Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Truth be told...even when I see some of the most bearish developments in these markets, I still favor trading the long bounces over the bearish patterns...I find myself invariably scaling out of short trades at the first sign of a bounce, etc, etc...Aside from that first week of January (which was awe inspiring for many reasons), the rest of the time the market ONLY fails after massive overnight bounces, massive intraday squeezes or an assortment of other max pain type trades that happen to reverse...IOW, even in the midst of massive bear action, one could conceivably never go short and still perform very well.
No worries today the ECB will lift all markets with more cheap easy extended money policies ....just keep printing that money...someone needs to keep the world economies propped up...seems like evey month there is another central bank from another country making sure the prop job continues....with Japans NEGATIVE rates last month it seems there is no stopping the central banks and their ways to keep the prop job going and going and going....
magic overnight futures makeup the entire sell off during the day
why fight the trend?
why fight the trend?
Remember December 4th...That's pretty much what I was thinking today when the market didn't like Mario's " newer, bolder plan"...which means he probably says "whatever it takes to infinity" to get the market to react "the right way"...
Rickshaw was last seen at around midnight January 4th...I still remember it...first trading day of the year and the ES trolled the bulls by spiking higher before dropping like a rock for a few straight weeks...
But even Rickshaw had lost the bull fever by the end of last year...Truth be told he only needed to wait a month and it was back to "business as usual".
Let's be honest though, past 3-4 sessions have been a coin toss as to what the "trend" is...We even broke the trendline going back to the 2/11 lows...Nasdaq has been weak, Russell rolled over at resistance, bonds diverging, etc, etc...
OTOH, I didn't buy the idea that all of a sudden we start the real plunge less than a week before "Ole Yellen" and the merry pranksters spike the kool aid once again.