Midnight rally
- Thread starter Rickshaw Man
- Start date
It's a buy or sell, it's that easy...
But when in doubt, stay out!
I'm shorting the Dow and closing my eyes...Covid 2.0 is going to take it to 33k, who would buy in this market?
Timber...
That's when the easy money is made. When its so hard is when professionals step up. By the time your comfortable buying, its to late. Not talking about investing, just trading.
Gee ya think the stock index futures will rise tonight before the jobs report.....who cares about the jobs report it matters not....NOTHING MATTERS. The FOMC will keep juicing the markets higher and higher. No such thing as to high for the FOMC.
So yes they will rise, the jobs report will be favorable to whatever the FOMC agenda currently is. That keeps pumping 120 billion month after month into the market.
YOU CAN'T LOSE BEING LONG IN THIS MARKET. BUY AT THE ALL-TIME HIGH. IT WILL GO HIGHER AND HIGHER.
So yes they will rise, the jobs report will be favorable to whatever the FOMC agenda currently is. That keeps pumping 120 billion month after month into the market.
YOU CAN'T LOSE BEING LONG IN THIS MARKET. BUY AT THE ALL-TIME HIGH. IT WILL GO HIGHER AND HIGHER.
Sitting on a winner...so easy.
probably get a big up day tomorrow to end the week, and likely a nice EOD ramp up. It's fun to trade these markets. Kind of an inbuilt edge if you just buy dips and breakouts. Never go short! lol. I learnt the hard way and haven't looked back since I realised how it works
Have you already forgotten March 2020:
The 2020 stock market crash began on Monday, March 9. The Dow fell 2,013.76 points that day to 23,851.02.1 It had fallen by 7.79%. What some labeled as “Black Monday 2020” was, at that time, the Dow’s worst single-day point drop in U.S. market history.
On Thursday, March 12, 2020, the Dow fell a record 2,352.60 points to close at 21,200.62. It was a 9.99% drop, almost a correction in a single day. It was the sixth-worst percentage drop in history.
On March 16, the Dow hit a new record. It lost 2,997.10 points to close at 20,188.52. That day’s point plummet and 12.93% free fall topped the original October 1929 Black Monday slide of 12.82% for one session.1
Prior to the 2020 crash, the Dow had just reached its record high of 29,551.42 on February 12. From that peak to the March 9 low, the DJIA lost 5,700.40 points or 19.3%. It had narrowly avoided the 20% decline that would have signaled the start of a bear market.
On Thursday, March 12, 2020, the Dow fell a record 2,352.60 points to close at 21,200.62. It was a 9.99% drop, almost a correction in a single day. It was the sixth-worst percentage drop in history.
On March 16, the Dow hit a new record. It lost 2,997.10 points to close at 20,188.52. That day’s point plummet and 12.93% free fall topped the original October 1929 Black Monday slide of 12.82% for one session.1
Prior to the 2020 crash, the Dow had just reached its record high of 29,551.42 on February 12. From that peak to the March 9 low, the DJIA lost 5,700.40 points or 19.3%. It had narrowly avoided the 20% decline that would have signaled the start of a bear market.