So what was that reversal nuttiness today 12/27/18?

Palindrome said:
The news is a joke, there is NEVER tradable data coming through the news. You are late to the game often by days or weeks. "pension fund buying" has been discounted for weeks even IF that news was even real.

You need to focus on what really drives the market... and that is $$$$. Figuring out where the most transactions will probably take place (an art)...but figure that out and you know where the market is going to gravitate too... that price in which that large volume will take place is where it migrates to.
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What about when President Trump says things? It moves many markets I always see. His Twitter news seems to always impact U.S. futures. Are they to late to profit?
 
Visaria said:
On Friday, the market tried to break the overnight highs...collapsed when it couldn't (I caught that down move btw)....technically past few days just looked like a dead cat bounce ...fundamentally there are funds who still have stock they don't want to show on their books and monday is the last chance to clear their books.
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FRI close, 2018 close , still looks like a dead cat bounce.It did get so far below 50dma, could bounce again . But buyers/dividend recievers @ the last today[12-31-18]maybe dont think its a dead cat,LOL. :D:D Turn around Tues comes on WED if market is closed tues. NOT a prediction.
 
murray t turtle said:
...Turn around Tues comes on WED if market is closed tues. NOT a prediction.
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Yeah, but a turn around from what? Did anyone see this stupid on the final 5 minutes of 2018?

Buh bye 2018, you were a hell of a whiplasher...

upload_2018-12-31_17-56-26.png
 
Overnight said:
Yeah, but a turn around from what? Did anyone see this stupid on the final 5 minutes of 2018?

Buh bye 2018, you were a hell of a whiplasher...

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Yes, but most of main trends were/are down[200dma,+ 52 weeks ending 2019= negative for SPY,QQQ,DIA]
NOT a prediction; i borrowed the phrase '' turnaround tuesday'' from Mr Hirsch Stock Traders Almanac.
Its a short term signal, but since most all the trends are below 200day moving average.....
Tues was closed .LOL.He figures WED if tues is closed.
They're buying SDOW again, above 50 day moving average; dont know if SDOW is liquid enough for day trading??:cool::cool:
 
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maybe oil. med access via syria port, no more friends with iran, bitcoin can stay here and can cut with opec. or summin
 
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