ES Journal - 2019/2020

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Noone123 said:
And how do we know if and when the Fed will do that? There's value in oil, but short term structure issue. They have a month to figure it out...may not able to find more storage, but there are options and alternatives.
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Oh, I'm sure they'll stitch together some rescue package for the oil industry. Or maybe they'll just quietly add it on top of some existing bailouts. Who knows? It probably won't even be a headline news. Just keep your eyes open WWWWWIIIIIIDDDDEEEEEE :finger:

BTW CL dropped nearly $3 since you posted. It's a seller's market. Go short instead.
 
schizo said:
BTW CL dropped nearly $3 since you posted. It's a seller's market. Go short instead
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FriskyCat said:
The slow drip, drip, drip of conditioning people into accepting that "anything and everything" is eligible to be backstopped.
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More than that. You sure didn't bitch when the market was making nonstop ATH for the last 11 years. What makes you any smarter now? :sneaky: :banghead:
 
themickey said:
The markets were getting knocked about a tad for Tuesday, gold not bearish, base metals hammered and feeling sore, oil still not bearish, a few traders probably a bit bruised but I think this pullback may last another day, then recover. Wild times atm.
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NQurious said:
You talking equities here? Oil? Or both?
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Both, just looking at the surface it seems bearish but to me it has all the appearances of just a pullback on an uptrend.
The retail crowd are skitterish and running for the exits all the while the pullback is nothing serious.
Oil plunge knocked out many players I would anticipate but just like the Fed, Saudi, Ruskie and USA have in their interest to prop up oil prices.
At this point in time in the markets, oil stocks nor general USA equities have not gone over the edge of a waterfall.
 
schizo said:
Oh, I'm sure they'll stitch together some rescue package for the oil industry. Or maybe they'll just quietly add it on top of some existing bailouts. Who knows? It probably won't even be a headline news. Just keep your eyes open WWWWWIIIIIIDDDDEEEEEE :finger:

BTW CL dropped nearly $3 since you posted. It's a seller's market. Go short instead.
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Ya. Caught the turn, but trailing in, so it's not too bad. Cost basis is lower than original entry. Still need an up move though.
 
themickey said:
Both, just looking at the surface it seems bearish but to me it has all the appearances of just a pullback on an uptrend.
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I'm of the same mind. Looks like we might get a lower low tomorrow, but overall given that it's the end of the world as we know it and all that the market seems ready to keep right on rolling higher. The pullback thus far hasn't begun to dent the uptrend.

Interesting times these are.
 
NQurious said:
I'm of the same mind. Looks like we might get a lower low tomorrow, but overall given that it's the end of the world as we know it and all that the market seems ready to keep right on rolling higher. The pullback thus far hasn't begun to dent the uptrend.

Interesting times these are.
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Yes, the volatility is probably the most difficult aspect, for many they can't cope with the large swings and it's predominantly causing the panic.
 
My problem, if I get knocked out by volatility, it becomes very difficult to get back in, as when price were to gap up and I'm out, then that's several percent missed out on and usually a reluctance to chase.
 
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