Markets down, you guessed it, on failed stimulus hopes. Rinse and repeat

S

S2007S

This is getting really old. Like really old, like when the trade deal with China kept going on for years...
Tomorrow they will say they are close and the markets will prop up again for a week and then no deal and then a deal and then no deal and then a deal and then no deal.
Market algorithms are really having a field day with these stimulus headlines....


https://www.cnbc.com/2020/10/13/stock-market-futures-open-to-close-news.html
 
US Stonks, especially Nasdaq Stonks, only go up in the medium and long run.

Use all short term dips as buying opportunities ;)

And one last thing, never ever short Stonks...
 
S2007S said:
Tomorrow they will say they are close and the markets will prop up again for a week and then no deal and then a deal and then no deal and then a deal and then no deal.
Market algorithms are really having a field day with these stimulus headlines....


https://www.cnbc.com/2020/10/13/stock-market-futures-open-to-close-news.html
More...
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Looks more like a technical move,including but not limited to tech profit taking.
Stocks uptrended nicely when gov was shut-down.

But CNBC was the one that for sure predicted the bird flu was going to be a major pandemic; that never happened also...…………………………………………………………………………………………...
 
murray t turtle said:
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Looks more like a technical move,including but not limited to tech profit taking.
Stocks uptrended nicely when gov was shut-down.

But CNBC was the one that for sure predicted the bird flu was going to be a major pandemic; that never happened also...…………………………………………………………………………………………...
More...


Yeah I tend to agree with. I mean we had a huge one day move up, those typically don't sustain themselves without at least some type of temporarily pullback at the very least.

Larger charts weren't in a position for a good long either, so news or no news it wasn't like a surprise thing.
 
We are in Alice the wonder world for now. Another leg up could happen regardless who wins on Nov 3. markets could initially sell off on Biden win for example, then headlines with guaranteed stimulus will appear and we will break ATH. We just need to trade what is in front of our eyes.

One thing for certain, when music stops it will be the bloodiest shit anyone ever saw. But it might be 10 years or even longer in the future.
 
smallfil said:
Stockmarket doing fine. ET .... showing their utter stupidity trying to parse what every market reaction is supposed to mean? Good luck with that chumps. Trend is still up and all you need to know.
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I agree with about 95.777% of that.
Some were taking tech profits/ not that even means a correction in a bull market/LOL. The SQQQ/+related bears did get a good mini move thru 12 noon CST more or less.
Traders /investors/bulls + bears may have been feeling good, about an again failed ''gov stimulus'' unquote.
NOT a prediction+ not a trend hater/LOL.:D:D:D:D:D:D:D
 
derektrader said:
This clearly shows the market only cares about stimulus. We keep bouncing of the 50 dma though.
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Stimulus might not come after November 3, 2020. Trade the stockcharts. Ignore the ET trolls who have been wrong every single time. This is not rocket science. Pullbacks are natural reactions to rallies. Nothing mysterious about it. Then, assuming the trend is intact, the rally continues. Remember the saying, the trend is your friend?
 
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