Yup, shortly smack up.
Bargains to be had, but dumb money will be without sleep as they plan how to sellout holusbolus on next open.
This is how smart money think.
ES Journal - 2019/2020
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Bargains to be had, but dumb money will be without sleep as they plan how to sellout holusbolus on next open.
This is how smart money think.
March wasn't real? This is nothing.
B1... I have one ID here buddy. Don't let the paranoia set in ok.
Anyway... all that aside, I might have called the top.
I posted in several threads yesterday to get out. TSLA, Apple, and a couple others. I even told Stoney to go to cash.
In the real world, where it actually matters, I texted 2 passive whale buds with the same advice. Neither listened I just found out.
We will have a recession, I mean anybody that's been around a bit can see it coming. There's too many subtle (big) things out here in the real world that are screaming problems. That being said, right now I'd be willing to bet the ISM numbers are looking good. I have that one down too. When do they come out next? (EDIT)... just looked.... yesterday. They clocked a 21 month high. Not surprised at all. Right again. And I honestly didn't cheat on that.
The markets "looks forward" B1. But they do it selectively.
Did you see AMD today? While the Naz was down 4.96%, AMD was down 8.5%. After hours its trading at $79 and change. Down another 3.5% while the S&P is down .44%.
I won't beat that horse into glue... but you know damn well who here at ET knows wtf they are talking about.
XLF won't "tank", but nor will it roar. The bias is down B1. You can play stubborn, but in the end you're gonna see the financial sector is gonna have problems. Unless of course your boy Biden gets in and gives away the farm. Student loans... fuggit about em. Evictions... ditto. Foreclosures... hey the CDC just said those are a health risk. They ain't happenin'.
Alls well. But water always seeks its level and like I said... the markets look forward. We'll get a bounce, but the chickens are coming home to roost my friend. Just like they always have.
You'll see.......
-vz
My P&L says otherwise but hey fuck do I know.
On a simple quest to read charts as best I can...
Today was a game changer.
Were you around on June 11th? How about March 12th? March 16th? etc etc.
Think the market is "looking forward" to tomorrow's NFP numbers? Hehe..heheh..hhe.
Most important job in the world Tiddly. Don't ever forget it my friend.
CNBC can spark an intra-day bassline.... notice I didn't spell that base-line... but the real money, the smart money, only laughs at the sheep.
https://en.wikipedia.org/wiki/Bassline
Baaaahhh.
BTD.
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