You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ER2 has topped?
- Thread starter polpolik
- Start date
it's an interesting market indeed... small caps up , most else down (AAPL broke below 60 intraday, GOOG languishing.. edit: not anymore- up on s&p 500 addition)
oil up,
bonds down....
dollar up
market seems bearish given Nasdaq can't get over resistance 2333, dow 11340 NOTE: these are some major resistances.
however, what's up with Russell 2K? Usually it leads the way down, but not today...it was rock solid. Is this a squeeze or positioning prior to next week's FED meeting...
difficult to be bullish when techs don't participate...
oil up,
bonds down....
dollar up
market seems bearish given Nasdaq can't get over resistance 2333, dow 11340 NOTE: these are some major resistances.
however, what's up with Russell 2K? Usually it leads the way down, but not today...it was rock solid. Is this a squeeze or positioning prior to next week's FED meeting...
difficult to be bullish when techs don't participate...
Quote from dealer:
I think we'll see cash Russell 2k touch 750 (~755/6 basis Jun) before Friday and then weakness heading into Q1 end.
This can (and probably will!) be derailed by an unexpectedly dovish Fed statement following the FOMC.
can you elaborate your thinking...dovish Fed statement bad for small caps? or the equity market in general?
or do you mean to say money will be moving into large caps from small caps?
yes, i think the Q2 trade is going to be outperformance of large over small cap stocks.
but if we get an unexpectedly dovish fed statement then you'll just see money flood into stocks in general. in this scenario, only when the dust settles (later half of 1st wk of april?) will you see a shift from small to large cap.
but if we get an unexpectedly dovish fed statement then you'll just see money flood into stocks in general. in this scenario, only when the dust settles (later half of 1st wk of april?) will you see a shift from small to large cap.
Quote from polpolik:
what was that split second bounce about? that was nuts.
Very bizzare, I've been trading for a number of years, and futs the past few, don't recall anything like that. There were 3 time today those spikes happened. I faded the first two with success, though as quick as they went up, it was a slower grind down.
That last one today though caught me off guard and I had a winning trade that I let become a loser. I had a sale just before noon at 752 and hung onto as it ground down to around 1:30. It was a long slow process, the resiliency and tenacity of staying green when all else was in the red was impressive. It got below the open, made that nice spike below 749, which was the gift and the cover point, or at least tighten up stops. I was going for the kill though, watched the bounce up and was waiting to see if it would settle in down there. BIG, BAD MISTAKE on my part!
Two one minute bars later the profits had just about all evaporated. I told myself that I'd seen this before and would watch the trickle back down. How WRONG I was and ended up taking a loss. No excuses and noone to blame, except me.
Will see what Friday brings.
Good Trading 2 U!
Kelly