflation.
You know the scared amateurs will not buy the close today. Not with the big payroll number tomorrow. I will sell them my lots after they skyrocket up. Good # bad # it really doesn't matter. Bad data just means more free FOMC cash. Simple as that people.
After following the markets for over 25 years, I can tell you it doesn't matter. The indexes, not individual stock will rise. Up up up and away for the indexes.
Buy the index futures at the cash close. Hold overnight, sell on the cash open the next day. Count your winnings. Spend the day golfing while the day traders slug it out for a few points.
I think 2021 could be the year we see some mean reversion. The politics are ripe. 2022 that's a different story. Can we at least visit the 200 day. That seems about right. I'm calling the FOMC and its member banks.
TSLA only up 700% this year.
https://www.marketwatch.com/story/holy-smokes-im-a-tsla-naire-heres-how-quickly-tesla-has-turned-modest-investments-into-seven-figure-windfalls-11608825106?mod=home-page