Well, I haven't read the whole thread but not sure what the courage comment is. This market has really been a pretty normal tape. Nothing out of the ordinary. I think most guys here have some sort of a strategy, so buying all the time or shorting all the time is not really a strategy. I say the odds are we grind higher. The action is really more in the individual stock names and the commodities. If all you are trading is the spoos, I hope you have some good reading material. LOL.
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HUGE day UP coming for US Stocks tomorrow Monday 3/20-here is why...
- Thread starter increasenow
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Well, I haven't read the whole thread but not sure what the courage comment is. This market has really been a pretty normal tape. Nothing out of the ordinary. I think most guys here have some sort of a strategy, so buying all the time or shorting all the time is not really a strategy. I say the odds are we grind higher. The action is really more in the individual stock names and the commodities. If all you are trading is the spoos, I hope you have some good reading material. LOL.
Quote from Maverick74:
Well, I haven't read the whole thread but not sure what the courage comment is. This market has really been a pretty normal tape. Nothing out of the ordinary. I think most guys here have some sort of a strategy, so buying all the time or shorting all the time is not really a strategy. I say the odds are we grind higher. The action is really more in the individual stock names and the commodities. If all you are trading is the spoos, I hope you have some good reading material. LOL.
Yeah i dont really trade equities.. Just index and commodities
Would be nice to bounce around in the 1300 1250 levels... if we got a dip to 1250 before the last leg of the Ben rally i wouldn't complain..
The real wrench is earnings, if there not spot on, with this Geo risk, its going to be a cluster fuck..
Quote from Maverick74:
Price action looks pretty good to me. Market feels firmly bid. I don't see us trading much below 1260 to 1270 on the downside, but upside feels like 1350 to 1375 is possible by Memorial day. That skews the risk/reward to favor longs. I've never seen a tape buy up so much bad news before. It's mind boggling. If we take out 1300 watch out, the move is going to be fast and swift.
Like I said....
Hum. Bearish order flow? That must be the reason my long swing trades are doing so well and look the S and P is at about 1308. Huh? I will have to look at this bearish order flow more often.
Quote from jax88:
Longs be aware! Order flow is still bearish as fk, and today this was the third confirmation on that high of 1296. You have been warned!
Isn't bearish order flow with bullish price action good?
Anyway, buyers look foaming at the mouth and are pushing it higher. Not very surprising because we had panic selling, now we have panic buying. Expect a consolidation (lower) or a retest in the indices.
Especially in Europe by the way. Just had a portugal downgrade come across the wires, which created a dip for about 40 seconds which was pretty much immediately and very aggressively bought up to the DH (which is where it closed about 10 minutes after the announcement). I don't like it when prices stall out on heavy volume on the day high and then (afterhours though) immediately go lower. I try to look for the potential graveyards for buyers and this aggressively buying into the close thing in Europe is really a potentially massive fuckup. I don't think it's a good idea to buy into a panic rally coming from a panic selloff, especially not when the market is overbought again also by "conventional" means.
The market could easily settle a bit first (probably that will be lower as I said) and then I expect fully to have a new high within two months or less.
Btw price action at the time of posting does not look great to me.
Anyway, buyers look foaming at the mouth and are pushing it higher. Not very surprising because we had panic selling, now we have panic buying. Expect a consolidation (lower) or a retest in the indices.
Especially in Europe by the way. Just had a portugal downgrade come across the wires, which created a dip for about 40 seconds which was pretty much immediately and very aggressively bought up to the DH (which is where it closed about 10 minutes after the announcement). I don't like it when prices stall out on heavy volume on the day high and then (afterhours though) immediately go lower. I try to look for the potential graveyards for buyers and this aggressively buying into the close thing in Europe is really a potentially massive fuckup. I don't think it's a good idea to buy into a panic rally coming from a panic selloff, especially not when the market is overbought again also by "conventional" means.
The market could easily settle a bit first (probably that will be lower as I said) and then I expect fully to have a new high within two months or less.
Btw price action at the time of posting does not look great to me.
Quote from Locutus:
Isn't bearish order flow with bullish price action good?
Anyway, buyers look foaming at the mouth and are pushing it higher. Not very surprising because we had panic selling, now we have panic buying. Expect a consolidation (lower) or a retest in the indices.
Especially in Europe by the way. Just had a portugal downgrade come across the wires, which created a dip for about 40 seconds which was pretty much immediately and very aggressively bought up to the DH (which is where it closed about 10 minutes after the announcement). I don't like it when prices stall out on heavy volume on the day high and then (afterhours though) immediately go lower. I try to look for the potential graveyards for buyers and this aggressively buying into the close thing in Europe is really a potentially massive fuckup. I don't think it's a good idea to buy into a panic rally coming from a panic selloff, especially not when the market is overbought again also by "conventional" means.
The market could easily settle a bit first (probably that will be lower as I said) and then I expect fully to have a new high within two months or less.
Btw price action at the time of posting does not look great to me.
Panic buying? Where, in pork bellies? LOL.
I went long this morning on the small dip
Market absorbed all bad news... Touched 1302 es overnight, it was just going higher..
NQ ripped all day
Market absorbed all bad news... Touched 1302 es overnight, it was just going higher..
NQ ripped all day