Explain to me like a golden retriever why the market went up friday after strong job numbers?

[v-shape-0DTE]

You'll dismiss it, but the reason is because of the late day selloff on Thursday. Every time it has happened this year it automatically starts the V recovery and usually takes 2-3 days to complete the V. There's just too much manipulation in the market to allow much downside. If you look at any of the real red days, it never even has a single red print the next day. Same pattern over and over again.

Go out to the weekly chart and you will see that it has to stay in the uptrend. Just too much support and this market will never break this uptrend. It's just too strong and powerful so it gets the save every time it needs to.

Same thing after March 15th, Feb 21st and January 31st. Good luck getting this market to actually have a directional down move.

 

[SimpleMeLike]

Long and Strong the SP 500 index from Vanguard for LIFE.

I buy every chance I get. And will not sell until I am 65 years old.

Easiest money I EVER made in MY LIFEEEEEEEEE.

I WILL NEVER SELL

 

[maxinger]

Strong job numbers means fed has less data to support interest rate cuts. The market LOVES interest rate cuts.

So why did it go up in the face of conflicting data to the bullish low interest rate narratative.

Seriously I'd love to hear a reasonable explanation on the rally friday.

woof.

Trading and rationalizing don't mix.

The more you try to rationalize, the more $$$ you'll lose.

Professional traders focus on the charts;
uptrend - take Long position, downtrend - take Short position.

Professional writers focus on rationalizing and not uptrend/downtrend nonsense.


woof! woof!! woof!!!!!!!!!!!!!!!!!!

 

[Businessman]

Trading and rationalizing don't mix.

Rationalizing market moves is easy.

If the market moves up on some news, the news was more bullish (or less bearish) than the market was expecting.

If the market moves down on some news, the news was more bearish (or less bullish) than the market was expecting.

If the market is flat after some news, the news was inline with what the market was expecting.

Simple as that.

 

[Wide Tailz]

Strong job numbers means fed has less data to support interest rate cuts. The market LOVES interest rate cuts.

So why did it go up in the face of conflicting data to the bullish low interest rate narratative.

Seriously I'd love to hear a reasonable explanation on the rally friday.

woof.

Because the market is only there to inflict MAXIMUM PAIN

When the herd begins to believe in correlations, they reverse!

 

[themickey]

Rationalizing market moves is easy.
If the market moves up on some news, the news was more bullish (or less bearish) than the market was expecting.
If the market moves down on some news, the news was more bearish (or less bullish) than the market was expecting.
If the market is flat after some news, the news was inline with what the market was expecting.
Simple as that.

Riiiiight, soooooo if the market went up one day and down the next that means everyone changed their minds? Interesting....

 

[schizo]

Strong job numbers means fed has less data to support interest rate cuts. The market LOVES interest rate cuts.

So why did it go up in the face of conflicting data to the bullish low interest rate narratative.

Seriously I'd love to hear a reasonable explanation on the rally friday.

woof.

In a bubble market, fundamentals are pretty much thrown out with the dirty baby. It just doesn't work because everyone is so hyped up thinking "this time it's different". This happened back in the late 90s. Again in the late 2000's. And we're seeing it all over again now. So until it tanks hard once again, as it has always done, just enjoy the show.

 

[v-shape-0DTE]

In a bubble market, fundamentals are pretty much thrown out with the dirty baby. It just doesn't work because everyone is so hyped up thinking "this time it's different". This happened back in the late 90s. Again in the late 2000's. And we're seeing it all over again now. So until it tanks hard once again, as it has always done, just enjoy the show.

When will people realize the "tank hard" is just not a reality. You do realize the fight this is going to have, with pretty much every dip getting bought and the incredible amount of saves. It's incredibly hard for this market to stay down and that isn't going to suddenly change.

 

[schizo]

When will people realize the "tank hard" is just not a reality. You do realize the fight this is going to have, with pretty much every dip getting bought and the incredible amount of saves. It's incredibly hard for this market to stay down and that isn't going to suddenly change.

Ain't arguing with ya. As I've said, this is the norm in a bubble market and I've heard the same rationale that you're giving in the past. But they all abruptly come to a tragic end at some point. Until then, have fun spouting whatever you want. Be sure to hedge yourself just in case.

 

[wxytrader]

Strong job numbers means fed has less data to support interest rate cuts. The market LOVES interest rate cuts.

So why did it go up in the face of conflicting data to the bullish low interest rate narratative.

Seriously I'd love to hear a reasonable explanation on the rally friday.

woof.

Ignore the news as it has no affect. The market is going up due to TA.