ES Journal - 2019/2020

[BeautifulStranger]

You weren't around 1995-2000. Earnings do not matter whatsoever. The market is about perceived expectations, not rear view results. When a ticker gaps open on good earnings, it is doing so on the expectation of continued even better results. No one is buying a stock because of what happened last month. What will matter is how does the 99% spin the future, and does the market buy their vision if the picture they paint is positive.

Perceived expectations? After the 2020 elections, no matter who ends up the White House for the next four years, is there any reason to not have a feeling of dread?

Then again, money is the fuel that feeds the markets. The Fed has been continually providing that fuel.

Buy and cry ‘till the “party” ends?

 

[SPYgrain]

rt shoulder building, anyone....or is this thing too strong for a deeper correction.? .HS proj about 3243.roughly 38% off overnight highs

 

[Buy1Sell2]

Likely get a little pullback for gap fill today and then more upside. ---Don't have to get a gap fill though.

 

[speedo]

1995-2000 was a bet on the internet and that didn’t end well. Most .coms are no longer with us. I’d say for every amzn there was 10 NTBK or LVLT.

The internet was fine, the issue was bogus companies with nothing but water on the books and a pitch. Wall street is not financing those kinds of mind deals. The market is not so much focused on current or past earning but anticipation of future earnings. Evidently views are bullish. In any event, we don't fight the tape....if it wants to go up, we want to go with it and vice versa.

 

[SPYgrain]

Yes... I accidentally over sold some at 47 this afternoon as I was scaling out a couple... didn’t check my size window... that said, I’m doing my typical bottom fishing on the over night... buy scale into the buy zone right around where ur looking and bit higher.....

care to share what your buy zone is/was.? I got re-long 46 last night..tia

 

[Spooz Top 2]

rt shoulder building, anyone....or is this thing too strong for a deeper correction.? .HS proj about 3243.roughly 38% off overnight highs

I don`t thonk we`ll come in that hard ... if we do at all... sweet buy at 58.25... did`nt have time prior to post it...

 

[SPYgrain]

I don`t thonk we`ll come in that hard ... if we do at all... sweet buy at 58.25... did`nt have time prior to post it...

tend to agree...coiling for another leg...dow pulling today

 

[Spooz Top 2]

You weren't around 1995-2000. Earnings do not matter whatsoever. The market is about perceived expectations, not rear view results. When a ticker gaps open on good earnings, it is doing so on the expectation of continued even better results. No one is buying a stock because of what happened last month. What will matter is how does the 99% spin the future, and does the market buy their vision if the picture they paint is positive.

Agreed 100%... As traders never rationalize the market... Market is always irrational but it`s also always right & correct!

 

[Buy1Sell2]

When the DMI looks like this-----Look out above

 

[wiesman02]

Man, when these markets get bullish, trading gets so damn easy. Wait for a pullback, place large stop, let it bounce around until it hits target, rinse repeat.