ES Journal - 2016

Cswim63 said:
...To this trader it certainly looks like a bull market in stocks, riding a nice wall of worry. And it seems as though a market which seems a little irrational will get even more so. If it flies in the face of what everyone is comfortable with, it's probably due to continue.
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Money fleeing GB. Money fleeing EU. Money fleeing JY. US is the "switzerland" of sorts. And gold, it depends on your base currency. In US terms longer term, gold has been an underperformer, holding it's own right now. Yup, this looks like a bull market in the US. But we should all learn from B1S2, don't get married to an idea, one way or the other.

Trade on!
 
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its all artificial.. just have to trade it statistically, ..meaning the actual derivative is meaningless, its just numbers(data).. was hell bent on it testing 1560... as everyone else was too. So many shorts, because the fundamentals dictated it... but the cartel can see the weights of the market and goose it. When a trillion dollars is just numbers to those who print, it implies a artificial world can be constructed, with record low yields and record high equity prices.
 
Well we just pushed through the new highs. Happy days ahead people! This made Puts very cheap. Should be happy days for buyers. XD.

I thought a while ago that we were going to have the ES bounce off the previous "peaks of resistance". I mean the resistance points if you look at the 20 year chart. I guess that is one thing I have learnt, never to expect the market is going to do something :)
 
There's nothing that says short this market. That doesn't mean you have to buy it. It was put to me like this by a former bookie-- If you have a boxer who has won 73 of his last 75 fights, are you going to bet against him on the 76th fight?
 
Cswim63 said:
There's nothing that says short this market. That doesn't mean you have to buy it. It was put to me like this by a former bookie-- If you have a boxer who has won 73 of his last 75 fights, are you going to bet against him on the 76th fight?
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Punter vs Bookie. Spoiler alert! The bookie always wins...
 
Good article on CNBC.com about UBS and their American clients. Apparently wealthy clients are hoarding cash even though they think the economy is ok. Judge for yourselves, to this trader in limbo it means more fuel for the fire later on.
 
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