Asking 1962 for a short, adding 1980, stop 1990.25 - Day.
ES Journal - 2014
- Thread starter murica
- Start date
just watched it tick 1960 ES Sep.. really?? 10 ES points between 350pm est and now 6am. epic short squeeze.. expecting a few fireworks today with opex one way or the other.. i would like to short this again but really speechless about this rally since 1890, never seizes to amaze me.
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here is an article that scared the shit out of me.. a determined bear.. fact is that as long as these companies keeping beating earnings... politics/ war/ yields/ gdp/ nothing else really matters
"...released its latest update for second-quarter earnings season, and with 446 of theS&P 500 having reported, we're getting a pretty good look at the prevailing trends:
-73% of companies have beaten earnings estimates, slightly above the 1-year average of 72%.
-Companies are beating by an average of 4.2%, above the 1-year average of 3.2%.
-Q2 earnings growth is 8.4%, up from an expected 4.9% on June 30.
-This is the second-highest earnings growth rate since Q4 2011."
http://www.minyanville.com/special-...S2526p-500-factset-factset/8/11/2014/id/55646
"...released its latest update for second-quarter earnings season, and with 446 of theS&P 500 having reported, we're getting a pretty good look at the prevailing trends:
-73% of companies have beaten earnings estimates, slightly above the 1-year average of 72%.
-Companies are beating by an average of 4.2%, above the 1-year average of 3.2%.
-Q2 earnings growth is 8.4%, up from an expected 4.9% on June 30.
-This is the second-highest earnings growth rate since Q4 2011."
http://www.minyanville.com/special-...S2526p-500-factset-factset/8/11/2014/id/55646
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Not really surprised. We made a HH on the 9th after the previous swing high (25.75) was taken out and that level was subsequently successfully retested on the 12th, that to me indicates a trend change, the reaction is bound to be strong since the underlying long term trend is higher i.e short term + long term trend higher = strong buy signal.
The measured target for this move is around 50 ES points, so this is likely to move towards the low 70s before the shorts get any reprieve.
lost 20 on the nq still sh es...always a 20 pt disaster stop
