ES Journal - 2019/2020

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speedo said:
Meanwhile several days of crap PA. I wish they would send out a memo prior, I would have caught a plane to New Orleans to play for a few.
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think crappy PA started since yesterday for me, dunno how long it will last.
 
Sounds like B1 persisted with his perverse bear market definition and now others believe. tsk tsk... nothing but broken clocks.

B1 *HAD* a good call near the July "top". AFAIK, he failed to take ANY profit based on that call.
Amazing what passes as good trading these days.

Carry On.
 
vanzandt said:
Hmmmm.
I have to ask... where's the money flow heading? In equities that is. What sectors.

-Energy? Ahhh. Maybe. But politics aside... I don't think Trump has the appetite for another war. That would be a huge costly mess. Let Saudi take care of their own sh*t. Sell them the weapons. Bring the UAE and Quwait in too. Sell them a bunch. They owe us anyway. jmho

-Cyclicals. Nope. Too much uncertainty.
-Healthcare. Nope. Too much uncertainty.
-Consumer staples. Nope. Overbought.
-Defense sector. Overbought but might run near-term a bit more.
-Tech. Sold off and still too expensive.
-Financials. No friggin way. Rate cuts on the way.
-Communications. Thats a joke. Race to the bottom underway.
-Utiliities. Maybe.
-Materials. They follow the industrials.

All in all, there's not much left to chase for the time being. Unless tech saves us all again.
I think the markets need to just consolidate and redistribute a bit. Too much going on in the world. Too much uncertainty.

I think B1's bear... although it may not be real bad bear.... he might lumber out of his den here pretty soon and get a bite to eat. He's napped enough.
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cyclicals ??? what does that refer to exactly.
 
tenny1886 said:
cyclicals ??? what does that refer to exactly.
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Basically stocks of companies that are sensitive to the overall economy. Companies that sell products that do well when the economy is expanding and consumers are spending more money. When things start cooling off, they usually lead the way down. They get hammered in a recession. High interest rates really hurt cyclical stocks. Low rates however are no guarantee they will go up, although lowering rates certainly gets consumers to spend more and as such just as cyclicals lead the way down, they oftentimes lead the way back up.
 
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Today I was in a prominent E-Mini day trading webinar with live charting and trading. I took advantage of their two day free offering (come-on now, that's being cheap.....one week is more like it).
I would say that 80% of the calls were wrong.....and this on Fed Day !!! As the day progressed, it quickly became the poster child for how and why not to day trade. It was quite an eye-opening experience.
 
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