it feels good to have enough equity in your account to turn off the computer and know a crazy move one way wont kill you.
there is little upside risk IMO
im ready to jump in... my analysis says this is WAYYY overbought, would feel comfortable holding a short ES with no stop upto June expiration from here...
must get into money somepoint
tongue and cheek i see "fakeouts" all the time.. what i meant to say is that when everyone is long.. need to start thinking about looking short.
no one expects the unexpected, right
8:27est
im just guessing that housing starts will suprise to downside.. cold winter and plenty of used inventory.. who the hell has money to be buying a new house anyways.
the market may trade this up though :P
http://www.cnbc.com/id/35887306
i see the same trend, but from my experience.. just when its very obvious to continue in one direction the market turns..
pullbacks only happening intraday is troubling for bears. im looking to fade a big push up