Loved your end-of-day breakouts article by the way (Stocks and Commodities Magazine, Aug. 2020, page 15)
Go DOWN Already. What the is going on here?! Nothing discounted?
- Thread starter iceman1
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Loved your end-of-day breakouts article by the way (Stocks and Commodities Magazine, Aug. 2020, page 15)
Loved your end-of-day breakouts article by the way (Stocks and Commodities Magazine, Aug. 2020, page 15)
Thanks! Yeah it's been more volatile eod this year. Either momentum runners or eod short squeezes have been tradable 3:30-4pm
In terms of monthly option expiry, there almost always are big traders working against trend all day ( I traded options a fair bit in the past ). On the TSX, it's a thinner market, easier for them to pin a stock. On some such months, after 3:30 pm a lot of the options are settled and some stocks reverse to trend strongly. The one thing I'm not sure about is with the advent of weekly options, has this monthly expiry impact lessened a lot or not. In general, on the TSX, some larger moves do occur last 10 minutes of trading. Note the TSX doesn't have after hours trading.
During this bull run, Monday's have been strong up openings more times then not. With the SPX at 3397, Oil threatening $43 on Thursday, Copper briefly above $3, and Silver threatening to make a run at $30 level, a lot can be decided early this week. My best guess is we take out 3400, stay mildly bullish through shortly before the election, mostly on the back of strong commodity moves ( and the idea that the Covid recovery is already a thing in Asia ). The election could be an excuse to correct. However, I need to see Monday. If we open down 1.5%-2% on the SPX all bets are off and then I'm curious how Gold will react. It's a highly dynamic time even half a day can change a lot.
The best thing I have heard recently: "Embrace the stupidity." Once I let go of common sense, I started making money again.
Tesla. The parabolic nature of the markets. The 'buy the dip attitude." Stocks only go up. That's facts.
Also, indices are made to only go up over time. If they weren't, they would be equal wieghted.
Sometimes but not always, even in this fed fueled world. So no not a fact by any means.
The printing press continues to work around the clock. New highs yet again for the nasdaq at open. At the rate the nasdaq is moving it should double into 2022 to 30000!!!!!!
We will see an unbelievable amount of trillion dollar companies and stocks rising thousands of percent. The momentum will never end. Just straight up forever.
We will see an unbelievable amount of trillion dollar companies and stocks rising thousands of percent. The momentum will never end. Just straight up forever.