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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I got so bored of this market the last few days I haven't been trading as much and I missed out on DWTI around $80 and LABD under $50, both are up over 10% in just 2-3 trading sessions...oh well, now Ill just wait for the next drop to come...
The markets are quite difficult to judge quickly these days and DWTI/LABD run quickly. But I think we might be good for LABD from here forward for a while (from $50s up to $75 area). I have been watching FAZ ( thinking it will go $47 moving up to $60) lately and think we have en entry here tommorrow
buying euros currency future here at 1.1373, stop 20pips
out at 1.1394
I just looked at HYG for the first time since early last week...That thing topped out late last week, probably a good head's up for the divergence...then crude came off, but the indicies just sat there for awhile...per usual, they seem to always be the laggards.
The markets are quite difficult to judge quickly these days and DWTI/LABD run quickly. But I think we might be good for LABD from here forward for a while (from $50s up to $75 area). I have been watching FAZ ( thinking it will go $47 moving up to $60) lately and think we have en entry here tommorrow
Reviewing these charts and IWM (which I stayed away from since last week), broke hard today...RVX re-tested the levels from 8/19 and if that bounce from HYG is over, then it probably resumes the downtrend...
@Nine_Ender overall you are correct, the predominant trend is an undeniable bull, so I won't even attempt disputing that.
so right now 2000 was support.....now resistance?
next support 1989?
I think last night just a bit early....these numbers still hold true
markets will fool me until they don't..romik correct, they will present the psychology setup until the most people are again bullish before letting it drop
now watching 1989 for break and for short opport...maybe london session?
hesitated at the drop into the close today because this trade will be a longer term one (next few weeks) and bigger one (wider stops and larger investment) so I wanted to verifiy the drop to 1989 and watch that support behavior.
Max showed very good persistence today....ignored potential psychology setups and just traded the tape as it unfolded. His sell mid day today was classic seasoned professional
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Reviewing these charts and IWM (which I stayed away from since last week), broke hard today...RVX re-tested the levels from 8/19 and if that bounce from HYG is over, then it probably resumes the downtrend...
yes, these are all the trials and tribulations of the underlying elements of the indices. So its a matter of them all breaking down before the indices will break below the trading range (right now 2014-1998)...not so much worried about IWM because it shows true..but Nasdaq and spx have (three card monte) some elements moving up even as some are breaking down and these diversions will keep the indices from breaking down.
This thread is amazing as some members are watching/trading the elements (effectively so) and others the indices (both cash and futures) with commodities and forex here as well. There is even overnight trading here..so someone is always manning the phones so to speak.
The problem with trading overnight is that the elements of the indices become obscured and one forgets that they indeed are the reason the indices move in one direction or the other.
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for what its worth:
china giving more negative econ data-deflation?
japan now joining the mix of bad econ data-zero growth
glencore continuing downward in both HK and UK
Russia stating they have no plans to cut crude production
consistent revenue misses on US earnings reports so far, but nflx tomorrow (probably good earnings)
I don't know any of this has any meaning in a no rate hike environment...could all easily be ignored regarding equities
some areas acting logical though:
dollar still in good downtrend
gold still in good up trend
crude starting to act accordingly
base metals showing expected weakness
is the coffee trade getting too crowded or is it still good for a while?
could all change in a minute though
china giving more negative econ data-deflation?
japan now joining the mix of bad econ data-zero growth
glencore continuing downward in both HK and UK
Russia stating they have no plans to cut crude production
consistent revenue misses on US earnings reports so far, but nflx tomorrow (probably good earnings)
I don't know any of this has any meaning in a no rate hike environment...could all easily be ignored regarding equities
some areas acting logical though:
dollar still in good downtrend
gold still in good up trend
crude starting to act accordingly
base metals showing expected weakness
is the coffee trade getting too crowded or is it still good for a while?
could all change in a minute though
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