I cringe to think how many shorts are stuck from the past 4 weeks.

themickey said:
Am maintaing a bullish call Monday for USA, that's for the general market + gold.
Energy might be flat though.
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Futures at one point on the dow were down over 350

Understand this. States are slowly opening up, I believe its about 16 states so far. Iffff there is any uptick or surge in covid cases in the next few weeks these states will go back into quarantine once again. If this does happen there will extreme downside to March lows without question. So right there is a bit of caution and uncertainty in the markets.
 
S2007S said:
Futures at one point on the dow were down over 350

Understand this. States are slowly opening up, I believe its about 16 states so far. Iffff there is any uptick or surge in covid cases in the next few weeks these states will go back into quarantine once again. If this does happen there will extreme downside to March lows without question. So right there is a bit of caution and uncertainty in the markets.
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Never mind the media, they don't operated algos.
Just smell out present market clues, run with it until it changes.
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S2007S said:
Run it till it changes??
The last 2 day selloff excluding today no one read in the charts.
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'tis but a minor hiccup, not enough to be concerned about to exit the current runnup.
As you will be aware, these liitle blips shake out weak hands.
Getting shaken out is a problem because a sudden reverse snap can make it difficult to re enter a fast moving market, unless a day trader who prefers being glued to a chair and monitor.
 
themickey said:
......if you missed the initial launch off in March this year, getting in now is looking risky.
Myself, I bought two oilers Monday of last week because I saw an opportunity window open there, but other than that I haven't bought anything - I'm not a day trader.
However, I'm not bearish atm.
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Exited two oilers this morning on ASX for +19% & +8%, a coupla weeks holding.
I'm beginning to see bearish signs slowly creeping in, still a bit early to take major action across my entire portfolio but becoming more wary.
Common for bull runs to end is a sudden upward rush to suck in noobs then plunge.
 
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