Bears back finally? Dow futs-200

[Overnight]

Fully expect the market to flip red to green on riot optimism.

LOL!

"market flips red to green on riot optimism."

With a very minor edit, that reads just like a financial headline.

 

[gaussian]

One thing I've realized watching the market is the S&P no longer represents the full market. A capitalization weighted index necessarily leans heavily on hard to move and well entrenched companies that don't necessarily track their associated sectors.

The companies in the S&P will not falter due to the rioting but is that a sign of market health? Smaller companies will likely see some net loss going into next week as a result of a lack of faith in the outcome of rioting. Wanton burning of businesses does not bode well for small and mid caps.

 

[KCalhoun]

*cough* that was a subtle hint that you should get on your sax and play more Mancini, and then link it.

P.S. This would sound great on a tenor sax also...Work on it.

Lol, gotta love Mancini... here's me riffing badly re cv blues

 

[hafez50]

Thanks... you kept me out of trouble last week re your reminder to avoid chop, sincere thx.

I usually avoid trading Monday chop, this time I'll wait til Tuesday to scale into inverses if they run so I've got more unrealized profit to play with in case headfake.

Tip: note last week Wednesday Thursday Friday all had midday/eod reversals. I'm using trailing stops, some manual, some automatic

Here's the bottom line . I strongly suspect we get a strong move down sometime this summer .The chop the last 4 weeks as been brutal. We know if we go to 2950 or lower we could potentially see 2600-2700 or lower sometime this summer. I'd rather take my chances after the move starts buy and then put stops in. Obviously no guarantee but a better chance of holding it i believe .

 

[FriskyCat]

One thing I've realized watching the market is the S&P no longer represents the full market. A capitalization weighted index necessarily leans heavily on hard to move and well entrenched companies that don't necessarily track their associated sectors.

The companies in the S&P will not falter due to the rioting but is that a sign of market health? Smaller companies will likely see some net loss going into next week as a result of a lack of faith in the outcome of rioting. Wanton burning of businesses does not bode well for small and mid caps.

Good analysis. As you mentioned, the fallout of massive numbers of smaller businesses closing down consolidates market share into the behemoths. Small and midcaps have been sucking wind for a long time; I doubt that anyone can really estimate with any real precision what's under the hood of the 2000 companies in the Russell. That whole index is a bag of tricks floating on the scraps of liquidity from the headline indicies.

 

[Metamega]

Fully expect the market to flip red to green on riot optimism.

You called it.

 

[maxinger]

NQ is so bullish.

who knows, it might break the record high soon.

 

[RedDuke]

Drops will not be allowed. Fed now has power to buy ETFs. And they have infinite pockets. It is really this simple. But when the drop does manifest, it will be like nothing we ever saw. Just like this rally with 35 mil Americans unemployed.

 

[Gaslight Capital]

You called it.

We've successfully flattened the riot curve.

 

[Cuddles]

Drops will not be allowed. Fed now has power to buy ETFs. And they have infinite pockets. It is really this simple. But when the drop does manifest, it will be like nothing we ever saw. Just like this rally with 35 mil Americans unemployed.

prolly keep rallyin 'til election