ES Journal - 2012

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Quote from mastacoli71:

add 54.25, avg 44.25

change of fortune! Yesterday you were 10 points in the profit, today you are 10 points in the loss. Good luck mate.
 
Quote from failed_trad3r:

Why is this market going up like this??? Daily chart looks like a 45 degree angle, asif QE3 has already started. Makes no sense:(

Quote from mastacoli71:

On a serious note, mkts rarely make sense. The rumor is they will ease so most likely buying the rumor.

Often it can be pointless to seek an explanation for why stocks are going up or down. It can go up or down on good news and up or down on bad news, esp. with the relationships overturned in the bizarro world of central bank expectations. The financial coverage explaining the moves only do so with benefit of hindsight.

Very dangerous to think Bankrupt European Country debt at xx%, therefore spx should trade down xx, or vix should be up xx%.
 
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