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Key reversal
- Thread starter Lojanica
- Start date
Goldman (if one reads between the lines) analysts report greater risk in US equities markets than EM markets in recognition of battering since 2010 they have endured whilst USA has rallied relentlessly. They do not expect a sharp rebound in EM but one should think of (at least for long-term plays) buying any weakness in EM and selling any strength in US going forward.
This is equities only and not the currency or credit markets.
This is equities only and not the currency or credit markets.
Another key reversal day might be coming sometime in the near future. Rather than being the reversal of the lows, this reversal will be the highs and the termination of this very strong market we've seen over the last 10 months. There are some great shorting opportunities setting up with some incredible downside potential
Quote from PMVision:
Another key reversal day might be coming sometime in the near future. Rather than being the reversal of the lows, this reversal will be the highs and the termination of this very strong market we've seen over the last 10 months. There are some great shorting opportunities setting up with some incredible downside potential
Got it. This thread lost its focus and turned into more of a trading ideas journal. You're right maybe we should just focus on "Key Reversals."
I like selling. Keep us posted.
Grpn has gone full retard.
Todays quad witching also interesting.
sp500 did a steady sell-off for 2 days into op-ex after we spiked and squeezed with the bernank's announcement of QE infinity.
Op-ex is usually tame but this quarter many used the spike to rake the table of winnings, and/or reduce leverage, and/or establish new shorts.
Short covering occurred with the spike so what are we left with is most likely a sell-off as trader's reverse their psychology after the blow-up and op-ex.
There will likely be plenty of time to establish a short.
Todays quad witching also interesting.
sp500 did a steady sell-off for 2 days into op-ex after we spiked and squeezed with the bernank's announcement of QE infinity.
Op-ex is usually tame but this quarter many used the spike to rake the table of winnings, and/or reduce leverage, and/or establish new shorts.
Short covering occurred with the spike so what are we left with is most likely a sell-off as trader's reverse their psychology after the blow-up and op-ex.
There will likely be plenty of time to establish a short.
Quote from Lojanica:
Op-ex is usually tame but this quarter many used the spike to rake the table of winnings, and/or reduce leverage, and/or establish new shorts.
Short covering occurred with the spike so what are we left with is most likely a sell-off as trader's reverse their psychology after the blow-up and op-ex.
There will likely be plenty of time to establish a short.
Nailed it.
Sitting on the 200 day. If we break (which we will) there will be a bounce after a day or two if we don't follow through. If we follow through this this trade is a hail mary.
Hope a few took the trade.......
Look to the spec momo stocks like GRPN to act as canaries in the goldmine
Quote from Lojanica:
Yellen announcement at 200d ma, hmmmm. Good for a bounce to avoid a cascading waterfall sell-off may be a good place to add to shorts on the bounce
Wicked short covering bounce off 200d ma with Yellen, Debt Ceiling resolution. Wait for the upside to quiet down before initiating or adding to shorts. Doubt the downside is over but then again 2013 is well 2013 and every year is different. We could continue to roll to new highs with this liquidity driven, multiple expansion, rolling short squeeze to the stratosphere but my money is on another charge down before we turn up for good and charge to new highs but follow the PA.