I, too, took that spike in the ass. Broke my rules. Took the lump and got out. Damn.
Hope your position wasn't too big man
ES Journal - 2019/2020
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Hope your position wasn't too big man
One can be forgiven for expecting a rally right out of the gates based on the Remdesivir news and the futures' reaction to it. However, we saw weakness and a rather sluggish PA up until the last hour of the day. That leaves me with the impression that the intermediate risk/reward might favor the downside. I believe this was playing out until the Remdesivir news was released.
The news highlights an important factor against taking a bearish position in this market climate; you can get smoked at the drop of hat based on any sliver of good news. Couple that with a president who isn't afraid to tweet anything that crosses his mind, I'll say Shorts beware. As for me, I'll operate primarily based on the advice given here often: Trade what you see.
Today's close was very interesting as it ended right under the trend-line coming from the 2640-ish bounce. Excited to see how we open Sunday night. Good trading to all.
The news highlights an important factor against taking a bearish position in this market climate; you can get smoked at the drop of hat based on any sliver of good news. Couple that with a president who isn't afraid to tweet anything that crosses his mind, I'll say Shorts beware. As for me, I'll operate primarily based on the advice given here often: Trade what you see.
Today's close was very interesting as it ended right under the trend-line coming from the 2640-ish bounce. Excited to see how we open Sunday night. Good trading to all.
Baron should add a dislike button to this site.
Just leaving this here... Starting to look a lot like Feb 19. "Next week is critical" IMO. Bear market erasure, or bear market rally? Super hard to tell right now, but one would be foolish to not prepare for both.
Yeah, it would be a bad idea. It will make the site more reddit like. Not a good idea for a few possibly high-strung people that hang out here.
My call, markets remain uber bullish in the short term, technology stocks are leading the way but may slow down to allow SPX & DJ to catch up.
Metals bullish.
Oil very bullish.
Gold iffy, very hesitant, so maybe directionless for a day or two,my bias is upward on gold but it's a weak call.
Europe was strong.
The only traders who won't have the luxury of relaxing over weekend are the shorts.
Metals bullish.
Oil very bullish.
Gold iffy, very hesitant, so maybe directionless for a day or two,my bias is upward on gold but it's a weak call.
Europe was strong.
The only traders who won't have the luxury of relaxing over weekend are the shorts.
Can you provide some details on this call ? Supply/Demand is totally out of wack right now.
They have something better, an ignore button.
I don't look at any indicators nor charts in this instance, the analysis is derived from just number crunching, I'm not prepared to disclose how it's done, took years to work it out.
Usually it can go wrong when markets become violent slamming up and down on huge shakeouts but it's rare and short lived.
Monday should be large upday on oil.
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