Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
bounce a coming! getting a lil oversold
daytrade
L 2723
only looking for a quick 5 handles or so
L 2723
only looking for a quick 5 handles or so
I think that optimistic call is a bit premature...it's a fake/temporary bounce,...I have a feeling the market is going to end a bit lower then it is now...by how much and when, that remains to be seen.
You have to be patient and observe...like a snake in the bushes made out of molasses...just sitting there idle, watching,
Potentially overbought at the open, with mixed economic reports. Europe and Asia averaged up helping its case.
Let it rise a bit, and allow it to hover...but I think the market will dip or slightly dip before closing as of this present moment,
As always, have a directional, convictional, semi-logical and rational mind...but keep it open and malleable still,
Let present market facts and logical assumptions and observations constantly dance and mix with each other,
I'm not a fan of making market calls though -- because trading is part art, part science, ...it's ok to be wrong, and off timed,...so long as you can sense and realize it -- in real time,
What's presently happening and unfolding within the greater picture of things,
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nice to supplement the swing trades with some nice little 5 point winners when they're sitting on a plate like that. Nice trade
I found this quite amusing.... especially after reading how Trump keeps tweeting about historical highs on the markets.... he said over a year ago that markets were in a huge bubble and overvalued...that was many Dow points ago
I can't wait to see what he tweets after a huge market collapse, I hope it happens on his watch just to see if he will take credit for the collapse as much as he is taking credit for the historical highs each and every day!!!!
From 2016 debates he mentions BIG FAT UGLY BUBBLE,
1:08 seconds in
Fast forward to 2018 and after 40% rise in equities he's now taking credit...so if it was a BIG FAT UGLY BUBBLE then...what would it be considered today???
Trump takes credit for Dow 25,000, says 'I guess our new number is 30,000'
Why cheering on the stock market is risky for Trump
I can't wait to see what he tweets after a huge market collapse, I hope it happens on his watch just to see if he will take credit for the collapse as much as he is taking credit for the historical highs each and every day!!!!
From 2016 debates he mentions BIG FAT UGLY BUBBLE,
1:08 seconds in
Fast forward to 2018 and after 40% rise in equities he's now taking credit...so if it was a BIG FAT UGLY BUBBLE then...what would it be considered today???
Trump takes credit for Dow 25,000, says 'I guess our new number is 30,000'
- With the Dow breaking 25,000 for the first time, President Trump is hoping for even bigger gains.
- "What that means is that, whenever you see that number go up on Wall Street, it means jobs, it means success, it means 401(k)s are flourishing," Trump tells reporters.
Why cheering on the stock market is risky for Trump
- President Donald Trump again Thursday bragged about stock market performance as the Dow broke above 25,000.
- The index is up about 26 percent over the past year and nearly 40 percent since Trump's November 2016 election.
- Some economists think the president should be focusing more on broader economic progress than the fickle stock market.
What a sloppy mess.
Beautiful day. Hope you all killed it!
See what tomorrow has in store
See what tomorrow has in store
With respect to US markets, Trump's new policies are in theory good for corporations and net bad for employees and lower + most middle class Americans. I heard that 85% of stock is owned by the richest 15% in the US. So regardless of what people think of valuation, there is a case to be made for the best US corps to rally on Trump's tax policies ( as they have been lately ). I have no idea what in fact will happen, but I wouldn't preclude a blow up last(?) leg up in US markets. People really have to be prepared for that possibility as much as any "crash" scenario.
With respect to historical patterns in US markets, many posters on here ( S2007S for example and many others ) have continually compared US markets of recent years to the late 1990s. However, they let emotion get in the way of an objective comparison. Nothing back in 2012-2015 ever resembled Nasdaq in 1999 yet that is where they went to. 1998 was a huge year for the Nasdaq ( 40% ) but 1999 was an 85.6% gain across the board. That's what a real bubble looks like; hasn't happened yet.
Basically the US ( and to a lesser degree Canada ) has engineered as massive transfer of wealth to it's richer citizens and the only way the middle class can participate is through share ownership or depending on region real estate ownership. It's incredible that Trump is accelerating that transfer again in the US yet the people just accept it.