ES Journal - 2019/2020

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Absolutely not. Damage has already been done. In the US the fed will not be allowed to print enough dollars to simply replace what has been lost and continues to be lost. The tentacles of this creative destruction are slowly surfacing. This creative destruction is happening worldwide. I haven't even mentioned capital formation, jobs/unemployment, or specific sectors.
wow are you short heret?
 
In time....timing is everything.
But I do agree that the path of least resistance is up....for now :)
That usually means we're heading south... but I feel what you're saying.

Tomorrow is huge. Can Goldman Sachs traders beat the results of JP Morgan ?
Holy smokes.....that is huge. Man, JP Morgan put-up some awesome results today.

Yes they did, and just like you said, for fun can GS beat JPM.... (?)... but here's the bigger picture and this is why the banks are so cheap and B1 is wrong. Those trading dollars may work for JPM and GS and a few others so hats off... but that's not the business banks are in where the rubber meets the road. It may be a one off thing, it may not be, I'm sure they have the best traders money can buy... but banks are banks. Its about the customers and how they're doing. What if Macy's opened a trading desk and made huge bucks next quarter? Who cares? Not apples to apples... but the financial press heralding JPM's bottom line beat... only an idiot would listen to that. Show me the organic growth.

This is a very odd thing to say on a thread for ES trades.

a bot might reply like this.

Welcome to ET. Who were you previously?
Anyway... if Overnight is a bot... he must have been designed by MIT's best because they incorporated a Friday night Manischewitz sub-routine in the algorithm that is near impossible to replicate.

You know damn well know he's not a bot.
Whatever on that.

If he is no longer the president on November 3rd, 2020, hold onto your hats. He will sabotage the economy in ways you cannot imagine. Mark it, dude.
Speaking of the devil.... Hmmm. Interesting thought.
Ahhh.... I don't think he will. His focus will be on the launch of the Trump TV channel. That fiercely loyal 38% base... it may not work in an election... but in TV land where ratings are everything, it'll smoke it. And he'll still have his pulpit.


As a side note, this runoff in 'Bama is not getting enough press. Its a biggie imo in what it will say.
https://elitetrader.com/et/threads/alabama-senate-runoff.347538/#post-5155981

I'm sticking with my earlier post btw.... we closed at 3187ish, so the mp was off by a bit at 3183... its 3210 as I type, but I still think tomorrow will be red. I might be wrong though.
 
That usually means we're heading south... but I feel what you're saying.



Yes they did, and just like you said, for fun can GS beat JPM.... (?)... but here's the bigger picture and this is why the banks are so cheap and B1 is wrong. Those trading dollars may work for JPM and GS and a few others so hats off... but that's not the business banks are in where the rubber meets the road. It may be a one off thing, it may not be, I'm sure they have the best traders money can buy... but banks are banks. Its about the customers and how they're doing. What if Macy's opened a trading desk and made huge bucks next quarter? Who cares? Not apples to apples... but the financial press heralding JPM's bottom line beat... only an idiot would listen to that. Show me the organic growth.



Welcome to ET. Who were you previously?
Anyway... if Overnight is a bot... he must have been designed by MIT's best because they incorporated a Friday night Manischewitz sub-routine in the algorithm that is near impossible to replicate.

You know damn well know he's not a bot.
Whatever on that.


Speaking of the devil.... Hmmm. Interesting thought.
Ahhh.... I don't think he will. His focus will be on the launch of the Trump TV channel. That fiercely loyal 38% base... it may not work in an election... but in TV land where ratings are everything, it'll smoke it. And he'll still have his pulpit.


As a side note, this runoff in 'Bama is not getting enough press. Its a biggie imo in what it will say.
https://elitetrader.com/et/threads/alabama-senate-runoff.347538/#post-5155981

I'm sticking with my earlier post btw.... we closed at 3187ish, so the mp was off by a bit at 3183... its 3210 as I type, but I still think tomorrow will be red. I might be wrong though.

Last two days set one hell of a trap for one side or the other.

Should get really interesting.

EDIT:. Some great trading opportunities off this vol :thumbsup:
 
At 12:43 (pst) Volume is at 99% of yest.
75% of volume spent mostly down in the first 4 hours or so,
and barely 25% of volume until the very last minutes of the day.
Anemic.

Nothing has changed.

This implies you are short (or short biased) correct? With the late day run up (volume or not) and AH gap up, How much significance do you give to this type of analysis? And how does it factor into your trading? I am interested in using volume, so I’m curious how important people think it actually is.
 
I might be wrong though.
Gooooong!
Well, Moderna got me.
I wish I would have got up earlier and bought some DAL.
Damn.

There's people out there saying Moderna is another Theranos lol.... well I'll tell you what, I doubt it is but if it is... what they did to that Elizabeth chick regarding jail.... these f'rs will get the electric chair.
 
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