BS market

[eveningtrader]

The market is always right. Never fight it.

Yes, with the current condition, it's BS. But just look at it this way, any bad news is good news. The market factor or expect the Fed will hand out more money if anything bad happen.

 

[The Kin]

Quote from Landis82:

Sounds like an awful lot of "bitterness" to me.
If you really are a TRADER, it shouldn't matter WHY.

No bitterness, just confused. I'm a swing trader, but I also have a deep interest in economics.

 

[cszulc]

Fed probably won't cut at the April 29/30, market drops 400.

 

[HedgefundTrader2]

Quote from The Kin:

Oil @ $115 and stock market soars. The dollar is collapsing and may even be forced to raise stocks. Yet stock market soars. F this BS market.

Disclaimer, I'm making money by being long, I just don't understand why.

While you are focused on negative aspect of the markets bulls are pushing big white candles up your a......

I was busy capturing 30 point Maverick Type waves on BIDU today.

You know what Maverick is dont you? Perhaps not. Have you ever taken your fat carcass out to surfing in your life ?

 

[Landis82]

Quote from The Kin:

No bitterness, just confused. I'm a swing trader, but I also have a deep interest in economics.

Understood.
But as most professionals are well aware, one must watch HOW the market RESPONDS to the news. That is what is most important to a TRADER.

On one hand you have the UPS, FDX, WAMU, and GE's of the world.
On the other hand you have the DO, BUCY, X, POT, INTC, and IBM's of the world.

Don't be confused by what the "alleged" economic backdrop is.
It is a MARKET of stocks . . . not a STOCK market!

 

[HedgefundTrader2]

Quote from cszulc:

Fed probably won't cut at the April 29/30, market drops 400.

Market is saying " I am going higher with or without a recession".
You be my buddy? Go long dude.

 

[cszulc]

Quote from HedgefundTrader2:

Market is saying " I am going higher with or without a recession".
You be my buddy? Go long dude.

I'll take all the other sides of your trades. Alright?

 

[Maverickz]

As I said in my last post in this thread the market traded right up to resistance today. Since that post ES has dropped 1.75 so far in the after hours. For tomorrow I would be slightly bearish coming off the resistance and a small move

 

[cszulc]

What resistance are you using? Isn't it up at 1390 on the S&P (cash) and 12850 on the INDU?

We completed a triple top that the market (today at least) is trying to roar on back to.

 

[frank grimes]

1375...